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