Bookbuilding IPO | ₹28 Cr | Listed at BSE SME | Fri, Apr 17, 2026 - Tue, Apr 21, 2026
Mehul Telecom IPO is a book build issue of ₹27.73 crores. The issue is entirely a fresh issue of 0.28 crore shares of ₹27.73 crore.
Mehul Telecom IPO bidding started from Apr 17, 2026 and ended on Apr 21, 2026. The allotment for Mehul Telecom IPO was finalized on Apr 22, 2026. The shares got listed on the BSE SME on Apr 24, 2026.
Mehul Telecom IPO is set final issue price at ₹98 per share. The lot size for an application is 1,200 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,35,200 (2,400 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (3,600 shares), amounting to ₹3,52,800.
Cumulative Capital Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Nikunj Stock Brokers Ltd.
Refer to Mehul Telecom IPO RHP for detailed Information.
IPO Open
Fri, Apr 17, 2026
IPO Close
Tue, Apr 21, 2026
Issue Price
₹98 per share
Market Cap (Pre-IPO)
₹102.43 Cr
| IPO Date | 17 to 21 Apr, 2026 |
| Listed on | Fri, Apr 24, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹96 to ₹98 |
| Issue Price | ₹98 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 28,29,600 shares (agg. up to ₹28 Cr) |
| Reserved for Market Maker | 1,44,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 26,85,600 shares (agg. up to ₹26 Cr) |
| Net Offered to Public | 26,85,600 shares (agg. up to ₹26 Cr) |
| Share Holding Pre Issue | 76,22,000 shares |
| Share Holding Post Issue | 1,04,51,600 shares |
| BSE Script Code | 544751 |
| ISIN | INE1K0V01011 |
Mehul Telecom IPO comprises a total issue size of 28,29,600 shares. The net offer to the public is 26,85,600 shares, after excluding 1,44,000 shares allotted on a firm basis. Of the Net offer 13,39,200 (49.87%) are allocated to QIB, 4,03,200 (15.01%) allocated to NII 9,43,200 (35.12%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 13,39,200 | 49.87% | 47.33% |
| − Anchor Investor Shares Offered | 7,89,600 | 27.91% | |
| − QIB (Ex. Anchor) Shares Offered | 5,49,600 | 19.42% | |
| NII (HNI) Shares Offered | 4,03,200 | 15.01% | 14.25% |
| − bNII > ₹10L | 2,68,800 | 9.50% | |
| − sNII < ₹10L | 1,34,400 | 4.75% | |
| Retail Shares Offered | 9,43,200 | 35.12% | 33.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,44,000 | 5.09% | |
| Total Shares Offered | 28,29,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,400 shares and in multiples of 1,200 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,400 | ₹2,35,200 |
| Individual investors (Retail) (Max) | 2 | 2,400 | ₹2,35,200 |
| S-HNI (Min) | 3 | 3,600 | ₹3,52,800 |
| S-HNI (Max) | 8 | 9,600 | ₹9,40,800 |
| B-HNI (Min) | 9 | 10,800 | ₹10,58,400 |
Mehul Telecom IPO raises ₹7.74 crore from anchor investors. Mehul Telecom IPO Anchor bid date is April 16, 2026.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Apr 16, 2026 |
| Shares Offered | 7,89,600 |
| Anchor Portion (₹ Cr.) | 7.74 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, May 22, 2026 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Jul 21, 2026 |
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:
Product Portfolio:
As of March 31, 2026, the company had a workforce of 27 personnel.
Competitive Strengths:
| 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 | |
| Amount in ₹ Crore | |||
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 |
| Total | 24.96 |
| KPI | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 34.27% | 59.84% |
| ROCE | 34.80% | 47.16% |
| Debt/Equity | 0.15 | |
| RoNW | 29.25% | 35.31% |
| PAT Margin | 4.65% | 5.00% |
| EBITDA Margin | 6.39% | 6.63% |
| Price to Book Value | 3.09 | 4.17 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.53 | 9.02 |
| P/E (x) | 13.02 | 10.86 |
| Promoter Holding | 94.25% | |
| Market Cap | ₹102.43 Cr. |
The Mehul Telecom IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Applications |
|---|---|---|---|---|
| Total | 31.82 | 26,85,600 | 8,54,50,800 | 18,469 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager fees | 0.30 |
| 2 | Fees Payable to Registrar to the Issue | 0.02 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.07 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.11 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.02 |
| 6 | Fees Payable to Auditor | 0.02 |
| 7 | Fees Payable to Legal Advisors | 0.08 |
| 8 | Fees Payable to Market Maker | 0.09 |
| 9 | Fees payable for Marketing & distribution expenses | 0.51 |
| 10 | Selling Commission and Brokerage | 0.10 |
| 11 | Depositories fees/charges | 0.02 |
| 12 | Fees Payable to Company Secretaries | 0.02 |
| 13 | Peer review auditors | 0.05 |
| 14 | Underwriting fees | 1.37 |
| Total | 2.77 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹98.00 |
| Open | ₹108.00 |
| Low | ₹104.00 |
| High | ₹113.40 |
| Last Trade | ₹109.94 |
Lead Manager Reports
Mehul Telecom IPO is a SME IPO of 28,29,600 equity shares of the face value of ₹10 aggregating up to ₹28 Crores. The issue is priced at ₹98 per share. The minimum order quantity is 1200.
The IPO opens on Fri, Apr 17, 2026, and closes on Tue, Apr 21, 2026.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Mehul Telecom IPO using UPI as a payment gateway. Zerodha customers can apply in Mehul Telecom IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mehul Telecom IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mehul Telecom IPO opens on Fri, Apr 17, 2026 and closes on Tue, Apr 21, 2026.
Mehul Telecom IPO lot size is 1200, and the minimum amount required for application is ₹2,35,200, with 2 lots being the minimum application size.
You can apply in Mehul Telecom IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Mehul Telecom IPO will be done on Wednesday, April 22, 2026, and the allotted shares will be credited to your demat account by Thu, Apr 23, 2026. Check the Mehul Telecom IPO allotment status.
The Mehul Telecom IPO listing date is on Fri, Apr 24, 2026.
