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Mehul Telecom Ltd.

SMEBSE
ListedListed on 24 Apr 2026+10.2%

₹96–98

₹ 20 Cr

2400 Shares

₹ 2,30,400

₹10

Financial Summary

Standalone(in ₹ million)
ParticularsFY 2024-25FY 2023-24
11,538.450
8.810
11,547.260
10,770.760.66
769.3-0.66
573.62-0.66

Subscription Details

41.81xTotal
Subscription
37.41x
58.75x
32.50x
0.00x

IPO Timeline

IPO Offer Start

17 Apr 2026

IPO Offer Ends

21 Apr 2026

24 Apr 2026

Use of Proceeds

#PurposeAmount (₹ Million)
1Funding of working capital needs229.5

Promoters

Mehul Vasantbhai RaymagiyaRaymagiya Hemali Mehulbhai

Book Running Lead Managers

Cumulative Capital Pvt Ltd

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

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.