IPO Details

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Mehul Telecom Ltd
SMEListed
Open:Fri, 17 Apr 2026
Close:Tue, 21 Apr 2026
Lot Size:1200 Shares
Price Band:₹ 96 - ₹ 98
Listing:BSE
Fresh Issue:27.73 Cr
OFS:-
Total IPO Size:27.73 Cr
QIB : 50.00%
Retail : 35.00%
Total HNI : 15.00%
EventDate
Open Date17-04-2026 , Friday
Close Date21-04-2026 , Tuesday
Tentative Allotment22-04-2026 , Wednesday
Tentative Listing Date24-04-2026 , Friday
Retail Appl. Cut Off Time21-04-2026 , Tuesday 05:00 PM
Non Retail Appl. Cut Off Time21-04-2026 , Tuesday 04:00 PM
Anchor Allotment16-04-2026 , Thursday
Initiation Of Refund23-04-2026 , Thursday
Credit Of Share To Demat23-04-2026 , Thursday
Mehul Telecom Limited IPO

Business Overview of Mehul Telecom Limited

Mehul Telecom Limited operates a multi-brand mobile retail chain across Gujarat under the brand name “Mehul Telecom”. The company sells smartphones, tablets, mobile accessories, connected lifestyle products and selected consumer durables through a hybrid retail model consisting of company-operated stores and franchise-operated stores.

Full Forms Used in This Overview

COCO

COCO means Company Owned, Company Operated. Under this model, the store is owned and operated by the company. The company bears operating costs, manages employees, owns inventory and books revenue directly.

FOFO

FOFO means Franchisee Owned, Franchisee Operated. Under this model, the store is owned and operated by the franchisee. The company provides inventory and brand support, while revenue is booked by the company and margin is shared with the franchisee.

POS

POS means Point of Sale. It refers to the billing and checkout system used at retail stores for completing customer transactions.

UPI

UPI means Unified Payments Interface. It is a digital payment system commonly used by customers for quick payment at retail stores.

Company Overview

Mehul Telecom Limited is engaged in the sale of smartphones, other electronic products and mobile accessories. The company sells products of popular brands such as MI, Samsung, iPhone, Vivo, Oppo, Realme, Nokia, OnePlus, Redmi, Nothing, Tecno, Intel, Infinix, Xiaomi and other brands.

The business originally started as the proprietorship firm of the promoter, Mehul Vasantbhai Raymagiya, in FY2007-08. The business opened its first FOFO store in 2020, 25th store in 2021, 50th store in 2022 and crossed revenue of Rs. 10,000 lakhs in 2023. The running business of the proprietorship firm was transferred to Mehul Telecom Limited with effect from April 21, 2024.

As on the date of the Red Herring Prospectus, the company operates 80 stores across Gujarat, comprising 6 COCO stores and 74 FOFO stores.

Business Model

The company derives revenue from a single business segment: sale of mobile phones, other electronic products and mobile accessories. It operates through both COCO and FOFO models.

COCO Model

  • 6 stores
  • Company owned stock
  • Company employees
  • Revenue booked by the company
  • Operational cost borne by the company

FOFO Model

  • 74 stores
  • Stock provided against security deposit
  • Franchisee employees
  • Revenue booked by the company
  • Margin shared with franchisee
  • Operational cost borne by franchisee
IPORupee View: The FOFO model is the key scalability engine for Mehul Telecom. It allows the company to expand faster with lower operating burden compared to a fully company-owned retail model. However, franchise quality, customer experience and inventory discipline must be monitored carefully.

Revenue from COCO and FOFO Stores

Particulars Period ended Dec 31, 2025 FY2025 FY2024 FY2023
Revenue from Own Stores - COCO Rs. 11,008.64 lakh Rs. 7,141.72 lakh Rs. 6,356.97 lakh Rs. 4,574.21 lakh
COCO Revenue Share 72.43% 61.89% 59.30% 57.07%
Revenue from Franchise Stores - FOFO Rs. 4,190.12 lakh Rs. 4,396.73 lakh Rs. 4,362.86 lakh Rs. 3,440.98 lakh
FOFO Revenue Share 27.57% 38.11% 40.70% 42.93%
Total Revenue Rs. 15,198.76 lakh Rs. 11,538.45 lakh Rs. 10,719.83 lakh Rs. 8,015.19 lakh
IPORupee Insight: COCO stores contributed 72.43% of revenue for the period ended December 31, 2025. This indicates that company-owned stores are currently the larger revenue contributor, while FOFO stores support network expansion and wider market reach.

