Mehul Telecom Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹2.75(2.81%)
Premium (ELP)
The Initial Public Offering of Mehul Telecom Limited's culminated in its successful listing on Apr 24, 2026 at the BSE trading platform. The company secured 28,29,600 Shares through this capital market exercise, with 28,29,600 Shares allocated to new capital formation.
Investors participated within the price parameters of ₹96 to ₹98, with minimum investment requirements of 1200 shares. The subscription period from Apr 17, 2026 to Apr 21, 2026 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Apr 22, 2026. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Mehul Telecom Private Limited, incorporated in May 2023, is a multi-brand mobile retail chain that operates through a hybrid business model, combining company-owned stores with franchise-owned outlets. The company offers a wide range of products, including smartphones, tablets, connected lifestyle devices, and accessories such as earphones, smartwatches, chargers, and power banks. Its portfolio features popular brands like Samsung, Apple (iPhone), Vivo, Oppo, Realme, OnePlus, Redmi, Nothing, Infinix, and Xiaomi, giving it a strong presence in the mobile retail market. The company has built a solid retail network across Gujarat, with major revenue coming from key districts such as Rajkot and Morbi. It is focused on expanding its offline retail presence through franchise-led growth, which helps scale the business efficiently while optimizing capital investment.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Experienced leadership team: Skilled promoters and management with strong industry knowledge help drive smooth operations and support business growth.
- Strong distribution network in Gujarat: Well-established presence across important locations improves customer reach and makes products easily available.
- Wide product range: A large selection of smartphones and accessories from top brands meets different customer needs and budget segments.
- Store performance and expansion risk: Frequent opening and closing of stores may create challenges related to choosing the right location, estimating customer demand, and managing closure costs.
- Geographical concentration risk: Since most operations are focused in Gujarat, especially Rajkot and Morbi, the business may be affected by regional issues or market saturation.
- Limited operating history risk: As a relatively new company, it may face difficulties in expanding smoothly and building long-term business stability.
- Mehul Vasantbhai Raymagiya
- Raymagiya Hemali Mehulbhai
Mehul Telecom Limited
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