Mehul Telecom Limited IPO
Mehul Telecom Limited IPO
SME BSE SME 100% Book Built Offer
Closed

Price Band

₹96 - ₹98

Total Issue

₹28 Cr

Bid Dates

17 Apr - 21 Apr

Subscription

44.91x

Est. GMP

₹4 (4.08%)

Website RHP Check Allotment

Valuation

Market Cap

₹102.43 Cr

P/E Ratio

11.81x

P/B Ratio

4.17x

Mehul Telecom IPO Dates

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Mehul Telecom Limited is a Gujarat-based retail chain specializing in multi-brand smartphones, electronics, and lifestyle accessories. Headquartered in Rajkot, it operates 80 stores statewide through a hybrid model: 6 Company-Owned (COCO) and 74 Franchisee-Owned (FOFO) outlets. The company retails top brands like Samsung and Xiaomi, alongside home appliances like TVs and ACs, utilizing omnichannel checkout.

Mehul Telecom IPO Lot Size

Lot Information for Mehul Telecom IPO
Category Lots Shares Amount
Ind (Min) 2 2,400 ₹2,35,200
Ind (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
Allocate Funds
Market Maker
1,44,000 EQ Shares
Employee
₹0.00
Shareholder
₹0.00

Mehul Telecom IPO Size

Total ₹27.73 Cr
Fresh Issue
₹28 Cr (0.28 Cr Shares)
Offer For Sale
₹0 (0.00 Shares)

Objects of the Issue

Funding working capital needs

₹22.95 Cr

General corporate purposes & issue expenses

₹4.78 Cr

Mehul Telecom IPO IPO Live Subscription

Updated as on 21 Apr 2026 | 06:57:44 PM

Mehul Telecom IPO IPO Subscription Status (BSE SME)
Category Sub (x) Offered Bids
QIB 32.50x 5,49,600 1,78,60,800
NII 79.38x 4,03,200 3,20,06,400
bHNI 96.42x 2,68,800 2,59,18,800
sHNI 45.29x 1,34,400 60,87,600
Individual Investor 37.41x 9,43,200 3,52,82,400
Total 44.91x 18,96,000 8,51,49,600

Mehul Telecom IPO IPO Details Live GMP

GMP ₹4
Est. Price ₹102
Est. Gain 4.08%

Mehul Telecom IPO Peer Comparison

(Rs. in crores)

Mehul Telecom IPO Peer Comparison Table
Particulars Mehul Telecom Fonebox Retail Jay Jalaram Bhatia Com
Revenue 120.89 2,342.74 339.09 442.72
PAT 6.04 4.55 6.76 13.79
EPS (₹) 8.30 4.43 5.27 1.10
NAV (₹) 23.49 33.62 56.81 7.08
RONW 35.31% 13.18% 10.02% 15.56%
EBITDA 6.63% 2.16% 2.11% 4.94%
PAT Mrgn 5.00% 1.33% 1.01% 3.11%
PE Ratio 11.81 14.45 17.13 18.94

Mehul Telecom IPO IPO Financial Performance

(Rs. in crores)

Financial Performance Metrics for Mehul Telecom IPO
Particulars Dec-25 Mar-25 Mar-24
Revenue 151.99 115.38 -
PAT 7.07 5.74 -0.01
Net Worth 24.18 17.10 0.09
Borrowings 3.72 0.07 -
Assets 54.41 34.41 0.10
NAV (₹) 31.72 23.49 4.81
EPS (₹) 9.28 8.30 3.43

Key Performance Indicators (KPIs)

EBITDA

6.63%

PAT

5.00%

ROE

59.84%

ROCE

47.16%

Promoter Holding

Promoter

94.25%

Public

5.75%

Mehul Vasantbhai Raymagiya 52.27%
Raymagiya Hemali Mehulbhai 41.98%

Management

Mehul Vasantbhai Raymagiya Chairman & MD
Chaudhari Irfan Husenbhai CFO

Registrar & Lead Managers

Registrar

KFin Technologies

Lead Managers (1)

Cumulative Capital

Company Details

Name: Mehul Telecom Limited

Address: West Gate Shop 223, 150 Ft Ring Road, Rajkot Raiya Road, Rajkot, Gujarat - 360007 India

Number: 0281 2991223

Email: Info@mehultelecom.com

Website: https://www.mehultelecom.com

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Frequently Asked Questions (FAQs)

What is Mehul Telecom IPO?
Mehul Telecom IPO is a SME IPO having an issue size of ₹28 Crs. Mehul Telecom IPO is priced at ₹96 - ₹98 per share. The issue opens on 17 Apr 26 and closes on 21 Apr 26.
When will Mehul Telecom IPO open?
Mehul Telecom IPO opens on 17 Apr 26 and closes on 21 Apr 26.
What is the GMP of Mehul Telecom IPO?
The estimated Grey Market Premium of Mehul Telecom IPO is ₹4 per share (4.08%).
What is the lot size of Mehul Telecom IPO?
The minimum lot size of Mehul Telecom IPO is 1200 shares & the minimum application amount is Rs. 117600.
When is the allotment of Mehul Telecom IPO?
The allotment date of Mehul Telecom IPO is 21 Apr 26.
What is the listing date of Mehul Telecom IPO?
The listing date of Mehul Telecom IPO is 24 Apr 26.
What is the subscription of Mehul Telecom IPO?
Mehul Telecom IPO is subscribed 41.81 times.
What is the price band of Mehul Telecom IPO?
Mehul Telecom IPO is priced at ₹96 - ₹98 per share.
How to check allotment status of Mehul Telecom IPO?
Click the allotment link on Mehul Telecom IPO page of IPO360.
How to apply Mehul Telecom IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Mehul Telecom IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Mehul Telecom IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Mehul Telecom IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date