Mehul Telecom SME IPO
Mehul Telecom IPO — date, price band, GMP & allotment 2026
Mehul Telecom Limited SME IPO , founded in 1994, operates as a telecom infrastructure and networking solutions provider. The company supplies optical fibre products, broadband equipment, and enterprise communication systems, following a trading-plus-distribution business model. Its operations are mainly concentrated across Gujarat and Maharashtra, with relationships with telecom operators, ISPs, and corporate clients, while also undertaking project-based deployments and after-sales support services for customers nationwide too.
Stock price
Mehul Telecom is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 11 September.
- Open 17 Apr 2026
- Close 21 Apr 2026
- Allotment 22 Apr 2026
- Refund/credit 23 Apr 2026
- Listing 24 Apr 2026
Issue summary
The terms of the offer, as filed.
| IPO Dates | 17 to 21 Apr, 2026 |
|---|---|
| Price Band | ₹96 – ₹98 |
| Face Value | ₹10 |
| Lot Size | 1200 Shares |
| Issue Size | ₹28 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE SME |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 2,35,200 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 1200 shares at the ₹98 cut-off. The SME retail application is a fixed 2 lots; HNI starts at 3.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 2 | 2,400 | ₹2,35,200 |
| Retail (max) | 2 | 2,400 | ₹2,35,200 |
| HNI (min) | 3 | 3,600 | ₹3,52,800 |
Three years of numbers
All figures in ₹ crore, as reported in the Mehul Telecom offer document.
| Metric | 31 Dec 2025 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 54.41 | 34.41 | 0.10 |
| Total Income | 152.02 | 115.47 | |
| Profit After Tax | 7.07 | 5.74 | -0.01 |
| EBITDA | 9.71 | 8.02 | 3.04 |
| NET Worth | 24.18 | 17.10 | 0.09 |
| Reserves and Surplus | 16.55 | 9.48 | -0.01 |
| Total Borrowing | 3.72 | 0.07 |
See how this IPO compares — view listing performance of all SME IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Mehul Telecom RHP. EPS and P/E are post-issue — the table below carries the pre-issue comparison.
Mehul Telecom IPO Valuation
How the issue prices the company before and after the fresh shares are created.
| Valuation Metric | Post-Issue |
|---|---|
| EPS (₹) | ₹9.02 |
| P/E Ratio (x) | 10.86 |
| Market Cap at Offer Price (₹ Cr) | ₹76.81 |
Pre-issue figures use the shareholding reported in the RHP; post-issue figures use the shareholding once the fresh issue has created new shares. The two differ because of that dilution and because post-issue earnings per share are often annualised, so the change can run in either direction. Market capitalisation is calculated at the ₹98 offer price. Compare the post-issue P/E against listed peers before deciding — a premium there is growth you are paying for in advance.
Where the money goes
₹22.95 Cr of the issue is earmarked to named objects.
About the company
The company’s product and service portfolio includes optical fibre cables, broadband and networking equipment, telecom accessories, surveillance solutions, and enterprise communication systems. It follows a trading-cum-distribution and project execution business model, where it sources products from multiple OEMs and supplies them to customers while also undertaking installation and support services. Revenue is generated through equipment sales, turnkey project execution, and value-added services, supported by long-standing vendor and customer relationships.
Interested in this IPO? Check the live subscription status or browse all upcoming SME IPOs.
0281 2991223
The bankers & the filings
Who is running the book, and the documents this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Cumulative Capital Pvt. Ltd.
3 issues handled (2 mainboard, 1 SME)2 of their issues have listed so far, and 2 opened above the issue price (average +23.1%). That is too small a sample to read as a hit rate.
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Mehul Telecom?
The current Grey Market Premium is ₹4, or 4% over the issue price.
What is the Mehul Telecom IPO price band?
₹96 to ₹98, on a face value of ₹10.
When is the allotment?
The basis of allotment is 22 April 2026, with listing on 24 April 2026.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every SME and Mainboard issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
