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₹158 - 158
Vinit Mobile Ltd
RetailIPOSME
₹158 - 158
Our Company, Vinit Mobile Limited is in the business of operating a multi-brand mobile retail chain offering smartphones and accessories through "COCO" (Company Owned, Company Operated) retail model. We deal in a wide range of mobile handsets of most of the major brands in India which includes Apple, One Plus, Motorola, Samsung, Vivo, Oppo, Realme and Xiaomi etc. Alongside smartphones, our stores also deals in related products such as tablets, data cards, and a variety of accessories like earphones, chargers, power banks, screen guards and mobile covers, all available under one roof across our chain of 32 retail outlets.
Lot800Min Invest₹2,52,800Face Value₹10Issue Size₹34 CrFresh Issue₹34 CrListing Price₹155CMP₹45
Timeline
30 Jun
Bidding opens
2 Jul
Bidding closes
3 Jul
Allotment
6 Jul
Refund & demat credit
7 Jul
Listing
Subscription
Subscription opens once dates are announced
Reports
Offer Details
Terms
Issue Size₹34 Cr0.22 Cr shares
Fresh Issue₹34 Cr
Face Value₹10
Lot Size800 shares
ReservationQIB 1.05% · NII 40% · RETAIL 58.95%
Application Sizes
Retail₹2,52,8001-1 lots
sNII₹2,52,800from 2 lots
bNII₹10,11,200from 8 lots
Managers & Registrar
Lead ManagerComfort Securities Limited
RegistrarBigshare Services Pvt Ltd
Ownership & Proceeds
Shareholding
CategoryPre IPOPost IPOPromoter Group99.8%64.86%Public0.2%35.14%
Objects of the Issue
- Set up cost of New Stores
- Working Capital
- General corporate purposes
Anchor Book
30-day lock-in01-Aug-202690-day lock-in30-Sep-2026
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 0 | 29 | 60 | 72 |
| Operating ProfitCr | 0 | 1 | 5 | 8 |
| OPM% | -22.7 | 3.6 | 8.5 | 11.1 |
| PBTCr | 0 | 1 | 5 | 8 |
| PATCr | 0 | 1 | 4 | 6 |
| EPS | -1 | 720 | 3,902 | 14 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 0 | 0 | 0 | 4 |
| ReservesCr | 0 | 1 | 5 | 6 |
| BorrowingsCr | 0 | 3 | 3 | 6 |
| Fixed AssetsCr | - | - | - | 1 |
| Total AssetsCr | 0 | 7 | 13 | 30 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | 0 | -3 | 3 | -3 |
| Investing Cash FlowCr | 0 | 0 | -1 | 0 |
| Financing Cash FlowCr | 0 | 3 | -1 | 3 |
| Net Cash FlowCr | 0 | 0 | 1 | 0 |
Strengths & Risks
Strengths · as stated in the DRHP
- Multi-Brand Retailing and Partnership Opportunities.
- Own managed stores.
- Operating and financial performance growth.
- Diversified customer base.
Strategies · as stated in the DRHP
- Company Owned Company Operated Stores.
- Finance-First Selling.
- Digital Transformation.
- Omni-Channel Commerce.
- Localized Promotions and Staff Development.
Risks · as stated in the DRHP
- The Promoter was engaged in a similar line of business through proprietorship firms prior to starting the business of the company.
- Opening and closing stores is a regular part of the Company's business and depends mainly on how much revenue each store generates.
- The company is facing challenge in obtaining registration under Gujarat Shops and Establishments Act, 2019 for 4 (Four) of its premises owing to property tax issue on behalf of original owner. In case of the company inability to obtain, renew or maintain the statutory and regulatory licenses, permits and approvals required to operates its business it may has a material adverse effect on the company business.
- The Company's business is highly dependent on the brand recognition and reputation of the products its Issue. Any failures to maintain or enhance the image of these brands could has a material adverse effect on the company business, financial condition, and results of operations.
- The company Restated Financial Information is prepared and signed by the Peer Review Auditor who is not Statutory Auditors of its Company as required under the provisions of ICDR.
- The Company is significantly dependent on a limited number of suppliers for the procurement of products. Any disruption, delay, or termination of business relationships with one or more of these key suppliers could adversely affect its ability to maintain inventory levels, fulfill customer demand, and operates efficiently.