Vinit Mobile IPO Details

SME

Vinit Mobile IPO DRHP (Draft Red Herring Prospectus) has been Filed with Exchange.

Vinit Mobile IPO total issue size comprises 21,60,000 shares . This includes a fresh issue of 21,60,000 shares . Pre-issue shareholding stands at 40,10,000, which will increase to 61,70,000 post-issue.

The Lead Managers for Vinit Mobile IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Comfort Securities Ltd. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.

For detailed information, Refer to the Vinit Mobile Limited DRHP.

Vinit Mobile IPO Details

Open Date
-
Close Date
-
Listing Date
-
Issue Price
₹0 - ₹0
Face Value
₹10 per share
Lot Size
GMP
₹0
Issue Type
IPO
Listing On
NSE
Type
Book Built Issue
Share holding pre issue
40,10,000 shares
Share holding post issue
61,70,000 shares
Total Issue Size
21,60,000 shares
Fresh Issue
21,60,000 shares
Offer for Sale
shares
DRHP Status
Filed with Exchange

Vinit Mobile IPO Lot Size

ApplicationLotsSharesAmount
To be announced

Vinit Mobile IPO Reservation

Promoter Holding

Pre Issue:99.80%
Post Issue:-
Promoter Names:
Mr. Vinit Jalan, Mrs. Shweta Jalan

Documents

Vinit Mobile IPO Valuations

ROE:84.78%
ROCE:73.66%
Debt/Equity:0.66
RoNW:84.78%
PAT Margin:6.44%
EBITDA Margin:9.53%

Vinit Mobile Financial Information

Period Ended30 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Assets19.1913.347.410.01
Total Income18.3360.6328.590.00
Profit After Tax1.003.9071,990.00-0.00
EBITDA1.665.721.05-0.00
NET Worth5.604.600.70-0.02
Reserves and Surplus5.594.590.69-0.03
Total Borrowing4.613.043.100.03
Amount in ₹ Crore

About Vinit Mobile IPO

Incorporated in 2011, Vinit Mobile is a multi-brand mobile retail company engaged in the sale of smartphones and related electronic products. The company offers a wide range of mobile handsets from leading brands such as Apple, Samsung, Vivo, Oppo, Xiaomi, Realme, Motorola, and OnePlus.

In addition to mobile phones, the company’s retail stores offer tablets, data cards, and a comprehensive assortment of mobile accessories, including earphones, chargers, power banks, screen guards, and mobile covers, catering to diverse customer requirements.

As of the date of the DRHP, Vinit Mobile operated 32 company-owned and company-operated (COCO) retail stores across the Surat district. Its retail presence spans multiple locations including Pandesara, Kadodara, Sachin, Amroli, Hazira, Sayan, Saroli, and Nilgiri, providing localized access to its product offerings.

The company has established tie-ups with financial institutions such as Bajaj Finserv, HDB Financial Services, and TVS Credit to offer EMI and financing options to customers, subject to requisite approvals. It also supports customers with after-sales service by coordinating with authorized service centers for warranty and repair assistance.

In addition to its retail operations, Vinit Mobile is engaged in business-to-business (B2B) bulk sales of mobile phones and accessories, catering to small retailers and corporate customers.

Strength Of Vinit Mobile IPO

To be announced

Risk Of Vinit Mobile IPO

To be announced

Objectives Vinit Mobile IPO

1. Set up cost of New Stores

2. Working Capital

3. General corporate purposes

Company Contact Details

Plot no. 358, Ground, 1st & 2nd floor Gopal Nagar, Bamroli Althan Expressway, Pandesara
Surat, Gujarat , 394221
Phone: +91 9227984148
Email: compliance@vinitmobile.com
Website: http://www.vinitmobile.com/

Registrar Contact Details

Name: Bigshare Services Pvt Ltd
Phone: +91-22-62638200

Market Maker

To be announced

Vinit Mobile IPO - FAQs

The Vinit Mobile IPO is a SME public issue comprising 2160000 equity shares with a face value of ₹10 each, aggregating to a total issue size of . The issue price has been fixed at ₹0 per equity share, and the minimum application size is shares.

The IPO opens for subscription on TBA, and closes on TBA.

Bigshare Services Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the NSE

The Vinit Mobile IPO opens on TBA.

Vinit Mobile IPO lot size is , and the minimum amount required for application is ₹.

You may apply for the Vinit Mobile IPO online by using either the UPI or ASBA payment method. The ASBA facility is available through the net banking platform of your respective bank. The UPI-based IPO application option is typically provided by brokers that do not offer banking services. For detailed guidance on the online IPO application process, please refer to the procedures outlined by Zerodha, Groww, Upstox, 5Paisa, Paytm Money, Fyers, Alice Blue, Nuvama, HDFC Bank, ICICI Direct, Kotak Securities, Axis Direct, and SBI Bank.

The Basis of Allotment for the Vinit Mobile IPO is scheduled to be finalized on TBA. Subsequently, the shares allotted will be credited to investors’ demat accounts by TBA. Investors are advised to regularly check the Vinit Mobile IPO allotment status for updates.

The listing date for the Vinit Mobile IPO has not yet been officially announced. However, the tentative listing date is scheduled for TBA.

Vinit Mobile IPO Grey Market Premium (GMP) refers to the unofficial price at which the company’s IPO shares are traded in the grey market prior to their listing on the stock exchange. The GMP serves as an indicator of investor demand, expected listing gains, and the overall market sentiment toward the IPO.

As of now, the current GMP stands at TBA.

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