Vinit Mobile IPO, June 30 -- The initial public offering (IPO) of Vinit Mobile Ltd opened for public subscription on Tuesday. The company is a multi-brand mobile retailer, operating 35 company-owned and company-operated (COCO) retail stores across the Surat district.

The bidding for the SME IPO began on June 30, Tuesday, and will close on July 2, Thursday. The IPO allotment is expected to be finalized on July 3, Friday, while the IPO listing date is July 7, Tuesday. Vinit Mobile shares will be listed on the NSE SME platform.

Vinit Mobile IPO price band is set at Rs.150 to Rs.158 per share. The IPO lot size is 800 shares, and the minimum investment amount required by a retail investor is Rs.2,52,800. The company aims to raise Rs.34.13 cr...