Mehul Telecom Share Price: Mehul Telecom shares debuted on the BSE SME platform on Friday (April 24, 2026), yielding a listing gain of over 10 per cent to its investors. As per data available on the BSE, Mehul Telecom shares opened at Rs 108, up Rs 10 or 10.2 per cent apiece.
The listing of Mehul Telecom was in line with the grey market activity, which indicated a solid debut.
Mehul Telecom Share Price Close On Day 1
Mehul Telecom shares closed the debut trading session with a gain of Rs 11.94 or 12.18 per cent at Rs 109.94.
Mehul Telecom's market capitalisation stood at Rs 114.90 crore on the day 1, with a free float of Rs 22.19 crore.
Mehul Telecom Share Price: IPO Subscription Data
Mehul Telecom's Rs 28 crore SME IPO was booked a whopping nearly 45 times. The subscription was led by high-net-worth investors (HNIs). The portion also saw a healthy subscription.
Mehul Telecom IPO was available in a lot size of 1,200 shares. The minimum amount of investment for each lot for an individual investor (retail) was Rs 2,35,200 (2,400 shares). For the HNI quota, the minimum lot size was 3 of 3,600 shares, worth Rs 3,52,800.
Mehul Telecom Share Price: About Company
Mehul Telecom is a Rajkot-based company. It is a multi-brand mobile retail chain.
Mehul Telecom operates through hybrid models 'COCO' (Company Owned, Company Operated) and 'FOFO' (Franchisee Owned, Franchisee Operated). Mehul Telecom specialises in smartphones and accessories.
Mehul Telecom reported a revenue of over Rs 150 crore in the first nine months of the financial year 2026 (9MFY26). Its profit in the 9M stood at around Rs 7 crore.
Mehul Telecom has said that the funds raised via IPO will be utilised to meet working capital needs.
Cumulative Capital was the book running lead manager for Mehul Telecom. Kfin Technologies was the registrar for Mehul Telecom IPO.
