Surat mobile retailer Vinit Mobile opens ₹34.13 crore SME IPO at ₹150-158 band
Vinit Mobile, a multi-brand mobile retailer operating 35 COCO stores in Surat, opened its SME IPO offering 21.60 lakh shares. Day-one subscription stood at 2% with a grey market premium of ₹30 (19% over upper band). Minimum investment ₹2,52,800 (800-share lot). NSE SME listing slated for July 7.
Vinit Mobile, a multi-brand mobile retailer running 35 COCO stores in Surat, opened its ₹34.13 crore SME IPO (price band ₹150-158), subscribed 2% on day one with ₹30 GMP. NSE SME listing July 7.
Why this matters
Vinit Mobile, a multi-brand mobile retailer running 35 company-owned stores in Surat, taps public markets via an SME IPO, signaling expansion ambitions in India's regional mobile retail segment.
Retail-company signals accelerating at +434800% QoQ.