Mittal Sections IPO
Open SmeCurrent GMP
₹0 (0.00%)
Price Band
₹ 136 – 143
Lot Size
1000
Issue Size
₹52.91 Cr
Minimum Investment
₹286000 (2000 Shares)
Listing Date
14 October 2025
Subscription
2.31x
About the Company
Incorporated in 2009, Mittal Sections Limited is engaged in the manufacturing of basic iron and steel products. The company specializes in producing mild steel sections and structural steel products, catering to diverse industrial and construction needs.
The product portfolio includes MS flat bars, round bars, angles, and channels, marketed under the brand name “MSL-MITTAL”, which is recognized for its quality, durability, and adherence to industry standards. The company ensures that its steel products meet stringent specifications, making them a reliable choice for client projects across multiple sectors.
Mittal Sections Limited operates two manufacturing facilities in Changodar, Ahmedabad, Gujarat, with a current installed production capacity of 36,000 MTPA. The company has expansion plans underway to increase capacity to 96,000 MTPA, strengthening its position in the steel manufacturing sector.
Product Range:
- MS Angles: L-shaped mild steel components designed for strength, stability, and corrosion resistance in load-bearing applications.
- MS Flats: Rectangular steel sections suitable for construction, automotive, and engineering industries, known for durability and ease of fabrication.
- MS Round Bars: Cylindrical steel products offering high ductility, strength, and versatility for use in construction and manufacturing.
- MS Channels: C-shaped steel sections ensuring excellent load distribution, structural stability, and weldability for heavy-duty applications.
As of February 28, 2025, the company employs 63 permanent staff members, supporting its operations and growth initiatives.
Promoters
- Mr. Ajaykumar Balwantrai Mittal
- Mr. Atul Balwantrai Mittal
- M/s. Well Plan Tradelink Private Limited
Promoters Holding
Holding Pre Issue
99.92%
Holding Post Issue
0.00%
Objects of the Issue
The Company Mittal Sections IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- To Capital expenditure towards Acquisition of Land, Construction of Factory Building and Purchase of Plant & Machineries
- To meet Working Capital requirements.
- Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by our Company
- General Corporate Purpose
Address / Contact Info
Mittal Sections Ltd.
01, Sona Roopa Apartment,
Opp. Lal Bunglow, C.G. Road,Navrangpura
Ahmedabad, Gujarat, 380009
Phone: +91-79-26465484
Email: info@mittalsections.com
Website: http://www.mittalsectionslimited.com/
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Tuesday, 07 October 2025
IPO Close Date
Thursday, 09 October 2025
Basis of Allotment
Friday, 10 October 2025
Initiation of Refunds
Monday, 13 October 2025
Credit of Shares to Demat
Monday, 13 October 2025
Listing Date
Tuesday, 14 October 2025 — NSE & BSE
Important Dates
Open Date
07 October 2025
Close Date
09 October 2025
Basis Of Allotment
10 October 2025
Listing Date
14 October 2025
Financial Performance (₹ in Crores)
| Particular | 31 May 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 50.48 | 45.42 | 29.04 | 33.37 |
| Revenue | 281.71 | 137.07 | 161.65 | 167.53 |
| Profit After Tax | 1.47 | 3.61 | 1.89 | 0.56 |
| Net Worth | 11.81 | 10.34 | 6.73 | 4.84 |
| Reserve & Surplus | 3.94 | 2.47 | 4.11 | 2.21 |
| Total Borrowings | 20.7 | 21.09 | 15 | 20.39 |
EPS Pre
2.41%
EPS Post
4.17%
P/E Pre
59.42
P/E (Post Issue)
34.27x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|
| ROE % | 34.92 | 28.13 | 11.55 |
| ROCE % | 31.27 | 42.05 | 18.43 |
| Debt / Equity | 2.04 | 2.23 | 4.21 |
| RoNW % | 34.92 | 28.13 | 11.55 |
| PbW | 0 | 0 | 0 |
| Pat Margin % | 2.64 | 1.17 | 0.33 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Qualified Institutions | 185000 | 5.26 | 0 |
| Non-Institutional | 1665000 | 47.37 | 0 |
| BNII | 1110000 | 31.58 | 0 |
| SNII | 555000 | 15.79 | 0 |
| Retail Investors | 1665000 | 47.37 | 0 |
| Total | 3515000 | 100 | 0 |
Subscription Status ( Thu, 09 Oct 25 01:54 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 185000 | 209000 | 1.13x |
| Non-Institutional | 1665000 | 1104000 | 0.66x |
| Retail Investors | 1665000 | 6798000 | 4.08x |
| Total | 3515000 | 8111000 | 2.31x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Mittal Sections Limited | 10 | 0.00 | 4.59 | 4.59 | 34.92 | 13.15 |
| Rhetan TMT Limited | 1 | 328.00 | 0.06 | 0.06 | 5.27 | 1.18 |
| Riddhi Steel and Tube Ltd | 10 | 9.28 | 9.15 | 9.15 | 10.53 | 7.91 |
| Surani Steel Tubes Ltd | 10 | 123.00 | 0.38 | 0.38 | 0.46 | 78.36 |
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | 286,000.00 |
| Retail (Max) | 2 | 2,000 | 286,000.00 |
| S-HNI (Min) | 3 | 3,000 | 429,000.00 |
| S-HNI (Max) | 6 | 6,000 | 858,000.00 |
| B-HNI (Min) | 7 | 7,000 | 1,001,000.00 |
Registrar
Bigshare Services Pvt Ltd
91-22-6263 8200
investor@bigshareonline.com
https://www.bigshareonline.com
Book Running Lead Managers
- Wealth Mine Networks Private Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Mittal Sections IPO is a Book-building IPO worth ₹52.91 crores. The price band is ₹136 to 143 per share. The IPO opens on Tue, Oct 7, 2025 and closes on Thu, Oct 9, 2025. It will be listed on BSE and NSE. Bigshare Services Pvt Ltd is the registrar.
The Mittal Sections IPO opens on Tue, Oct 7, 2025 and closes on Thu, Oct 9, 2025
Mittal Sections IPO Price Band is ₹136 to 143.
Mittal Sections IPO lot size is 1000, and the minimum amount required for application is ₹286000.
The minimum investment for Mittal Sections IPO is approximately ₹286000 based on the upper price band.
To apply for the Mittal Sections IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Thu, Oct 9, 2025. After submission, funds are blocked until the basis of allotment of Mittal Sections IPO is finalised.
Mittal Sections IPO issue size is ₹52.91 crores.
Mittal Sections IPO allotment date is Sat, Jun 27, 2026.
The registrar for Mittal Sections IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website for IPO allotment status, refund processing, and other queries related to Mittal Sections IPO through their official website or helpline.