Vinit Mobile IPO Day 2: Subscription Improves To 0.15x As Retail Interest Picks Up

Mumbai, July 1: Following the ongoing subscription period, Vinit Mobile IPO was subscribed 0.15 times by 11:10 AM on July 1, 2026 (Day 2). The book-built SME issue, which opened for bidding on June 30, 2026, will remain open for subscription until July 2, 2026.

While the issue is yet to reach full subscription, bidding activity gathered some pace on the second day. Retail participation improved over Day 1, whereas non-institutional investor (NII) demand remained subdued. Qualified institutional buyers (QIBs), excluding anchor investors, are yet to place bids.

The ₹34.13 crore IPO is entirely a fresh issue of 21.60 lakh equity shares. The company has fixed the price band at ₹150 to ₹158 per share, while investors can bid in lots of 800 shares.

Vinit Mobile IPO Subscription Status Day 2

• Overall Subscription: 0.15x
• Retail Subscription: 0.23x
• NII Subscription: 0.05x
• bNII: 0.04x
• sNII: 0.05x
• QIB (Ex-Anchor): 0.00x
• Total Applications: 188

The latest subscription data indicates that retail investors continue to account for most of the bidding activity. Although demand remains below the fully subscribed mark across all categories, the retail segment has shown noticeable improvement compared with the opening day.

Day-wise Subscription Trend

• Day 1: Overall 0.07x | Retail 0.11x | QIB 0.00x | NII 0.01x
• Day 2 (11:10 AM): Overall 0.15x | Retail 0.23x | QIB 0.00x | NII 0.05x

Overall subscription has more than doubled since Day 1, largely driven by increased retail participation. NII demand has also improved slightly, while institutional bidding is yet to begin.

IPO Details

• Issue Size: ₹34.13 crore
• Fresh Issue: 21.60 lakh equity shares
• Offer for Sale: Nil
• Price Band: ₹150 to ₹158 per share
• Lot Size: 800 shares
• Minimum Retail Investment: ₹2,52,800 (1,600 shares)
• Listing Exchange: NSE SME

Important Dates

• IPO Opening Date: June 30, 2026
• IPO Closing Date: July 2, 2026
• Tentative Allotment: July 3, 2026
• Refund Initiation: July 6, 2026
• Shares Credited To Demat Accounts: July 6, 2026
• Tentative Listing Date: July 7, 2026

About Vinit Mobile

Vinit Mobile Limited is tapping the primary market through a book-built SME issue. The proceeds from the fresh issue are expected to support the company’s expansion plans and working capital requirements.

Conclusion

Vinit Mobile IPO has witnessed a gradual improvement in subscription on Day 2, mainly supported by stronger retail participation. With the issue scheduled to close on July 2 2026, investors will closely watch whether subscription gathers momentum across the remaining categories during the final phase of bidding.

Source:

• https://nsearchives.nseindia.com/content/ipo/RHP_VMOBILE.zip