Vinit Mobile IPO Subscribed 1.62 Times on Day 3

Vinit Mobile Limited's initial public offering (IPO) closed its three-day subscription window at 1.62 times overall subscription by 5:15 PM on Day 3 (July 2, 2026). The ₹34.13 crore book-build issue, priced at ₹150 to ₹158 per share, received bids for 33,14,400 shares against 20,52,000 shares on offer, with total applications reaching 1,759.

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Subscription Status of Vinit Mobile IPO

Here are the subscription details for Vinit Mobile IPO Day 3, as of 5:04 PM:

Key Highlights – Day 3

• Overall subscription crossed full subscription at 1.62 times on the final day, surging from Day 2's 0.44 times, driven by a sharp last-day surge in individual investor demand.
• Individual investors led at 2.18 times, surging from Day 2's 0.54 times, reflecting strong retail demand for this multi-brand mobile retail SME IPO on the closing day.
• Non-institutional investors improved to 0.80 times from Day 2's 0.29 times, with bNII crossing full subscription at 2.91 times against sNII's subdued 0.26 times.
• Qualified institutional buyers (ex-anchor) maintained full subscription at 1.00 times, unchanged from Day 2.

Key Highlights – Day 2

• Overall subscription reached 0.44 times, improving from Day 1's 0.07 times.
• Qualified institutional buyers (ex-anchor) crossed full subscription at 1.00 times, entering the issue on Day 2 after no participation on Day 1.
• Individual investors improved to 0.54 times from Day 1's 0.11 times.
• Non-institutional investors improved to 0.29 times from Day 1's 0.01 times, with bNII at 1.05 times and sNII at 0.10 times.
   

Key Highlights – Day 1

• Overall subscription reached 0.07 times on Day 1 (June 30, 2026), reflecting very subdued initial investor interest in this multi-brand mobile retail SME IPO.
• Individual investors showed the strongest opening participation at 0.11 times on Day 1.
• Non-institutional investors showed negligible participation at 0.01 times on Day 1.
• Qualified institutional buyers (ex-anchor) showed no participation on Day 1.

About Vinit Mobile Limited

Incorporated in 2011, Vinit Mobile Limited is a multi-brand mobile retail company operating 35 COCO stores across Surat district, offering mobile phones from brands including Apple, Samsung, Vivo, Oppo, Xiaomi, Realme, Motorola, and OnePlus, along with tablets, data cards, and accessories. The company also undertakes B2B bulk sales to small retailers and corporate customers, and has tie-ups with Bajaj Finserv, HDB Financial Services, and TVS Credit for EMI and financing options.