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Mehul Telecom
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
bar_chart Subscription Status
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
Share GMP:
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
pie_chart Investor Allocation
Registrar
Lead Managers / Book Running
timeline IPO Timeline
Open
17 Apr 2026
Close
21 Apr 2026
Allotment
22 Apr 2026
Listing
24 Apr 2026