SME
IPO ·
BSE SME
Mehul Telecom Ltd
Listed
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” (Franchis
Issue details
Price band
₹96 – ₹98
Face value
₹10
Lot size
1,200 shares
Minimum investment
₹2,35,200
Issue size
₹27.73 Cr
Fresh issue
₹26.32 Cr
Offer for sale
—
Issue type
Book Built
Exchange
BSE SME
Key dates
Opens
17 Apr 2026
Closes
21 Apr 2026
UPI mandate cut-off
5:00 PM on 21 Apr 2026
Allotment
22 Apr 2026
Refunds
23 Apr 2026
Shares in demat
23 Apr 2026
Listing
24 Apr 2026
Subscription and listing
Subscription
31.82x
Listing price
₹108
Registrar
Kfin Technologies Ltd
Lead manager
Cumulative Capital
Subscription by category
Total
31.82x
Total applications
18,469
Anchor investors
Amount raised
₹7.74 Cr
Bid date
16 Apr 2026
50% lock-in ends
22 May 2026
Rest lock-in ends
21 Jul 2026
Listing day
Issue price
₹98
Open
₹108.00
High
₹113.40
Low
₹104.00
Day close
₹109.94
Listing gain at open
+10.20%
Issue structure
Shares reserved per category and share of the total issue
QIB Shares Offered
13,39,200
47.33%
Anchor Investor Shares Offered
7,89,600
27.91%
QIB (Ex. Anchor) Shares Offered
5,49,600
19.42%
NII Shares Offered
4,03,200
14.25%
bNII > ₹10L
2,68,800
9.50%
sNII < ₹10L
1,34,400
4.75%
Retail Shares Offered
9,43,200
33.33%
Market Maker Shares Offered
1,44,000
5.09%
Total Shares Offered
28,29,600
100.00%
Finaccle’s quick read
Avoid
ROE 34.27%, D/E 0.15, post-issue P/E 10.86x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
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.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
34.27%
ROCE
34.80%
Debt / equity
0.15
PAT margin
4.65%
P/E post issue
10.86
Market cap
₹102.43 Cr
Use of IPO money
Funding of working capital needs
₹22.95 Cr
General Corporate Purposes
₹2.01 Cr
Issue Expenses
₹2.77 Cr
Strengths
✓
ROE of 34.27% and ROCE of 34.80%
✓
Moderate leverage: debt to equity 0.15
Risks to watch
!
Thin PAT margin of 4.65%
!
SME platform: large lot size and thinner trading liquidity
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.