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Mittal Sections Ltd

IPO Details · GMP · Subscription · Financials

✅ Listed BSE SME SME Live Chart
Issue Price
₹143
Per Share
GMP
NIL
Grey Market
Est. Listing
₹143
Expected Price
Min. Application
₹286,000
2 lots × 1000 shares
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
Check AllotmentCheck Status →
Mittal Sections Ltd — Live Price LIVE
₹143.00
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Issue ₹143.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹143
GMPNIL
Est. Listing₹143
Lot Size1,000 shares
Min Amount₹286,000
Listing Date14 Oct 2025
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹143
Listing Date14 Oct 2025
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
TOTAL 3,700,000 100.00% ₹52.91 Cr
* Based on ₹143.00 (upper price band)
Lot Size & Investment Details
Lot Size
1,000
Shares
Issue Price
₹143.00
Per Share
Min Investment
₹143,000
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 1,000 ₹143,000
Retail (Max) 13 13,000 ₹1,859,000
sNII (Min) 14 14,000 ₹2,002,000
bNII (Min) 68 68,000 ₹9,724,000
Company Financials — Restated Consolidated (Amount in ₹ Crore)
Particulars30 Sep 202431 Mar 202431 Mar 2023
Revenue from Operations 68.97 161.65 167.53
EBITDA N/A N/A N/A
Profit After Tax (PAT) 2.41 1.89 0.56
Net Worth 9.14 6.73 4.84
Total Assets 35.11 29.04 33.37
Reserves & Surplus 6.52 4.11 2.21
Total Borrowings 12.99 15.00 20.39
Key Ratios & Valuation
Issue Price ₹143
Face Value ₹10 Per Share
P/BV 10.87
RoE 34.92%
RoCE 31.27%
RoNW 34.92%
PAT Margin (%) 2.64%
EBITDA Margin (%) 5.69%
Debt / Equity 2.04
Company Details
Company
Mittal Sections Ltd
Exchange
BSE SME
IPO Type
SME IPO
Issue Type
Bookbuilding IPO
Face Value
₹10 Per Share
Script Code
N/A
Address
01, Sona Roopa Apartment, Opp. Lal Bunglow, C.G. Road, Navrangpura Ahmedabad, Gujarat, 380009
Book Running Lead Managers
Wealth Mine Networks Pvt.Ltd
Book Running Lead Manager (BRLM)