Mittal Sections IPO Sees Moderate Demand, Subscribed 2.25x by Day 3

Mittal Sections Limited's initial public offering (IPO) has demonstrated moderate investor interest through its third day of subscription. The stock price band is set at ₹136-143 per share. The ₹52.91 crore IPO reached 2.25 times by 5:04:48 PM on day three.

Mittal Sections IPO individual investors segment leads with a strong 4.08 times subscription. Qualified institutional buyers (ex-anchor) demonstrate a moderate participation at 1.13 times. Non-institutional investors display limited interest at 0.55 times. 

Subscription Status of Mittal Sections IPO:

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

Here are the subscription details for Mittal Sections IPO as of Day 3 (October 9, 2025, 5:04:48 PM):

Key Highlights - Day 3:

• Overall subscription reached a moderate 2.25 times, showing substantial improvement from day two's 1.68 times
• Individual investors are displaying strong confidence at 4.08 times, building substantially from day two's 3.09 times
• Qualified institutional buyers (ex-anchor) showing moderate growth at 1.13 times, building substantially from day two's 0.75 times
• Total applications reached 3,633, indicating minimal investor participation for this SME IPO
• Cumulative bid amount reached ₹113.34 crores, significantly exceeding the issue size of ₹52.91 crores

Mittal Sections IPO - Day 2 Subscription at 1.68 Times

Key Highlights - Day 2:

• Overall subscription reaching moderate 1.68 times, showing substantial improvement from day one's 1.25 times
• Individual investors displaying moderate confidence at 3.09 times, building substantially from day one's 2.21 times
• Qualified institutional buyers (ex-anchor) showing limited performance at 0.75 times, unchanged from day one's 0.75 times

Mittal Sections IPO - Day 1 Subscription at 1.25 Times

Key Highlights - Day 1:

• Overall subscription reached a moderate 1.25 times, showing positive initial investor interest
• Individual investors are displaying moderate confidence at 2.21 times, showing positive retail sentiment
• Qualified institutional buyers are showing limited performance at 0.75 times, indicating weak institutional appetite
• Non-institutional investors are showing limited performance at 0.35 times, indicating weak HNI appetite

About Mittal Sections Limited

Incorporated in 2009, Mittal Sections Limited is engaged in the manufacturing of basic iron and steel products. The company manufactures mild steel sections and structural steel products, including MS flat bars, round bars, angles, and channels. The company markets its products under the brand name "MSL-MITTAL." The company operates two manufacturing plants in Changodar, Ahmedabad, Gujarat, with an installed capacity of 36,000 MTPA.