Mehul Telecom Limited Link 
Allotment
The Mehul Telecom IPO is a book-built issue valued at ₹27.73 crore, comprising entirely a fresh issue of 0.28 crore equity shares.
The IPO will open for subscription on April 17, 2026, and close on April 21, 2026. The allotment is expected to be finalized on April 22, 2026, while the company is scheduled to list on the BSE SME platform with a tentative listing date of April 24, 2026.
The company has fixed a price band of ₹96 to ₹98 per share. Investors can apply in a lot size of 1,200 shares. For retail investors, the minimum investment requirement is 2 lots (2,400 shares), which amounts to approximately ₹2,35,200 at the upper price band.
For High Net-worth Individuals (HNIs), the minimum application size is 3 lots (3,600 shares), requiring an investment of around ₹3,52,800.
Cumulative Capital Pvt. Ltd. is acting as the book running lead manager for the issue, while Kfin Technologies Ltd. has been appointed as the registrar. The market maker for the IPO is Nikunj Stock Brokers Ltd.
₹98
0%
Open
₹98
HIgh - Low
₹96
Previous Close
₹98
Total Traded Value
0
52 Weeks High
₹98
52 Weeks Low
₹98
Updates On
Apr 11, 2026
IPO. Open
Apr 17, 2026
IPO. Close
Apr 21, 2026
IPO. Price
₹98.00
IPO Market price
₹102.43 Cr
IPO Details
| IPO Date | 24 Apr |
| IPO Listing Date | 24 Apr |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹98.00 |
| IPO Issue Size | 28,29,600 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE SME Platform |
| Share Holding Pre Issue | 76,22,000 shares |
IPO Timeline
| IPO Open Date | 17 Apr |
| IPO Close Date | 21 Apr |
| IPO Allotment (Tentative) | 22 Apr |
| Refunds | 23 Apr |
| Credit to Demat Account | 23 Apr |
| IPO Listing Date | 24 Apr |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 13,39,200 Shares |
| NII (HNI) Shares Offered | 4,03,200 Shares |
| Retail Shares Offered | 9,43,200 Shares |
IPO Lot Size
Investors must apply for a minimum of 2,400 shares, with bids accepted in multiples of 1,200 shares thereafter.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | ₹2,35,200 |
| Retail (Max) | 2 | 2,400 | ₹2,35,200 |
| S-HNI (Min) | 3 | 3,600 | ₹3,52,800 |
| S-HNI (Max) | 8 | 9,600 | ₹9,40,800 |
| B-HNI (Min) | 9 | 10,800 | ₹10,58,400 |
Mehul Telecom Private Limited, incorporated in May 2023, operates as a multi-brand mobile retail chain offering a wide range of smartphones and accessories. The company follows a hybrid retail strategy combining the “COCO” (Company Owned, Company Operated) model and the “FOFO” (Franchisee Owned, Franchisee Operated) model.
The company focuses on retailing connected lifestyle products and mobile peripherals, including wearables, audio devices, and power solutions. Its product lineup features items such as speakers, smartwatches, earphones, headphones, tablets, mobile covers, chargers, screen guards, power banks, warranty plans, fire sticks, car holder clamps, and pen drives from multiple leading brands.
Product Portfolio:
The company offers a broad range of products from leading brands operating in India, including:
Smartphones and Tablets from brands like MI, Samsung, Apple (iPhone), Vivo, Oppo, Realme, Nokia, OnePlus, Redmi, Nothing, Tecno, Infinix, Xiaomi, and others popular in Gujarat
Accessories and peripherals such as audio devices, wearables, chargers, and mobile add-ons from the same major brands
Workforce:
As of March 31, 2026, the company had a total workforce of 27 employees.
Competitive Strengths
Experienced promoters and management team
Strong distribution network across Gujarat
Wide and diversified product portfolio
Strategically located retail stores enhancing customer experience
Asset-light model enabling low capital requirements for expansion
Company Financials (Consolidated)
| Assets | 54.41 | 34.41 | 0.1 |
| Total Income | 152.02 | 115.47 | |
| Profit After Tax | 7.07 | 5.74 | -0.01 |
| EBITDA | 9.71 | 8.02 | 3.04 |
| NET Worth | 24.18 | 17.1 | 0.09 |
| Reserves and Surplus | 16.55 | 9.48 | -0.01 |
| Total Borrowing | 3.72 | 0.07 |
Key Performance Indicator (KPI)
| ROE | 34.27% |
| ROCE | 34.80% |
| Debt/Equity | 0.15 |
| RoNW | 29.25% |
| PAT Margin | 4.65% |
| EBITDA Margin | 6.39% |
| Price to Book Value |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | ₹22.95 |
| 3 | To meet out the General Corporate Purposes; | - |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Mehul Telecom Ltd. Address
West Gate Shop 223,
150 Ft Ring Road,
Rajkot Raiya Road,
Rajkot, Gujarat, 360007
0281 2991223
info@mehultelecom.com
https://www.mehultelecom.com/
Detail Registrar
IPO Registrar
Kfin Technologies Ltd.
04067162222, 04079611000
mehul.ipo@kfintech.com
https://ipostatus.kfintech.com/
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