Mittal Sections Limited – IPO
Mittal Sections Limited – IPO Details
| IPO Date | October 7, 2025 to October 9, 2025 |
| Listing Date | October 14, 2025 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 136 to ₹ 143 / Share |
| Lot Size | 1000 Shares |
| Total Issue Size | 37,00,000 shares (Aggregating up to ₹52.91 Cr) |
| Fresh Issue | |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share holding pre issue | 78,67,500 shares |
| Share holding post issue | 1,15,67,500 shares |
| Market Maker portion |
Mittal Sections Limited Timeline (Tentative Schedule)
Mittal Sections Limited IPO opens on October 7, 2025, and closes on October 9, 2025.
| IPO Open Date | October 7, 2025 |
| IPO Close Date | October 9, 2025 |
| Basis of Allotment | October 10, 2025 |
| Initiation of Refunds | October 13, 2025 |
| Credit of Shares to Demat | October 13, 2025 |
| Listing Date | October 14, 2025 |
| Cut-off time for UPI mandate confirmation | October 9, 2025 |
Mittal Sections Limited IPO Lot Size
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | Rs.286,000 |
| Retail (Max) | 2 | 2,000 | Rs.286,000 |
| S-HNI (Min) | 3 | 3,000 | Rs.429,000 |
| S-HNI (Max) | 6 | 6,000 | Rs.858,000 |
| B-HNI (Min) | 7 | 7,000 | Rs.1,001,000 |
| HNI (Min) |
Mittal Sections Limited IPO Promoter Holding
| Share Holding Pre Issue | 99.92% |
| Share Holding Post Issue |
Mittal Sections Limited IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | Not more than 50% |
|
| NII (HNI) Shares Offered | Not less than 15% |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | Not less than 35% |
|
| Employee Shares Offered | |
|
| Total Shares Offered | |
Mittal Sections Limited IPO Anchor Investors Details
| Bid Date | |
| Shares Offered | |
| Anchor Portion Size (In Cr.) | |
| Anchor lock-in period end date for 50% shares (30 Days) | |
| Anchor lock-in period end date for remaining shares (90 Days) |
About Mittal Sections Limited
Incorporated in the year 2009, Mittal Sections Limited is involved in producing simple iron and steel products.
Mittal Sections Limited is a producer of mild steel sections and structural steel items such as MS flat bars, round bars, angles, and channels, providing an extensive array of high-quality solutions.
The company sells its products under the brand name "MSL-MITTAL," synonymous with quality, durability, and industry standards, providing dependable steel products with strict specifications for client projects.
The company has two manufacturing facilities in Changodar, Ahmedabad, Gujarat, with an installed capacity of 36,000 MTPA. Expansion plans include raising the capacity to 96,000 MTPA.
Products:
MS Angle: L-shaped mild steel pieces for durable, stable, and rust-resistant load-bearing usage.
MS Flats: Square steel for construction, auto, and engineering, with durability and simple fabrication.
MS Round Bar: Circular steel with known ductility, strength, and simple fabrication in construction and manufacturing.
MS Channel: C-shaped steel offering good load bearing, structural support, and simple weldability for heavy applications.
As of February 28, 2025, the firm has 63 permanent staff.
Competitve Strengths:
Excellent manufacturing setup
Strategically located manufacturing plants, resulting in cost savings and a stable supply chain
Strong customer base
Thorough understanding of customers' needs
Broad range of our product SKUs
Experienced promoters and management team
Key Performance Indicator
The market capitalization of Mittal Sections IPO is ₹165.42 Cr.
| KPI | Values |
|---|---|
| ROE | 28.13% |
| ROCE | 42.05% |
| Debt/Equity | 2.23 |
| RoNW | 28.13% |
| P/BV | 16.71 |
| PAT Margin (%) | 1.17% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.41 | 4.17 |
| P/E (x) | 59.42 | 34.27 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on the date of RHP and the latest FY earnings as of March 31, 2024, that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 202,4, that is available in RHP.
Objects of the Issue (Mittal Sections Limited IPO Objectives)
Mittal Sections Limited Contact Details
Mittal Sections Ltd. 01, Sona Roopa Apartment, Opp. Lal Bunglow, C.G. Road, Navrangpura Ahmedabad, Gujarat, 380009 Phone: +91-79-26465484 Email: [email protected] |
Mittal Sections Limited IPO Registrar
Bigshare Services Pvt.Ltd. Phone: +91-22-6263 8200 Email: [email protected] |