Mehul Telecom IPO
Open SmeCurrent GMP
₹3 (+3.06%)
Price Band
₹ 96 – 98
Lot Size
1200
Issue Size
₹28 Cr
Minimum Investment
₹235200 (2400 Shares)
Listing Date
24 April 2026
Subscription
51.08x
About the Company
Incorporated in May 2023, Mehul Telecom Private Limited is a multi-brand mobile retail chain engaged in the sale of smartphones and a wide range of connected lifestyle products and accessories. The company operates through a hybrid retail model comprising:
- COCO (Company Owned, Company Operated) Stores
- FOFO (Franchise Owned, Franchise Operated) Outlets
Business Operations
The company offers an extensive portfolio of mobile devices and electronic accessories through its retail network across Gujarat. Its operations are focused on delivering a comprehensive customer experience by combining product availability with after-sales support.
Product Portfolio
1. Smartphones and Tablets
The company deals in smartphones and tablets from leading brands operating in India, including:
MI, Samsung, Apple (iPhone), Vivo, Oppo, Realme, Nokia, OnePlus, Redmi, Nothing, Tecno, Infinix, Xiaomi, and other popular brands.
2. Accessories and Connected Devices
The company also offers a wide range of allied products and peripherals, such as:
- Smartwatches and wearables
- Audio devices (earphones, headphones, speakers)
- Mobile covers and screen guards
- Chargers and power banks
- Streaming devices (e.g., Fire TV Stick)
- Car accessories (e.g., holder clamps)
- Storage devices (e.g., pen drives)
- Extended warranty and protection plans
Workforce
As of March 31, 2026, Mehul Telecom Private Limited employs a total of 27 personnel.
Promoters
- Mehul Vasantbhai Raymagiya
- Raymagiya Hemali Mehulbhai
Promoters Holding
Holding Pre Issue
94.25%
Holding Post Issue
0.00%
Objects of the Issue
The Company Mehul Telecom IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding of working capital needs
- General corporate purposes
Address / Contact Info
Mehul Telecom Ltd.
West Gate Shop 223,
150 Ft Ring Road,
Rajkot Raiya Road,
Rajkot, Gujarat, 360007
Phone: 0281 2991223
Email: info@mehultelecom.com
Website: http://www.mehultelecom.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Friday, 17 April 2026
IPO Close Date
Tuesday, 21 April 2026
Basis of Allotment
Wednesday, 22 April 2026
Initiation of Refunds
Thursday, 23 April 2026
Credit of Shares to Demat
Thursday, 23 April 2026
Listing Date
Friday, 24 April 2026 — NSE & BSE
Important Dates
Open Date
17 April 2026
Close Date
21 April 2026
Basis Of Allotment
22 April 2026
Listing Date
24 April 2026
Financial Performance (₹ in Crores)
| Particular | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 54.41 | 0.1 | 34.41 |
| Revenue | 152.02 | 0 | 115.47 |
| Profit After Tax | 7.07 | 5.74 | -0.01 |
| Net Worth | 24.18 | 17.1 | 0.09 |
| Reserve & Surplus | 16.55 | 9.48 | -0.01 |
| Total Borrowings | 3.72 | 0.07 | 0 |
EPS Pre
7.53%
EPS Post
9.02%
P/E Pre
13.02
P/E (Post Issue)
10.86x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|
| ROE % | 34.27 | 59.84 | 99.32 | 40.95 |
| ROCE % | 34.8 | 47.16 | 42.43 | 30.05 |
| Debt / Equity | 0.15 | 0 | 0 | 0 |
| RoNW % | 29.25 | 35.31 | 71.22 | 38.45 |
| PbW | 0 | 0 | 0 | 0 |
| Pat Margin % | 4.65 | 5 | 2.05 | 0.64 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 549600 | 28.99 | 0 |
| Non-Institutional | 403200 | 21.27 | 0 |
| BNII | 268800 | 14.18 | 0 |
| SNII | 134400 | 7.09 | 0 |
| Retail Investors | 943200 | 49.75 | 0 |
| Total | 1896000 | 100 | 0 |
Subscription Status ( Tue, 21 Apr 26 01:40 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 549600 | 17860800 | 32.5x |
| Non-Institutional | 403200 | 32150400 | 79.74x |
| BNII | 268800 | 26062800 | 96.96x |
| SNII | 134400 | 6087600 | 45.29x |
| Retail Investors | 943200 | 35282400 | 37.41x |
| Total | 2299200 | 117444000 | 51.08x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Mehul Telecom Ltd | 10 | 0.00 | 8.30 | 8.30 | 35.31 | 23.49 |
| Fonebox Retail Ltd | 10 | 14.45 | 4.43 | 4.43 | 13.18 | 33.62 |
| Jay Jalaram Technologies Ltd | 10 | 17.13 | 5.27 | 5.27 | 10.02 | 56.81 |
| Bhatia Communications & Retail (India) Ltd | 1 | 18.94 | 1.10 | 1.10 | 15.56 | 7.08 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 235,200.00 |
| Retail (Max) | 2 | 2,400 | 235,200.00 |
| S-HNI (Min) | 3 | 3,600 | 352,800.00 |
| S-HNI (Max) | 8 | 9,600 | 940,800.00 |
| B-HNI (Min) | 9 | 10,800 | 1,058,400.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- Cumulative Capital Private Limited
RHP Document
DRHP Document
Anchor Investors
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Mehul Telecom IPO is a Book-building IPO worth ₹28 crores. The price band is ₹96 to 98 per share. The IPO opens on Fri, Apr 17, 2026 and closes on Tue, Apr 21, 2026. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The Mehul Telecom IPO opens on Fri, Apr 17, 2026 and closes on Tue, Apr 21, 2026
Mehul Telecom IPO Price Band is ₹96 to 98.
Mehul Telecom IPO lot size is 1200, and the minimum amount required for application is ₹235200.
The minimum investment for Mehul Telecom IPO is approximately ₹235200 based on the upper price band.
To apply for the Mehul Telecom IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Tue, Apr 21, 2026. After submission, funds are blocked until the basis of allotment of Mehul Telecom IPO is finalised.
Mehul Telecom IPO issue size is ₹28 crores.
Mehul Telecom IPO allotment date is Sat, Jun 27, 2026.
The registrar for Mehul Telecom IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to Mehul Telecom IPO through their official website or helpline.
The Mehul Telecom IPO GMP (Grey Market Premium) is ₹3 as of Fri, Apr 24, 2026. Based on the upper price band of ₹98 per share, the estimated Mehul Telecom IPO listing price is ₹101, indicating a potential listing gain of approximately 31% over the issue price.