The Mehul Telecom IPO GMP starts on April 17 2026. It's will end on April 21 2026. ThisMehul Telecom Ltd IPO is a kind of issue where people can bid for the shares they want. The company wants to get about ₹28 crore from this Mehul Telecom IPO GMP. They will get this money from selling shares worth ₹28 crore and also from selling some of their existing shares. Each share is worth ₹10.
The price of the Mehul Telecom Ltd IPO GMP shares will be between ₹96 and ₹98. When the shares are given out 35 percent will go to investors 50 percent will go to big institutions and 15 percent will go to wealthy people. The Mehul Telecom Ltd IPO shares will be available on the BSE SME platform from April 24 2026. People will know if they got the Mehul Telecom IPO shares on April 22 2026.
The mehul Telecom IPO SME company made ₹121.02 crore in the 2025, which is the more than the ₹107.37 crore they made in 2024. They IPO GMP also made a profit of the ₹6.04 crore in the 2025, which's a big increase from the ₹2.19 crore they made in the 2024. Because the company is doing well people who invest in the IPO GMP might get returns if they hold on to the shares for a long time. The IPO listings seems like an opportunity for investors who want to invest for the long term, in the Mehul Telecom company.
IPO Details GMP Messages Review Subscription AllotmentListing
Mehul Telecom Ltd Dates
The Mehul Telecom IPO date start is April 17 and the close date is April 21. The Mehul Telecom ltd IPO GMP allotment will be finalized on April 22 and the IPO listing on the April 24.
| IPO Open Date: | April 17, 2026 |
| IPO Close Date: | April 21, 2026 |
| Basis of Allotment: | April 22, 2026 |
| Refunds: | April 23, 2026 |
| Credit to Demat Account: | April 23, 2026 |
| IPO Listing Date: | April 24, 2026 |
Mehul Telecom IPO Details
| IPO Open Date | April 17, 2026 |
| IPO Close Date | April 21, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹96 to ₹98 Per Share |
| Issue Size | Approx ₹28 Crores, 30,00,000 Equity Shares |
| Fresh Issue | Approx ₹28 Crores, 30,00,000 Equity Shares |
| Issue Type | Book Building Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | .. |
| RHP Draft Prospectus | .. |
Mehul Telecom LTD IPO Review & Key Points
- Review:
Mehul Telecom IPO Market Lot
The Mehul Telecom IPO minimum market lot is 2,400 shares with ₹2,35,200 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,400 | ₹2,35,200 |
| Retail Maximum | 2 | 2,400 | ₹2,35,200 |
| S-HNI Minimum | 3 | 3,600 | ₹3,52,800 |
| S-HNI Maximum | 8 | 9,600 | ₹9,40,800 |
| B-HNI Minimum | 9 | 10,800 | ₹10,58,400 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 7,89,600 Shares | -% |
| QIB (Ex. Anchor) | 5,50,800 Shares | -% |
| NII Shares Offered | 4,03,200 Shares | 15% |
| Retail Shares Offered | 9,42,000 Shares | 35% |
Mehul Telecom IPO Anchor Investors
| Anchor Bidding Date | April 16, 2026 |
| Anchor Investors List | … |
| Shares Offered | 7,89,600 Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2026 |
| The lock-in period end date 50% shares (90 Days) | 2026 |
Promoters and Holding Pattern
The promoters of the company are Mehul Vasantbhai Raymagiya and Raymagiya Hemali Mehulbhai.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 76,22,000 | 94.25% |
| Promoter Holding Post Issue | 1,04,51,600 | -% |
The Mehul Telecom IPO Objects of Issue & Proceeds
| Purpose | Crores |
| Funding of working capital needs | ₹22.95 |
| General Corporate Purpose | ₹- |
About us
Mehul Telecom started in 2023. It has become a well known mobile retail chain. They sell smartphones and things that go with them. The company was started by Mr. Mehul Raimagiya. Mehul Telecom sells things from stores that the company owns and runs. They also sell things from stores that other people own and run.
Mehul Telecom IPO GMP has a lot of the products like smartphones and tablets from big brands. These brands include MI, Samsung, iPhone, Vivo, Oppo, Realme, Nokia, OnePlus, Redmi, Nothing, Tecno, Intel, Infinix, Xiaomi and others. They also sell things like speakers, smartwatches, earphones, headsets, tablets, mobile covers, phone chargers, screen guards, power banks, Fire Sticks, car holders and pen drives, from brands. As of March 31 2026 Mehul Telecom has 27 people working for them.
Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT |
| 2023 | ₹80.27 | ₹79.56 | ₹0.51 |
| 2024 | ₹107.37 | ₹104.40 | ₹2.19 |
| 2025 | ₹121.02 | ₹112.96 | ₹6.04 |
| Dec 2025 | ₹152.02 | ₹142.50 | ₹7.07 |
Company Valuation – FY2025
Check Mehul Telecom IPO valuations details like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 59.84% |
| ROCE: | 47.16% |
| EBITDA Margin: | 6.63% |
| PAT Margin: | 5.00% |
| Debt to equity ratio: | – |
| Earning Per Share (EPS): | ₹8.30 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 35.31% |
| Net Asset Value (NAV): | ₹23.49 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Fonebox Retail limited | 4.43 | 20.96 | 13.18% | 33.62 | 342.73 Cr. |
| Jay Jalaram Technologies Limited | 2.87 | 54.98 | 10.02% | 56.81 | 339.09 Cr. |
Bhatia Communications & Retail (India) Limited | 1.104 | 21.86 | 15.56% | 7.08 | 442.72 Cr. |
Company Address
Mehul Telecom Ltd.
West Gate Shop 223,
150 Ft Ring Road,
Rajkot Raiya Road,
Rajkot, Gujarat, 360007
Phone: 0281 2991223
Email: info@mehultelecom.com
Website: http://www.mehultelecom.com/
IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: mehul.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
When will the IPO be open for subscription?
The IPO date is to open on April 17, 2026 for QIB, NII,or Retail Investors. The IPO GMP will close on April 21, 2026.
What is IPO GMP Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the Mehul Telecom Ltd IPO?
You can apply for the Mehul Telecom IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
What is Mehul Telecom Ltd Issue Size?
Mehul Telecom Ltd issue size is ₹28 crores.
What is Mehul Telecom Ltd IPO Price Band?
Mehul Telecom Ltd IPO Price Band is ₹96 to ₹98.
What is Mehul Telecom Ltd IPO Lot Size?
The minimum bid is 2,400 Shares with ₹2,35,200 amount.
What is the Mehul Telecom Ltd IPO Allotment Date?
Mehul Telecom Ltd IPO allotment date is April 22, 2026.
What is the Mehul Telecom Ltd IPO Listing Date?
Mehul Telecom Ltd IPO listing date is April 24, 2026. The IPO is to list on BSE SME.
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