Mittal Sections IPO
GMP, Subscription, Price, Dates & Financial Details
Steel & Iron Products
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,…
Open Date
Tue, 07 Oct 2025
Close Date
Thu, 09 Oct 2025
Price Band
₹ 136 – 143
Lot Size
1000
Issue Size
₹ 52.91 Cr
Minimum Investment
₹ 286,000 (2000 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Mittal Sections IPO has successfully completed its IPO process and is now listed on BSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹52.91 Crore, comprising a fresh issue of 37.00 Lakh equity shares aggregating to ₹52.91 Crore.
The Mittal Sections IPO remained open for subscription from October 07, 2025, to October 09, 2025. The basis of allotment was finalized on October 10, 2025, and the company's shares were listed on BSE SME Platform on October 14, 2025.
The company had fixed the price band at ₹136 to ₹143 per share, with a lot size of 1000 shares. Retail investors were required to make a minimum investment of ₹286,000 (based on the upper price band) to apply for one lot.
Bigshare Services Pvt Ltd served as the registrar to the issue. Wealth Mine Networks Private Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Mittal Sections Limited is now a publicly listed company on BSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Mittal Sections IPO Timeline (Tentative)
- IPO Open Date
- Tue, 07 Oct 25
- IPO Close Date
- Thu, 09 Oct 25
- Basis of Allotment
- Fri, 10 Oct 25
- Initiation of Refunds
- Mon, 13 Oct 25
- Credit of Shares to Demat
- Mon, 13 Oct 25
- Listing Date
- Tue, 14 Oct 25 — NSE & BSE
Open Date
07 October 2025
Close Date
09 October 2025
Basis Of Allotment
10 October 2025
Listing Date
14 October 2025
IPO Subscription
Check Live Subscription →The Mittal Sections IPO has received bids for 81,11,000 shares against 35,15,000 shares offered, resulting in an overall subscription of 2.31x. the NII category is subscribed 0.66x, Retail Investors 4.08x, and QIBs 1.13x.
QIB
1.13x
NII
0.66x
RII
4.08x
Total
2.31x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 16,65,000 shares, representing 47.37% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 1,85,000 shares (5.26%), while Non-Institutional Investors (NIIs) receive 16,65,000 shares (47.37%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 185,000 | 5.26% |
| Non-Institutional | 1,665,000 | 47.37% |
| BNII | 1,110,000 | 31.58% |
| SNII | 555,000 | 15.79% |
| Retail Investors | 1,665,000 | 47.37% |
| Total | 3,515,000 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Mittal Sections Limited KPI Information
| 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 |
| Pat Margin % | 2.64 | 1.17 | 0.33 |
Peers Comparison
| 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 |
About Mittal Sections Limited
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.
Mittal Sections IPO 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%
Mittal Sections IPO Objective
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
Mittal Sections Limited Address / Contact Details
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
Mittal Sections IPO Lot Size
The Mittal Sections IPO has a lot size of 1,000 shares. Retail investors require a minimum investment of ₹2,86,000 by applying for 2 lot (2,000 shares). The maximum application allowed for the retail category is 2 lots (2,000 shares), requiring an investment of ₹2,86,000.
| 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 |
Issue Reservation
- QIB — 5.26%
- NII — 47.37%
- RII — 47.37%
Book Running Lead Managers
- Wealth Mine Networks Private Limited
IPO Documents & Links
Explore More IPOs
Currently Open
Coming Up Next
Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Mittal Sections IPO?
Mittal Sections IPO is a Book-building IPO with a total issue size of ₹52.91 crore. The Mittal Sections IPO price band is ₹136 to 143 per share. The Mittal Sections IPO subscription opens on Tue, Oct 7, 2025, and closes on Thu, Oct 9, 2025. The Mittal Sections IPO will be listed on the BSE. Bigshare Services Pvt Ltd is the registrar for the Mittal Sections IPO.
When will the Mittal Sections IPO open for subscription?
The Mittal Sections IPO opens on Tue, Oct 7, 2025 and closes on Thu, Oct 9, 2025
What is Mittal Sections IPO Price Band?
Mittal Sections IPO Price Band is ₹136 to 143 per share.
What is Mittal Sections IPO Lot Size?
Mittal Sections IPO lot size is 1000 shares, Retail investors need a minimum investment of ₹286000 based on the upper price band
What is the minimum investment for Mittal Sections IPO?
The minimum investment for Mittal Sections IPO is ₹286000, based on one lot of 1000 shares at the upper price band of ₹143 per share.
How to apply for Mittal Sections IPO?
Investors can apply for the Mittal Sections IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Thu, Oct 9, 2025. The application amount remains blocked until the Mittal Sections IPO allotment is finalized.
What is Mittal Sections IPO Issue Size?
Mittal Sections IPO issue size is ₹52.91 crores.
What is the Mittal Sections IPO Allotment Date?
Mittal Sections IPO allotment date is Fri, Oct 10, 2025.
Who is the Mittal Sections IPO Registrar?
The registrar for Mittal Sections IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Mittal Sections IPO allotment status, refund processing, and other IPO-related information.
Who is the Mittal Sections IPO Lead Manager?
The book-running lead managers (BRLMs) for the Mittal Sections IPO are Wealth Mine Networks Private Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Mittal Sections IPO Red Herring Prospectus (RHP).