The Mehul Telecom Private Limited IPO has opened for investors on April 17 and will remain open until April 21. This IPO belongs to the SME segment and is already getting attention due to its steady performance in the grey market.
Here’s a simple breakdown of everything you need to know.
Price Band and Investment Details
The price band for the Mehul Telecom IPO is set between ₹96 and ₹98 per share.
The company has fixed one lot size at 1,200 shares. Retail investors must apply for a minimum of two lots. This means the minimum investment required is around ₹2,35,200.
Before opening for the public, the IPO was available to anchor investors on April 16. Through this, the company raised about ₹7.74 crore.
GMP and Listing Expectations
The Grey Market Premium (GMP) for the IPO is currently ₹4.5 per share. This suggests a possible listing gain of around 4.59%.
The GMP has remained stable compared to the previous day, indicating steady but moderate investor interest.
IPO Size and Listing Platform
The total size of the IPO is ₹27.73 crore. It is entirely a fresh issue, meaning the company is issuing new shares worth 28 lakh units.
No existing investors are selling their stake in this IPO.
The company’s shares will be listed on the BSE SME platform.
Company Profile and Business Model
Mehul Telecom Private Limited runs a multi-brand retail business. It sells smartphones and a wide range of accessories.
These include audio devices, speakers, smartwatches, earphones, headphones, tablets, mobile covers, chargers, screen guards, power banks, warranty plans, car holders, and pen drives.
The company operates through multiple models:
Company-Owned, Company-Operated stores
Franchise-Owned, Franchise-Operated outlets
According to reports, the company had only 27 employees as of March 31, 2026. It was established recently in 2023.
How Will the IPO Funds Be Used?
Out of the total funds raised, ₹22.95 crore will be used for working capital needs.
It is important to note that nearly 97% of the company’s revenue comes from mobile phone sales.
Important Note for Investors
This information is for general awareness only and not investment advice. The stock market involves risks, so it’s always better to consult a financial expert before investin
