Mehul Telecom IPO: Live Allotment Status, GMP & Subscription Details
The Mehul Telecom IPO has now closed, and investors are tracking three key things: allotment status, Grey Market Premium (GMP), and final subscription numbers.
Here is the latest verified data and what it actually means for your investment.
Mehul Telecom IPO Key Details
| Particulars | Details |
|---|---|
| IPO Dates | 17 April to 21 April 2026 |
| Price Band | ₹96 to ₹98 per share |
| Lot Size | 1,200 shares |
| Issue Size | ₹27.73 crore |
| Allotment Date | 22 April 2026 |
| Listing Date | 24 April 2026 |
| Exchange | NSE SME |
The IPO is a book-built SME issue focused on raising funds for growth and operations.
Mehul Telecom IPO GMP
| GMP (₹) | Premium % | Expected Listing Price |
|---|---|---|
| ₹3 to ₹3.5 | ~3% to 4% | ₹101 to ₹102 |
- Earlier GMP ranged between ₹2.5 and ₹3.5
- Indicates mild investor interest, not aggressive demand
What This Means
- GMP is positive but low, suggesting modest listing gains
- Market sentiment is cautiously optimistic
- SME IPOs with low GMP often see limited upside or flat listing
Mehul Telecom IPO Subscription Details
| Category | Subscription (Times) |
|---|---|
| QIB | 1.35x |
| NII (HNI) | 7.24x |
| Retail | 2.34x |
| Total | 3.38x |
- Overall subscription is decent but not very high
- HNI demand is strong, retail participation is moderate
What Subscription Signals
- Above 1x means the IPO was fully subscribed
- 3.38x suggests healthy but not blockbuster demand
- Retail allotment chances remain limited due to oversubscription
Mehul Telecom IPO Allotment Status
- Allotment Date: 22 April 2026
- Status is expected to be available today or shortly after finalization
How to Check Allotment Status
You can check using:
1. Registrar (KFin Technologies)
- Enter PAN or application number
2. BSE / NSE IPO Pages
- Select IPO name
- Enter PAN or DP ID
If shares are not allotted, funds will be released automatically.
Expected Listing Performance
Based on current data:
- GMP suggests listing around ₹101 to ₹102
- Estimated gain: 3% to 4%
- Subscription is decent but not very strong
Final Outlook
- Likely modest listing gains or flat debut
- Not a high-hype IPO
- SME volatility remains a key risk
About Mehul Telecom
Mehul Telecom operates a multi-brand retail chain for:
- Smartphones
- Consumer electronics
- Accessories
It follows a mix of:
- Company-owned stores (COCO)
- Franchise model (FOFO)
This model supports expansion but depends heavily on demand and margins.
Key Takeaways
- GMP is positive but low, around ₹3 to ₹3.5
- Total subscription stands at 3.38x
- Allotment is expected on 22 April 2026
- Listing gains may be limited
FAQs
Q. Is Mehul Telecom IPO good for listing gains?
It may offer small gains, but expectations should be moderate due to low GMP.
Q. When will shares be credited?
Shares are usually credited one day before listing, likely by 23 April 2026.
Q. What if I don’t get allotment?
Your funds will be unblocked automatically.
Disclaimer
The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. Lemonn (Formerly known as NU Investors Technologies Pvt. Ltd) do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
