Mehul Telecom Ltd IPO — GMP ₹0

Important Dates

6/6 completed

Open

Allotment

Refund

Demat

Listing

Done

Open Date

17 Apr 2026

Fri Completed

Done

Close Date

21 Apr 2026

Tue Completed

Done

Allotment

22 Apr 2026

Wed Completed

Done

Refund

23 Apr 2026

Thu Completed

Done

Demat Credit

23 Apr 2026

Thu Completed

Done

Listing Date

24 Apr 2026

Fri Completed

Issue Details

Pricing & Size

Issue Price

₹98 Face ₹10

Lot Size

1,200 shares

Min Investment

₹117,600

Total Issue Size

28,29,600 shares (agg. up to ₹28 Cr)

IPO Information

Issue Type

Bookbuilding IPO

Sale Type

Fresh capital only

Listing Exchange

BSE SME

Script / Ticker

Allocation Breakdown

Market Maker

1,44,000 shares (agg. up to ₹1 Cr)

QIB Portion

1339200.00

NII / HNI

403200.00

Retail

9,42,000

Employee

Net Offer to Public

26,85,600 shares (agg. up to ₹26 Cr)

Shareholding Pattern

Pre-Issue Shareholding

76,22,000 shares

Post-Issue Shareholding

1,04,51,600 shares

Application Size

Category	Min Lots	Shares	Amount
Retail (sNII)	2	2,400	₹2,35,200
HNI / NII	3	3,600	₹3,52,800

Objects of Issue

2 objectives

Funding of working capital needs

22.95 Cr

General Corporate Purposes

Lead Managers & Market Maker

Book Running Lead Managers

Cumulative Capital Pvt.Ltd

Market Maker

Nikunj Stock Brokers Ltd

IPO Timeline

Open

17 Apr

✓ Done

21 Apr

✓ Done

Allotment

22 Apr

✓ Done

Listing

24 Apr

✓ Done

Registrar Details

Kfin Technologies Ltd

SEBI Registered Registrar & Transfer Agent

Phone

04067162222, 04079611000

mehul.ipo@kfintech.com

Website

https://ipostatus.kfintech.com/

Check Allotment Status

Company Contact

Website

https://mehultelecom.com/

info@mehultelecom.com

Phone

0281 2991223

Address

West Gate Shop 223, 150 Ft Ring Road, Rajkot Raiya Road, Rajkot, Gujarat, 360007

Grey Market Premium

LIVE

Current GMP

+₹0

+0% vs Issue Price

Issue Price

₹98

Est. Listing

₹98

Lot Size

1,200 shares

P&L / Lot

+₹0

GMP is unofficial grey market data. Does not guarantee listing price or returns.

GMP Return Calculator

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Estimated Listing

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ROI

Mehul Telecom Ltd LIVE

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| Price

Market Reference

IPO Issue Price

₹98

GMP

+₹0 (+0%)

GMP Est. Listing

₹98

Previous Close

—

Exchange

—

Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.

31.82

Overall Sub.

✅ Strong

13.95

QIB

Category-wise Subscription

Category	Sub (×)	Offered	Bid For	Amt (Cr)*
QIB	13.95×	13,39,200	1,86,79,200	₹13.12 Cr
NII / HNI (Total)	79.29×	4,03,200	3,19,71,600	₹3.95 Cr
Retail Investors	—	9,42,000	—	₹9.23 Cr
Total **	31.82×	26,85,600	8,54,50,800	₹26.32 Cr
Market Maker *	1×	1,44,000 shares (agg. up to ₹1 Cr)	1,44,000 shares (agg. up to ₹1 Cr)	₹1.41

* Based on ₹98.00 (upper price band)

NII / HNI Breakdown

Shares Reserved

QIB

13,39,200

NII

4,03,200

Retail

9,42,000

Market Maker

1,44,000 shares (agg. up to ₹1 Cr)

* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.

Financial Summary

Amount in ₹ Crore

Metric	31 Dec 2025	31 Mar 2025	31 Mar 2024
Revenue	152.02	—	115.47
PAT	7.07	5.74	-0.01
EBITDA	9.71	8.02	3.04
Net Worth	24.18	17.10	0.09
Total Assets	54.41	0.10	34.41
Reserves	16.55	9.48	-0.01
Borrowings	3.72	0.07	—

Key Financial Ratios

34.27

ROE

Return on Equity

34.80

ROCE

Return on Capital Employed

29.25

RONW

Return on Net Worth

4.65

PAT Margin

PAT / Revenue

6.39

EBITDA Mgn

EBITDA / Revenue

0.15

D/E Ratio

Debt to Equity

7.53

Pre EPS

EPS Pre-Issue

9.02

Post EPS

EPS Post-Issue

13.02

Pre P/E

P/E Pre-Issue

10.86

Post P/E

P/E Post-Issue

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 Team
Extensive Distribution Network in Gujarat
Comprehensive Product Range
Strategic Store Locations and Customer Experience
Low Capital Requirements for Growth

Frequently Asked Questions

What is the issue price of Mehul Telecom Ltd IPO?

The issue price of Mehul Telecom Ltd IPO is ₹98 per share, face value ₹10.

What is the lot size?

Minimum lot size is 1,200 shares, requiring ₹117,600.

What are the IPO dates?

Opens 17 Apr 2026, closes 21 Apr 2026.

When is the listing date?

Tentative listing: 24 Apr 2026 on BSE SME.

What is the current GMP?

Current GMP is +₹0, estimated listing ₹98 (+0%). GMP is unofficial.

How to apply?

Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Mehul Telecom Ltd IPO · Expected 22 Apr 2026

Check on Registrar

Post-IPO Timeline

Allotment Date

22 Apr 2026

Refund Initiation

23 Apr 2026

Demat Credit

23 Apr 2026

Listing Date

24 Apr 2026

Live Price LIVE

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Quick Facts

Closed

GMP Signal

Bullish

+₹0

+0%

Issue Price

₹98

Face ₹10

Lot Size

1,200

shares / lot

Min Amount

₹117,600

1 lot

Est. Listing

₹98

GMP +₹0

Subscription

Overall31.82×

QIB13.95×

NII79.29×

Key Dates

Open

17 Apr Done

21 Apr Done

Listing

24 Apr Done

Registrar

Kfin Technologies Ltd