Mehul Telecom IPO Day 2 Subscription Status: Issue Subscribed 9.91x
By HDFC SKY | Updated at: Apr 21, 2026 11:24 AM IST
Mehul Telecom IPO subscribed 9.91x on Day 2, led by strong NII demand
Mumbai, April 21: Mehul Telecom IPO, a book-built issue aggregating to ₹27.73 crore, opened for subscription on April 17, 2026, and is scheduled to close today. The price band for the issue is set at ₹96 to ₹98 per share.
By Day 2, the IPO has seen steady traction across categories, with non-institutional investors continuing to lead demand.
Mehul Telecom IPO Day 2 Subscription Status
As of April 20, 2026, at 6:54 PM, Mehul Telecom IPO was subscribed 9.91 times overall.
Category-wise Mehul Telecom IPO Subscription Status
| Category | Subscription (x) |
| QIB (Ex Anchor) | 1.38 |
| NII (HNI) | 22.82 |
| Retail Investors | 9.36 |
| Total | 9.91 |
Mehul Telecom Day-wise Subscription Summary
| Date | QIB (Ex Anchor) | NII (HNI) | Retail | Total |
| April 17 (Day 1) | 1.34 | 9.82 | 2.34 | 3.64 |
| April 20 (Day 2) | 1.38 | 22.82 | 9.36 | 9.91 |
Mehul Telecom IPO Timeline
| Event | Date |
| Issue Open Date | April 17, 2026 |
| Issue Close Date | April 21, 2026 |
| Basis of Allotment | April 22, 2026 |
| Initiation of Refunds | April 23, 2026 |
| Credit of Shares | April 23, 2026 |
| Listing Date | April 24, 2026 |
Brief Overview Of The IPO
Mehul Telecom IPO is a book-building issue of ₹27.73 crore, comprising entirely a fresh issue of 28.29 lakh shares. The IPO is priced in the band of ₹96 to ₹98 per share.
The minimum lot size for application is 1,200 shares. Retail investors are required to apply for a minimum of 2 lots amounting to ₹2,35,200 at the upper price band, while HNI investors need a minimum of 3 lots.
The company operates as a multi-brand mobile retail chain, offering smartphones, accessories and related electronic products through a hybrid COCO and FOFO retail model.
Source: https://www.bseindia.com/markets/publicIssues/DisplayIPO.aspx?id=4546&type=IPO&idtype=1&status=L&IPONo=7689&startdt=17/Apr/2026
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