Home >> IPO >> Mehul Telecom IPO : GMP, Price, Analysis, And Details
Mehul Telecom IPO : GMP, Price, Analysis, And Details
Table of Contents
Mehul Telecom IPO- Company Analysis
Mehul Telecom IPO under the SME IPO category is a bookbuild issue of Rs. 27.73 Cr by Mehul Telecom Limited and a 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 retails connected lifestyle products and peripherals such as wearables, audio devices, and power solutions like speakers, smartwatches, earphones, head phones, tablets, mobile covers, phone chargers, screen guards, power banks, phone warranty plans, fire sticks, car holder clamps, pen drives, 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).
Mehul Telecom IPO Details
The Mehul Telecom IPO date of opening is 17 Apr 2026, its initial public offering will end on 21 Apr, IPO allotment on Apr 22 and refund initiation on Apr 23, 2026.
The Rs. 27.73 crore new SME IPO comprises a wholly fresh issue of 0.28 crore shares.
The Mehul Telecom IPO listing date (expected) might be on Friday, Apr 24, 2026, and listing at the BSE and SME.
The Mehul Telecom IPO price band is Rs. 96 to Rs. 98.
IPO Timetable (Tentative)
|
Events |
Date |
|
IPO Opening Date |
Apr 17, 2026 |
|
IPO Closing Date |
Apr 21, 2026 |
|
IPO Allotment Date |
Apr 22, 2026 |
|
Refund Initiation |
Apr 23, 2026 |
|
IPO Listing Date |
Apr 24, 2026 |
Click to open demat account and apply for the IPO.
Company Financials
(Amount in Cr)
|
Particulars |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Assets |
54.41 |
0.10 |
34.41 |
|
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 |
— |
Cash Flows
(Amount in lac)
|
Net Cash Flow |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
|
Net Cash Flow Operating Activities |
(357.20) |
(1,128.69) |
(9.00) |
|
Net Cash Flow Investing Activities |
(62.42) |
(17.91) |
- |
|
Net Cash Flow Financing Activities |
565.68 |
1,545.31 |
10.00 |
Revenue Bifurcation
(Rs. in Lac)
(Source: RHP)
The Objective of the Issue
The company desires to use the Net Proceeds from the Issue to fulfill its following goals:
- Funding of working capital needs. ~ Rs. 22.95 Cr.
- General Corporate Purposes.
Listed Peers of Mehul Telecom Ltd.
|
Name of the Company |
Face Value (Per Share) |
EPS (Rs) |
P/E Ratio |
|
Fonebox Retail Limited |
10.00 |
4.43 |
14.45 |
|
Jay Jalaram Technologies Limited |
10.00 |
5.27 |
17.13 |
|
Bhatia Communications & Retail (India) Limited^ |
1.00 |
1.10 |
18.94 |
Valuation
|
KPI |
Value (Mar 31, 2025) |
|
ROE |
59.84% |
|
ROCE |
47.16% |
|
Debt/Equity |
- |
|
RoNW |
35.31% |
|
PAT Margin |
5.00% |
|
EBITDA Margin |
6.63% |
|
Price to Book Value |
- |
Evaluation of P/E Ratio
Considering the period ended on FY 2025 with an EPS of Rs. 8.30 from the last year, the resulting P/E ratio is 11.80x.
Explore the Striders Impex IPO.
IPO's Strengths
- An extensive distribution network in Gujarat with a wide range of products.
- Knowledgeable promoters and management team.
- Customer Experience and Strategic Store Locations
- Minimal Capital Needed for Development.
IPO's Weaknesses
- Geographical Concentration
- Highly Competitive Segment
- Limited Operating History.
Mehul Telecom IPO GMP (Grey Market Premium)
Mehul Telecom IPO GMP today is Rs. 0, as of 14 Apr 2026 while writing this information. With the price band of 98, the estimated listing price is ₹98. The expected percentage gain/loss per share is 0%.
Mehul Telecom IPO Summary
|
IPO Opening & Closing Date |
17 Apr, 2026 to 21 Apr, 2026 |
|
Face Value |
Rs. 10 per Share |
|
Issue Price |
Rs. 96 to Rs. 98 per Share. |
|
Lot Size |
1200 Shares |
|
Issue Size |
28,29,600 Shares (Rs. 28 Cr) |
|
Offer for Sale |
- |
|
Fresh Issue |
26,85,600 Shares (Rs. 26 Cr) |
|
Listing at |
BSE, SME |
|
Issue Type |
Bookbuild issue IPO |
|
Registrar |
Kfin Technologies Ltd. |
IPO Lot Details
Retail investors can invest in a minimum and maximum of 2 Lots (2400 Shares) for Rs. 2,35,200, and in multiples thereof, while HNI investors can invest in a minimum of 3 Lots (3600 Shares) for Rs. 3,52,800.
|
Minimum Lot Investment (Retail) |
2 Lots |
|
Maximum Lot Investment (Retail) |
2 Lots |
|
HNI (Min) |
3 Lots |
Mehul Telecom IPO Allotment Status
To check the Mehul Telecom IPO Allotment Status, visit the official Registrar’s website or the BSE website. Below are the links to the websites for you.
Using BSE Website - BSE IPO allotment status
Promoters And Management of Mehul Telecom Ltd.
- Mehul Vasantbhai Raymagiya
- Raymagiya Hemali Mehulbhai
|
Pre-Issue Promoter Shareholding |
94.25% |
|
Post-Issue Promoter Shareholding |
- |
IPO Lead Managers
- Cumulative Capital Pvt. Ltd.
Dividend Policy
The company has not paid a dividend since its incorporation.
Conclusion
Mehul Telecom IPO is a small SME with respectable profitability indicators and a low price-to-earnings ratio (P/E) of about 11.8x when compared to peers. On the other hand, considerable listing and business risk is indicated by zero GMP, a short operating history, and intense competition in the mobile retail market.
Finowings IPO Analysis
Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO.
You must consult your financial advisor before making any financial decisions.
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To Read the Company's Prospectus, Click Here to Download the DRHP.
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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.