Product Portfolio

Mehul Telecom offers smartphones, tablets, mobile accessories, connected lifestyle products and selected consumer durables.

Mobile Phones and Tablets

The company sells smartphones and tablets of major brands such as MI, Samsung, iPhone, Vivo, Oppo, Realme, Nokia, OnePlus, Redmi, Nothing, Tecno, Intel, Infinix, Xiaomi and other popular brands.

Accessories and Other Products

Products include smartwatches, speakers, earphones, headphones, mobile covers, phone chargers, screen guards, power banks, phone warranty plans, fire sticks, car holder clamps and pen drives.

The company has approximately 1,100 SKUs for smartphones and 500 SKUs in other accessories.

Product-wise Revenue Bifurcation

Particulars Period ended Dec 31, 2025 FY2025 FY2024 FY2023
Revenue from Sale of Mobile Phones Rs. 14,990.61 lakh Rs. 11,376.66 lakh Rs. 10,530.60 lakh Rs. 7,925.46 lakh
Mobile Phone Revenue Share 98.63% 98.60% 98.23% 98.88%
Revenue from Other Products and Accessories Rs. 208.15 lakh Rs. 161.78 lakh Rs. 189.23 lakh Rs. 89.73 lakh
Other Products and Accessories Revenue Share 1.37% 1.40% 1.77% 1.12%
Total Revenue Rs. 15,198.76 lakh Rs. 11,538.45 lakh Rs. 10,719.83 lakh Rs. 8,015.19 lakh
Investor Check: Mobile phones contributed 98.63% of revenue for the period ended December 31, 2025. This shows very high product concentration. Accessories and other products currently contribute only a small portion of revenue.

Store Network and Expansion

Particulars FY2026 FY2025 FY2024 FY2023
Opening Number of Stores 64 57 56 51
Stores Added 29 19 20 25
Stores Closed 13 12 19 20
Closing Number of Stores 80 64 57 56
IPORupee Insight: The company is expanding its store network while also closing low-performing stores. This indicates active network optimization. Investors should track whether new stores maintain healthy sales productivity and whether closure rates reduce over time.

Franchisee Concentration

Particulars Period ended Dec 31, 2025 FY2025 FY2024 FY2023
Top 1 Franchisee Revenue Share 12.39% 11.77% 10.41% 11.06%
Top 5 Franchisees Revenue Share 39.39% 38.10% 35.97% 37.77%
Top 10 Franchisees Revenue Share 56.37% 54.44% 54.07% 55.90%
Investor Check: Top 10 franchisees contributed 56.37% of franchise revenue for the period ended December 31, 2025. This shows moderate concentration within the franchise network.

Customer Engagement Process

The company follows a structured in-store customer journey from walk-in to post-sales service.

Walk-in → Consultation → Demo and Comparison → POS Financing → Billing and Checkout → Post-sales Service
IPORupee View: Mobile retail is a highly competitive and price-sensitive market. A consultative sales approach, product comparison, easy financing and post-sales support can improve walk-in conversion and customer satisfaction.

Inventory Management Process

The company manages inventory across COCO and FOFO stores through a software-based centralized inventory management process.

Inventory review of COCO and FOFO stores → Product assortment finalization → Order placement → Product receipt and inspection → Return of damaged products, if any → Real-time inventory sync
IPORupee Insight: Inventory management is critical in smartphone retail because models become outdated quickly and pricing changes frequently. Strong inventory control can help reduce slow-moving stock and discounting pressure.

New Franchise Store Onboarding Process

The company follows a structured process for opening new FOFO stores.

