How to Check Mittal Sections IPO Allotment Status?

Mittal Sections Limited is engaged in the manufacturing of basic iron and steel products. The company was incorporated in 2009. It 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. It ensures 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.

The product portfolio includes MS Angle (L-shaped mild steel components for load-bearing applications), MS Flats (rectangular steel for construction and automotive), MS Round Bar (cylindrical steel for construction and manufacturing), and MS Channel (C-shaped steel for structural stability). As of February 28, 2025, the company has 63 permanent employees.

The Mittal Sections IPO came with a total issue size of ₹52.91 crore comprising entirely a fresh issue of 0.37 crore shares. The IPO opened on October 7, 2025, and closed on October 9, 2025. The allotment is expected on Friday, October 10, 2025. The share price band was set at ₹136 to ₹143 per share.

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Steps to Check Mittal Sections IPO Allotment Status on Registrar Site

• Visit the Bigshare Services Pvt.Ltd. website 
• Select "Mittal Sections" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Mittal Sections IPO Allotment Status on BSE

• Navigate to the BSE SME IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Mittal Sections" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Mittal Sections IPO Subscription Status

Mittal Sections IPO received moderate investor interest, being subscribed 2.25 times overall. Here is the category-wise breakdown as of 5:04:48 PM on October 9, 2025:

• QIB Category (Ex Anchor): 1.13 times
• Non-Institutional Investors (NII): 0.55 times
• Individual Investors: 4.08 times

Mittal Sections IPO Share Price and Investment Details

The minimum investment required was ₹2,86,000 for two lots (2,000 shares). The issue included 1,85,000 shares for the market maker. Given the moderate subscription of 2.25 times with strong retail interest at 4.08 times, but severely undersubscribed NII at 0.55 times and barely subscribed QIB at 1.13 times, the share price is expected to list with a modest to flat premium.

Utilisation of IPO Proceeds

The proceeds will be utilized for capital expenditure towards acquisition of land, construction of factory building, and purchase of plant & machinery (₹20.82 crore), working capital requirements (₹15.00 crore), repayment of borrowings (₹5.00 crore), and general corporate purposes.

Business Overview

Mittal Sections operates with a well-established manufacturing setup. The manufacturing plants are strategically located, leading to cost efficiencies and a stable supply chain. The company has a strong customer base with an in-depth understanding of customers' requirements. It offers a wide range of product SKUs, supported by an experienced promoter and management team.

The company demonstrated unusual financial performance with a 15% revenue decline but 91% PAT rise between FY24-FY25. It maintains 34.92% ROE, though carryingan  elevated debt-equity ratio of 2.04. The revenue declined from ₹161.65 crore in FY24 to ₹137.07 crore in FY25, while PAT jumped from ₹1.89 crore to ₹3.61 crore. This unusual pattern of rising profits on declining topline raises serious red flags.

The aggressive pricing is reflected in a high P/E ratio of 18.79 post-issue and Price to Book Value of 10.87. The super earnings in the pre-IPO year appear to be window dressing to fetch fancy valuations. The company operates in the highly competitive steel manufacturing segment, which involves commodity price risks.