Mehul Telecom IPO
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Mehul Telecom IPO details
Schedule of Mehul Telecom
| Issue open date | 17 Apr 2026 |
| Issue close date | 21 Apr 2026 |
| UPI mandate deadline | 21 Apr 2026 (5 PM) |
| Allotment finalization | 22 Apr 2026 |
| Refund initiation | 23 Apr 2026 |
| Share credit | 23 Apr 2026 |
| Listing date | 24 Apr 2026 |
| Mandate end date | 06 May 2026 |
| Lock-in end date for anchor investors (50%) | 22 May 2026 |
| Lock-in end date for anchor investors (remaining) | 21 Jul 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Mehul Telecom
Mehul Telecom Limited is engaged in the business of retailing mobile phones and related electronic products through a multi-brand retail network. The company operates a chain of stores across Gujarat under both company-owned (COCO) and franchisee-operated (FOFO) models, generating revenue primarily from the sale of smartphones, electronic devices, and mobile accessories. Its product portfolio includes handsets from various brands along with accessories such as chargers, earphones, power banks, and other peripherals, and extends to certain consumer electronics and lifestyle products. The company follows a single-segment business model focused on trading and retail distribution of these products. It leverages a physical store network supported by centralised operations to reach customers and drive sales. Overall, its business is built around retail distribution, product sales, and expansion of its store network within its operating region.
Financials of Mehul Telecom
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 27.73 |
| Fresh Issue – Proceeds go to the company | 27.73 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding of working capital needs | 22.95 (82.75%) |
| General corporate purposes | 4.78 (17.25%) |
Strengths
- Wide retail network with 80 stores across Gujarat supports a strong market presence.
- The hybrid COCO and FOFO model helps scale operations efficiently.
- Promoters have over 17 years of experience in retail distribution and sales.
- Diverse product portfolio across smartphones, accessories, and electronics.
- Consistent growth in revenue and store expansion over recent years.
Risks
- Business operations are concentrated only in Gujarat, limiting geographic diversification.
- Risk of market saturation due to the increasing number of stores in the same region.
- Changes in regulations, taxes, or economic conditions can impact business performance.
- Expansion into new regions may require significant resources and may not succeed.
- Limited operating history as a company makes it difficult to evaluate performance.