Franchise marketing through social media and direct engagement → Franchise partner selection → Franchise agreement execution → Security deposit commitment → Stock allocation and inventory planning → Retail operations and product sales → Revenue sharing model
IPORupee View: The FOFO model supports fast expansion with low capital requirement. However, partner selection, brand discipline and store-level customer experience are important for long-term success.

Key Financial Performance

Particulars Period ended Dec 31, 2025 FY2025 FY2024 FY2023
Revenue from Operations Rs. 15,198.76 lakh Rs. 12,088.66 lakh Rs. 10,719.83 lakh Rs. 8,015.19 lakh
Growth in Revenue from Operations 82.52% 12.77% 33.74% 25.38%
EBITDA Rs. 971.10 lakh Rs. 801.79 lakh Rs. 303.90 lakh Rs. 73.35 lakh
EBITDA Margin 6.39% 6.63% 2.83% 0.92%
Profit After Tax Rs. 707.25 lakh Rs. 603.94 lakh Rs. 219.46 lakh Rs. 51.44 lakh
PAT Margin 4.65% 5.00% 2.05% 0.64%
ROE 34.27% 59.84% 99.32% 40.95%
ROCE 34.80% 47.16% 42.43% 30.05%
Current Ratio 2.53 2.62 1.37 1.61
Net Capital Turnover Ratio 4.68x 5.71x 20.27x 19.18x
Number of Operational Stores 80 64 57 56
Average Sales per Store Rs. 189.98 lakh Rs. 188.89 lakh Rs. 188.06 lakh Rs. 143.12 lakh
IPORupee Financial View: Revenue has grown from Rs. 8,015.19 lakh in FY2023 to Rs. 12,088.66 lakh in FY2025. For the period ended December 31, 2025, revenue stood at Rs. 15,198.76 lakh. EBITDA margin improved from 0.92% in FY2023 to 6.63% in FY2025, showing improved scale and operating efficiency.
Investor Check: Margins have improved sharply, but smartphone retail remains competitive and price-sensitive. Investors should monitor whether the company can sustain profitability while expanding stores.

Store Productivity Analysis

Average sales per store improved from Rs. 143.12 lakh in FY2023 to Rs. 188.89 lakh in FY2025 and Rs. 189.98 lakh for the period ended December 31, 2025.

This indicates that the company has not grown only by adding stores, but has also improved store-level productivity compared to FY2023.

Key Strengths

Experienced Promoter

The promoter, Mehul Vasantbhai Raymagiya, has more than 17 years of experience in retail distribution, sales and marketing.

Wide Gujarat Network

The company operates 80 stores across 15 districts in Gujarat, giving it strong state-level reach.

Hybrid Retail Model

The company uses both COCO and FOFO models, balancing control through own stores and expansion through franchise stores.

Financing Partnerships

The company offers easy financing options such as EMI and no-cost EMI, helping customers purchase premium products.

Business Strategy

Expansion Across Gujarat

The company plans to establish additional 3 to 4 COCO stores and expand in high-potential Tier II and Tier III cities within Gujarat.

Customer Relationship Focus

The company aims to strengthen customer loyalty through follow-ups, feedback mechanisms and improved customer service.

Increasing Brand Visibility

The company plans to use digital marketing, social media campaigns and targeted advertising to increase customer reach.

Diversification into Consumer Durables

The company plans to enter consumer durables such as washing machines and air conditioners to reduce dependence on existing product lines over time.

Positive Triggers vs Risk Triggers

Positive Triggers

  • 80-store network across Gujarat
  • Hybrid COCO and FOFO model
  • Low capital expansion through franchise stores
  • Experienced promoter
  • Improving EBITDA and PAT margins
  • Rising average sales per store
  • Strong smartphone brand portfolio
  • Financing options supporting customer conversion

Risk Triggers

  • Very high dependence on mobile phone sales
  • Limited contribution from accessories and other products
  • Gujarat-only concentration
  • Franchise execution and brand consistency risk
  • Inventory obsolescence risk due to fast-changing models
  • Competition from online platforms and brand stores
  • Margin sustainability risk
  • Store closure rate needs monitoring

IPORupee Review

Mehul Telecom Limited is a Gujarat-focused mobile retail chain with a growing store network and a scalable FOFO-led expansion model. The company has shown strong revenue growth, improving margins and better average sales per store.

