Mehul Telecom Company and IPO Details

Mehul Telecom Limited (MTL) is a company operating in the telecom sector. It is a multi-brand mobile retail chain, incorporated in May 2023. On 14 July 2025, it filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI). The company’s IPO is set to open for subscription from 17 to 21 April 2026 on the BSE SME platform.

If you’re an investor, especially one who is interested in the telecom sector, check out this blog post. Here, we explain Mehul Telecom and its IPO details to help you make an informed investment decision.

Mehul Telecom Company Details

Mehul Telecom Limited (MTL) is a Gujarat-based multi-brand retail chain that deals in smartphones, consumer electronics and mobile accessories. In 2007, it was founded as a proprietorship firm. In May 2023, it was incorporated as a company. The registered office of Mehul Telecom is located in Rajkot, Gujarat. Mehul Telecom’s founder and promoter is Mehul Vasantbhai Raymagiya. The company is named after him. He serves as the Mehul Telecom’s Chairman as well as Managing Director. 

Its product portfolio includes leading global brands like Apple, OnePlus, Samsung, Oppo, Vivo and Xiaomi. The company retails a wide range of products, from mobile handsets and tablets to televisions, refrigerators and air conditioners. MTL operates through a hybrid COCO (company-owned, company-operated) and FOFO (franchisee-owned, franchisee-operated) model. 

It has six flagship COCO stores that offer a direct brand experience, while 74 FOFO outlets help the company expand quickly across the region. Customers at these stores can pay using UPI, mobile wallets and integrated POS terminals. 

Mehul Telecom Chairman, Company Secretary & Director Details

The key managerial personnel of MTL are listed below :-

Mehul Telecom IPO Details

The details of Mehul Telecom IPO are provided below :-

MTL filed its DRHP with SEBI on 14 July 2025. The IPO is a 100% book-built issue of up to 28.29 lakh equity shares, entirely consisting of a fresh issue, with a face value of Rs. 10 per share. The price band is set between Rs. 96 and Rs. 98 per share, and the lot size is 1,200 shares. The retail investors must apply for a minimum of 2 lots (2,400 shares), which amounts to a minimum investment of Rs. 2,35,200 (at the upper price band). The Mehul IPO will open for subscription from April 17 on the BSE SME platform. The last date to apply for the IPO is April 21, 2026. The basis of allotment for this IPO is scheduled for April 22, 2026. After allotment, successful investors can expect the IPO shares to be credited to their demat accounts by the next day, i.e., April 23, 2026.

The IPO is expected to be listed on April 24, 2026. Cumulative Capital Pvt. Ltd. is the book-running lead manager, while Kfin Technologies Ltd. is the registrar to the issue. The IPO aims to raise Rs. 27.73 crore on the BSE SME platform. The IPO funds will be utilized by the company for working capital requirements and general corporate purposes.

Conclusion

The IPO of Mehul Telecom is set to open for subscription on 17 April 2026. The price band for this IPO is between Rs. 96 to Rs. 98. The company aims to raise Rs. 27.73 crore via the BSE SME platform. If you are an investor, make sure to weigh the pros and cons of applying for this IPO. The deadline for this IPO is 21 April 2026. After this date, the applications for this IPO will no longer be accepted. So, if you want to apply for this IPO, make sure to do it in a timely manner. 

It is important to note that the SME IPOs are generally riskier than Mainboard IPOs. This is because the smaller entities are more vulnerable to market fluctuations and business failures. However, this is obviously not the fate of every SME IPO. 

Want to launch an IPO for your company? Get in touch with our IPO consultants at Registrationwala for availing our IPO consulting services.

Frequently Asked Questions (FAQs)

Q1. What is the Mehul Telecom Limited IPO price band?

A. The price band for this IPO is Rs. 96 to Rs. 98 per share.

Q2. Where is the registered office of Mehul Telecom Ltd.?

A. MTL’s Registered Office address is: West Gate Shop 223 150ft R.Rd, Rajkot Raiya Road, Rajkot - 360007, Gujarat, India.

Q3. What is Mehul Telecom IPO subscription date?

A. The IPO will open for subscription on 17 April 2026. Investors who want to apply for this IPO can do so till 21 April 2026. 

Q4. What is Mehul Telecom IPO allotment date?

A. The allotment date for this IPO is 22 April 2026.

Q5. Who is the registrar for the Mehul Telecom SME IPO?

A. KFin Technologies Ltd. is the registrar for the Mehul Telecom Ltd SME IPO.

Q6. Who is the Book-running lead manager for Mehul Telecom’s SME IPO?

A. Cumulative Capital Pvt. Ltd. is the Book-running lead manager for this IPO. 

Q7. Who is the founder of Mehul Telecom?

A. Mehul Telecom’s founder is Mehul Vasantbhai Raymagiya. He serves as the company’s Chairman and Managing Director. 

Disclaimer:- We have tried our best to provide accurate and up-to-date information in this article. However, we cannot guarantee the information’s completeness/accuracy. This content is meant for informational purposes only and should not be considered by anyone as financial advice. Please do your own research or consult a professional before making any investment decisions. We are not responsible for any losses you may incur. Invest at your own risk. 

Author: Dushyant Sharma

Hey there, I'm Dushyant Sharma. With the extensive knowledge I've gained in past 8 years, I have been creating content on various subjects such as banking, insurance, telecom, and all the important registration and licensing processes for various companies. I'm here to help everyone with my expertise in these areas through my articles.