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Mehul Telecom Limited

Mehul Telecom Private Limited, incorporated in May 2023, is a multi-brand mobile retail chain that operates through a hybrid business model, combining company-owned stores with franchise-owned outlets. The company offers a wide range of products, including smartphones, tablets, connected lifestyle devices, and accessories such as earphones, smartwatches, chargers, and power banks. Its portfolio features popular brands like Samsung, Apple (iPhone), Vivo, Oppo, Realme, OnePlus, Redmi, Nothing, Infinix, and Xiaomi, giving it a strong presence in the mobile retail market. The company has built a solid retail network across Gujarat, with major revenue coming from key districts such as Rajkot and Morbi. It is focused on expanding its offline retail presence through franchise-led growth, which helps scale the business efficiently while optimizing capital investment.

₹96 - ₹9844.99x sub
Listed Price108.00
Listing Gain+10.20%
TimelineBookbuilding IPO
Open17 Apr 2026
Close21 Apr 2026
Allotment22 Apr 2026
Listing24 Apr 2026

Quota Reservation Portions

AnchorPortion: 7,89,600 shares
27.91%
QIBPortion: 5,50,800 shares
19.47%
HNIPortion: 4,03,200 shares
14.25%
RetailPortion: 9,42,000 shares
33.29%
Market MakerPortion: 1,44,000 shares
5.09%

Minimum Application Bracket Matrix

Retail2 lots / 2,400 shares
₹2,35,200
sHNI3 lots / 3,600 shares
₹3,52,800
bHNI9 lots / 10,800 shares
₹10,58,400

About the Company

Mehul Telecom Private Limited, incorporated in May 2023, is a multi-brand mobile retail chain that operates through a hybrid business model, combining company-owned stores with franchise-owned outlets. The company offers a wide range of products, including smartphones, tablets, connected lifestyle devices, and accessories such as earphones, smartwatches, chargers, and power banks. Its portfolio features popular brands like Samsung, Apple (iPhone), Vivo, Oppo, Realme, OnePlus, Redmi, Nothing, Infinix, and Xiaomi, giving it a strong presence in the mobile retail market. The company has built a solid retail network across Gujarat, with major revenue coming from key districts such as Rajkot and Morbi. It is focused on expanding its offline retail presence through franchise-led growth, which helps scale the business efficiently while optimizing capital investment.

Company Promoters

Mehul Vasantbhai RaymagiyaRaymagiya Hemali Mehulbhai