DBT Bureau
Pune, 28 April 2026
Mehul Telecom Limited, headquartered in Rajkot, Gujarat is the 717th company to get listed on the BSE SME Platform. Mehul Telecom operates a multi‑brand mobile retail chain under the brand “Mehul Telecom”, offering smartphones, electronic products, and accessories through Company Owned-Company Operated (COCO) and Franchisee Owned-Franchisee Operated (FOFO) model. The Company retails products from leading brands such as MI, Samsung, Vivo, Oppo, Realme, Nokia, OnePlus, Redmi, Xiaomi and others, along with connected lifestyle products and accessories including home appliances, televisions, wearables, audio devices, tablets, power solutions, mobile accessories, and related peripherals across multiple brands.
The Company operates 80 stores across 15 districts in Gujarat, including 6 COCO and 74 FOFO stores.The issue proceeds are proposed to be utilized towards incremental working capital requirements. The promoters of the Company are Mehul Vasantbhai Raymagiya, and Raymagiya Hemali Mehulbhai.
The Company’s IPO was a bookbuilding issue comprising fresh issues of 28.29 lakh equity shares. The equity shares were issued at a price of ₹98 per equity share, aggregating to a total issue size of ₹27.73 crores. The IPO of the Company closed on 21st April 2026.
