Mehul Telecom IPO
Mehul Telecom IPO Details
-
Open Date
17 Apr 2026
-
Close Date
21 Apr 2026
-
Listing Date
24 Apr 2026
- IPO Price Range
₹ 96 to ₹98
- IPO Size
₹ 27.73 Cr
- Listing Exchange
BSE SME
Mehul Telecom IPO Timeline
Last Updated: 17 April 2026 5:27 AM by 5paisa
Mehul Telecom Private Limited is a multi-brand mobile retail chain operating through a hybrid COCO and FOFO model. The company offers smartphones and tablets from leading brands like Apple, Samsung, Xiaomi, Vivo, and OnePlus, along with a wide range of accessories such as wearables, audio devices, chargers, and power solutions. It focuses on delivering connected lifestyle products through company-owned stores and franchise-operated outlets across Gujarat.
Established in: 2023
Managing Director: Mr. Mehul Vasantbhai Raymagiya
Peers:
1. Fonebox Retail limited
2. Jay Jalaram Technologies Limited
3. Bhatia Communications & Retail (India) Limited
Mehul Telecom Objectives
1. Funding of working capital needs (₹22.95 Cr.)
2. General Corporate Purposes
Mehul Telecom IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹27.73 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹27.73 Cr |
Mehul Telecom IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,400 | 2,30,400 |
| Retail (Max) | 2 | 2,400 | 2,35,200 |
| S - HNI (Min) | 3 | 3,600 | 3,45,600 |
| S - HNI (Max) | 8 | 9,600 | 9,40,800 |
| B - HNI (Min) | 9 | 10,800 | 10,36,800 |
| Particulars (In ₹ Crores) | FY24 | FY25 |
| Revenue | 107.20 | 120.89 |
| EBITDA | 3.04 | 8.02 |
| PAT | 2.19 | 6.04 |
| Particulars (In ₹ Crores) | FY24 | FY25 |
| Total Assets | 0.10 | 34.41 |
| Share Capital | 0.10 | 7.62 |
| Total Liabilities | 0.10 | 34.41 |
| Cash Flows (₹ Crores) | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | -0.09 | -11.29 |
| Net Cash Generated From / (used in) Investing Activities | - | -0.19 |
| Net Cash Generated From / (used in) Financing Activities | 0.10 | 15.45 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 0.01 | 3.40 |
Strengths
1. Wide multi-brand portfolio attracts diverse customer segments
2. Hybrid COCO FOFO model ensures scalable retail expansion
3. Strong presence across Gujarat builds regional brand recall
4. Diverse accessories range increases average transaction value
Weaknesses
1. Heavy dependence on third-party smartphone brands supply
2. Limited geographic presence restricts national growth opportunities
3. Franchise model may lead to inconsistent customer experience
4. Low differentiation compared to other multi-brand retailers
Opportunities
1. Expansion into Tier 2 and Tier 3 cities
2. Growing demand for smart devices and accessories
3. E-commerce integration can boost omnichannel retail presence
4. Partnerships with brands for exclusive product launches
Threats
1. Intense competition from online marketplaces and pricing wars
2. Rapid technology changes may impact inventory management
3. Brand dependency limits pricing power and margins control
4. Economic slowdown can reduce discretionary consumer spending
1. Asset-light hybrid model supports scalable and efficient expansion
2. Strong regional presence with potential for national growth
3. Diverse product portfolio drives consistent revenue streams
4. Benefiting from rising smartphone and accessories demand trends
Mehul Telecom operates in India’s rapidly expanding mobile retail market, driven by rising smartphone penetration and demand for connected lifestyle products. With its hybrid COCO and FOFO model, the company is well-positioned to scale efficiently while maintaining operational control. Growing demand in Tier 2 and Tier 3 cities, coupled with increasing accessory adoption, offers strong growth potential. Its regional dominance in Gujarat provides a solid foundation for future geographic expansion.
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FAQs
Mehul Telecom IPO opens from April 17, 2026 to April 21, 2026.
The size of Mehul Telecom IPO is ₹27.73 Cr.
The price band of Mehul Telecom IPO is fixed at ₹96 to ₹98 per share.
To apply for Mehul Telecom IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Mehul Telecom. IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Mehul Telecom IPO is of 2,400 shares and the investment required is ₹2,30,400.
The share allotment date of Mehul Telecom IPO is April 22,2026
The Mehul Telecom IPO will likely be listed on April 24, 2026.
Cumulative Capital Pvt.Ltd is the book running lead managers for Mehul Telecom IPO.
Mehul Telecom IPO plans to utilise the raised capital from the IPO for:
1. Funding of working capital needs (₹22.95 Cr.)
2. General Corporate Purposes