The business is easy to understand: the company sells smartphones and accessories through company-owned and franchise-operated stores. The opportunity is supported by smartphone replacement demand, financing availability and rising demand for connected lifestyle products.

IPORupee View: The company has a strong Gujarat retail presence and a low-capital expansion model. However, its revenue is still heavily dependent on mobile phone sales. Long-term improvement will depend on store productivity, inventory management, franchise quality and diversification into accessories and consumer durables.

What Retail Investors Should Understand

Mehul Telecom is not a manufacturing company. It is a retail distribution business. Its performance depends on store expansion, smartphone demand, financing options, franchise execution, inventory management, customer service and store-level productivity.

Important things to track after listing: revenue growth, average sales per store, FOFO performance, store closure rate, accessory revenue contribution, EBITDA margin sustainability, inventory cycle and cash flow from operations.

Disclosure and Disclaimer

This content is prepared only for educational and informational purposes for IPORupee users. It is based on details available in the company’s RHP/DRHP and related disclosures.

  • All financial figures, store counts, revenue bifurcation, product mix and operating details should be verified from the latest official offer document before making any investment decision.
  • IPO investing involves market risk, listing risk, business risk, valuation risk and liquidity risk. Past growth, margins, ROE, ROCE or store expansion does not guarantee future returns.
  • The company operates in a competitive mobile retail market and may be affected by online competition, inventory obsolescence, smartphone demand cycles, franchise performance and regional concentration in Gujarat.
  • This content is not investment advice, research recommendation or a buy/sell/hold call. IPORupee is not a SEBI-registered investment advisor or research analyst.
  • Investors should read the full RHP, risk factors, financial statements, objects of the issue and valuation details, and consult a qualified financial advisor before investing.

Subscription Data

CategorySize
(In Cr)		Subscribed
(In Cr)		No of Times
(x)
QIB5.40175.0432.43
bNII (Above 10L)2.63255.4296.96
sNII (2L to 10L)1.3259.6645.29
NII Total3.95315.0879.77
Retail9.23345.7737.45
Total18.58835.8944.99
CategoryPercentageNo. of Shares OfferedAmount
QIB
50.00 %
13,40,400
13.14 Cr
Retail
35.00 %
9,42,000
9.23 Cr
Total HNI
15.00 %
4,03,200
3.95 Cr
SHNI
5.00 %
1,34,400
1.32 Cr
BHNI
10.00 %
2,68,800
2.63 Cr

Mehul Telecom Ltd allotted 7,89,600 equity shares to anchor investors at ₹98 per share on 16 Apr 2026 before the IPO opening. The total anchor allocation stood at 7.74 Cr across 4 anchor investors.

The largest anchor investor received 28.57% of the anchor portion. The top five anchor investors together received 7,89,600 shares, representing about 100.00% of the total anchor allocation.

Top 4 Anchor Investors

RankAnchor Investor NameShares AllocatedAllocation %Allocation Amount
1Krushnam Nexus Capital Scheme 12,25,60028.57 %2.21 Cr
2Visionary Value Fund2,05,20025.99 %2.01 Cr
3Nova Global Opportunities Fund PCC - Touchstone2,05,20025.99 %2.01 Cr
4Darwin Evolution Growth Fund1,53,60019.45 %1.51 Cr

The figures are based on the company’s stock exchange anchor allotment intimation. Anchor allocation is only an informational disclosure and does not indicate future listing performance.

