Mehul Telecom IPO opens for subscription on Apr 17, 2026, and closes on Apr 21, 2026. The allotment for the Mehul Telecom IPO is expected to be finalised on Apr 22, 2026. Mehul Telecom IPO will list on the BSE SME with a tentative listing date fixed as Apr 24, 2026.
Mehul Telecom IPO is a book build issue of ₹27.73 crores. The issue is entirely a fresh issue of 0.28 crore shares of ₹27.73 crore.
Mehul Telecom IPO is set issue price band at ₹96 to ₹98 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,35,200 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,52,800.(IPO UPDATES)
| IPO Open Fri, Apr 17, 2026 | IPO Close Tue, Apr 21, 2026 | Price Band ₹96 to ₹98 | Market Cap (Pre-IPO) ₹102.43 Cr |
📅 Mehul Telecom IPO Dates
| Event | Date |
|---|---|
| IPO Open Date | 17 April 2026 |
| IPO Close Date | 21 April 2026 |
| Allotment Date | 22 April 2026 |
| Listing Date | 24 April 2026 |
👉 The IPO will be listed on the BSE SME platform.
💰 Mehul Telecom IPO Price Band & Issue Size
| Details | Information |
|---|---|
| Price Band | ₹96 to ₹98 per share |
| Face Value | ₹10 per share |
| Issue Size | ~₹26.32 – ₹28 Crore |
| Issue Type | Book Building Issue |
| Fresh Issue | 100% Fresh Issue |
📊 Mehul Telecom IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2,400 | ₹2,35,200 |
| S-HNI | 3 | 3,600 | ₹3,52,800 |
| B-HNI | 9 | 10,800 | ₹10,58,400 |
👉 Investors must apply for minimum ₹2.35 lakh investment.
🏢 About Mehul Telecom Limited
Mehul Telecom Limited is a multi-brand mobile retail chain operating under a hybrid model:
- COCO (Company Owned Company Operated)
- FOFO (Franchisee Owned Franchisee Operated)
Key Business Highlights:
- Sells smartphones and accessories
- Offers products like:
- Smartwatches
- Earphones & headphones
- Chargers & power banks
- Mobile covers & screen guards
- Operates 60+ stores in Gujarat
📈 Mehul Telecom IPO Financials (₹ Crore)
| Year | Revenue | Profit (PAT) |
|---|---|---|
| 2024 | 115.47 | -0.01 |
| 2025 | 121.02+ | 6.04 |
| Dec 2025 | 152.02 | 7.07 |
👉 The company has shown strong growth in revenue and profitability.
📊 Key Ratios (KPI)
| KPI | Value |
|---|---|
| ROE | ~34% |
| ROCE | ~34% |
| PAT Margin | ~4.65% |
| Debt/Equity | 0.15 |
👉 Indicates efficient capital usage and low debt.
🎯 Objects of the Issue
The company plans to utilize IPO funds for:
- Working capital requirements (~₹22.95 Cr)
- General corporate purposes
📊 Mehul IPO Reservation Quota
| Category | Allocation |
|---|---|
| QIB | ~50% |
| Retail | ~35% |
| HNI | ~15% |
🔥 Mehul Telecom IPO GMP (Grey Market Premium)
- Latest GMP: ₹0 (as per recent data)
- Expected Listing Gain: Neutral
👉 GMP is currently flat, indicating no strong listing premium expectation.
⭐ Mehul Telecom IPO Review
✅ Positives:
- Growing telecom retail sector
- Strong revenue growth
- Low debt company
- Expanding franchise model
⚠️ Risks:
- SME IPO (high risk & low liquidity)
- Low profit margins
- Heavy competition in mobile retail
👉 Overall Review: ( According to Market Rumors*)
- ⭐ Rating: 3/5
- Suitable for: Long-term investors with high risk tolerance
📌 Should You Apply?
👉 You can consider applying if:
- You are comfortable with SME IPO risk
- Looking for long-term growth
👉 Avoid if:
- You want listing gains
- You prefer stable large-cap IPOs
Disclaimer
The information shared here is intended solely for educational and general awareness purposes. Any securities, investments, or IPO-related details mentioned should not be interpreted as financial advice or investment recommendations. Readers are encouraged to conduct their own independent research or seek guidance from a qualified financial professional before making investment decisions.
IPO-related updates are provided for informational use only. Market trends, past performance, or investor interest do not ensure future outcomes. We are not registered with SEBI. Investments in IPOs and the securities market involve inherent risks, and individuals should carefully evaluate their financial situation or consult a certified financial advisor before investing.
