Comparison between Mehul Telecom IPO and Telge Projects IPO.
Mehul Telecom IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Telge Projects IPO is a SME Bookbuilding proposed to list at BSE SME.
| Mehul Telecom IPO | Telge Projects IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Cumulative Capital Pvt.Ltd. | Smart Horizon Capital Advisors Pvt.Ltd. |
| Registrar | Kfin Technologies Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. | Shreni Shares Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Mehul Telecom IPO is up to ₹26.32 Cr whereas the issue size of the Telge Projects IPO is up to ₹25.87 Cr. The final issue price of Mehul Telecom IPO is ₹98.00 per share and of Telge Projects IPO is ₹105.00 per share.
| Mehul Telecom IPO | Telge Projects IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹96.00 per share | ₹95.00 per share |
| Issue Price (Upper) | ₹98.00 per share | ₹105.00 per share |
| Issue Price (Final) | ₹98.00 per share | ₹105.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1200 shares |
| Fresh Issue Size | 26,85,600 shares | 24,63,600 shares |
| Fresh Issue Size (Amount) | up to ₹26.32 Cr | up to ₹25.87 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 26,85,600 shares | 24,63,600 shares |
| Issue Size Total (Amount) | up to ₹26.32 Cr | up to ₹25.87 Cr |
Mehul Telecom IPO opens on Apr 17, 2026, while Telge Projects IPO opens on Sep 25, 2025. The closing date of Mehul Telecom IPO and Telge Projects IPO is Apr 21, 2026, and Sep 29, 2025, respectively.
| Mehul Telecom IPO | Telge Projects IPO | |
|---|---|---|
| Anchor Bid Date | Apr 16, 2026 | Sep 24, 2025 |
| Issue Open | Apr 17, 2026 | Sep 25, 2025 |
| Issue Close | Apr 21, 2026 | Sep 29, 2025 |
| Basis Of Allotment (Tentative) | Apr 22, 2026 | Sep 30, 2025 |
| Initiation of Refunds (Tentative) | Apr 23, 2026 | Oct 01, 2025 |
| Credit of Share (Tentative) | Apr 23, 2026 | Oct 01, 2025 |
| Listing date (Tentative) | Apr 24, 2026 | Oct 03, 2025 |
| Anchor Lockin End date 1 | May 22, 2026 | Oct 29, 2025 |
| Anchor Lockin End date 2 | Jul 21, 2026 | Dec 28, 2025 |
Mehul Telecom IPO P/E ratio is 13.02, as compared to Telge Projects IPO P/E ratio of 14.04.
| Mehul Telecom IPO | Telge Projects IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 94.25 | 97.28 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 71.50 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 13.02 | 14.04 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹102.43 Cr. | ₹102.80 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 59.84 | 67.29 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 47.16 | 56.22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.83 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹7.53 | ₹7.48 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 35.31 | 47.46 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Mehul Telecom IPO Retail Individual Investors (RII) are offered 9,43,200 shares while in Telge Projects IPO retail investors are offered 9,43,200 shares. Qualified Institutional Buyers (QIB) are offered 5,49,600 shares in Mehul Telecom IPO and 4,92,000 shares in Telge Projects IPO.
| Mehul Telecom IPO | Telge Projects IPO | |
|---|---|---|
| Anchor Investor Reservation | 7,89,600 shares | 7,33,200 shares |
| Market Maker Reservation | 1,44,000 shares | 1,30,800 shares |
| QIB | 5,49,600 shares | 4,92,000 shares |
| NII | 4,03,200 shares | 3,72,000 shares |
| RII | 9,43,200 shares | 8,66,400 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 26,85,600 shares | 24,63,600 shares |
Mehul Telecom IPO subscribed 31.71x in total, whereas Telge Projects IPO subscribed 2.10x.
| Mehul Telecom IPO | Telge Projects IPO | |
|---|---|---|
| QIB (times) | 32.50x | 5.41x |
| NII (times) | 79.38x | 2.75x |
| Big NII (times) | 96.42x | 2.99x |
| Small NII (times) | 45.29x | 2.27x |
| RII (times) | 37.41x | 1.72x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 31.71x | 2.10x |
