Mittal Sections Limited IPO Details
SME
Mittal Sections IPO opens for subscription on 07 Oct 2025 and closes on 09 Oct 2025. The IPO will be listed on BSE with the tentative listing date set for 14 Oct 2025.
Mittal Sections IPO price band has been fixed at ₹136 – ₹143 per share.The face value is ₹10 per share with a lot size of 1000.
Mittal Sections IPO total issue size comprises 37,00,000 shares (aggregating up to ₹52.91 Cr.). This includes a fresh issue of 37,00,000 shares (aggregating up to ₹52.91 Cr.). Pre-issue shareholding stands at 78,67,500, which will increase to 1,15,67,500 post-issue.
Mittal Sections IPO Lot Size : Individual Minimum is 2 lots (2,000 shares) amounting to ₹286,000. Individual Maximum is 2 lots (2,000 shares) amounting to ₹286,000. SHNI Minimum is 3 lots (3,000 shares) amounting to ₹429,000. SHNI Maximum is 6 lots (6,000 shares) amounting to ₹858,000. BHNI Minimum is 7 lots (7,000 shares) amounting to ₹1,001,000.
The Lead Managers for Mittal Sections IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Wealth Mine Networks Private Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Sunflower Broking. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Mittal Sections Limited RHP.
Mittal Sections IPO Details
Mittal Sections IPO Subscription
Mittal Sections IPO Application Wise Breakup
Mittal Sections IPO Dates
- 07 Oct 2025Opening dateOPD
- 09 Oct 2025Closing dateCOD
- 10 Oct 2025Allotment Date BOA
- 13 Oct 2025Initiation of RefundsIOR
- 13 Oct 2025Credit of SharesCOS
- 14 Oct 2025Listing dateLID
Mittal Sections IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual Minimum | 2 | 2000 | ₹286,000 |
| Individual Maximum | 2 | 2000 | ₹286,000 |
| SHNI Minimum | 3 | 3000 | ₹429,000 |
| SHNI Maximum | 6 | 6000 | ₹858,000 |
| BHNI Minimum | 7 | 7000 | ₹1,001,000 |
Mittal Sections IPO Reservation
Promoter Holding
Documents
Mittal Sections IPO Valuations
Mittal Sections Financial Information
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 35.11 | 29.04 | 33.37 | 32.3 |
| Revenue | 68.97 | 161.65 | 167.53 | 149.35 |
| Profit After Tax | 2.41 | 1.89 | 0.56 | 0.6 |
| Net Worth | 9.14 | 6.73 | 4.84 | 4.28 |
| Reserves and Surplus | 6.52 | 4.11 | 2.21 | 1.66 |
| Total Borrowing | 12.99 | 15 | 20.39 | 13.54 |
| Amount in ₹ Crore | ||||
About Mittal Sections IPO
Incorporated in 2009, Mittal Sections Limited is engaged in the manufacturing of basic iron and steel products.
The company is a manufacturer of mild steel sections and structural steel products, including MS flat bars, round bars, angles, and channels, offering a wide range of high-quality solutions.
The company markets its products under the brand name “MSL-MITTAL,” known for quality, durability, and industry standards, ensuring reliable steel products that meet strict specifications for client projects.
The company operates two manufacturing plants in Changodar, Ahmedabad, Gujarat, with an installed capacity of 36,000 MTPA. Expansion plans aim to increase capacity to 96,000 MTPA.
Products:
- MS Angle: L-shaped mild steel components for strong, stable, and corrosion-resistant load-bearing applications.
- MS Flats: Rectangular steel for construction, automotive, and engineering, offering durability and easy fabrication.
- MS Round Bar: Cylindrical steel known for ductility, strength, and easy fabrication in construction and manufacturing.
- MS Channel: C-shaped steel providing excellent load distribution, structural stability, and easy weldability for heavy use.
As of February 28, 2025, the company has 63 permanent employees.
Strength Of Mittal Sections IPO
1. Wide Range of Products.
2. Strong relationship with customers and suppliers.
3. Experienced management team with industry expertise.
Risk Of Mittal Sections IPO
1. There are outstanding legal mattersinvolving our Company, Promoters and Directors. Any adverse decisions could divert management time and attention and have an adverse effect on our business, prospects, results of operations and financial condition.
2. Our revenues are highly dependent on our operations in geographical region of state of Gujarat. Any adverse development affecting our operations in this region could have an adverse impact on our business, financial condition and results of operations.
3. Several of our key raw materials and components are sourced from a limited group of third-party suppliers giving rise to supplier concentration risks. Any restrictions in supply or defects in quality could cause delays in project construction or implementation and impair our ability to provide our services to customers at a price that is profitable to us, which could have a material adverse effect on our business, financial condition and results of operations.
4. We may continue to derive a material portion of our revenue from our top five customers and our financial dependence on our top five customers poses a potential risk. A reduction in business from these top five customers or any other major clients could have negative implications for both our revenue and profitability.
5. Labour-Intensive Operations and the Potential Risks of Workforce Disruptions.
6. We have not been able to obtain certain records of educational qualifications one of our Director and Senior Managerial Personnel, and have relied on certificates and affidavits furnished by them for such details of their profile, included in this Draft Red Herring Prospectus.
7. Our Company requires significant amounts of working capital for continued growth. Our inability to meet our working capital requirements may have an adverse effect on the results of operations.
8. We have issued Equity Shares in the last twelve months, the price of which is lower than the Issue Price.
9. We have experienced negative cash flows from investing and financing activities in the past.
10. The average cost of acquisition of Equity Shares by our Promoters is lower than the issue price.
Objectives Mittal Sections IPO
1. To Capital expenditure towards Acquisition of Land, Construction of Factory Building and Purchase of Plant & Machineries
2. To meet Working Capital requirements
3. Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company
4. General Corporate Purposes
Company Contact Details
Mittal Sections Limited
01, Sona Roopa Apartment,
Opp. Lal Bunglow, C.G. Road,
Navrangpura
Phone: +91-79-26465484
Email: info@mittalsections.com
Website: http://www.mittalsectionslimited.com/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
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