Vinit Mobile IPO
Retail • ₹34.13 Cr
High risk because:
- 5 material risk factors disclosed in DRHP
- High customer concentration flagged in the DRHP
- SME listing with thinner post-listing liquidity
IPOFins risk score from DRHP risk factors, subscription demand & issue structure
Price Band
₹158
Lot Size
800 shares
Issue Size
₹34.13 Cr
Open
30 Jun 2026
Close
02 Jul 2026
Subscription
1.58×
IPO Schedule
| Issue Open Date | 30 Jun 2026 |
| Issue Close Date | 02 Jul 2026 |
| Allotment Date | 03 Jul 2026 |
| Listing Date | 06 Jul 2026 |
About Vinit Mobile
Vinit Mobile Limited is a multi-brand mobile retail company that sells mobile phones, tablets, and mobile accessories through its company-owned and company-operated (COCO) retail stores. The company operates 35 retail outlets across Surat district, Gujarat, and Jaipur district, Rajasthan, under the brands Vinit Mobile Limited, VR Mobile, and RJ Mobile. It offers smartphones from brands such as Apple, Samsung, Vivo, Oppo, Xiaomi, OnePlus, Motorola, and Realme, along with accessories including chargers, earphones, power banks, smartwatches, screen guards, and mobile covers. The company also facilitates customer financing through third-party financial institutions, provides after-sales assistance through authorised service centres, and undertakes bulk B2B sales of mobile phones and accessories to retailers and corporate customers. Store operations, inventory management, billing, and customer engagement are managed through its centralised APX ERP software platform.
Company Details
Founders / Promoters
Mr. Vinit Jalan
Founded
2011
Registrar
BIGSHARE
Documents
DRHP / RHP Document (PDF)
View official prospectus →
Investment Analysis
Vinit Mobile — IPOFins Verdict
QuantitativeDriven by QIB demand at 1.0x and elevated disclosed risk (8/10), Vinit Mobile listed at a discount of 1.9% to its issue price. SME listings are also thinner and more volatile after listing. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
- The company claims to operate a company-owned and company-operated (COCO) retail model across its store network. Under this model, it directly manages staffing, inventory, billing, pricing, and day-to
- The company claims to have built a sizeable offline retail presence within a relatively short period. As of the date of the prospectus, it operates 35 company-owned stores across Surat (Gujarat) and J
- The company claims to have established relationships with several leading mobile handset brands and financial institutions. It retails products from brands such as Apple, Samsung, Vivo, Oppo, Xiaomi,
- The company claims to use a centralised technology platform for inventory and store management. Its APX ERP system is used for billing, inventory tracking, customer engagement, and operational monitor
- The company has demonstrated rapid expansion in its retail network and business operations. The number of stores increased from 1 in FY23 to 19 in FY24, 24 in FY25, and 32 by December 31, 2025, while
Score breakdown — what drove this verdict
High risk from DRHP → score -1.2
Institutional subscription → score 0
Actual listing outcome → score −0.5
SME IPOs have lower liquidity after listing → score −0.5
Base score: 5.0 · Final score = base + all factor adjustments, capped 1–10. Full methodology →
IPOFins Score is a quantitative signal from subscription demand, disclosed risk, and listing data — not investment advice. Not SEBI-registered.
Listing Performance
Issue Price
₹158
Listing Price
₹155
Listing Gain/Loss
-1.90%
Listing Date
06 Jul 2026
Price Since Listing
Returns are measured against the ₹158 issue price.
Listing
₹155
-1.9%
Current
₹78.3
-50.4%
Want to buy this stock?
Trade Vinit Mobile on the secondary market
FAQ
What is the price band of Vinit Mobile IPO?
The price band is ₹158 per share with a lot size of 800 shares. Minimum investment: ₹1,26,400.
What does Vinit Mobile do?
Vinit Mobile Limited is a multi-brand mobile retail company that sells mobile phones, tablets, and mobile accessories through its company-owned and company-operated (COCO) retail stores. The company operates 35 retail outlets across Surat district, Gujarat, and Jaipur district, Rajasthan, under the brands Vinit Mobile Limited, VR Mobile, and RJ Mobile. It offers smartphones from brands such as Apple, Samsung, Vivo, Oppo, Xiaomi, OnePlus, Motorola, and Realme, along with accessories including chargers, earphones, power banks, smartwatches, screen guards, and mobile covers. The company also facilitates customer financing through third-party financial institutions, provides after-sales assistance through authorised service centres, and undertakes bulk B2B sales of mobile phones and accessories to retailers and corporate customers. Store operations, inventory management, billing, and customer engagement are managed through its centralised APX ERP software platform.
Should I apply for Vinit Mobile IPO?
Vinit Mobile listed at ₹155 (-1.9% discount to the ₹158 issue price) after 1.6x subscription. IPOFins Score 3/10: Driven by QIB demand at 1.0x and elevated disclosed risk (8/10), Vinit Mobile listed at a discount of 1.9% to its issue price. SME listings are also thinner and more volatile after listing. The signals look weak — weigh the risks carefully. This is a quantitative flag, not a recommendation.
Who founded Vinit Mobile?
Vinit Mobile was founded by Mr. Vinit Jalan in 2011.