Mehul Telecom IPO Day 3 Subscription Status: ₹27.73 crore Issue Subscribed 31x times
By HDFC SKY | Updated at: Apr 21, 2026 05:17 PM IST
Mehul Telecom IPO sees strong demand with 31.25x subscription on Day 3 as of April 21
Mumbai, April 21: Mehul Telecom IPO, a bookbuilding issue aggregating to ₹27.73 crore, has witnessed robust investor participation during its subscription window. The public issue, priced in the band of ₹96 to ₹98 per share, opened on April 17, 2026, and closes today. The offering comprises entirely a fresh issue of 0.28 crore equity shares and is slated for listing on the BSE SME platform.
Mehul Telecom IPO Day 3 Subscription Status
As of April 21, 2026, 2:59 PM (Day 3), Mehul Telecom IPO was subscribed 31.25 times.
Category-wise Mehul Telecom IPO Subscription Status
| Category | Subscription (times) |
| QIB (Ex Anchor) | 17.52 |
| NII (HNI) | 61.01 |
| Retail Individual Investors | 26.53 |
| Total | 31.25 |
Mehul Telecom Day’s Wise Subscription Summary
| Date | QIB (Ex Anchor) | NII | Retail | Total |
| April 17, 2026 (Day 1) | 1.34 | 9.82 | 2.34 | 3.64 |
| April 20, 2026 (Day 2) | 1.38 | 22.82 | 9.36 | 9.91 |
| April 21, 2026 (Day 3) | 17.52 | 61.01 | 26.53 | 31.25 |
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 ₹27.73 crore public issue comprising a fresh issue of 28,29,600 equity shares. The price band is fixed at ₹96 to ₹98 per share, with a lot size of 1,200 shares. The minimum investment for retail investors stands at ₹2,35,200 for two lots at the upper price band.
The company operates in the telecom infrastructure and services segment. The issue is being managed by Cumulative Capital Pvt. Ltd., while Kfin Technologies Ltd. is acting as the registrar to the issue. The shares are proposed to be listed on the BSE SME platform.
Source:
- https://www.nseindia.com/market-data/all-upcoming-issues-ipo
Disclaimer
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations
