Vinit Mobile Limited SME IPO Open for Subscription, Looks to Raise Rs. 34.13 Crores
Surat (Gujarat) [India], June 30: Vinit Mobile Limited, a growing multi-brand mobile retail company, has announced the launch of its SME IPO...
Surat (Gujarat) [India], June 30: Vinit Mobile Limited, a growing multi-brand mobile retail company, has announced the launch of its SME IPO, currently open for subscription. Vinit Mobile IPO is a book build issue of ₹34.13 crores. The issue is entirely a fresh issue of 21,60,000 shares aggregating to ₹34.13 crore. The company has set an issue price band at ₹150 to ₹158 per share. The company will look to list on NSE SME. The issue will close on Jul 2, 2026. Comfort Securities Ltd. is the book-running lead manager, and Bigshare Services Pvt. Ltd. is the registrar of the issue.
Vinit Mobile Limited is a multi-brand mobile retail company headquartered in Surat, Gujarat, India. Incorporated in 2011 and operating under its current management since 2020, the company has grown rapidly from a single store into a network of 35 company-owned and company-operated (COCO) retail outlets spanning the Surat district of Gujarat and the Jaipur district of Rajasthan, with locations across areas including Pandesara, Kadodara, Sachin, Amroli, Hazira, Sayan, Saroli, and Nilgiri, among others.