How to Check Mehul Telecom IPO Allotment Status

Incorporated in May 2023, 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 including speakers, smartwatches, earphones, headphones, tablets, mobile covers, phone chargers, screen guards, power banks, phone warranty plans, fire sticks, car holder clamps, and pen drives of various brands.

Mehul Telecom IPO is a book build issue of ₹27.73 crore, entirely comprising a fresh issue of 0.28 crore shares aggregating to ₹27.73 crore. The IPO opened on April 17, 2026, and closed on April 21, 2026. The allotment is expected on Wednesday, April 22, 2026. The share price band was set at ₹96 to ₹98 per share.
 

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Steps to Check Mehul Telecom IPO Allotment Status on Registrar Site

• Visit the BSE IPO Allotment Status Page Kfin Technologies Ltd.
• Select "Mehul Telecom" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Mehul Telecom IPO Allotment Status on BSE/NSE

• Navigate to the BSE IPO Allotment Status Page.
• Select the issue type: equity/debt
• Choose "Mehul Telecom" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Mehul Telecom IPO Subscription Status

Mehul Telecom IPO subscribed 44.88 times overall. Here is the category-wise breakdown as of 4:59:34 PM on April 21, 2026:

• QIB Category (Ex Anchor): 32.50 times
• Non-Institutional Investors (NII): 79.34 times
• Individual Investors: 37.37 times

Mehul Telecom IPO Share Price and Investment Details

The minimum investment required was ₹2,35,200 for 2 lots (2,400 shares) for individual investors. The issue raised ₹7.74 crore from anchor investors. The issue includes a reservation of up to 1,44,000 shares for the market maker, Nikunj Stock Brokers Ltd. The anchor investor lock-in period ends on May 22, 2026 for 50% of shares (30 days) and July 21, 2026 for the remaining shares (90 days). Given the overall subscription of 44.88 times with strong institutional interest at 32.50 times, robust NII participation at 79.34 times, and healthy individual investor subscription at 37.37 times, the share price listing expectations remain highly positive.

Utilisation of IPO Proceeds

The proceeds will be utilised for funding of working capital needs (₹22.95 crore) and general corporate purposes.

Business Overview

Mehul Telecom Limited is in the business of retailing multi-brand mobiles and other electronic products. It generates average over 97% of revenues per year from mobile sales. The company posted growth in its top and bottom lines for the reported periods. Inflated profits from FY25 onwards appear to be window dressing for fetching fancy valuations for the IPO. The company operates in a highly competitive and fragmented segment.

The company demonstrated financial performance with total income of ₹115.47 crore for FY2025 and a net worth of ₹24.18 crore as of December 31, 2025. The company benefits from experienced promoters and management team, an extensive distribution network in Gujarat, a comprehensive product range, strategic store locations and customer experience, and low capital requirements for growth. However, investors should note the post-issue P/E ratio of 10.86 and Price to Book Value of 4.17.