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Mittal Section IPO
Mittal Sections IPO is a book build issue of INR 52.91 crores. The issue is entirely a fresh issue and the price band is set at INR 136 to INR 143 per share. The lot size for an application is 1,000 and the minimum amount required by an individual investor is INR 2,86,000 (2,000 shares). Mittal Section IPO opens for subscription on Oct 7, 2025 and closes on Oct 9, 2025. IPO will list on BSE SME with a tentative listing date fixed as Oct 14, 2025.
Company Background
Mittal Sections Limited, incorporated in 2009, is a manufacturer of basic iron and steel products specializing in mild steel sections and structural steel products such as MS flat bars, round bars, angles and channels. The company markets its products under the brand "MSL-MITTAL," recognized for quality and durability. Operating two manufacturing plants in Changodar, Ahmedabad, with an installed capacity of 36,000 MTPA, Mittal Sections plans to expand capacity to 96,000 MTPA to meet growing demand. Their product range supports various heavy-duty and structural applications across industries.
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Mittal Section IPO
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| - | - | - | - |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Mittal Section IPO Details
| Detail | Description |
|---|---|
| IPO Date | October 7, 2025 to October 9, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹136 to ₹143 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 37,00,000 shares (aggregating up to ₹52.91 Cr) |
| 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 |
Mittal Section IPO Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Tue, Oct 7, 2025 |
| IPO Close Date | Thu, Oct 9, 2025 |
| Tentative Allotment | Fri, Oct 10, 2025 |
| Initiation of Refunds | Mon, Oct 13, 2025 |
| Credit of Shares to Demat | Mon, Oct 13, 2025 |
| Tentative Listing Date | Tue, Oct 14, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 9, 2025 |
Mittal Section IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,86,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,86,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,29,000 |
| S-HNI (Max) | 6 | 6,000 | ₹8,58,000 |
| B-HNI (Min) | 7 | 7,000 | ₹10,01,000 |
Mittal Section IPO Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| Promoter Holding Pre Issue | 99.92% |
| Promoter Holding Post Issue | - |
Competitive Strength:
- • Extensive market coverage with a strong and diverse customer base, supported by a deep understanding of customer requirements.
- • Experienced promoters and a management team possessing significant industry knowledge and expertise.
Mittal Section IPO Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2024 | 35.11 | 68.97 | 2.41 | 9.14 | - | 12.99 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2024 | 29.04 | 161.65 | 1.89 | 6.73 | - | 15 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 33.37 | 167.53 | 0.56 | 4.84 | - | 20.39 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 32.3 | 149.35 | 0.6 | 4.28 | - | 13.54 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 28.13% |
| ROCE | 42.05% |
| Debt/Equity | 2.23 |
| RoNW | 28.13% |
| PAT Margin | 1.17% |
| Price to Book Value | 16.71 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 2.41 | 4.17 |
| P/E (x) | 59.42 | 34.27 |
Conclusion
Mittal Section IPO offers an opportunity for investors to invest in a well-established steel manufacturing company known for its strong market presence and focus on high-quality mild steel sections and structural steel products. With a solid reputation, experienced management team, and expansion plans, Mittal Sections is well-positioned to capitalize on rising market demand, making it an attractive option for long-term investors.
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