Vinit Mobile Ltd. Receives the NSE SME Approval for IPO
Vinit Mobile Ltd. has successfully obtained in-principle approval from Initial Public Offer (IPO) for its Draft Red Herring Prospectus (DRHP), paving the way for its Initial Public Offering (ipo).
consists solely of fresh issue of 0.22 crore equity shares worth ₹34.13 crores. with each share carrying a face value of ₹10.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Set up cost of New Stores | 0.62 |
| 2 | Working Capital | 23.75 |
| 3 | General Corporate Purposes | |
| Total | 24.37 |
The company officially filed its draft papers on December 25, 2025, marking another significant milestone in its journey towards raising funds through the IPO.
Financial Performance Highlights:
Vinit Mobile Ltd.’s total income grew by 112%, reached ₹60.63 crore in Mar 31, 2025, compared to ₹28.59 crore in Mar 31, 2024.
For the same period, profit after tax jumped 442% to ₹3.90 crore, compared to ₹0.7199 crore.
For the latest period ended on Dec 31, 2025, its total income stood at ₹56.01 crore and PAT stood at ₹5.11 crore.
