Mehul Telecom Limited
ListedSMETelecom · BSE
Mehul Telecom Private Limited, incorporated in May 2023, is a multi-brand mobile retail chain that operates through a hybrid business model, combining company-owned stores with franchise-owned outlets. The company offers a wide range of products, including smartphones, tablets, connected lifestyle devices, and accessories such as earphones, smartwatches, chargers, and power banks. Its portfolio features popular brands like Samsung, Apple (iPhone), Vivo, Oppo, Realme, OnePlus, Redmi, Nothing, Infinix, and Xiaomi, giving it a strong presence in the mobile retail market. The company has built a solid retail network across Gujarat, with major revenue coming from key districts such as Rajkot and Morbi. It is focused on expanding its offline retail presence through franchise-led growth, which helps scale the business efficiently while optimizing capital investment.
Price Band
₹96 – ₹98
Issue Size
₹282.96 L Cr
Lot Size
1200 shares
GMP
₹2.75
+2.8%
Est. Listing
₹100.75
at current GMP
Subscribed
44.99x
overall
Open
17 Apr 2026
Close
21 Apr 2026
Allotment
22 Apr 2026
Refund
23 Apr 2026
Demat Credit
24 Apr 2026
Listing
24 Apr 2026
Last updated 5 months ago
Overall Subscription
44.99x
Total Demand
QIB Multiplier
32.50x
Institutions & Funds
NII / HNI
79.74x
High Net-Worth
Retail (RII)
37.41x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 549,600 | 17,860,800 | 32.50x |
| NIB | 403,200 | 32,150,400 | 79.74x |
| HNIs(10L +) | 268,800 | 26,062,800 | 96.96x |
| HNIs (2-10L) | 134,400 | 6,087,600 | 45.29x |
| RETAIL | 943,200 | 35,282,400 | 37.41x |
| Total | 2,299,200 | 117,444,000 | 44.99x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 22 | 0.00x |
| NIB | — | 3,948 | 0.00x |
| RETAIL | 393 | 14,701 | 37.41x |
| HNIs(10L +) | 75 | 2,357 | 31.43x |
| HNIs (2-10L) | 37 | 1,591 | 43.00x |
| Total Applications | 505 | 22,619 | 44.79x |
Day-Wise Subscription Progress
About Mehul Telecom Limited Public Issue & Market Profile
Mehul Telecom Limited is bringing an initial public offering (IPO) in the Telecom sector with an aggregate issue size of ₹28,29,600 Crores. The shares are offered at a price band of ₹96 to ₹98 per equity share on BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.
Bidding & Quota Instructions:
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Allotment Reconciliation Schedule:
Following the close of bidding on 2026-04-21, the basis of allotment is scheduled to be finalized on 2026-04-22. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.
Frequently Asked Questions
What is the issue size and price band for Mehul Telecom Limited IPO?
The Mehul Telecom Limited IPO aggregate issue size is ₹28,29,600 Crores with an equity price band set at ₹96 to ₹98 per equity share. The retail lot size is 1200 shares requiring a minimum capital outlay of approx. ₹1,17,600.
How can I check Mehul Telecom Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. You can track QIB, NII/HNI, and Retail category multiples directly on our dedicated live subscription page.
Where will Mehul Telecom Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Kfin Technologies Limited) and the BSE status verification website on or around 2026-04-22.