Mehul Telecom IPO
Telecom Retail - Listed on 24 April 2026
Mehul Telecom IPO listing summary
Mehul Telecom (Telecom Retail) closed its IPO window in 2026 and listed on NSE and BSE on 24 April 2026 at an upper band issue price of Rs 98, opening at Rs 108 for a listing gain of +10.2% and closing day one at Rs 109.94 (+12.2% on closing basis). The IPO was subscribed 44.99x overall - QIB 32.50x, HNI/NII 79.74x, Retail 37.41x. The total issue size was Rs 27.73 Cr (Fresh Issue Rs 27.73 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Mehul Telecom IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 5 | +5.10% |
| Day 2 | Rs 5 | +5.10% |
| Day 3 | Rs 6 | +6.12% |
| Day 4 | Rs 6 | +6.12% |
| Day 5 | Rs 4 | +4.08% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Mehul Telecom IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Mehul Telecom IPO - FAQs
What was the listing gain of Mehul Telecom IPO?
Mehul Telecom IPO listed at +10.2% versus the upper issue price of Rs 98 on 24 April 2026.
How many times was Mehul Telecom IPO subscribed?
Mehul Telecom IPO was subscribed 44.99x overall. QIB portion was subscribed 32.50x, HNI / NII 79.74x and Retail 37.41x.
What was the IPO GMP for Mehul Telecom?
IPO GMP started at Rs 5 on Day 1 and moved to Rs 4 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.