Mehul Telecom IPO Details
| IPO Open Date | April 17, 2026 |
| IPO Close Date | April 21, 2026 |
| Face Value | ā¹10 Per Equity Share |
| IPO Price Band | ā¹96 to ā¹98 Per Share |
| Issue Size | Approx ā¹28 Crores, 30,00,000 Equity Shares |
| Fresh Issue | Approx ā¹28 Crores, 30,00,000 Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Mehul Telecom IPO Review & Key Points
- Review:
Mehul Telecom IPO Market Lot
The Mehul Telecom IPO minimum market lot is 2,400 shares with ā¹2,35,200 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,400 | ā¹2,35,200 |
| Retail Maximum | 2 | 2,400 | ā¹2,35,200 |
| S-HNI Minimum | 3 | 3,600 | ā¹3,52,800 |
| S-HNI Maximum | 8 | 9,600 | ā¹9,40,800 |
| B-HNI Minimum | 9 | 10,800 | ā¹10,58,400 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 7,89,600 Shares | 27.91% |
| QIB (Ex. Anchor) | 5,50,800 Shares | 19.47% |
| NII Shares Offered | 4,03,200 Shares | 14.25% |
| Retail Shares Offered | 9,42,000 Shares | 33.29% |
Mehul Telecom IPO Anchor Investors
| Anchor Bidding Date | April 16, 2026 |
| Anchor Investors List | |
| Shares Offered | 7,89,600 Shares |
| Anchor Size | 7.74 Cr. |
| lock-in period end date 50% shares (30 Days) | May 22, 2026 |
| lock-in period end date 50% shares (90 Days) | July 21, 2026 |
Mehul Telecom IPO Dates
The Mehul Telecom IPO date is April 17 and the close date is April 21. The Mehul Telecom IPO allotment will be finalized on April 22 and the IPO listing on April 24.
| IPO Open Date: | April 17, 2026 |
| IPO Close Date: | April 21, 2026 |
| Basis of Allotment: | April 22, 2026 |
| Refunds: | April 23, 2026 |
| Credit to Demat Account: | April 23, 2026 |
| IPO Listing Date: | April 24, 2026 |
Promoters and Holding Pattern
The promoters of the company are Mehul Vasantbhai Raymagiya and Raymagiya Hemali Mehulbhai.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 76,22,000 | 94.25% |
| Promoter Holding Post Issue | 1,04,51,600 | 68.73% |
Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
| Funding of working capital needs | ā¹22.95 |
| General Corporate Purpose | ā¹- |
About Mehul Telecom IPO
Since its incorporation in 2023, Mehul Telecom has been a leading mobile retail chain company offering smartphones and related accessories. Founded by Mr. Mehul Raimagiya, the firm generates its sales via a hybrid āCOCOā (Company Owned, Company Operated) and āFOFOā (Franchisee Owned, Franchisee Operated) retail model.
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. Along with smartphones, the firm also sells a range of accessories, speakers, smartwatches, earphones, headsets, tablets, mobile covers, phone chargers, screen guards, power banks, fire sticks, car holders, and pen drives of major brands. Moreover, the company includes a total of 27 employees as of March 31, 2026.
Mehul Telecom IPO Company Financial Report
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | PAT |
| 2023 | ā¹80.27 | ā¹79.56 | ā¹0.51 |
| 2024 | ā¹107.37 | ā¹104.40 | ā¹2.19 |
| 2025 | ā¹121.02 | ā¹112.96 | ā¹6.04 |
| Dec 2025 | ā¹152.02 | ā¹142.50 | ā¹7.07 |
Mehul Telecom IPO Valuation – FY2025
Check Mehul Telecom IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 59.84% |
| ROCE: | 47.16% |
| EBITDA Margin: | 6.63% |
| PAT Margin: | 5.00% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ā¹8.30 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 35.31% |
| Net Asset Value (NAV): | ā¹23.49 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Fonebox Retail limited | 4.43 | 20.96 | 13.18% | 33.62 | 342.73 Cr. |
| Jay Jalaram Technologies Limited | 2.87 | 54.98 | 10.02% | 56.81 | 339.09 Cr. |
| Bhatia Communications & Retail (India) Limited | 1.104 | 21.86 | 15.56% | 7.08 | 442.72 Cr. |
IPO Lead Managers aka Merchant Bankers
- Cumulative Capital Pvt.Ltd.
Company Address
Mehul Telecom Ltd.
West Gate Shop 223,
150 Ft Ring Road,
Rajkot Raiya Road,
Rajkot, Gujarat, 360007
Phone: 0281 2991223
Email: info@mehultelecom.com
Website: http://www.mehultelecom.com/
IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: mehul.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
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Note: The Mehul Telecom IPO price band and date are officially announced. The (Mehul Telecom IPO grey market premium) will be added to the IPO GMP page as it will start).
