About Vinit Mobile
Vinit Mobile Limited is launching its initial public offering on the NSE SME platform.
- IPO Open Date: June 30, 2026
- IPO Close Date: July 2, 2026
- Price Band: ₹150 to ₹158 per equity share
- Lot Size: 800 shares (Minimum investment of ₹2,52,800 for retail investors)
- Total Issue Size: ₹34.13 Crores (Entirely a Fresh Issue of 21.60 lakh shares)
- Tentative Allotment Date: July 3, 2026
- Tentative Listing Date: July 7, 2026
📊 Financial Year Performance (FY23 – FY25)
The company operates a multi-brand mobile retail chain (primarily via 35 company-owned, company-operated stores across Surat, Gujarat, and parts of Rajasthan). Its financial growth has shown significant acceleration over the past three financial years:
| Particulars | FY2024-25 (FY25) | FY2023-24 (FY24) | FY2022-23 (FY23) |
|---|---|---|---|
| Revenue | ₹59.99 Cr | ₹28.56 Cr | ₹0.00 Cr* |
| Profit After Tax (PAT) | ₹3.90 Cr | ₹0.72 Cr | ₹-0.02 Cr |
| Net Worth | ₹4.60 Cr | ₹0.70 Cr | ₹-0.02 Cr |
| Total Debt | ₹3.04 Cr | ₹3.10 Cr | ₹0.03 Cr |
| Return on Equity (RoE) | 84.78% | 102.78% | 3.08% |
| Basic EPS (Diluted) | ₹9.73 | — | — |
*Note: The current management took over the business operations around FY 2022-23, which explains why the operational revenues kicked in from FY24 onwards.
🎯 Objectives of the Issue
The capital raised via the fresh issue of shares is earmarked for:
- Setting up new retail outlets (₹0.62 Cr)
- Meeting incremental working capital requirements (₹23.75 Cr)
- General corporate purposes.