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Subscription Status · Apr 17 – Apr 21, 2026 · ₹96–98
The Mehul Telecom IPO subscription has recorded healthy investor demand with an overall subscription of 9.91× as of Apr 21, 2026, indicating that investors applied for 9.91 times the number of shares on offer. All investor categories (institutional, HNI, and retail) have participated actively, making this one of the closely watched IPO openings.
Last updated: Apr 21, 2026, 10:03 AM IST
| Category | Shares Offered | Shares Bid For | Times Subscribed | Applications |
|---|---|---|---|---|
|
QIB
Qualified Institutional Buyers
|
549,600 | 760,800 |
1.38×
|
- |
|
NII
Non-Institutional Investors
|
403,200 | 9,200,400 |
22.82×
|
- |
|
bNII
Bids above ₹10L
|
268,800 | 6,991,200 |
26.01×
|
- |
|
sNII
Bids below ₹10L
|
134,400 | 2,209,200 |
16.44×
|
- |
|
Retail
Retail Individual Investors
|
943,200 | 8,832,000 |
9.36×
|
- |
|
Total
|
1,896,000 | 18,793,200 |
9.91×
|
- |
How subscription built up across investor categories over time
Snapshot of each day's bidding activity
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 549,600 | 739,200 | 1.34× | - |
| NII | 403,200 | 3,960,000 | 9.82× | - |
| bNII | 268,800 | 3,033,600 | 11.29× | - |
| sNII | 134,400 | 926,400 | 6.89× | - |
| Retail | 943,200 | 2,205,600 | 2.34× | - |
| Total | 1,896,000 | 6,904,800 | 3.64× | - |
| Category | Offered | Bid For | Times | Applications |
|---|---|---|---|---|
| QIB | 549,600 | 760,800 | 1.38× | - |
| NII | 403,200 | 9,200,400 | 22.82× | - |
| bNII | 268,800 | 6,991,200 | 26.01× | - |
| sNII | 134,400 | 2,209,200 | 16.44× | - |
| Retail | 943,200 | 8,832,000 | 9.36× | - |
| Total | 1,896,000 | 18,793,200 | 9.91× | - |
As of April 21, 2026, the Mehul Telecom IPO has been subscribed 9.91 times overall. The IPO is fully subscribed.
The Mehul Telecom IPO subscription window was open from April 17, 2026 to April 21, 2026. Investors could apply through their demat account or ASBA facility.
The Mehul Telecom IPO has a price band of ₹96 to ₹98 per share, with a lot size of 1,200 shares. Minimum retail investment: ₹115,200 (lower band) or ₹117,600 (upper band).
The QIB category has been subscribed 1.38 times. QIBs were offered 549,600 shares.
Retail investors subscribed 9.36 times. Retail was offered 943,200 shares.
Overall NII: 22.82×. bNII (>₹10L): 26.01×, sNII (<₹10L): 16.44×. NII includes HNIs and corporate entities investing above ₹2 lakh.
Basis of allotment is on April 22, 2026. Check via the registrar's website, KFin Technologies Limited using your PAN number, application number, or DP/Client ID. You can also check on BSE/NSE websites or through your broker's app.
Mehul Telecom IPO is expected to list on April 24, 2026. Shares will list on BSE SME platform. Allotted shares are credited to your demat account 1 business day before listing.
A subscription multiple of 9.91× means investors have bid for 9.91 times the total shares available. Since the IPO is oversubscribed, not every applicant will receive shares, allotment happens via lottery (for retail) or proportionately (for other categories). Higher multiples generally reduce allotment probability.
Based on the current retail subscription of 9.36×, the estimated allotment probability for retail investors is Moderate. Better odds than heavily subscribed IPOs. Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has an equal probability regardless of the number of lots applied for.
You can apply for Mehul Telecom IPO through: (1) ASBA (Application Supported by Blocked Amount) via your bank's net banking or mobile app, (2) UPI-based application through your broker's app (Zerodha, Groww, Angel One, etc.), or (3) directly via your demat account. The amount is blocked in your account and deducted only upon allotment. Applications were accepted from Apr 17 to Apr 21, 2026.
The grey market premium (GMP) reflects unofficial pre-listing trading sentiment. For the latest Mehul Telecom IPO GMP data, check the IPORise GMP page. Note: GMP is unofficial, speculative, and not a guaranteed indicator of listing price. Use it only as a sentiment signal alongside official subscription data.
New to reading subscription numbers? Read our guide on IPO subscription explained.
Subscription Opens Done
Apr 17, 2026Subscription Closes Done
Apr 21, 2026Basis of Allotment Done
Apr 22, 2026Listing on BSE Done
Apr 24, 2026Better odds than heavily subscribed IPOs. Based on retail subscription of 9.36×.
Retail allotment in oversubscribed IPOs is done by computerised lottery, each valid application has equal odds regardless of lot size applied.
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Higher subscription = lower allotment probability. Progress bars compare each category relative to the highest-subscribed category.
