Mehul Telecom IPO

Upcoming SME

Open Apr 17

Close Apr 21

Allotment Apr 22

Refund Apr 23

Listing Apr 24

Market Sentiment

Grey Market Premium What is GMP?

GMP data not available yet

Subscription Status

View Detailed Information

Subscription data not available yet

Analysis Score

Analysis data not available yet

Market Lot Size

Category	Lots	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

Return Estimator (GMP*)

Category	Investment	Expected Profit
Retail Minimum	₹2,35,200	+₹0
Retail Maximum	₹2,35,200	+₹0
S-HNI Minimum	₹3,52,800	+₹0
S-HNI Maximum	₹9,40,800	+₹0
B-HNI Minimum	₹10,58,400	+₹0

GMP (Rumour*) +₹0

Exp. Listing ₹98

Return +0.0%

Estimates based on unofficial GMP data. Actual listing price may differ significantly.

IPO Details

Issue Price	₹96-98 per equity share
Face Value	₹10 Per Equity Share
Lot Size	2400 shares (Min ₹2,35,200)
Total Issue Size	₹28.00 crore
Fresh Share	₹28.00 crore
Issue Type	Book Building Issue
Lead Manager	Cumulative Capital Pvt.Ltd.
Registrar	Kfin Technologies Ltd.
Listing at	BSE

IPO Reservation

Category	Shares Offered
QIB	5,50,800
NII (HNI)	4,03,200
bNII > ₹10L	2,68,800
sNII < ₹10L	1,34,400
Retail	9,42,000
Anchor	7,89,600

Financial Analysis

Financial Data

ROE

59.84%

ROCE

47.16%

NAV/Share

Rs 23.49

Revenue Growth

12.71%

Profit Margin

4.99%

Financial Performance

Metric	2023	2024	2025	Dec 2025
Revenue	80.27	107.37	121.02	152.02
Expense	79.56	104.40	112.96	142.50
Profit (PAT)	0.51	2.19	6.04	7.07
Total Assets	-	-	-	-

Values in Crores (₹)

Peer Comparison

Company	P/E	EPS	Market Cap (Cr)
Fonebox Retail limited	20.96	4.43	13
Jay Jalaram Technologies Limited	54.98	2.87	10
Bhatia Communications &Retail (India) Limited	21.86	1.10	16

Promoters & Holding Pattern

Promoters: Mehul Vasantbhai Raymagiya and Raymagiya Hemali Mehulbhai

Shareholding	No. of Shares	Holding %
Promoter Holding Pre Issue	76,22,000	94.25%

Purpose	Amount (Cr)
Funding of working capital needs	22.95
General Corporate Purpose	-

Resources & Documents

Anchor Investors

Anchor Bidding Date

April 16, 2026

Shares Offered to Anchors

7,89,600

IPO Documents

Draft Red Herring Prospectus Red Herring Prospectus

Company Contact Information

Mehul Telecom Ltd., West Gate Shop 223,, 150 Ft Ring Road,, Rajkot Raiya Road,, Rajkot, Gujarat, 360007

Phone

0281 2991223

info@mehultelecom.com

Website

http://www.mehultelecom.com/

Frequently Asked Questions

Mehul Telecom IPO is SME IPO. The company is going to raise ₹28 Crores via IPO. The issue is priced at ₹96 to ₹98 per equity share. The IPO is to be listed on BSE SME.

The IPO is to open on April 17, 2026 for QIB, NII, and Retail Investors. The IPO will close on April 21, 2026.

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

You can apply for 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.

Mehul Telecom IPO issue size is ₹28 crores.

Mehul Telecom IPO Price Band is ₹96 to ₹98.

The minimum bid is 2,400 Shares with ₹2,35,200 amount.

Mehul Telecom IPO allotment date is April 22, 2026.

Mehul Telecom IPO listing date is April 24, 2026. The IPO is to list on BSE SME.

Understanding Grey Market Premium (GMP)

The Grey Market Premium (GMP) is an unofficial indicator of how an IPO's shares are trading in the grey market before they are officially listed on a stock exchange. It reflects investor sentiment and demand for the IPO shares ahead of listing day.

How does it work? The grey market is an informal, over-the-counter market where investors buy and sell IPO shares before the official listing date. If an IPO has a positive GMP, it suggests that investors expect the stock to list above its issue price. A negative GMP indicates expectations of a listing below the issue price.

Example: If an IPO has an issue price of ₹100 and the GMP is ₹50, the expected listing price would be approximately ₹150 (issue price + GMP). This translates to an estimated listing gain of 50%.

Factors that influence GMP:

Subscription levels — Higher subscription typically drives GMP up
Market conditions — Bullish markets tend to boost GMP across all IPOs
Company fundamentals — Strong financials and growth potential attract premium
Industry sentiment — Positive outlook for the sector can increase demand
IPO pricing — Reasonably priced IPOs relative to peers tend to command higher GMP

Disclaimer: GMP is an unofficial metric from the grey market and is not regulated by SEBI or any stock exchange. GMP values fluctuate frequently and should not be the sole basis for investment decisions. Always consider company fundamentals, financial health, and your own risk appetite before investing in any IPO.

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