Vinit Mobile Limited, a multi-brand mobile retail company based in Surat, Gujarat, has launched its SME IPO for subscription. The book-built issue aims to raise Rs 34.13 crore through a fresh issue of 21,60,000 shares, with a price band set between Rs 150 and Rs 158 per share. The IPO opened on June 30, 2026, and will close on July 2, 2026. The company plans to list on the NSE SME platform. Comfort Securities Ltd. serves as the book-running lead manager, while Bigshare Services Pvt. Ltd. acts as the registrar.
Company Background and Operations
Incorporated in 2011 and operating under its current management since 2020, Vinit Mobile Limited has expanded from a single store to a network of 35 company-owned and company-operated (COCO) retail outlets. These outlets are located across the Surat district of Gujarat and the Jaipur district of Rajasthan, covering areas such as Pandesara, Kadodara, Sachin, Amroli, Hazira, Sayan, Saroli, and Nilgiri.
The company offers a wide selection of mobile phones from trusted brands including Apple, Samsung, OnePlus, Vivo, Oppo, Xiaomi, Realme, Motorola, and Google Pixel. In addition to smartphones, it stocks accessories like earphones, chargers, power banks, screen guards, mobile covers, tablets, and data cards.
Retail Model and Customer Services
Operating entirely under the COCO model, Vinit Mobile maintains direct oversight of all its stores to ensure consistent customer service and product availability. The stores are strategically located in high-footfall areas with dedicated product display zones for customer trials.
To enhance accessibility, the company has partnered with financial institutions such as Bajaj Finserv, HDB Financial Services, and TVS Credit to offer flexible payment options, including no-cost EMI plans. It also coordinates with authorized service centres for after-sales support, including warranty and repair assistance.
B2B Sales and Management
Beyond retail, Vinit Mobile caters to small retailers and corporate clients through bulk B2B sales of mobile phones and accessories. Its operations are supported by a centralized inventory management system and an integrated ERP platform that enables real-time monitoring across its entire store network.
The company is led by its Promoter and Chairman & Managing Director, Mr. Vinit Jalan, who brings over 15 years of experience in mobile retail. The company has received sales performance awards from OPPO, Realme, Vivo, and other leading brands.
Expansion Plans
With an eye on regional expansion, Vinit Mobile Limited is actively building a presence across key markets in India, backed by a growing portfolio of localized brand trademarks and a commitment to delivering a superior retail experience.
This press release is provided by PNN and is published as received. The Tribune assumes no responsibility for its accuracy or content.
