Mumbai, July 7 -- The scrip was listed at Rs 155, a 1.90% discount to the initial public offer (IPO) price. The counter hit a high of Rs 155 and a low of Rs 155. About 1.51 lakh shares of the company changed hands at the counter.

Vinit Mobile's IPO was subscribed 1.58 times. The issue opened for bidding on 30 June 2026 and it closed on 2 July 2026. The price band of the IPO was fixed between Rs 150 to Rs 158 per share.

The IPO comprised 21,60,000 equity shares. The company intends to utilize the net proceeds for to establish new retail stores across strategic locations to enhance market presence and drive revenue growth, Funds will support day-to-day operational requirements, including inventory, vendor payments, and other short-term fi...