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Telecom - Infrastructure · Listed on BSE · 17 Apr 2026 - 21 Apr 2026
Jagat JoshiSince 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 “COCO” (Company Owned, Company Operated) and “FOFO” (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.
| Date & Time | GMP (₹) | Est. Listing Price | Est. Gain (%) | Est. Profit / Lot (₹) |
|---|---|---|---|---|
| 24-Apr-2026 12:00 PM | +₹3 | ₹101 | +3.06% | ₹3,600 |
| 23-Apr-2026 12:00 PM | +₹3 | ₹101 | +3.06% | ₹3,600 |
| 22-Apr-2026 12:00 PM | +₹3 | ₹101 | +3.06% | ₹3,600 |
| 21-Apr-2026 12:00 PM | +₹5 | ₹103 | +5.10% | ₹6,000 |
| 20-Apr-2026 12:00 PM | +₹5 | ₹103 | +5.10% | ₹6,000 |
| 18-Apr-2026 12:00 PM | +₹4.5 | ₹102.5 | +4.59% | ₹5,400 |
| 17-Apr-2026 12:00 PM | +₹4.5 | ₹102.5 | +4.59% | ₹5,400 |
| 16-Apr-2026 12:00 PM | +₹4 | ₹102 | +4.08% | ₹4,800 |
| 14-Apr-2026 10:00 AM | +₹0 | ₹98 | +0.00% | ₹0 |
| 12-Apr-2026 10:00 AM | +₹0 | ₹98 | +0.00% | ₹0 |
| 11-Apr-2026 10:00 AM | +₹0 | ₹98 | +0.00% | ₹0 |
| Category | Subscription (x) | Shares Offered | Shares bid for | Total Amount (₹ Cr) |
|---|---|---|---|---|
| QIB (Ex. Anchor) | 32.50x | 5,49,600 | 1,78,60,800 | ₹175.04 Cr |
| NII | 79.38x | 4,03,200 | 3,20,06,400 | ₹313.66 Cr |
| bNII > ₹10L | 96.42x | 2,68,800 | 2,59,18,800 | ₹254.00 Cr |
| sNII < ₹10L | 45.29x | 1,34,400 | 60,87,600 | ₹59.66 Cr |
| Retail | 37.41x | 9,43,200 | 3,52,82,400 | ₹345.77 Cr |
| Total | 44.91x | 18,96,000 | 8,51,49,600 | ₹834.47 Cr |
| Period Ended | 31 DEC 2025 | 31 MAR 2025 | 31 MAR 2024 |
|---|---|---|---|
| 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 | 17.10 | 0.09 |
| Reserves and Surplus | 16.55 | 9.48 | -0.01 |
| Total Borrowing | 3.72 | 0.07 | — |
| Company Name | EPS (₹) | P/E (x) | NAV (₹) | RoNW (%) | Income (₹ Cr) |
|---|---|---|---|---|---|
| Bhatia Communications & Retail (India) Limited | 1.10 | 21.86 | 7.08 | 15.56 | 442.72 |
| Jay Jalaram Technologies Limited | 2.87 | 54.98 | 56.81 | 10.02 | 339.09 |
| Fonebox Retail limited | 4.43 | 20.96 | 33.62 | 13.18 | 342.73 |
Mehul Vasantbhai Raymagiya, Raymagiya Hemali Mehulbhai are the company's promoters of Mehul Telecom Limited.
| Particular | Pre IPO | Post IPO |
|---|---|---|
| Promoter and Promoter Group | 94.25% | 68.74% |
| Others* | 5.75% | 31.26% |
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