Mehul Telecom IPO was subscribed 44.91 times on the last day. A retail quota was subscribed to over 37.41 times, and NII was subscribed to over 79.38 times, respectively. The QIB was 32.50 times subscribed on the last day.Ā
Mehul Telecom IPO Listing Details
| Listing Date | April 24, 2026 |
| BSE Code | – |
| ISIN Code | – |
| Offer Price | ā¹96 to ā¹98 |
| Face Value | ā¹10 |
| Listing Price | – |
Details About Mehul Telecom IPOĀ Ā Ā
Mehul Telecom IPO received SEBI approval for an IPO worth ā¹28 crores via fresh issue with the face value of ā¹10 each.
Further, the Mehul Telecom IPO had a set price band of ā¹96 to ā¹98 per share.
Mehul Telecom IPO consists of 2,400 shares in 2 lot sizes for retail minimum and maximum categories.
S-HNI Minimum has a share of 3,600 in a 3-lot size. S-HNI Maximum has 9,600 shares in 8 lot sizes. While 10,800 shares were in 9 lot sizes for the B-HNI category.
To invest in the Mehul Telecom IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum and maximum investment of ā¹2,35,200.Ā Ā
- SHNI (S-HNI): Minimum investment of ā¹3,52,800.Ā
- S-HNI Maximum investment of ā¹9,40,800.Ā
- B-HNI Minimum investment of ā¹10,58,400.Ā
Mehul Telecom IPO Subscription DurationĀ
Mehul Telecom IPO opened on April 17, 2026, and closed on April 21, 2026. The Mehul Telecom IPO allotment date was scheduled on April 22, 2026. The Mehul Telecom IPO listing date is on April 24, 2026.
Mehul Telecom IPO funds deploymentĀ
- The proceeds of the fresh issue will be used towards working capital needs.Ā
- Lastly, the remaining funds will be used for general corporate purposes.
About the Mehul Telecom IPO CompanyĀ Ā
Mehul Telecom, founded in 2023, is one of the growing mobile retail chain companies that sells smartphones and related accessories. The company sells its products via 2 business models, hybrid āCOCOā (Company Owned, Company Operated) and āFOFOā (Franchisee Owned, Franchisee Operated) retail model.
Founded by Mr. Mehul Raimagiya, the firm also offers a wide range of phone accessories along with smartphones, such as speakers, smartwatches, earphones, headsets, tablets, mobile covers, phone chargers, screen guards, power banks, fire sticks, car holders, and pen drives of major brands. Its product portfolio includes smartphones and tablets of all famous brands, including MI, Samsung, iPhone, Vivo, Oppo, Realme, Nokia, OnePlus, Redmi, Nothing, Tecno, Intel, Infinix, Xiaomi, and other brands.
Mehul Telecom IPO Company Financial Report
The company reported revenue of ā¹121.02 crores in 2025 against ā¹107.37 crores in 2024. The company reported a profit of ā¹6.04 crores in 2025 against a profit of ā¹2.19 crores in 2024.
