The Mehul Telecom IPO Listing is drawing attention among SME IPO investors as the issue enters the market with moderate fundamentals and a small issue size. Investors are closely watching the listing date, GMP trends, and valuation to estimate potential returns.
In this article, we cover Mehul Telecom IPO listing date, GMP, price band, financials, strengths, risks, and complete analysis.
Mehul Telecom IPO Listing Date & Timeline
The IPO schedule is as follows:
IPO Open Date: April 17, 2026
IPO Close Date: April 21, 2026
Allotment Date: April 22, 2026
Refund Initiation: April 23, 2026
Mehul Telecom IPO Listing Date: April 24, 2026 (Expected)
The IPO will be listed on BSE SME platform
Mehul Telecom IPO Details
Issue Size: ₹27.73 Crore
Issue Type: Book Build SME IPO
Fresh Issue: 0.28 Crore shares
Price Band: ₹96 to ₹98 per share
Face Value: ₹10 per share
Lot Size
Retail Minimum: 2 Lots (2400 shares)
Investment: ₹2,35,200
HNI Minimum: 3 Lots (3600 shares)
Mehul Telecom IPO GMP Today
The latest Mehul Telecom IPO GMP is:
👉 ₹3 per share (as of April 17, 2026)
📊 Estimated Listing Price
Upper Price Band: ₹98
GMP: ₹3
Expected Listing Price: ₹101
👉 Expected Listing Gain: ~3%
⚠️ GMP is unofficial and may change before the actual listing.
About Mehul Telecom Limited
Mehul Telecom Limited operates as a multi-brand mobile retail chain offering smartphones and accessories through a hybrid model:
Business Model:
COCO: Company Owned Company Operated stores
FOFO: Franchise Owned Franchise Operated outlets
Product Range:
Smartphones and tablets
Smartwatches and wearables
Audio devices (earphones, headphones, speakers)
Accessories like chargers, covers, power banks
Lifestyle gadgets and peripherals
👉 The company mainly serves customers looking for connected lifestyle products
Financial Performance
Key Highlights (FY 2025):
Total Income: ₹152.02 Cr
Profit After Tax: ₹7.07 Cr
EBITDA: ₹9.71 Cr
Net Worth: ₹24.18 Cr
Growth Insight:
Revenue and profit show steady growth
EBITDA margins remain moderate
📈 Valuation Analysis
EPS (FY25): ₹8.30
P/E Ratio: 11.80x
👉 Compared to peers:
Fonebox Retail: ~14.45x
Jay Jalaram Technologies: ~17.13x
✔ IPO appears reasonably priced
Strengths of Mehul Telecom IPO
Strong distribution network in Gujarat
Experienced promoters and management
Wide product portfolio
Strategic retail locations
Asset-light expansion model
Risks & Weaknesses
Heavy dependence on one region (Gujarat)
Highly competitive mobile retail industry
Limited operating history
Low GMP indicates weak listing sentiment
Objective of the IPO
The company plans to use IPO funds for:
Working capital requirements (~₹22.95 Cr)
General corporate purposes
Mehul Telecom IPO Listing Analysis
The Mehul Telecom IPO Listing outlook appears neutral to slightly positive based on:
✔ Reasonable valuation
✔ Growing financials
❌ Low GMP (~₹3)
❌ Competitive industry
👉 Listing gains may be limited (~2–5%), unless demand increases before listing.
Final Verdict
The Mehul Telecom IPO Listing is suitable for:
Investors looking for SME IPO exposure
Those comfortable with moderate risk and low listing gains
Not ideal for aggressive listing gain seekers due to low GMP.
Summary
Listing Date: April 24, 2026
Price Band: ₹96–₹98
GMP: ₹3
Expected Gain: ~3%
Valuation: Fair
Disclaimer
IPO investments involve risk. Always consult a financial advisor before investing.
Post a Comment