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Mehul Telecom Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed BSE SME SME Live Chart
Issue Price
₹98
Per Share
GMP
NIL
Grey Market
Est. Listing
₹98
Expected Price
Min. Application
₹235,200
2 lots × 1200 shares
IPO Issue Details
Issue Price / Price Band₹98 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,200 Shares per Lot
Total Issue Size28,29,600 shares (agg. up to ₹28 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh capital only
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenFri, 17 Apr 2026
Subscription CloseTue, 21 Apr 2026
Anchor AllotmentThu, 16 Apr 2026
Basis of AllotmentWed, 22 Apr 2026
Initiation of RefundsThu, 23 Apr 2026
Credit of Shares to DematThu, 23 Apr 2026
Listing DateFri, 24 Apr 2026
UPI Mandate Deadline5:00 PM on 21 Apr 2026 (Day 3)
Application & Investment Details
Retail — Min (2 Lots)₹2,35,200 — 2,400 shares
Retail — Max (13 Lots)₹1,528,800 (13 Lots)
HNI — Min (3 Lots)₹3,52,800 — 3,600 shares
EPS (Pre-IPO)₹7.53
EPS (Post-IPO)₹9.02
P/E Ratio (Pre-IPO)13.02x
P/E Ratio (Post-IPO)10.86x
Net Offer to Public26,85,600 shares (agg. up to ₹26 Cr)
Reserved for Market Maker1,44,000 shares (agg. up to ₹1 Cr)
Pre-IPO Promoter Holding76,22,000 shares
Post-IPO Promoter Holding1,04,51,600 shares
Fresh Issue Shares26,85,600 shares (agg. up to ₹26 Cr)
About Mehul Telecom Ltd

Incorporated in May 2023, Mehul Telecom Private Limited is multi-brand mobile retail chain offering smartphones and accessories through a hybrid “COCO” (Company Owned, Company Operated) and “FOFO” (Franchisee Owned, Franchisee Operated) retail model.The company retail connected lifestyle products and peripherals such as wearables, audio devices, and power solutions like speakers, smartwatch, ear phones, head phones, tablets, mobile covers, phone chargers, screen guards, power banks, phone warranty plans, fire sticks, car holder clamps, pen drive etc. of various brands.Business Vertical:Sales through Company Owned Company Operated Retail Stores (COCO Model)Sales through Franchise Owned Franchise Operated Outlets (FOFO Model)Product Portfolio:Smart Phones and Tablets of all major brands operational in India like MI, Samsung, iPhone, Vivo, Oppo, Realme, Nokia, OnePlus, Redmi, Nothing, Tecno, Intel, Infinix, Xiaomi and other popular Brands in Gujarat.Allied accessories like speakers, smartwatch, ear phones, head phones, tablets, mobile covers, phone chargers, screen guards, power banks, phone warranty plans, fire sticks, car holder clamps, pen drive of all major brands operational in India like MI, Samsung, Vivo, Oppo, Realme, Nokia, OnePlus, Redmi, Nothing, Tecno, Intel, Infinix, Xiaomi and other popular Brands in Gujarat.As of March 31, 2026, the company had a workforce of 27 personnel.Competitive Strengths:Experienced Promoters and Management TeamExtensive Distribution Network in GujaratComprehensive Product RangeStrategic Store Locations and Customer ExperienceLow Capital Requirements for Growth

Objects of the Issue

Mehul Telecom Ltd proposes to utilise the net proceeds from the Issue for the following objects:

1
Funding of working capital needs
22.95
2
General Corporate Purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding 76,22,000 shares
Post-IPO Promoter Holding 1,04,51,600 shares
Check AllotmentCheck Status →
Mehul Telecom Ltd — Live Price LIVE
₹98.00
INR · BSE
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Issue ₹98.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹98
GMPNIL
Est. Listing₹98
Lot Size1,200 shares
Min Amount₹235,200
Listing Date24 Apr 2026
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹98
Listing Date24 Apr 2026
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
QIB (Ex Anchor) 1,339,200 ₹13.12 Cr 13.95x
NII / HNI 403,200 ₹3.95 Cr 79.29x
Market Maker 144,000 ₹1.41 Cr
TOTAL 2,685,600 100.00% ₹26.32 Cr 31.82x
* Based on ₹98.00 (upper price band)
Day-wise Subscription
QIB
13.95x
NII / HNI
79.29x
Total
31.82x
Subscribed
Lot Size & Investment Details
Lot Size
1,200
Shares
Issue Price
₹98.00
Per Share
Min Investment
₹117,600
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 1,200 ₹117,600
Retail (Max) 13 15,600 ₹1,528,800
sNII (Min) 14 16,800 ₹1,646,400
bNII (Min) 68 81,600 ₹7,996,800
Company Financials — Restated Consolidated (Amount in ₹ Crore)
Particulars31 Dec 202531 Mar 202531 Mar 2024
Revenue from Operations 152.02 N/A 115.47
EBITDA 9.71 8.02 3.04
Profit After Tax (PAT) 7.07 5.74 -0.01
Net Worth 24.18 17.10 0.09
Total Assets 54.41 0.10 34.41
Reserves & Surplus 16.55 9.48 -0.01
Total Borrowings 3.72 0.07 N/A
Key Ratios & Valuation
Issue Price ₹98
Face Value ₹10 Per Share
P/BV N/A
RoE 34.27
RoCE 34.80
RoNW 29.25
PAT Margin (%) 4.65
EBITDA Margin (%) 6.39
Debt / Equity 0.15
Company Details
Company
Mehul Telecom Ltd
Exchange
BSE SME
IPO Type
SME IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
West Gate Shop 223, 150 Ft Ring Road, Rajkot Raiya Road, Rajkot, Gujarat, 360007
Book Running Lead Managers
Cumulative Capital Pvt.Ltd
Book Running Lead Manager (BRLM)