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Mehul Telecom IPO Subscription Status

Innovision IPO Discussion

IPO Guru Community · 2026-03-05T09:55:25+05:30

Innovision IPO opened from 10 Mar to 17 Mar 2026 and listed on 23 Mar 2026 at ₹467.70 — a loss of -14.65% over the issue price of ₹548.

The Mehul Telecom IPO has been subscribed 41.81x times overall. Retail investors have shown interest with bids for 37.41x the shares available. The Non-Institutional Investor (NII) category has been subscribed 58.75x. Within NII, Big HNI (B-HNI) subscribed 96.96x and Small HNI (S-HNI) subscribed 45.29x. Qualified Institutional Buyers (QIBs) have subscribed 32.5x. Data last updated on 22 Jul, 01:04 PM.

The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 17 Apr, 2026 and closes on 21 Apr, 2026. The shares are expected to list on stock exchanges on 24 Apr, 2026.

Full Details Check GMP

Live Subscription Data
Day-wise Subscription History
Allotment Probability
What Does This Subscription Data Mean?
Frequently Asked Questions

Total Subscription

41.81 x

18,671 applications

QIB 32.5x

NII 58.75x

Retail 37.41x

Live Bidding

Category	Offered	Applied	Applications	Bid Details	TIMES
QIB	5,49,600	1,78,60,800	22	1,78,60,800 of 5,49,600 22 applications	32.5x
1(a) Foreign Institutional Investors (FIIs)	0	21,14,400	4	21,14,400 4 applications
1(b) Domestic Financial Institutions (Banks/FIs/Insurance)	0	0	-	0
1(c) Mutual Funds	0	0	-	0
1(d) Others	0	1,57,46,400	18	1,57,46,400 18 applications
NII	5,47,200	3,21,50,400	3,948	3,21,50,400 of 5,47,200 3,948 applications	58.75x
2.1 Big NII — bid amount above ₹10 Lakh	2,68,800	2,60,62,800	2,357	2,60,62,800 2,357 applications	96.96
2.1(a) Corporates	0	2,83,200	26	2,83,200 26 applications
2.1(b) Individuals (other than RIIs)	0	2,49,22,800	2,264	2,49,22,800 2,264 applications
2.1(c) Others	0	8,56,800	67	8,56,800 67 applications
2.2 Small NII — bid amount ₹2–10 Lakh	1,34,400	60,87,600	1,591	60,87,600 1,591 applications	45.29
2.2(a) Corporates	0	64,800	18	64,800 18 applications
2.2(b) Individuals (other than RIIs)	0	59,18,400	1,544	59,18,400 1,544 applications
2.2(c) Others	0	1,04,400	29	1,04,400 29 applications
Retail	9,43,200	3,52,82,400	14,701	3,52,82,400 of 9,43,200 14,701 applications	37.41x
TOTAL	20,40,000	8,52,93,600	18,671	8,52,93,600 18,671 applications -	41.81x

Last Updated: 22 Jul 2026, 01:04 PM

Subscription Insights

Retail Allotment

High demand detected. The retail category is heavily oversubscribed, making the allotment a lottery where only 1 out of every 38 applicants will be successful.

Institutional Backing

Massive institutional interest with QIBs subscribing 32.5x. This often signals long-term confidence from professional funds.

Day-wise Subscription History

Subscription trends over the last 3 days

Date	Total	QIB	NII	Retail
21 Apr 2026 DAY 3	41.81x	32.5x	58.75x	37.41x
QIB 32.5x NII 58.75x Retail 37.41x
20 Apr 2026 DAY 2	9.28x	1.38x	17.08x	9.36x
QIB 1.38x NII 17.08x Retail 9.36x
17 Apr 2026 DAY 1	3.64x	1.34x	9.82x	2.34x
QIB 1.34x NII 9.82x Retail 2.34x

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Mehul Telecom IPO Allotment Probability

Retail (up to ₹2 L)

1 in 19

~5.3% chance per PAN — 14,701 applicants for 786 allotment slots. Winners get exactly 1 lot (₹1.2 L) by SEBI lottery, however many lots you bid.

Small HNI (₹2–10 L)

1 in 29

~3.5% chance — 1,591 applicants for 56 allotment slots. Lottery allots the minimum S-HNI application of 2 lots (₹2.4 L) per winner; bidding bigger doesn't improve odds.

Big HNI (above ₹10 L)

1 in 99

~1% chance — 2,357 applicants for 24 allotment slots. Lottery allots the minimum B-HNI application of 9 lots (₹10.6 L) per winner; the rest is proportionate.

QIB (institutions)

32.5x

Proportionate allotment — at 32.5x, institutions receive ~3.1% of their bid. No lottery; not open to individual investors. Strong institutional endorsement.

Odds marked with applicant counts are computed from the exchange's actual application data (applicants ÷ allotment slots); others assume minimum-size bids at the current subscription multiple. Retail and HNI allotment is by SEBI-mandated lottery of the minimum application when oversubscribed; QIB allotment is proportionate. Numbers move until subscription closes. This is not investment advice.

What Does This Subscription Data Mean?

IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:

QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.

Data sourced from BSE/NSE. Subscription numbers are updated during market hours (10 AM – 5 PM IST) on active subscription days.

Frequently Asked Questions

What is the current subscription status of Mehul Telecom IPO?

As of IPO close date (21 Apr, 2026), the Mehul Telecom IPO is subscribed 41.81x times. Retail category is 37.41x, and NII is 58.75x subscribed.

When is the allotment date for Mehul Telecom IPO?

The allotment for Mehul Telecom IPO is expected to be finalized on 22 April, 2026.

What is the GMP of Mehul Telecom?

The Grey Market Premium (GMP) for Mehul Telecom is currently ₹4, indicating a potential listing gain of 4%.

When will Mehul Telecom IPO list on the stock market?

Mehul Telecom is scheduled to list on BSE and NSE on 24 April, 2026.

What are the chances of getting allotment in Mehul Telecom IPO?

The retail category is oversubscribed at 37.41x, meaning allotment is by lottery. Statistically, approximately 1 in 38 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

What does QIB subscription of 32.5x mean for Mehul Telecom IPO?

Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 32.5x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.

How to check Mehul Telecom IPO allotment status?

After the allotment date (22 Apr, 2026), you can check your Mehul Telecom IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.