111  Total SME IPOs listed in 2025

4,998.15 Crs.  Total funds raised in 2025

77  SME IPOs listed with Gain in 2025

34  SME IPOs listed with loss in 2025

111  Total SME IPOs listed in 2025

4,998.15 Crs.  Total funds raised in 2025

77  SME IPOs listed with Gain in 2025

34  SME IPOs listed with loss in 2025

111  Total SME IPOs listed in 2025

4,998.15 Crs.  Total funds raised in 2025

77  SME IPOs listed with Gain in 2025

34  SME IPOs listed with loss in 2025

111  Total SME IPOs listed in 2025

4998.15 Crs.  Total funds raised in 2,025.00

77  SME IPOs listed with Gain in 2025

34  SME IPOs listed with loss in 2025

Mehul Telecom Limited IPO Analysis

Mehul Telecom IPO is a Book Building listing on BSE SME exchange, with an ipo size of ₹ [●] Cr. The company is based in Rajkot and caters to Telecom sector. Cumulative Capital is the merchant banker of Mehul Telecom IPO. It is a SME Upcoming IPO which filed its Draft Red Herring Prospectus (DRHP) on 14th July 2025.

Mehul Telecom IPO posted revenues of ₹ 115.38 Cr. and PAT of ₹ 5.73 Cr. in FY25 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 115.38 Cr.
            EBITDA: ₹ 7.75 Cr.
            PAT: ₹ 5.73 Cr.
  • EBITDA Margin: 6.72 %
            Pat Margin: 4.97 %
  • Net Worth: ₹ 17.10 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: -0.51 times
Nature of IPO : SME Upcoming
Exchange : BSE SME
IPO Type : Book Building

Mehul Telecom IPO Financial Performance (Restated)

Financial results of Mehul Telecom IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials FY25 FY24
Balance Sheet
Assets 34.40 0.09
Net Worth 17.10 9.99
Total Debt 0.07 [●]
Profit & Loss
Revenue
Revenue on annualised basis
115.38 [●]
EBITDA
EBITDA on annualised basis
7.75 [●]
PAT
PAT on annualised basis
5.73 [●]
Financials
FY25
FY24
Balance Sheet
Assets
34.40
0.09

Net Worth
17.10
9.99

Total Debt
0.07
0.00

Profit & Loss
Revenue
Revenue on annualised basis
115.38
115.38
[●]

EBITDA
EBITDA on annualised basis
7.75
7.75
[●]

PAT
PAT on annualised basis
5.73
5.73
[●]

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Mehul Telecom IPO Key performance Indicators (KPI)

Mehul Telecom IPO PAT Margin is 4.97 % , ROCE (Return on Capital Employed) is 47.16 % as per latest financial. The below table shows Mehul Telecom IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars FY25 FY24
EBITDA Margin (%) 6.72 [●]
PAT Margin (%) 4.97 [●]
EPS (₹) 8.30 3.43
ROE (%) 33.51 [●]
ROCE (%) 47.16 42.43
ROA (%) 16.66 [●]
Debt to Equity 0.00 [●]
Particulars
FY25
FY24

EBITDA Margin (%)
6.72
[●]

PAT Margin (%)
4.97
[●]

EPS (₹)
8.30
3.43

ROE (%)
33.51
[●]

ROCE (%)
47.16
42.43

ROA (%)
16.66
[●]

Debt to Equity (x)  
0.00
[●]

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Mehul Telecom IPO Valuation Metrics

The market Capitalisation of Mehul Telecom IPO is ₹ [●] crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
[●]

Enterprise Value (EV) (₹ Cr.):
[●]

EV/EBITDA (times) :
[●]

PE Multiple (times) :
[●]

P/B (times) :
[●]

NAV (₹) :
23.49

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Mehul Telecom prospectus?

The Mehul Telecom IPO prospectus highlights an Return on Equity (ROE) of 33.51 % , Return on Assets (ROA) of 16.66 %, and an EBITDA Margin of 6.72 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Mehul Telecom IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Mehul Telecom IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Mehul Telecom IPO ?

The post-IPO market capitalisation of Mehul Telecom IPO is ₹ [●] Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Mehul Telecom IPO?

The Mehul Telecom IPO has a Price-to-Earnings (PE) ratio of [●], indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Mehul Telecom IPO?

Mehul Telecom IPO reported revenue of ₹ 115.38 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Mehul Telecom IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Mehul Telecom IPO?

Mehul Telecom recorded an EBITDA of ₹ 7.75 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Mehul Telecom IPO?

Mehul Telecom Profit After Tax (PAT) is ₹ 5.73 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 115.38 Cr.
            EBITDA: ₹ 7.75 Cr.
            PAT: ₹ 5.73 Cr.
  • EBITDA Margin: 6.72 %
            Pat Margin: 4.97 %
  • Net Worth: ₹ 17.10 Cr.
  • Market Capitalisation: [●]
  • P/E: [●]
  • P/BV: [●]
  • EV/EBITDA: [●]

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Mehul Telecom operates in Telecom and Business Of Operating A Multi-brand Mobile Retail Chain. The Issue is listed on BSE SME in Jul, 2025. Mehul Telecom IPO size was with Issue price of .

Mehul Telecom IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Mehul Telecom IPO listed at a listing price of against the offer price of .

The current market price of Mehul Telecom is .

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