MTL

Mehul Telecom Limited

Listed SME BSE

Mehul Telecom operates a multi-brand mobile retail chain selling smartphones, tablets, and accessories through company-owned and franchisee-operated stores in Gujarat.

Price Band
₹96–₹98
Lot Size
1200 shares
Issue Size
₹27.73 Cr
GMP
+₹5
Est. Listing
+5.1%
Subscription
44.91×
Open Date
17 Apr
Close Date
21 Apr
Allotment
22 Apr
Listing Date
24 Apr
Min Investment
₹1,17,600

Overview

About the Company

Mehul Telecom Limited operates a chain of multi-brand mobile retail stores across Gujarat, offering smartphones, tablets, and accessories from major brands under both company-owned and franchisee-operated models.

Company Details

Founded
2023-05-01
Headquarters
Rajkot, Gujarat
Industry
Retail - Electronics
Employees
27
Promoter
Mehul Vasantbhai Raymagiya, Raymagiya Hemali Mehulbhai

📋 Objects of Issue (Use of Proceeds)

  • › Funding of working capital needs
  • › General corporate purposes

✅ Strengths

  • ✓ Wide retail network with 80 stores across Gujarat supports a strong market presence.
  • ✓ The hybrid COCO and FOFO model helps scale operations efficiently.
  • ✓ Promoters have over 17 years of experience in retail distribution and sales.
  • ✓ Diverse product portfolio across smartphones, accessories, and electronics.
  • ✓ Consistent growth in revenue and store expansion over recent years.

⚠️ Risks

  • ! Business operations are concentrated only in Gujarat, limiting geographic diversification.
  • ! Risk of market saturation due to the increasing number of stores in the same region.
  • ! Changes in regulations, taxes, or economic conditions can impact business performance.
  • ! Expansion into new regions may require significant resources and may not succeed.
  • ! Limited operating history as a company makes it difficult to evaluate performance.