Mittal Sections IPO
Mittal Sections IPO Details
-
Open Date
07 Oct 2025
-
Close Date
09 Oct 2025
-
Listing Date
14 Oct 2025
- IPO Price Range
₹ 136 – ₹143
- IPO Size
₹ 52.91 Cr
- Listing Exchange
BSE SME
Mittal Sections IPO Timeline
Mittal Sections IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 07-Oct-25 | 0.75 | 0.35 | 2.21 | 1.25 |
| 08-Oct-25 | 0.75 | 0.36 | 3.09 | 1.68 |
| 09-Oct-25 | 1.13 | 0.55 | 4.08 | 2.25 |
Last Updated: 09 October 2025 6:52 PM by 5paisa
Founded in 2009, Mittal Sections Limited manufactures mild steel sections and structural steel products, including:
MS Angle: L-shaped mild steel components for strong, stable, and corrosion-resistant load-bearing applications.
MS Flats: Rectangular steel bars for construction, automotive, and engineering applications, offering durability and ease of 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 weldability for heavy-duty use.
The company employs 63 permanent staff and operates two manufacturing plants in Gujarat, with plans to expand capacity from 36,000 MTPA to 96,000 MTPA.
MD: Mr Ajaykumar Balwantrai Mittal,
Peers:
Rhetan Tmt Ltd
Riddhi Steel And Tube Ltd
Surani Steel Tubes Limited
Mittal Sections Objectives
The company proposes to utilise the net proceeds from the IPO for:
Capital expenditure: ₹20.88 Cr
Working capital requirements: ₹15.00 Cr
Repayment/prepayment of borrowings: ₹5.00 Cr
General corporate purposes
Mittal Sections IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹52.91 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹52.91 Cr |
Mittal Sections IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2000 | ₹2,72,000 |
| Retail (Max) | 2 | 2000 | ₹2,86,000 |
Mittal Sections IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 1.13 | 1,85,000 | 2,09,000 | 2.989 |
| NII (HNI) | 0.55 | 16,65,000 | 9,19,000 | 13.142 |
| Individual Investors (IND category bidding for 2 Lots) | 4.08 | 16,65,000 | 67,98,000 | 97.211 |
| Total** | 2.25 | 35,15,000 | 79,26,000 | 113.342 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars | FY22 | FY23 | FY24 |
| Revenue (₹ Crores) | 149.06 | 167.18 | 161.48 |
| EBITDA (₹ Crores) | 3.23 | 3.27 | 5.53 |
| PAT (₹ Crores) | 0.60 | 0.56 | 1.89 |
| Particulars | FY22 | FY23 | FY24 |
| Total Assets (₹ Crores) | 32.3 | 33.37 | 29.04 |
| Equity Share Capital (₹ Crores) | 2.63 | 2.63 | 2.63 |
| Total Borrowings (₹ Crores) | 13.54 | 20.39 | 15 |
| Particulars | FY22 | FY23 | FY24 |
| Operating Activities (₹ Crores) | 6.5824 | -4.32 | 7.47 |
| Investing Activities (₹ Crores) | -0.60 | -0.77 | -0.11 |
| Financing Activities (₹ Crores) | -5.99 | 5.07 | -7.36 |
| Net Increase/Decrease in Cash (₹ Crores) | -0.008 | -0.24 | 0.001 |
Strengths
1. Well-established manufacturing setup
2. Strategically located plants ensure cost efficiencies
3. Strong customer base with high-quality standards
4. Wide range of product SKUs
Weaknesses
1. Limited brand recognition outside existing markets
2. Dependence on raw material price fluctuations
3. Concentrated geographic operations
4. A moderate workforce may limit large-scale expansion
Opportunities
1. Expansion plans to increase capacity from 36,000 to 96,000 MTPA
2. Rising demand for structural steel in infrastructure projects
3. Diversification into allied steel products with a wide domain
4. Leveraging the brand and “MSL-MITTAL” for national and export markets
Threats
1. Price volatility in steel markets is a big and rising concern
2. Competition from established domestic and international steel players
3. Economic slowdowns affecting construction and manufacturing demand
4. Regulatory changes in industrial operations are a big hindrance
1. A diversified product portfolio reduces dependency on a single product line.
2.Proven manufacturing capabilities with plans for capacity expansion.
3. Experienced promoters and management team with strong industry knowledge.
4. Growing demand for structural steel offers robust long-term growth potential.
5. Funds raised will be used for capital expenditure, debt repayment, and working capital enhancement.
India’s structural steel and construction steel industry is growing due to urbanisation, infrastructure development, and industrial expansion. Mittal Sections, with its high-quality product range and expansion plans, is well-positioned to capitalise on rising demand in both domestic and B2B markets.
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FAQs
The Mittal Sections IPO opens on October 7, 2025 and closes on October 9, 2025.
The Mittal Sections IPO size is ₹52.91 crore.
Mittal Sections IPO has a price band of ₹136 – ₹143 per share.
To apply for Mittal Sections IPO, follow the steps given below:
Login to your 5paisa demat account and select the issue in the current IPO section
Enter the number of lots and the price at which you wish to apply for the Mittal Sections IPO.
Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
For Mittal Sections IPO, a minimum investment required at least 2 lots of 1,000 shares is required, requiring ₹2,72,000.
Allotment of Mittal Sections IPO will be finalised on October 10, 2025.
The share listing date of Mittal Sections IPO is expected to be listed at October 14, 2025
Wealth Mine Networks Pvt. Ltd. is the book running lead manager of Mittal Sections IPO.
Mittal Sections to utilise the raised capital from the IPO for:
- Capital expenditure: ₹20.88 Cr
- Working capital requirements: ₹15.00 Cr
- Repayment/prepayment of borrowings: ₹5.00 Cr
- General corporate purposes
Mittal Sections Contact Details
01, Sona Roopa Apartment,
Opp. Lal Bunglow, C.G. Road,
Navrangpura
Ahmedabad, Gujarat, 380009
Phone: +91-79-26465484
Email: info@mittalsections.com
Website: http://www.mittalsectionslimited.com/
Mittal Sections IPO Register
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Mittal Sections IPO Lead Manager
Wealth Mine Networks Pvt.Ltd