Vinit Mobile Ipo
Vinit Mobile IPO Review & Key Points
Review: Neutral
IPO Lead Managers aka Merchant Bankers
Comfort Securities Ltd.
| Name of the Company | Face Value (₹) | EPS basic (₹) | EPS Diluted (₹) | RONW (%) | P/E Ratio | NAV (₹) |
| Powerica Limited | 5 | 15.26 | 15.26 | 15.37 % | 24.45 | 99.76 |
| Listed Peers | ||||||
| Cummins India Limited | 2 | 72.15 | 72.15 | 26.45% | 64.13 | 272.78 |
| Kirloskar Oil Engines Limited | 2 | 33.71 | 33.60 | 15.85% | 43.24 | 212.60 |
| NTPC Green Energy Limited | 10 | 0.67 | 0.67 | 2.58% | 129.40 | 21.88 |
| Acme Solar Holdings Limited | 2 | 4.55 | 4.53 | 5.59% | 50.74 | 74.54 |
| Adani Green Energy Limited | 10 | 8.37 | 8.37 | 11.90% | 101.53 | 76.62 |
| IPO Open Date | June 30, 2026 |
| IPO Close Date | July 2, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹150 to ₹158 Per Share |
| Issue Size | Approx ₹34.13 Crores |
| Fresh Issue | Approx ₹34.13 Crores |
| Issue Type | Bookbuilding Issue |
| IPO Listing | NSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 1,600 | ₹2,52,800 |
| Retail Maximum | 2 | 1,600 | ₹2,52,800 |
| S-HNI Minimum | 3 | 2,400 | ₹3,79,200 |
| S-HNI Maximum | 7 | 5,600 | ₹8,84,800 |
| B-HNI Minimum | 8 | 6,400 | ₹10,11,200 |
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | 21,600 Shares | 1.00% |
| NII Shares Offered | 8,20,800 Shares | 38.00% |
| Retail Shares Offered | 12,09,600 Shares | 56.00% |
| IPO Open Date: | June 30, 2026 |
| IPO Close Date: | July 2, 2026 |
| Basis of Allotment: | July 3, 2026 |
| Refunds: | July 6, 2026 |
| Credit to Demat Account: | July 6, 2026 |
| IPO Listing Date: | July 7, 2026 |
| IPO Bidding Cut-off Time: | July 2, 2026 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 40,10,000 | 99.80% |
| Promoter Holding Post Issue | 61,70,000 | -% |
| Purpose | Crores |
| Set up cost of New Stores | ₹0.62 |
| Working Capital | ₹23.75 |
| General Corporate Purpose | ₹- |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ₹28.59 | ₹27.62 | ₹0.72 | ₹7.41 |
| 2025 | ₹60.63 | ₹55.42 | ₹3.90 | ₹13.34 |
| Dec 2025 | ₹56.01 | ₹49.20 | ₹5.11 | ₹25.04 |
| KPI | Values |
| ROE: | 84.78% |
| ROCE: | 73.66% |
| EBITDA Margin: | 9.53% |
| PAT Margin: | 6.44% |
| Debt to equity ratio: | 0.66 |
| Earning Per Share (EPS): | ₹9.73 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 84.78% |
| Net Asset Value (NAV): | ₹11.48 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Bhatia Communications & Retail (India) Limited | 1.10 | 24.25 | 15.60% | 7.07 | 442.72 Cr. |
| Fonebox Retail Limited | 4.43 | 22.20 | 13.18% | 33.69 | 342.73 Cr. |
| Umiya Mobile Limited | 5.42 | 14.02 | 40.51% | 13.69 | 601.17 Cr. |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹184.81 | ₹154.97 | ₹32.10 | ₹251.58 |
| 2024 | ₹206.45 | ₹175.85 | ₹34.44 | ₹339.25 |
| 2025 | ₹322.58 | ₹261.43 | ₹28.13 | ₹455.49 |
| Dec 2025 | ₹236.50 | ₹186.96 | ₹38.69 | ₹561.34 |