Mehul Telecom Ltd.
OPENIPO Date: 17 Feb - 21 Apr 2026
Listing Date: 24 Apr 2026
Price Range
₹96 to ₹98
Issue Size
28 Cr
Min Investment
₹1,15,200
Lot Size
1200 Shares
Schedule of Mehul Telecom Ltd.
Issue open date
17 Feb 2026
Issue close date
21 Apr 2026
UPI mandate deadline
21 Apr 2026 (5 PM)
Allotment finalization
22 Apr 2026
Share credit
23 Apr 2026
Listing date
24 Apr 2026
Mandate end date
25 Apr 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 28 Cr |
| Fresh Issue | 26 Cr |
| Offer for Sale | 26 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 22 Apr 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 14 Apr 2026 | ₹98 | ₹0 | ₹98 (0%) |
| 13 Apr 2026 | ₹98 | ₹0 | ₹98 (0%) |
| 12 Apr 2026 | ₹98 | ₹0 | ₹98 (0%) |
| 11 Apr 2026 | ₹98 | ₹0 | ₹98 (0%) |
| 10 Apr 2026 | ₹98 | ₹0 | ₹98 (0%) |
Performance Mehul Telecom Ltd.
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹96 to ₹98 | .... | .... | .... |
About Mehul Telecom Ltd.
Mehul Telecom Private Limited is a multi-brand mobile retail chain incorporated in May 2023 operating in Gujarat. The company sells smartphones accessories and connected lifestyle products through a hybrid COCO and FOFO retail model. It offers products from leading brands like Apple Samsung Xiaomi and others along with a wide range of peripherals. The business focuses on retail expansion through company owned stores and franchise outlets. As of March 2026 the company operates with a lean workforce of 27 employees.
| Founded in | 2023 |
| Managing director | |
| Parent organization |
Financial Overview
Strengths
- Experienced promoters and management team,
- Strong distribution network in Gujarat
- Wide range of smartphones and accessories portfolio,
- Strategic store locations enhancing customer experience,
Risks
- Highly competitive mobile retail market with low margins,
- Dependence on third party brands for product supply,
- Limited operating history since recently incorporated,
- Geographical concentration primarily in Gujarat
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 13.14 |
| Non-Institutional Investors (NIIs) | 3.95 |
| Retail Individual Investors (RIIs) | 9.23 |
| Employee | N/A |
| Total | 27.73 |