Mehul Telecom Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | 13.95x | 1,339,200 | 18,679,200 | ₹13 Cr |
| NII (HNI) | 79.29x | 403,200 | 31,971,600 | ₹4 Cr |
| Retail | — | 942,000 | — | ₹9 Cr |
| Market Maker | — | 144,000 shares (agg. up to ₹1 Cr) | — | ₹1 Cr |
| Σ Total | 31.82x | 2,685,600 | 85,450,800 | ₹26 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹117,600 |
| Retail (Max) | 13 | 15,600 | ₹1,528,800 |
| S-HNI (Min) | 14 | 16,800 | ₹1,646,400 |
| B-HNI (Min) | 67 | 80,400 | ₹7,879,200 |
Financial Statements Amount in ₹ Crore
| Metric | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Revenue | 152 | — | 115 |
| EBITDA | 10 | 8 | 3 |
| Profit After Tax | 7 | 6 | 0 |
| Net Worth | 24 | 17 | 0 |
| Total Assets | 54 | 0 | 34 |
| Reserves & Surplus | 17 | 9 | 0 |
| Total Borrowing | 4 | 0 | — |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding of working capital needs – 22.95
- General Corporate Purposes –
Company Overview
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 March 31, 2026, the company had a workforce of 27 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