ApplicationDiscountQty (Lot)Total
Retail MIN
-
1200 (1)
₹ 1,17,600
Retail MAX
-
1200 (1)
₹ 1,17,600
SHNI MIN
-
2400 (2)
₹ 2,35,200
SHNI MAX
-
4800 (4)
₹ 4,70,400
BHNI MIN
-
6000 (5)
₹ 5,88,000
ObjectiveNo Of SharesAmount
Fresh Issue
28,29,600
27.73 Cr
DocumentAction
RHPView
Anchor AllotmentView
IPO Contact Details
Registered Office
West Gate Shop 223, 150 Ft Ring Road, Rajkot Raiya Road, Rajkot, Gujarat - 360007 India
Corporate Office
West Gate Shop 223, 150 Ft Ring Road, Rajkot Raiya Road, Rajkot, Gujarat - 360007 India
Contact Person
Richie Dhrumil Vandra - Company Secretary and Compliance Officer
Telephone
Registrar to Issue Details
Registrar Name
KFin Technologies Limited
Contact Person
M Murali Krishna

Lead Managers

NameContact PersonTelephoneEmailWebsite
Cumulative Capital Private Limited
Swapnilsagar Vithalani/ Jigar
Bhanushali
+91 9819 662 664/ +91 820 005 2280
contact@cumulativecapital.group
www.cumulativecapital.group
IPO Details

Mehul Telecom Ltd IPO Details FAQs

Understand company details, IPO size, price band, lot size, exchange listing, fresh issue and Offer for Sale (OFS) in simple language for retail investors.

Which company's IPO is this?

This IPO is of Mehul Telecom Ltd. The issue is scheduled to open on Friday, 17 April 2026 and closes on Tuesday, 21 April 2026.

After the IPO process is completed, the shares are proposed to be listed on BSE.

What is the IPO size?

IPO size means the total amount the company plans to raise through the public issue.

For Mehul Telecom Ltd IPO, the total issue size is Rs 27.73 crore, consisting of a fresh issue of Rs 27.73 crore.

What is the price band or issue price?

Price band is the price range within which investors can bid for shares in a book-built IPO.

For this IPO, the lower price band is Rs 96 per share and the upper price band is Rs 98 per share.

What is the lot size?

Lot size is the minimum number of shares an investor must apply for in an IPO. IPO applications are usually made in fixed lot multiples.

For Mehul Telecom Ltd IPO, the minimum lot size is 1,200 shares. At the upper price band of Rs 98 per share, the minimum application amount is Rs 1,17,600. Applications must be made in multiples of 1,200 shares.

What is Fresh Issue in this IPO?

Fresh Issue means the company issues new shares to investors and receives money from that part of the IPO.

For Mehul Telecom Ltd IPO, the Fresh Issue size is Rs 27.73 crore. The company can use these funds for purposes mentioned in the IPO documents, such as business growth, repayment of borrowings, working capital, capital expenditure, or general corporate purposes.

IPO Timeline

Mehul Telecom Ltd IPO Timeline FAQs

Understand the important IPO dates, allotment process, refund schedule and listing timeline in a retail-friendly format.

What is the IPO opening date?

The IPO opening date is the first day on which investors can apply for the public issue.

For Mehul Telecom Ltd IPO, the IPO opens on Friday, 17 April 2026.

What is the IPO closing date?

The IPO closing date is the last day on which investors can submit, modify, or cancel their IPO applications.

Mehul Telecom Ltd IPO closes on Tuesday, 21 April 2026.

When is the tentative allotment date?

The tentative allotment date is the expected date on which the registrar finalizes the share allotment for valid IPO applications.

For Mehul Telecom Ltd IPO, the tentative allotment date is Wednesday, 22 April 2026.

When is the tentative listing date?

The tentative listing date is the expected date on which IPO shares begin trading on the stock exchanges.

Mehul Telecom Ltd IPO is expected to list on Friday, 24 April 2026.

When do refunds and demat credit happen?

After allotment, funds are unblocked or refunds are initiated for non-allotted investors, while allotted shares are credited to investors' demat accounts before listing.

For Mehul Telecom Ltd IPO, refund initiation is expected on Thursday, 23 April 2026, and credit of shares to demat accounts is expected on Thursday, 23 April 2026.

IPO Structure

Mehul Telecom Ltd IPO Structure FAQs

Understand IPO category-wise reservation, QIB quota, retail quota, HNI allocation, shareholder reservation and the meaning of structure columns in a simple format.

What is the IPO structure?

