Mehul Telecom IPO Listing – GMP, Price, Analysis & Full Details

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.