Vinit Mobile IPO Opens for Subscription; Day 1 Booking Reaches 0.02x In Early Trade

Mumbai, June 30: The Vinit Mobile IPO opened for public subscription on June 30, kicking off the company’s ₹34.13 crore book-built SME public issue. The IPO witnessed a slow start on the first day of bidding, with retail investors contributing most of the early applications while institutional participation remained limited.

According to exchange data available till 11:15 AM on June 30, the IPO was subscribed 0.02 times overall. The retail (Individual Investors) category was subscribed 0.03 times, while the NII portion was booked 0.01 times. The QIB (Ex-Anchor) segment had not received any bids during the period. The public issue will remain open until July 2.

Vinit Mobile IPO Day 1 Subscription Status

Vinit Mobile IPO Details

Vinit Mobile Limited is offering a book-built SME IPO comprising a fresh issue of 21.60 lakh equity shares, aggregating ₹34.13 crore.

• Issue Size: ₹34.13 crore
• Price Band: ₹150 to ₹158 per share
• Lot Size: 800 shares
• Issue Type: Fresh Issue
• Listing Exchange: NSE SME

Minimum Investment

Applicants can bid for:

• Retail: 1,600 shares worth ₹2,52,800
• HNI: 2,400 shares worth ₹3,79,200

Important IPO Dates

• IPO Opens: June 30, 2026
• IPO Closes: July 2, 2026
• Expected Allotment: July 3, 2026
• Refunds / Mandate Release: July 6, 2026
• Shares Credited to Demat: July 6, 2026
• Tentative Listing: July 7, 2026

About Vinit Mobile

Vinit Mobile Limited is engaged in the mobile handset and electronics distribution business, supplying smartphones, accessories and related products through its distribution network across multiple markets.

Investor Outlook

The IPO has started on a subdued note, with retail investors accounting for most of the early demand while QIB participation is yet to begin. Subscription levels are expected to change over the remaining two days of bidding before the issue closes on July 2.

Source:

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