Mehul Telecom IPO Review 2026: GMP Flat, Key Investor Insights

Tue Apr 14 2026

Mehul Telecom IPO is open for bidding from 17th April 2026 to 21st April 2026. It is a bookbuilding issue IPO of ₹27.73 crore, which is an entirely fresh issue of 0.28 crore shares. The issue will be listed on BSE on its tentative listing date, 24th April 2026.

Mehul Telecom IPO Details

The Mehul Telecom IPO date is scheduled from 17th April 2026 to 21st April 2026. The face value of Mehul Telecom shares stands at ₹10 per share, and the IPO Issue price band is set at ₹96 to ₹98 per share

Kfin Technologies Private Limited is the registrar of the Mehul Telecom IPO and is responsible for managing the allotment process and initiating refunds. Check out the latest IPO details in the table below.

IPO Allotment Date	22nd April 2026
IPO Open Date	17th April 2026
IPO Close Date	21st April 2026
Refund Initiation	23rd April 2026
Issue Size	28,29,600 shares(agg. up to ₹28 Cr)
Face Value	₹10 Per share
Lot Size	–
Issue Type	Bookbuilding IPO
Listing At	BSE & SME
Listing Date	24th April 2026

Table of Contents

Mehul Telecom IPO Share Reservation

Mehul Telecom IPO is a bookbuilding issue of 0.28 crore shares, worth ₹27.73 crore. Mehul Telecom IPO Limited shares will be listed on the BSE. Furthermore, SEBI has specified the share reservation criteria for different investor categories.

Investor Categories	Shares Offered	% shares offered
QIB Shares Offered	13,40,400	49.91%
NII Shares Offered	4,03,200	15.01%
Retail Shares Offered	9,42,000	35.08%
Market Maker Shares Offered	1,44,000	–
Total Shares Offered	28,29,600	100.00%

Mehul Telecom IPO GMP Grey Market Premium

GMP is the gap between the issue price band and the price at which company shares are currently trading in the grey market. Do you want to get live updates on the Mehul Telecom IPO? If yes, then you’ve reached the right spot. Check the table below to learn about the GMP trends.

GMP DATE	IPO Price	GMP Price	Estimated Listing Price	Estimated Gain
18-4-2026	₹98.00	₹0.00	₹98.00	0.00%
17-4-2026	₹98.00	₹0.00	₹98.00	0.00%
16-4-2026	₹98.00	₹0.00	₹98.00	0.00%
15-4-2026	₹98.00	₹0.00	₹98.00	0.00%
14-4-2026	₹98.00	₹0.00	₹98.00	0.00%
13-4-2026	₹98.00	₹0.00	₹98.00	0.00%
12-4-2026	₹98.00	₹0.00	₹98.00	0.00%
11-4-2026	₹98.00	₹0.00	₹98.00	0.00%
10-4-2026	₹98.00	₹0.00	₹98.00	0.00%
9-4-2026	₹98.00	₹0.00	₹98.00	0.00%

As of 17th April 2026, the Mehul Telecom IPO GMP stands at ₹0 per share, indicating the share will likely list at ₹100 on its tentative listing date, 24th April 2026.

GMP data is subject to change based on market trends and sentiments. You should check the live GMP status before applying for the Mehul Telecom IPO GMP. Stay informed with Univest for real-time insights into IPOs and their GMP trends.

Mehul Telecom IPO GMP Review

Check out the detailed Mehul Telecom GMP IPO review for a thorough understanding of its potential to report listing gains on 24th April 2026. The Mehul Telecom IPO review below will help you invest effectively to avoid significant losses. Explore more to make informed investment decisions on this IPO.

Financial Health

Assess a company’s financial performance to know about its ability to sustain a competitive edge. Thus, it is essential to understand the business’s economic growth and decline before applying for the Mehul Telecom IPO.

Mehul Telecom’ IPO has shown consistent revenue growth, indicating the company’s financial stability. Moreover, brokers, investors, and RAs have a positive outlook for the Mehul Telecom IPO, with its tentative listing day set for 24th April 2026.

Technical Analysis

Several technical indicators are available to assess a company’s potential to deliver returns. Use the parameters mentioned below to analyse the technicals of the Mehul Telecom IPO.

Key Indicators	Value
PE Ratio (Price-to-Earnings)	13.02
EPS (Earnings Per Share)	7.53
RoNW	29.25%
ROCE	34.80%
ROE	34.27%
EBITDA Margin	6.39%
Price to Book Value	4.17
Market Capitalisation	₹102.43 Cr

The P/E ratio of Mehul Telecom Limited shares is [.], and its Earnings Per Share (EPS) stands at [.]. Thus, the Mehul Telecom IPO can deliver gains on its tentative listing date, 29th April 2026.

Note: The data, as mentioned above, is taken from authentic sources and highlights pre-issue information. The PE ratio and EPS of Mehul Telecom Limited may change after the IPO. Explore the table below to get post-issue updates on these two metrics.

Indicators	Pre-IPO	Post-IPO
PE Ratio	13.02	10.86
EPS	7.53	9.02

Mehul Telecom IPO Subscription Status

The Mehul Telecom IPO will open for bidding on 17th April 2026. The subscription status for this IPO is yet to be announced. Stay informed on this passage to check the live Mehul Telecom IPO Subscription Status.

