Mittal Sections Ltd. Link 
Allotment
The Mittal Sections Ltd. IPO is a book-built public issue with a total size of ