Mehul Telecom Ltd.
SMEBSE₹96–98
₹ 20 Cr
2400 Shares
₹ 2,30,400
₹10
Financial Summary
| Particulars | FY 2024-25 | FY 2023-24 |
|---|---|---|
| 11,538.45 | 0 | |
| 8.81 | 0 | |
| 11,547.26 | 0 | |
| 10,770.76 | 0.66 | |
| 769.3 | -0.66 | |
| 573.62 | -0.66 |
Subscription Details
Subscription
IPO Timeline
IPO Offer Start
17 Apr 2026
IPO Offer Ends
21 Apr 2026
24 Apr 2026
Use of Proceeds
| # | Purpose | Amount (₹ Million) |
|---|---|---|
| 1 | Funding of working capital needs | 229.5 |
Promoters
Book Running Lead Managers
Promoter Shareholding
Pre-IPO
94.25%
Promoter stake
Post-IPO
68.74%
Promoter stake
Offered to Public
20,40,000
shares
Post Share Capital
71,84,000
shares
IPO Registrar
KFIN Technologies Ltd.
About the Company
Our Company, Mehul Telecom Limited is in the business of operating a multi-brand mobile retail chain offering smartphones and accessories through a hybrid “COCO” (Company Owned, Company Operated) and “FOFO” (Franchisee Owned, Franchisee Operated) retail model. Our retail portfolio comprises products from leading smart phone and phone accessory manufacturers viz., MI, Samsung, Vivo, Oppo, Realme, Nokia, OnePlus, Redmi, Nothing, Tecno, Intel, Infinix, Xiaomi and other popular Brands. In addition to handsets, we retail connected lifestyle products and peripherals such as wearables, audio devices, and power solutions like speakers, smartwatch, ear phones, head phones, tablets, mobile covers, phone chargers, screen guards, power banks, phone warranty plans, fire sticks, car holder clamps, pen drive etc. of various brands. Our stores support omnichannel checkout including UPI, mobile wallets, and integrated POS terminals. We operate under the brand name “Mehul Telecom”.
Use of Proceeds
1. Funding of working capital needs. 2. General corporate purposes. 3. Issue related expenses.
Mehul Telecom Ltd. Latest News
News
Mehul Telecom informs about new stores
Mehul Telecom informs about opening of new store
Mehul Telecom informs about newspaper publication
Mehul Telecom informs about opening of retail store
Mehul Telecom informs about opening of retail store
Mehul Telecom coming with IPO to raise up to Rs 27.73 crore
The issue will open on April 17, 2026 and will close on April 21, 2026
IPO FAQs
The Mehul Telecom Ltd. IPO has a total of ₹20 crore, calculated at the upper end of the .
The Mehul Telecom Ltd. IPO is priced at ₹96–98 per share. bids must fall within this , against a of ₹10 per share.
The for the Mehul Telecom Ltd. IPO is 2,400 shares, which is also the minimum order quantity — you have to apply for at least 2,400 shares, and in multiples of 2,400 beyond that.
The minimum investment in the Mehul Telecom Ltd. IPO is about ₹2,30,400 — one lot of 2,400 shares, calculated at the lower end of the .
Bidding at the cut-off or upper price raises the amount blocked in your account.
The Mehul Telecom Ltd. opens on 17 Apr 2026 and closes on 21 Apr 2026.
Applications have to be in before 5:00 PM IST on the closing day, and your UPI mandate needs to be approved by then as well.
Mehul Telecom Ltd. shares were listed on 24 Apr 2026 on BSE.
KFIN Technologies Ltd. is the for the Mehul Telecom Ltd. IPO.
The registrar processes the , refunds and the credit of shares to your demat account, so allotment-status queries go to them.
Mehul Telecom Ltd. IPO shares are listed on BSE.
Each Mehul Telecom Ltd. share has a of ₹10.
Face value is the nominal value recorded in the company's books and is separate from the issue price you pay.
held 94.25% of Mehul Telecom Ltd. before the IPO, which falls to 68.74% after the issue.
20,40,000 shares of Mehul Telecom Ltd. are being offered to the public in this issue.
The Mehul Telecom Ltd. IPO has been subscribed 41.81x overall — 32.50x, 58.75x and 37.41x.
figures update through the issue period until it closes.
- 1.Funding of working capital needs
- 2.General corporate purposes
- 3.Issue related expenses
Cumulative Capital Pvt Ltd is the book running lead manager for the Mehul Telecom Ltd. IPO.
Pre-apply means placing your Mehul Telecom Ltd. application before the subscription window actually opens. The bid is held and forwarded to the exchange on the opening day, so you don't have to submit it in the rush of the first morning.
Applying early doesn't improve your chances — when an issue is oversubscribed, the for investors is decided by a lottery, not by who applied first. Your money is only blocked once the application reaches the exchange.
You can apply in the Mehul Telecom Ltd. IPO online using either UPI or ASBA as the payment method. ASBA applications are made through the net banking of a bank account that supports IPO applications — the bank blocks the amount in your account instead of debiting it. UPI applications are offered by brokers that don't provide banking services: you enter your UPI ID and then approve the mandate request in your UPI app.
Either route needs a demat account. You bid for at least one lot, at a price within the or at the cut-off price, and the money stays blocked in your bank account until the is finalised.
Your broker or bank confirms the bid once it has been submitted to the exchange, usually within a few minutes during the bidding window. A UPI application only goes live after you approve the mandate request — ignore it and the bid lapses, even though it looks placed.
You can check the Mehul Telecom Ltd. bid independently on the NSE or BSE IPO bid-verification page a day after applying. An ASBA application also shows up as a blocked amount in your bank statement.