IPO structure shows how shares are divided among different categories of investors, such as QIB, Retail, NII/HNI, Employees, and Shareholders.

For Mehul Telecom Ltd IPO, the available categories in the structure table include QIB, Retail, Non-Institutional Investors (NII/HNI). The NII/HNI category includes SHNI and BHNI sub-categories. Investors can use this table to understand category-wise allocation before applying.

What is the QIB category?

QIB stands for Qualified Institutional Buyers. This category includes mutual funds, banks, insurance companies, and other large financial institutions.

In Mehul Telecom Ltd IPO, 50% shares are reserved under the QIB category, with 13,40,400 shares offered, and an allocation amount of ₹13.14 crore.

What is the Retail category?

The Retail category is reserved for individual investors and HUFs applying within the SME retail application limit, which is generally up to 2 lots under IPO rules.

In Mehul Telecom Ltd IPO, 35% shares are reserved under the Retail category, with 9,42,000 shares offered, and an allocation amount of ₹9.23 crore.

What is the NII/HNI category?

NII/HNI stands for Non-Institutional Investors / High Net-Worth Individuals. This category generally includes investors applying for more than Rs 2 lakh, above the retail investment limit.

In Mehul Telecom Ltd IPO, 15% shares are reserved under the NII/HNI category, with 4,03,200 shares offered, and an allocation amount of ₹3.95 crore.

What is the SHNI category?

SHNI stands for Small HNI. It is a sub-category within the NII/HNI category and generally refers to applications for more than Rs 2 lakh but not exceeding Rs 10 lakh.

In Mehul Telecom Ltd IPO, 5% shares are reserved under the SHNI sub-category, with 1,34,400 shares offered, and an allocation amount of ₹1.32 crore.

What is the BHNI category?

BHNI stands for Big HNI. It is a sub-category within the NII/HNI category and generally refers to applications for more than Rs 10 lakh.

In Mehul Telecom Ltd IPO, 10% shares are reserved under the BHNI sub-category, with 2,68,800 shares offered, and an allocation amount of ₹2.63 crore.

Lot Size Details

Mehul Telecom Ltd IPO Lot Size FAQs

Understand retail lot size, HNI application limits, employee category, shareholder category and investment amount calculations using the IPO lot table.

What is lot size in an IPO?

Lot size is the minimum number of shares an investor must apply for in an IPO. IPO applications are usually made in fixed lot multiples.

For Mehul Telecom Ltd IPO, the minimum lot size is 1,200 shares. At the upper price band of Rs 98 per share, the minimum application amount is Rs 1,17,600. Applications must be made in multiples of 1,200 shares.

What is Retail minimum application?

Retail minimum application shows the minimum application size for retail investors.

For Mehul Telecom Ltd IPO, the Retail minimum application is 1,200 shares (1 lot) for about Rs 1,17,600.

What is Retail maximum application?

Retail maximum application shows the maximum application size generally available under the retail category.

For Mehul Telecom Ltd IPO, the Retail maximum application is 1,200 shares (1 lot) for about Rs 1,17,600.

What is SHNI minimum application?

SHNI minimum application shows the minimum application size for the Small HNI category.

For Mehul Telecom Ltd IPO, the SHNI minimum application is 2,400 shares (2 lots) for about Rs 2,35,200.

What is SHNI maximum application?

SHNI maximum application shows the maximum application size available under the Small HNI category, when provided.

For Mehul Telecom Ltd IPO, the SHNI maximum application is 4,800 shares (4 lots) for about Rs 4,70,400.

What is BHNI minimum application?

BHNI minimum application shows the minimum application size for the Big HNI category.

For Mehul Telecom Ltd IPO, the BHNI minimum application is 6,000 shares (5 lots) for about Rs 5,88,000.

Financial Highlights

Mehul Telecom Ltd IPO Financial FAQs

Understand important financial figures in simple language using the financial statement data available for the IPO.

What are Financial Highlights?

Financial Highlights show important numbers from the company's financial statements. These may include income, expenses, profit, assets, liabilities, cash flow and other financial information, depending on the data available for the IPO.

