Mehul Telecom IPO Details
The Mehul Telecom IPO is a book build issue with a total issue size of ₹28 cr, comprising of fresh issue of 2685600 equity shares. Mehul Telecom IPO opened for subscription on Apr 17, 2026 and closed on Apr 21, 2026. Mehul Telecom IPO is set price band at ₹96 to ₹98 per share, with a lot size of 1200 shares. Minimum investment for Retail investors was ₹235,200.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Apr 22, 2026, and listed on both the NSE and BSE on Apr 24, 2026.
Kfin Technologies Limited has been appointed as the registrar. Cumulative Capital Private Limited are the Book Running Lead Manager for the issue.
Before investing in the Mehul Telecom IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 96 – 98
- Lot Size
- 1200
- Issue Size
- ₹28 Cr
- Minimum Investment
- ₹235200 (2400 Shares)
- Listing Date
- 24 April 2026
Current GMP
₹3 (+3.06%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Mehul Telecom Limited
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.
Mehul Telecom IPO Promoters
- Mehul Vasantbhai Raymagiya
- Raymagiya Hemali Mehulbhai
Promoters Holding
Holding Pre Issue
94.25%
Holding Post Issue
0.00%
Mehul Telecom IPO Objective
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
Book Running Lead Managers
- Cumulative Capital Private Limited
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 with a total issue size of ₹28 crore. The Mehul Telecom IPO price band is ₹96 to 98 per share. The Mehul Telecom IPO subscription opens on Fri, Apr 17, 2026, and closes on Tue, Apr 21, 2026. The Mehul Telecom IPO will be listed on the BSE. Kfin Technologies Limited is the registrar for the Mehul Telecom IPO.
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 per share.
Mehul Telecom IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹235200 based on the upper price band
The minimum investment for Mehul Telecom IPO is ₹235200, based on one lot of 1200 shares at the upper price band of ₹98 per share.
Investors can apply for the Mehul Telecom IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Tue, Apr 21, 2026. The application amount remains blocked until the Mehul Telecom IPO allotment is finalized.
Mehul Telecom IPO issue size is ₹28 crores.
Mehul Telecom IPO allotment date is Wed, Jul 1, 2026.
The registrar for Mehul Telecom IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website to check Mehul Telecom IPO allotment status, refund processing, and other IPO-related information.
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 0% over the issue price.