Mehul Telecom Limited IPO
Offer Date :
Ipo Details
Subscription
Lot Distribution
Reservation
Company Financials
₹3.5 (3.57%)
Premium (ELP)
The public offering of Mehul Telecom Limited's is now live, with subscription applications being processed for the 28,29,600 Shares issue. This includes 28,29,600 Shares in fresh equity capital.
Investors can currently participate at prices within the ₹96 to ₹98range, with minimum application requirements of 1200 shares. The active subscription period represents a critical phase in the company's public market journey.
Applications must be submitted by 21-04-2026 to be considered for allotment. The basis of allotment will be announced on 22-04-2026, with subsequent listing activities commencing on 24-04-2026 at the BSEtrading facility.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Mehul Telecom IPO About Company
Mehul Telecom Private Limited, incorporated in May 2023, is a multi-brand mobile retail chain that operates through a hybrid business model, combining company-owned stores with franchise-owned outlets. The company offers a wide range of products, including smartphones, tablets, connected lifestyle devices, and accessories such as earphones, smartwatches, chargers, and power banks. Its portfolio features popular brands like Samsung, Apple (iPhone), Vivo, Oppo, Realme, OnePlus, Redmi, Nothing, Infinix, and Xiaomi, giving it a strong presence in the mobile retail market. The company has built a solid retail network across Gujarat, with major revenue coming from key districts such as Rajkot and Morbi. It is focused on expanding its offline retail presence through franchise-led growth, which helps scale the business efficiently while optimizing capital investment.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
The expected premium is based on market buzz and online information. It should not be considered as the actual listing price or valuation. Always refer to the RHP and seek advice from a financial expert before making any investment decisions.
Mehul Telecom IPO Strength Factors
- Experienced leadership team: Skilled promoters and management with strong industry knowledge help drive smooth operations and support business growth.
- Strong distribution network in Gujarat: Well-established presence across important locations improves customer reach and makes products easily available.
- Wide product range: A large selection of smartphones and accessories from top brands meets different customer needs and budget segments.
Mehul Telecom IPO Risk Factors
- Store performance and expansion risk: Frequent opening and closing of stores may create challenges related to choosing the right location, estimating customer demand, and managing closure costs.
- Geographical concentration risk: Since most operations are focused in Gujarat, especially Rajkot and Morbi, the business may be affected by regional issues or market saturation.
- Limited operating history risk: As a relatively new company, it may face difficulties in expanding smoothly and building long-term business stability.
Mehul Telecom IPO Lead Manager(s)
- Cumulative Capital Private Limited
Mehul Telecom IPO Promoter(s)
- Mehul Vasantbhai Raymagiya
- Raymagiya Hemali Mehulbhai
Mehul Telecom IPO FAQs
Mehul Telecom Limited IPO subscribed 2.09 times. The public issue subscribed 1.36 times in the retail category,1.34 times in QIB, and 5.9 times in the HNI (10+) category byApril 17, 2026 9:06:09 AM (Day 17).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Mehul Telecom IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Mehul Telecom IPO FAQs
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Mehul Telecom Limited was listed on the stock exchange on 2026-04-24. The IPO was subscribed 2.09x. The last GMP for Mehul Telecom Limited IPO was ₹3.5, updated on April 17, 2026 9:06:09 AM (Day 17). As per the last GMP, the expected profit/loss for the IPO was ₹3.5.
The IPO allotment has not been confirmed yet. To check your status , Mehul Telecom IPO Allotment Status Please Click Here.
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