The table displays available financial data based on the IPO information currently available. Fields may differ from company to company depending on disclosures and reporting format.

How should investors read the Financial Highlights table?

Investors should read the table to understand the company's financial performance and financial position over different periods.

The table may help users review income, expenses, profitability, balance sheet position, cash movement or other financial information, depending on the available data.

Why can financial line items differ between IPOs?

Financial statement line items may differ because companies operate in different industries and may follow different reporting formats.

Some companies may provide detailed financial breakup, while others may present broader financial categories.

What should investors check in financial data?

Investors should review income, expenses, profitability, debt position, asset base, liabilities and cash flow position together.

A single financial figure should not be used alone to judge the company.

Why is profit not enough to judge an IPO?

Profit is important, but it does not show the full financial picture.

Investors should also review revenue quality, expenses, debt, assets, liabilities, cash flow, valuation and business risks.

Why is cash flow important in financial analysis?

Cash flow helps investors understand how money moves in and out of the business.

A company may report profit but still face cash flow pressure, so cash flow should be reviewed along with profit, debt and balance sheet information.

Should investors rely only on Financial Highlights?

No. Financial Highlights are useful, but investors should also review valuation, peer comparison, KPI data, business risks, IPO pricing, management discussion and official offer documents such as the RHP or DRHP.

Peer Comparison

Mehul Telecom Ltd IPO Peer Comparison FAQs

Understand how the company may be compared with similar businesses using the peer comparison data available for the IPO.

What is Peer Comparison?

Peer Comparison means comparing the IPO company with businesses operating in a similar sector or industry.

It helps investors understand the company in a broader industry context.

Why is Peer Comparison useful?

Peer Comparison helps investors understand how the company can be compared with similar businesses using available financial or valuation metrics.

It is useful for context, but it should not be treated as a final investment conclusion.

Why can peer comparison metrics differ?

Peer comparison metrics may differ depending on the companies selected, accounting format, business model and available public information.

Investors should compare only relevant and similar metrics.

How should investors read a Peer Comparison table?

Investors should use the peer comparison table as a reference point.

Available metrics should be read together with business model, scale, profitability, margins, debt, growth, valuation and IPO pricing.

Can Peer Comparison decide whether an IPO is good or bad?

No. Peer Comparison does not directly decide whether an IPO is good or bad.

It only provides context for comparison. Final analysis should include financial statements, KPI data, valuation, risk factors and official offer documents.

Should investors rely only on Peer Comparison?

No. Peer Comparison is only one part of IPO analysis.

Investors should also review financial statements, KPI data, business risks, valuation, IPO pricing and company fundamentals.

Key Performance Indicators

Mehul Telecom Ltd IPO KPI FAQs

Understand important KPI metrics in simple language using the key performance indicator data available for the IPO.

What are Key Performance Indicators (KPIs)?

Key Performance Indicators, or KPIs, are financial and valuation metrics used to understand profitability, efficiency, leverage, return-based ratios and earnings performance.

They help investors understand the company beyond basic financial figures.

Why are KPIs important for IPO investors?

KPIs help investors assess profitability, capital efficiency, leverage, valuation and earnings quality.

They should be reviewed together with financial statements, peer comparison and IPO pricing.

Why can KPI availability differ between IPOs?

KPI data may differ depending on the company, industry, financial disclosures and available offer document information.

Not every IPO may provide every KPI, and some metrics may not be applicable to every business.

How should investors read KPI metrics?

Investors should read KPI metrics together instead of relying on one ratio.

A single KPI may not give the full picture unless it is reviewed with financial statements, peer comparison, business model and valuation.

Can high or low KPI values directly decide investment quality?

No. High or low KPI values need context.

The meaning of a ratio may differ depending on industry, business model, debt level, growth stage, profitability and IPO valuation.

Should investors rely only on KPI data?

No. KPI data is useful, but it should not be used alone.

Investors should also review financial statements, peer comparison, business risks, valuation, IPO pricing and official offer documents such as the RHP or DRHP.

Mehul Telecom Ltd IPO Details | IPO Rupee