IPO Issue Details
Issue Price / Price Band₹143 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,000 Shares per Lot
Total Issue Size37,00,000 shares (aggregating up to ₹52.91 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenTue, 07 Oct 2025
Subscription CloseThu, 09 Oct 2025
Anchor AllotmentMon, 06 Oct 2025
Basis of AllotmentFri, 10 Oct 2025
Initiation of RefundsMon, 13 Oct 2025
Credit of Shares to DematMon, 13 Oct 2025
Listing DateTue, 14 Oct 2025
UPI Mandate Deadline2025-10-09
Application & Investment Details
Retail — Min (2 Lots)₹2,86,000 — 2,000 shares
Retail — Max (13 Lots)₹1,859,000 (13 Lots)
HNI — Min (3 Lots)₹4,29,000 — 3,000 shares
EPS (Pre-IPO)₹4.59
EPS (Post-IPO)₹7.61
P/E Ratio (Pre-IPO)31.15x
P/E Ratio (Post-IPO)18.79x
Pre-IPO Promoter Holding78,67,500 shares
Post-IPO Promoter Holding1,15,67,500 shares
About Mittal Sections Ltd
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.Competitve Strengths:Well-established manufacturing setupManufacturing plants are strategically located, leading to cost efficiencies and a stable supply chainStrong Customer BaseIn depth understanding of customers’ requirementsWide range of our product SKUsExperienced Promoters and management team
Objects of the Issue
Mittal Sections Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
To Capital expenditure towards Acquisition of Land, Construction of Factory Building and Purchase of Plant & Machineries
20.88
2
To meet Working Capital requirements
15
3
Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company
5
4
General Corporate Purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding
78,67,500 shares
Post-IPO Promoter Holding
1,15,67,500 shares