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MT

Mehul Telecom

Listed SME BSE SME · Speciality Retail

Price Band

₹96.0–98.0

Issue Size

₹27.73 Cr

Lot Size

1,200 shares

Min Investment

₹235,200

GMP

+₹3.75 (3.83%)

Issue Price

₹98.0

calendar_month Important Dates

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IPO Open Date
Fri, 17 Apr 2026
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IPO Close Date
Tue, 21 Apr 2026
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Allotment Date
Wed, 22 Apr 2026
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Refund Initiation
Thu, 23 Apr 2026
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Credit of Shares
Thu, 23 Apr 2026
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Listing Date
Fri, 24 Apr 2026
Listing Price
₹101.75 +3.83%

bar_chart Subscription Status

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Subscription data unavailable

trending_up Grey Market Premium (GMP)

GMP

+₹3.75

GMP %

+3.83%

Est. Listing

₹101.75

schedule Updated: 14 Jul 2026 15:52

business 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

payments 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

info Issue Details

Issue Type SME Book Built
Issue Size ₹27.73 Cr
Price Band ₹96.0 – ₹98.0
Issue Price ₹98.0
Lot Size 1,200 shares
Min Investment ₹235,200
Exchange BSE SME
Sector Speciality Retail
Open Date 17 Apr 2026
Close Date 21 Apr 2026
Allotment 22 Apr 2026
Listing Date 24 Apr 2026

pie_chart Investor Allocation

QIB (Institutional) 50%
NII / HNI 15%
Retail (RII) 35%

Registrar

domain Kfin Technologies Ltd.

Lead Managers / Book Running

account_balance Cumulative Capital Pvt.Ltd.

timeline IPO Timeline

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Open

17 Apr 2026

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Close

21 Apr 2026

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Allotment

22 Apr 2026

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Listing

24 Apr 2026

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