Mehul Telecom Ltd.
MEHULSME
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Overview
Mehul Telecom Limited operates a multi-brand mobile retail chain in Gujarat under the brand name 'Mehul Telecom'. The company utilizes a hybrid model of Company-Owned, Company-Operated (COCO) and Franchisee-Owned, Franchisee-Operated (FOFO) stores. Its product portfolio includes smartphones, tablets, and accessories from major brands like Samsung, MI, Vivo, and Oppo. As of the prospectus date, the network consists of 80 stores across Gujarat, with 6 being COCO and 74 being FOFO. The business was initially started as a proprietorship in 2008 and was later acquired by the incorporated company in 2024.
Opening Date
Apr 17, 2026
Closing Date
Apr 21, 2026
Listing Date
Apr 24, 2026
IPO Type
SME
IPO Status
Upcoming
Issue Size
—
Fresh Issue
27.73 Cr
Offer for Sale
0 Cr
Price Band
₹96 - ₹98
Lot Size
1200
IPO Timeline
Financials
Revenue
Profit After Tax (PAT)
IPO Objective
The main objectives of the issue are to utilize the net proceeds for the following purposes:
- •
To fund the company's working capital needs, which includes maintaining sufficient inventory levels of smartphones and accessories to support the expanding network of retail stores and to avail bulk purchase discounts.
- •
To allocate funds for general corporate purposes, which may include strategic initiatives, brand building activities, meeting operational expenses, and other business requirements as they arise.
- •
To meet the expenses related to the Initial Public Offering, including fees for bankers, legal advisors, auditors, and other regulatory and listing expenses.
Key Performance Indicator
P/E Ratio
13.02
EPS
7.53
ROE
34.27%
ROCE
34.8%
RONW
29.25%
Debt to Equity Ratio
—
PAT Margin
4.65%
EBITDA Margin
6.39%
P/B
—
SWOT Analysis
Strengths
- •
Experienced promoters and management team with deep knowledge of the mobile retail industry.
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Extensive distribution network with 80 stores providing a strong retail footprint across Gujarat.
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A comprehensive product range from all major smartphone and accessory brands.
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Capital-efficient growth model using a franchise (FOFO) system for rapid expansion.
Weaknesses
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High geographical concentration, with all operations limited to the state of Gujarat.
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Dependence on the performance of franchisee-owned stores for a significant portion of revenue.
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Risks associated with managing store portfolio, including costs related to closing underperforming stores.
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Requirement to maintain high inventory levels, which ties up significant working capital.
Opportunities
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Further expansion into untapped districts and Tier-II/Tier-III cities within Gujarat.
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Increasing brand visibility through targeted digital marketing and advertising campaigns.
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Diversification into other consumer durables like washing machines and air conditioners.
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Leveraging strong customer relationships and market expertise to enhance brand loyalty.
Threats
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Intense competition from online platforms, large electronics retail chains, and local retailers.
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Adverse changes in economic conditions, government policies, or tax regulations affecting consumer spending.
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Rapid technological obsolescence and shifts in consumer preferences in the mobile industry.
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Potential disruptions in the global supply chain for electronic components and devices.
Subscription Rate
Frequently Asked Questions about Mehul Telecom Ltd.
Mehul Telecom Limited operates a multi-brand mobile retail chain in Gujarat under the brand name 'Mehul Telecom'. The company utilizes a hybrid model of Company-Owned, Company-Operated (COCO) and Franchisee-Owned, Franchisee-Operated (FOFO) stores. Its product portfolio includes smartphones, tablets, and accessories from major brands like Samsung, MI, Vivo, and Oppo. As of the prospectus date, the network consists of 80 stores across Gujarat, with 6 being COCO and 74 being FOFO. The business was initially started as a proprietorship in 2008 and was later acquired by the incorporated company in 2024.
The Mehul Telecom Ltd. IPO is scheduled to open for subscription on Apr 17, 2026 and close on Apr 21, 2026. Investors can apply for shares during this period through eligible platforms.
The price band for the Mehul Telecom Ltd. IPO is ₹96 to ₹98. Investors can place bids within this range once the issue opens.
The minimum lot size for the Mehul Telecom Ltd. IPO is 1200 shares. The minimum investment amount ₹1,17,600.
The total issue size of the Mehul Telecom Ltd. IPO is will be disclosed closer to the issue opening. Issue size represents the total value of shares offered to the public.
As per the latest available information, the Mehul Telecom Ltd. IPO has been subscribed data will be available once the issue opens. Subscription levels can change significantly during the offer period.
The Grey Market Premium (GMP) for the Mehul Telecom Ltd. IPO is not available as of now. GMP reflects unofficial market sentiment and should not be considered a guarantee of listing performance.
The shares of Mehul Telecom Ltd. are expected to list on stock exchanges on Apr 24, 2026, subject to completion of the allotment process and regulatory approvals.
The net proceeds from the Mehul Telecom Ltd. IPO are proposed to be used for The main objectives of the issue are to utilize the net proceeds for the following purposes:, To fund the company's working capital needs, which includes maintaining sufficient inventory levels of smartphones and accessories to support the expanding network of retail stores and to avail bulk purchase discounts., To allocate funds for general corporate purposes, which may include strategic initiatives, brand building activities, meeting operational expenses, and other business requirements as they arise., To meet the expenses related to the Initial Public Offering, including fees for bankers, legal advisors, auditors, and other regulatory and listing expenses.
Before applying for the Mehul Telecom Ltd. IPO, investors generally review the company’s business model, financial performance, valuation, industry outlook, and risk factors mentioned in the offer document.
