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Mehul Telecom Soars on Market Debut
25 Apr
Summary
- Mehul Telecom shares opened 10.20% higher than issue price.
- The company offers smartphones and accessories through retail.
- Financials show steady growth in revenue and profit.
Mehul Telecom's stock price experienced a positive market debut on the BSE SME platform today, opening at ₹108, a significant 10.20% increase from its issue price of ₹98. The Initial Public Offering (IPO), which ran from April 17 to April 21, saw strong investor interest, with a subscription rate of 31.706 times by its closing day.
The company specializes in offering a wide array of mobile devices and accessories, including wearables and audio gadgets, through its extensive retail network. This network operates on both 'Company Owned, Company Operated' (COCO) and 'Franchisee Owned, Franchisee Operated' (FOFO) models, catering to a connected lifestyle.
Financially, Mehul Telecom has presented a favourable trend. For the nine-month period ending December 2025, the company reported revenues of ₹152 crore and a post-tax profit of ₹7.07 crore, marking an improvement from the FY25 profit of ₹5.74 crore.
The capital raised from the IPO is primarily designated to bolster working capital requirements. Any surplus funds will be allocated towards general corporate purposes, supporting the company's strategic growth initiatives and operational expansion.
