GMP IPO Watch
Mehul Telecom IPO Day 2: Scaling Gujarat’s Smartphone Retail—Will Investors "Pick Up" the Call?
Rajkot-based Mehul Telecom is currently in the middle of its ₹27.73 crore SME IPO. Operati...
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M
SME IPO
LISTED
NSE, BSE
MEHULTELECOM
Mehul Telecom IPO
Mehul Telecom IPO details, live grey market premium (GMP), dates, price band, lot size, subscription & review.
Live GMP Today
₹10
+10.2%
Est. Listing: ₹108.00
Price Band
₹96 - ₹98
Per equity share
Lot Size
1200 Shares
Min Invest: ₹2,35,200
Issue Size
₹98 Cr
Total Public Offering
Issue Dates
16 April 2026 – 20 April 2026
Bidding period
Subscription
9.91x
Total overall demand
Mehul Telecom IPO Details
Key facts at a glance| IPO Open Date | 16 April 2026 | IPO Close Date | 20 April 2026 |
|---|---|---|---|
| Basis of Allotment | TBA | Listing Date | 23 April 2026 |
| Price Band | ₹96 - ₹98 per share | Face Value | ₹10 per share |
| Market Lot Size | 1200 Shares | Min Investment (Retail) | ₹2,35,200 |
| Total Issue Size | ₹98 Cr | Issue Type | Book Built Issue IPO |
| Fresh Issue | — | Offer for Sale (OFS) | — |
| Listing At | NSE, BSE | Issue Category | SME Issue |
| Registrar | TBA | ||
Mehul Telecom IPO Timetable (Tentative Dates)
| Event | Tentative Date | Status |
|---|---|---|
| IPO Open Date | 16 April 2026 | Confirmed |
| IPO Close Date | 20 April 2026 | Confirmed |
| Basis of Allotment | TBA | Tentative |
| Initiation of Refunds | TBA | Tentative |
| Credit of Shares to Demat | TBA | Tentative |
| IPO Listing Date | 23 April 2026 | Tentative |
| Cut-off time for UPI Mandate Confirmation | 5:00 PM on Closing Day | Deadline |
* Note: Timelines are tentative and subject to regulatory confirmation. UPI mandate approvals must be completed by 5:00 PM on the IPO closing day.
Mehul Telecom IPO Lot Size & Investment Details
Application limits for Retail and HNI investors| Application Category | Lots | Shares | Amount (at Cut-off) |
|---|---|---|---|
| Retail (Min) | 2 Lots | 2,400 Shares | ₹2,35,200 |
| Retail (Max) | 2 Lots | 2,400 Shares | ₹2,35,200 |
| S-HNI (Min) | 3 Lots | 3,600 Shares | ₹3,52,800 |
| S-HNI (Max) | 8 Lots | 9,600 Shares | ₹9,40,800 |
| B-HNI (Min) | 9 Lots | 10,800 Shares | ₹10,58,400 |
Mehul Telecom IPO Live GMP & Movement History
Daily unofficial grey market trends
Current Grey Market Premium
₹10 +10.2%
Estimated Listing Price
₹108.00
| Date | IPO GMP (₹) | Estimated Listing Price | Estimated Listing Gain (%) |
|---|---|---|---|
| 22 Apr 2026 | ₹3 | ₹101.00 | +3.06% |
| 21 Apr 2026 | ₹5 | ₹103.00 | +5.10% |
| 17 Apr 2026 | ₹4.5 | ₹102.50 | +4.59% |
| 15 Apr 2026 | ₹0 | ₹98.00 | +0.00% |
Disclaimer: Grey Market Premium (GMP) figures are purely unofficial and indicative rates traded in the unregulated grey market. GMP is highly volatile and does not guarantee the actual listing price. Always consult a SEBI registered investment advisor before bidding.
Mehul Telecom IPO Subscription Status
Demand breakdown by investor category
Retail
9.36x
QIB
1.38x
NII / HNI
—
Total
9.91x
About Mehul Telecom
Mehul Telecom Limited operates in the telecom infrastructure and services sector, offering solutions such as network installation, maintenance, and related telecom equipment support. The company plays a key role in supporting telecom operators by enabling efficient network deployment and connectivity services. With the rapid expansion of mobile networks, broadband services, and increasing demand for digital connectivity, the company benefits from continuous growth in the telecom sector. Its services are aligned with the rising need for reliable communication infrastructure across urban and rural areas. The IPO is aimed at funding working capital requirements, business expansion, and enhancing operational capabilities, positioning the company to capitalize on opportunities in India’s fast-growing telecom industry.
Mehul Telecom IPO Reservation & Share Quotas
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | 7,89,600 Shares | — |
| QIB (Ex. Anchor) | 5,50,800 Shares | — |
| NII | 4,03,200 Shares | 15% |
| Retail | 9,42,000 Shares | 35% |
Mehul Telecom IPO Anchor Investors
| Anchor Bidding Date | April 16, 2026 |
|---|---|
| Shares Offered | 7,89,600 Shares |
| Anchor Size | ₹ — Cr. |
| Lock-in Period (50% Shares - 30 Days) | 2026 |
| Lock-in Period (50% Shares - 90 Days) | 2026 |
Mehul Telecom IPO Important Dates
| Particular | Dates |
|---|---|
| IPO Open Date | 17 Apr 2026 |
| IPO Close Date | 21 Apr 2026 |
| Basis of Allotment | - |
| Refunds | - |
| Credit to Demat Account | - |
| IPO Listing Date | 24 Apr 2026 |
Note: The timeline for मेहुल टेलीकॉम IPO is tentative and subject to change.
Mehul Telecom IPO Promoters & Holding Pattern
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 76,22,000 | 94.25% |
| Promoter Holding Post Issue | 1,04,51,600 | — |
| Promoters |
|---|
| Mehul Vasantbhai Raymagiya and Raymagiya Hemali Mehulbhai |
Mehul Telecom Objects of the Issue & Utilisation of Proceeds
To Be Updated Soon
About Mehul Telecom IPO
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, Infinix, Xiaomi, and other brands. Along with smartphones, the firm also sells a range of accessories, speakers, smartwatches, earphones, headsets, tablets, mobile covers, phone chargers, screen guards, power banks, fire sticks, car holders, and pen drives of major brands. Moreover, the company includes a total of 27 employees as of March 31, 2026.
Mehul Telecom Company Financial Report
To Be Updated Soon
Mehul Telecom Company Valuation & Key Performance Indicators
To Be Updated Soon
Mehul Telecom Peer Group Comparison
To Be Updated Soon
Mehul Telecom Lead Managers & Merchant Bankers
- Cumulative Capital Pvt.Ltd.
Mehul Telecom IPO FAQs
Mehul Telecom IPO opens for subscription on 16 April 2026 and closes on 20 April 2026.
The price band for Mehul Telecom IPO is set at ₹96.00 to ₹98.00 per share.
The minimum market lot size is 1200 shares. A retail investor can apply for a minimum of 1 lot requiring an investment of 2,400 Shares (₹2,35,200).
The latest Grey Market Premium (GMP) for Mehul Telecom IPO is ₹10.00. GMP represents the unofficial premium at which shares trade prior to listing.
The basis of allotment for Mehul Telecom IPO is tentatively scheduled for TBA, and shares are expected to list on the stock exchanges on 23 April 2026.
The registrar details will be confirmed in the official prospectus.
Mehul Telecom IPO Analysis & Articles
