Vinit Mobile IPO Opens Tomorrow; Check Price Band, Lot Size and Important Dates Before You Apply

Mumbai, June 29: The SME IPO pipeline remains active, with Vinit Mobile Ltd. set to open its ₹34.13 crore initial public offering (IPO) for subscription on June 30. The three-day book-built issue will stay open until July 2, while the shares are proposed to be listed on the NSE SME platform.

The Vinit Mobile IPO public issue is entirely a fresh issue of 21.60 lakh equity shares, meaning the company will use the proceeds to support its business objectives rather than provide an exit to existing shareholders.

Here’s a quick look at the IPO before bidding begins tomorrow.

Issue Details

Vinit Mobile plans to raise ₹34.13 crore through a fresh issue of 21.60 lakh equity shares.

The IPO has a price band of ₹150 to ₹158 per share, and the shares are scheduled for listing on the NSE SME platform.

Price Band and Minimum Investment

The IPO can be applied for in lots of 800 shares.

Based on the upper price band, the minimum investment is:

• Retail: 1,600 shares (2 lots) worth ₹2,52,800
• sHNI: 2,400 shares worth ₹3,79,200
• bHNI: 6,400 shares worth ₹10,11,200

Reservation Breakdown

The issue has been reserved as follows:

• Retail Investors: 12.10 lakh shares (58.95%)
• Non-Institutional Investors (NII): 8.21 lakh shares (40.00%)
• Qualified Institutional Buyers (QIB): 21,600 shares
• Market Maker: 1.08 lakh shares

Important Dates

• IPO opens: June 30, 2026
• IPO closes: July 2, 2026
• Expected allotment: July 3, 2026
• Refunds: July 6, 2026
• Shares credited to Demat accounts: July 6, 2026
• Tentative listing: July 7, 2026

About Vinit Mobile

Founded in 2011, Vinit Mobile operates a multi-brand mobile retail business. The company sells smartphones, tablets and mobile accessories from leading brands while also catering to B2B customers. It operates company-owned retail stores and offers financing options through banking and NBFC partners for eligible buyers.

What Investors Should Watch

With bidding set to begin on June 30, investors will closely track subscription levels across the retail, HNI and institutional categories over the three-day issue period. Once the IPO closes on July 2, attention will shift to allotment, followed by the company’s proposed NSE SME listing on July 7.

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Source:

• https://res.cloudinary.com/dmtuhujus/image/upload/v1782227820/Vinit_RHP_23.06.2026_VML_wcxwbv.pdf