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Mehul Telecom IPO

₹96 – ₹96 · Issue Size ₹28 Cr

IPO Overview

StatusClosed
Price Band₹96 – ₹96
Issue Size₹28 Cr
Lot Size2400 shares
Min Investment₹2,35,200
Face Value₹10
Issue Structure
Fresh Issue₹28 Cr
Offer for Sale
Total Size₹28 Cr

Valuation

Post-Issue Market Cap
Pre-Issue Market Cap
Issue Size / Market Cap
Valuation Ratios
P/E at Issue Price
Industry P/E1.0x
Price-to-Book
EV/EBITDA

Business Model

Competitive Advantages
  • Experienced Promoters and Management Team
  • Extensive Distribution Network in Gujarat
  • Comprehensive Product Range
  • Strategic Store Locations and Customer Experience
  • Low Capex Requirements for Growth
  • Strong Financial Partnership
  • For details of qualitative factors, please refer to the paragraph "Our Strengths" in the chapter titled "Our Business" beginning

IPO Timeline

Open Date17 Apr 2026
Close Date21 Apr 2026
Allotment22 Apr 2026
Refund23 Apr 2026
Credit to Demat23 Apr 2026
Listing Date24 Apr 2026

Objects of the Issue

PurposeAmount
General corporate purposes 1 Net Proceeds * shall be utilized up to June 30, 2027, i.e., the first quarter of FY 2027–28₹6.45 Cr

Strengths & Weaknesses

Strengths

  • Experienced Promoters and Management Team
  • Extensive Distribution Network in Gujarat
  • Comprehensive Product Range
  • Strategic Store Locations and Customer Experience
  • Low Capex Requirements for Growth
  • Strong Financial Partnership
  • For details of qualitative factors, please refer to the paragraph "Our Strengths" in the chapter titled "Our Business" beginning

Management & Promoters

T
Term DescriptionCompany Secretary and Compliance Officer

Shareholding Pattern

Pre-IPO
Category%
Public10%
NII40.32%
Public2%
Promoters2%
Promoters3%
Public4%
Post-IPO
Category%
Public10%
Promoters63%
Public94%
Public26.6%
Public5.75%

Peer Comparison

CompanyP/EEPS
Mehul Telecom IPO
Thursday April *16.0x

Pre-IPO Financials

PeriodRevenue (Cr)PAT (Cr)Net Worth (Cr)Total Assets (Cr)
December 2025₹20.21 Cr₹76,220 Cr
March 2025₹64,000 Cr
March 2024₹24.18 Cr
2013₹17.1 Cr
2014₹0.09 Cr

About

Since its incorporation in 2023, Mehul Telecom has been a leading mobile retail chain company offering smartphones and related accessories. Founded by Mr. Mehul Raimagiya, the firm generates its sales via a hybrid "COCO" (Company Owned, Company Operated) and "FOFO" (Franchisee Owned, Franchisee Operated) retail model. Its product portfolio includes smartphones and tablets of all famous brands, including MI, Samsung, iPhone, Vivo, Oppo, Realme, Nokia, OnePlus, Redmi, Nothing, Tecno, Intel, Infini

ExchangeNSE
Issue Typesme
Face Value10 per share

Documents

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