Mittal Sections IPO Details
The key details of Mittal Sections’s IPO are outlined below, covering all crucial aspects from price range to investment requirements and regulatory documents.
| IPO Size | ₹52.91 Cr |
| Price Range | ₹136 - ₹143 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | BSE |
| Minimum Quantity | 2,000 |
| Investment (cut-off price) | ₹2,86,000 |
| Pre IPO Promotor Holding | 99.92% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
Mittal Sections IPO Timelines
The IPO process for Mittal Sections includes key dates for participants to know. The timeline allows for strategic planning and participation, helping investors stay informed and engaged throughout the entire process.
Update soon
Start DateUpdate soon
End DateUpdate soon
Allotment DateUpdate soon
Refund InitiationUpdate soon
Credit of Shares to Demat AcUpdate soon
Listing DateMittal Sections IPO Lot Size
The Mittal Sections IPO has a fixed lot size of 1,000 shares, at an upper price band of ₹143 per share. For retail investors, the minimum and maximum application is 2,000 shares (2 lots) amounting to ₹2,86,000. For Small HNI (S-HNI) investors, the minimum application is 3,000 shares (3 lots) worth ₹4,29,000, while the maximum is 6,000 shares (6 lots) amounting to ₹8,58,000. Big HNI (B-HNI) investors need to apply for at least 7,000 shares (7 lots), totaling ₹10,01,000.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 | 2000 | ₹2,86,000 |
| Retail Maximum | 2 | 2000 | ₹2,86,000 |
| S-HNI Minimum | 3 | 3000 | ₹4,29,000 |
| S-HNI Maximum | 6 | 6000 | ₹8,58,000 |
| B-HNI Minimum | 7 | 7000 | ₹10,01,000 |
Mittal Sections IPO Subscription Status
The subscription status for Mittal Sections IPO shows market demand across different investor categories, providing valuable insights into the offering’s performance. You can track real-time subscription data below.
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹ | ₹ | ₹ | ₹ |
Mittal Sections IPO Company Financials
Mittal Sections reports robust performance in FY2025 with Total Income of ₹136.86 crores, managing expenses at ₹131.92 crores, and achieving a strong PAT (Profit After Tax) of ₹3.61 crores, demonstrating significant growth potential ahead of its public offering.
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2023 | ₹167.18 | ₹166.77 | ₹0.56 |
| FY 2024 | ₹161.48 | ₹159.05 | ₹1.89 |
| FY 2025 | ₹136.86 | ₹131.92 | ₹3.61 |
| FY 2026 (2 M) | ₹28.15 | ₹26.12 | ₹1.47 |
About 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 such as MS flat bars, round bars, angles, and channels. These products are marketed under the brand name “MSL-MITTAL,” which is recognized for quality, durability, and adherence to industry standards. The brand ensures reliable steel solutions that meet strict client specifications across various construction and industrial applications.
Mittal Sections Limited operates two manufacturing plants in Changodar, Ahmedabad, Gujarat, with a current installed capacity of 36,000 metric tons per annum. The company has plans to expand this capacity to 96,000 metric tons per annum. Its product range includes MS angles for load-bearing support, MS flats for construction and engineering use, MS round bars for strength and ductility, and MS channels that offer structural stability and weldability. As of February 28, 2025, the company employed 63 permanent staff members.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2009 | Steel | Ajaykumar Mittal |
Know Before Investing
Mittal Sections IPO Strengths
- Mittal Sections Limited has over 16 years of experience in manufacturing structural steel products, positioning it as a credible player in the metals sector.
- The company produces a variety of mild steel products including angles, flat bars, round bars, and channels, catering to diverse customer needs across industries.
- With production installations capable of manufacturing around 60,000 metric tonnes per annum, Mittal Sections can meet substantial demand volumes.
- Relationships with a wide base of customers contribute to steady revenue streams and reduce dependency on a few clients.
- Adoption of quality standards and consistent manufacturing practices ensure product reliability and customer satisfaction.
- Market demand for steel sections is fueled by infrastructure, construction, and industrial sectors, driving growth opportunities.
Mittal Sections IPO Risks
- Steel manufacturing is vulnerable to volatile prices of iron ore, coal, and scrap metal, potentially squeezing margins.
- The steel and metal products industry is competitive with numerous established and regional players, exerting pricing pressures.
- Dependence on construction and infrastructure sectors exposes operations to economic cycles and potential downturns.
- Manufacturing operations require significant working capital to manage inventory and payables, creating liquidity risks.
- Evolving environmental and safety regulations may increase compliance costs or cause operational disruptions.
- Majority of operations and sales concentrated in Gujarat and surrounding regions, limiting geographic diversification.
Swot Analysis for Mittal Sections IPO
Strengths
Established Manufacturing Facility, Strong Regional Presence, Customer Centric Approach
Weaknesses
Regional Concentration, Scale Compared to Large Competitors, Limited Online Presence
Opportunities
Infrastructure Growth, Digital Transformation, Sustainability Initiatives
Threats
Volatile Raw Material Prices, Economic Downturn Risks, Logistical Challenges
Company Details
Mittal Sections Ltd.
01, Sona Roopa Apartment, Opp. Lal Bunglow, C.G. Road, Navrangpura, Ahmedabad, Gujarat, India, 380009
Phone: +91-79-26465484
Email: info@mittalsections.com
Website: http://www.mittalsectionslimited.com/
IPO Registar Details
Bigshare Services Pvt. Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
FAQs
The key objectives of Mittal Sections SME IPO are:
- 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 the Company
- General Corporate Purposes
Wealth Mine Networks Pvt. Ltd. is the book-running lead managers for the Mittal Sections IPO.
Mittal Sections IPO demonstrates growth potential with net income rising from ₹0.56 crore in FY23 to ₹3.61 crore in FY25 despite revenue challenges. Rising infrastructure demand and operational efficiency position the company to benefit from India’s expanding construction and industrial steel markets.
The issue price for the Mittal Sections IPO is set between ₹136 to ₹143 per share.
To invest in two lot of Mittal Sections IPO, you need ₹2,72,000 at the lower price band (₹136 per share) or ₹2,86,000 at the upper price band (₹143 per share) for a lot size of 2000 shares.
Mittal Sections IPO shares are scheduled to be listed on the Bombay Stock Exchange (BSE) on October 14, 2025.
Refund/unblocking of funds for Mittal Sections IPO will begin on October 13, 2025. ASBA/UPI blocks will be removed within 1 working day.
You can sell shares your Mittal Sections IPO shares on listing day (October 14, 2025) after they are credited to your demat account. If you want to sell in the pre-open market, the timing for that session is from 9:00 AM to 9:15 AM. Otherwise, you can sell after 10:00 AM during regular trading hours.