Investor Categories	Shares Offered	Shares Subscribed	Subscription to the Times
QIB Shares Offered	13,40,400	Yet to be announced	Yet to be announced
NII Shares Offered	4,03,200	Yet to be announced	Yet to be announced
Retail Shares Offered	9,42,000	Yet to be announced	Yet to be announced
Market Maker Shares Offered	1,44,000	Yet to be announced	Yet to be announced
Total Shares Offered	28,29,600	Yet to be announced	Yet to be announced

About Mehul Telecom Limited

Mehul Telecom Private Limited is 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.

Mehul Telecom Limited Financials

The company’s financial analysis is essential before applying for the Mehul Telecom IPO. See the table for Mehul Telecom Limited’s financials.

Year Ended	31st Dec 2026 (in cr)	31st March 2025 (in cr.)	31st March 2024 (in cr.)
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	–

Mehul Telecom Limited IPO Promoter Holdings

Shareholding Pre-Issue	94.25%
Shareholding Post-Issue	–

Note: The value will be calculated using Equity Dilution = Share Holding Pre Issue – Share Holding Post Issue.

Aim of the Mehul Telecom IPO

The primary aim of the Mehul Telecom IPO is to raise ₹27.73.00 crores. On the other hand, Emiac Technology has decided to utilise these funds in different ways and explore some of the secondary objectives:

To meet general corporate purposes
To fund working capital needs

Should I Invest in the Mehul Telecom IPO?

Explore the pros and cons of Mehul Telecom to decide whether to apply or avoid the issue. These pros and cons might help you understand the IPO’s efficiency in delivering profits over the coming decades.

Pros of the Mehul Telecom IPO

Experienced promoters → Strong industry experience supports business growth
Scalable business model → Franchise (FOFO) model allows expansion with low capital
Wide product portfolio → Smartphones + accessories + electronics diversify revenue
Strong regional network → Established presence across Gujarat improves sales visibility
Revenue & profit growth → Increasing sales and profits show business momentum
Low capex expansion → Growth possible without heavy investment

Cons of the Mehul Telecom IPO

Geographic concentration → Business heavily dependent on Gujarat region
Limited operating history → Company is relatively new, increasing risk
Franchise dependency → Heavy reliance on franchise stores for revenue
High working capital needs → Inventory-heavy business impacts cash flow
Low margin business → Retail model operates on thin margins
Competition risk → Strong competition from online platforms and big retailers
SME IPO risk → Lower liquidity and higher volatility post listing

How to Apply for the Mehul Telecom IPO

Check the steps mentioned below to apply for Mehul Telecom Ltd.

Step 1: Conduct thorough research on the Mehul Telecom IPO GMP, subscription status, issue size, lot size, and other details.
Step 2: Open a demat account with Univest to access real-time insights on GMP and subscription status. You can also use your previous demat account by navigating to the IPO section.
Step 3: Make a bid for [.] lots of [.] shares worth ₹27.73.
Step 4: You will receive a mandate request after making a bid. Approve the request to proceed further.

Note: You can apply for the Mehul Telecom IPO across multiple demat accounts to increase your chances of allotment.

How to Check the IPO Allotment Status of Mehul Telecom?

You can check for the Mehul Telecom IPO allotment in different ways. These include BSE and the registrar portal. Follow the steps below to check your allotment status online.

Check On BSE

Visit the BSE Official Site
Navigate to the IPO Allotment Section.
Select Equity as the issue type.
Choose the Mehul Telecom IPO.
Choose whether to proceed with the PAN number or the application number.
Submit your details to get the allotment status online.

Check On the Registrar Portal

Visit the registrar portal.
Click on the allotment option.
Fill in the required details.
Click on the submit button to know your Mehul Telecom IPO allotment status.

Let’s Wrap

Mehul Telecom IPO is a book-building issue of shares worth ₹27.73 crore. The shares of Mehul Telecom Limited will be listed on the BSE on its tentative listing date of 24th April 2026. Researching the Mehul Telecom IPO GMP and reviews is highly recommended to achieve your desired profitability. Brokers and investors have highlighted their pros and cons, so one must analyse them and decide accordingly.

Open a demat account on Univest now to initiate your investment journey!

FAQs on Mehul Telecom IPO

How is the Mehul Telecom IPO?

Ans. Currently, on 17th April 2026, the Mehul Telecom GMP (Grey Market Premium) stands at ₹0. It indicates that the estimated listing price could be ₹98 per share. It is a book-building IPO of ₹27.73 per share. The face value of each Mehul Telecom share is ₹10.

What is the Mehul Telecom IPO price?

Ans. The Mehul Telecom IPO issue price band is set at ₹96 to ₹98 per share.

Who is the registrar of the Mehul Telecom IPO?

Kfin Technologies Limited is the registrar for the Mehul Telecom IPO, awaiting the allotment process and initiating refunds. For any queries regarding the Mehul Telecom allotment and refund, you can contact Kfin Technologies Limited at propshare3.ipo@kfintech.com or 04067162222, 04079611000.

What is the issue size of the Mehul Telecom IPO?

Ans. Mehul Telecom IPO is a bookbuilding IPO of ₹27.73 crores. Moreover, the IPO is set to open on 17th April 2026 and close on 21st April 2026.

Disclaimer: The above information is compiled from authentic sources and is just for informational purposes. To have detailed information about the Mehul Telecom IPO, download the Mehul Telecom IPO RHP and Mehul Telecom IPO DRHP. Conduct your research before investing in IPOs to avoid significant losses. You can also consult your financial advisor.