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Mehul Telecom IPO
Price Band
₹96.0–98.0
Issue Size
₹27.73 Cr
Lot Size
1,200 shares
Min Investment
₹235,200
2 LOTS MIN
GMP
+₹3.75 (3.83%)
Issue Price
₹98.0
Mehul Telecom IPO AI Summary
- Mehul Telecom IPO is listed on BSE SME in the Speciality Retail sector.
- Price band: ₹96.0–₹98.0 per share, lot size 1,200 shares (min. investment ₹235,200, 2 lots minimum).
- Subscription window: 17 Apr–21 Apr 2026, listing on 24 Apr 2026.
- Current GMP is +₹3.75 (3.83%), an estimated listing price of ₹102 — unofficial and can change daily.
Mehul Telecom is a new entrant in the specialty retail sector, focusing on mobile devices and accessories. With a strategic business model and a range of products from major brands, it aims to capture market share in Gujarat. The IPO presents an opportunity for investors, but as with any investment, potential subscribers should consider the associated risks.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Mehul Telecom IPO Grey Market Premium (GMP) Today
GMP
+₹3.75
GMP %
+3.83%
Est. Listing
₹101.75
Updated: 14 Jul 2026 15:52
About the Company
Incorporated in May 2023, Mehul Telecom Private Limited is 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. The company 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. Business Vertical: Sales through Company Owned Company Operated Retail Stores (COCO Model) Sales through Franchise Owned Franchise Operated Outlets (FOFO Model) Product Portfolio: Smart Phones and Tablets of all major brands operational in India like MI, Samsung, iPhone, Vivo, Oppo, Realme, Nokia, OnePlus, Redmi, Nothing, Tecno, Intel, Infinix, Xiaomi and other popular Brands in Gujarat. Allied accessories 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 of all major brands operational in India like MI, Samsung, Vivo, Oppo, Realme, Nokia, OnePlus, Redmi, Nothing, Tecno, Intel, Infinix, Xiaomi and other popular Brands in Gujarat. As of June 30, 2025, the company had a workforce of 12 personnel. Competitive Strengths: Experienced Promoters and Management Team Extensive Distribution Network in Gujarat Comprehensive Product Range Strategic Store Locations and Customer Experience Low Capital Requirements for Growth
Company Financials (₹ Cr)
As of 2025-12-31
| Period Ended | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 54.41 | 34.41 | 0.10 |
| 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 |
Key Ratios
EPS
₹7.53
NAV
₹23.49
ROE
59.84%
ROCE
47.16%
RoNW
35.31%
P/B Value
4.17
P/E Ratio
13.02
Market Cap
₹102.43 Cr
PAT Margin
5.00%
Promoters
Mehul Vasantbhai Raymagiya and Raymagiya Hemali Mehulbhai
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding of working capital needs 22.95 2 General Corporate Purposes 2.01 3 Issue Expenses 2.77 Total 27.73
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total Income was ₹115.47 Cr for the period ending 31 Mar 2025, rising to ₹152.02 Cr by 31 Dec 2025. This indicates a positive growth trend in revenue over the observed periods.
Profit Trend
Profit After Tax was ₹5.74 Cr for the period ending 31 Mar 2025, increasing to ₹7.07 Cr by 31 Dec 2025. This shows an upward trend in profitability during this timeframe.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of the IPO compared to its issue price. A positive GMP suggests that the stock may list at a premium on the stock exchange, reflecting investor demand.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance, considering factors such as market conditions and the company's growth potential.
Who May Want to Wait
Investors who prefer stable and established companies may want to avoid this IPO, as it operates in a competitive retail sector and is relatively new, which can entail higher risks.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While a positive GMP may suggest potential gains, market conditions on the listing day can significantly affect the stock's performance. Investors should be aware that initial listing prices may not reflect long-term value.
This evaluation is generated from Mehul Telecom's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Mehul Telecom IPO GMP today?
Mehul Telecom IPO GMP today is +₹3.75 (3.83%), indicating an estimated listing price of ₹102. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Mehul Telecom IPO?
The price band of Mehul Telecom IPO is ₹96.0–₹98.0 per share.
When does Mehul Telecom IPO open and close?
Mehul Telecom IPO opens on 17 April 2026 and closes on 21 April 2026.
When does Mehul Telecom IPO list on the stock exchange?
Mehul Telecom IPO listed on 24 April 2026 at ₹101.75.
What is the lot size for Mehul Telecom IPO?
The lot size for Mehul Telecom IPO is 1200 shares, requiring a minimum investment of ₹235,200 (2 lots).
What is the price band for Mehul Telecom's IPO?
The price band for Mehul Telecom's IPO is ₹96.0 to ₹98.0.
What is the minimum investment required?
The minimum investment required is ₹235,200.
What is the lot size for the IPO?
The lot size for Mehul Telecom's IPO is 1200 shares.
When does the IPO open and close?
The IPO opens on April 17, 2026, and closes on April 21, 2026.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium of the stock over its issue price on the listing day.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
17 Apr 2026
Close
21 Apr 2026
Allotment
22 Apr 2026
Listing
24 Apr 2026
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