Mehul Telecom
Symbol: MTL | Industry: Communications Services
Grey Market Premium (GMP)
GMP ACTIVE+₹0.00
Updated: Recent₹98.00
Based on Max Price: ₹98.00+0.00%
Projections onlyIPO Quick Highlights
IPO Timeline
- IPO Opens 17 Apr 2026
- IPO Closes 21 Apr 2026
- Allotment Date 22 Apr 2026
- Listing Date 24 Apr 2026
About the Company
Mehul Telecom Limited is an India-based company engaged in the business of operating a multi-brand mobile retail chain offering smartphones and accessories through a hybrid Company-Owned, Company-Operated (COCO) and Franchisee-Owned, Franchisee-Operated (FOFO) retail model. Its retail portfolio comprises products from smartphone and phone accessory manufacturers, namely MI, Samsung, Vivo, Oppo, Realme, Nokia, OnePlus, Redmi, Nothing, Tecno, Intel, Infinix, Xiaomi and other brands. In addition to handsets, it retails connected lifestyle products and peripherals, such as wearables, audio devices, and power solutions, such as speakers, smartwatches, earphones, headphones, tablets, mobile covers, phone chargers, screen guards, power banks, phone warranty plans, fire sticks, car holder clamps, pen drive and others of various brands. It operates under the brand name Mehul Telecom. It operates approximately six COCO stores and 74 FOFO stores.
Promoters & Key Management
| Rank | Officer Name | Designation | Age | Since |
|---|---|---|---|---|
| #1 | Mehul Vasantbhai Raymagiya | Executive Chairman, Managing Director | 43 | 2025 |
| #2 | Chaudhari Irfan Husenbhai | Chief Financial Officer | 30 | 2025 |
| #3 | Richie Dhrumil Vandra | Company Secretary, Compliance Officer | 29 | 2025 |
Financial Performance
Values in ₹ Crores| Key Metric | FY 2024 | FY 2025 | FY 2026 | Trend |
|---|---|---|---|---|
| Total Revenue | 0.00 | 230.77 | 400.24 | Growth |
| Profit After Tax (PAT) | -0.01 | 11.47 | 19.93 | Growth |
| Operating Margin (%) | - | 6.62% | 6.79% | Up |
| Total Assets | 0.10 | 34.41 | 57.75 | - |
| Net Worth | 0.09 | 17.10 | 27.15 | - |
| Borrowings (Debt) | 0.00 | 0.07 | 3.46 | - |
| Debt to Equity Ratio | 0.00 | 0.00 | 0.13 | - |
IPO Valuation
IPO Lot Size Details
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 Lot | 1 Shares | ₹98.00 |
| Retail (Maximum) | 2040 Lots | 2040 Shares | ₹199,920.00 |
| Small HNI (sNII - Min) | 2041 Lots | 2041 Shares | ₹200,018.00 |
| Small HNI (sNII - Max) | 10204 Lots | 10204 Shares | ₹999,992.00 |
| Big HNI (bNII - Min) | 10205 Lots | 10205 Shares | ₹1,000,090.00 |
Peer Companies Comparison
| Company | CMP (₹) | P/E Ratio | P/B Ratio | Market Cap |
|---|---|---|---|---|
| Mehul Telecom (This IPO) | ₹98.00 | 3.27 | 3.29 | ₹87 Cr. |
| Bharti Airtel | ₹1,925.05 | 40.08 | 8.81 | ₹1,172,987 Cr. |
| Vodafone Idea | ₹14.17 | - | - | ₹153,522 Cr. |
| Bharti Hexacom | ₹1,466.95 | 55.74 | 12.35 | ₹73,139 Cr. |
| Tata Communications | ₹1,890.00 | 39.52 | 12.73 | ₹53,951 Cr. |
| Tata Teleservices (Maharashtra) | ₹42.21 | - | - | ₹8,252 Cr. |
