Mehul Telecom IPO Opens 17 April: Here’s The Price Band And Key Details

The small and medium enterprise initial public offering (SME IPO) market in India remains active in 2026 as smaller firms are accessing the public markets to finance their growth and operations.

Among these offerings is Mehul Telecom Limited, which is in the telecom infrastructure and network solutions business. The business of the company is directly related to the expansion of telecom, the growth of digital infrastructure, and the trend of rising data consumption in India.

The Mehul Telecom IPO is a book-built SME issue of 28,29,600 shares with an issue size of approximately ₹27.73 crore, indicating a relatively small but focused capital raise.

Mehul Telecom India IPO Allocation Details

The business has allocated the IPO allocation amongst investor categories as follows:

• Qualified Institutional Buyers (QIBs): 49.91%

• Non-Institutional Investors (NIIs): 15.01%

• Retail Investors: 35.08%

About Mehul Telecom

Mehul Telecom Private Limited was registered in May 2023. The company has a multi-brand mobile retail chain business, which deals with smartphones, accessories, and connected lifestyle products on the basis of hybrid retailing.

The business is based on a Company Owned Company Operated (COCO) and Franchise Owned Franchise Operated (FOFO) structure that allows both operational control and scalable growth with comparably lower capital demands.

It sells a variety of products, such as smartphones and tablets, accessories, including speakers, smartwatches, earphones, headphones, chargers, power banks, screen guards, and other mobile accessories.

It also sells products, such as fire sticks, car holder clamps, pen drives, and mobile warranty plans, among other top brands in India.

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What Does This Mean For Investors?

The Mehul Telecom IPO presents exposure to the SME retail segment of the expanding mobile and digital ecosystem in India, where demand is underpinned by increasing smartphone penetration and accessory usage.

The hybrid COCO-FOFO model of the company allows it to expand on a larger scale with comparatively fewer capital needs, whereas the emphasis on working capital suggests that the company attempts to enhance the stability of its operations.

Investors, however, need to take into consideration that SME IPOs are usually associated with increased risk, reduced liquidity, and low track record visibility. Before making an investment decision, it will be important to monitor subscription demand, execution consistency, and the sustainability of growth in the region.

Sources:

Chittorgarh

Business Standard