Mehul Telecom share price makes a strong debut, stock opens with a 10.20% premium at ₹108 apiece on BSE SME
Mehul Telecom shares debuted positively on BSE SME at ₹108, 10.20% above the issue price of ₹98. The IPO, running from April 17 to April 21, has a subscription status of 31.706x. The company reported ₹152 crore revenue in the last nine months.
Mehul Telecom share price made a positive debut on BSE SME today. Mehul Telecom share price today opened at ₹108, which is 10.20% higher than the issue price of ₹98.
Mehul Telecom IPO started on Friday, April 17, and will conclude on Tuesday, April 21. Mehul Telecom IPO price band was set at ₹96 to ₹98 per equity share, which has a face value of ₹10. Investors could bid for a minimum of 1,200 equity shares, with additional shares available in increments of 1,200. On the third bidding day, Mehul Telecom IPO subscription status was 31.706x, as per chittorgarh.com.
Mehul Telecom runs a retail network that features various mobile device brands, offering smartphones and accessories through both “COCO” (Company Owned, Company Operated) and “FOFO” (Franchisee Owned, Franchisee Operated) formats.
The company advocates for connected lifestyle products and accessories, which include wearables, audio gadgets, and power solutions such as speakers, smartwatches, earphones, headphones, tablets, mobile cases, phone chargers, screen protectors, power banks, phone warranty services, fire sticks, car mounts, USB drives, and much more from a wide range of brands.
The allocation of issues was equitable, with around 50% allocated to qualified institutional buyers, roughly 15% for non-institutional investors, and the remaining 35% reserved for retail investors, showcasing a well-balanced distribution among the categories.
From a financial perspective, the company has shown steady growth. For the nine-month period ending December 2025, it reported revenues of ₹152 crore and a post-tax profit of ₹7.07 crore, an increase from a profit of ₹5.74 crore in FY25, indicating a favourable trend in earnings.
Mehul Telecom IPO details
The issue, amounting to approximately ₹28 crore, involves the issuance of 28.29 lakh new shares. The company aims to complete the share allotment by April 22, with plans for listing on the BSE SME platform set for April 24.
The proceeds from this issuance will mainly be directed towards meeting working capital needs, while any remaining funds will be used for general corporate purposes to support the company’s growth initiatives.
Cumulative Capital Pvt Ltd serves as the lead manager for the issue, with Kfin Technologies Ltd named as the registrar. Nikunj Stock Brokers Ltd has been appointed as the market maker for the company.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
About the Author
Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players. <br><br> At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors. <br><br> Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation. <br><br> Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content.
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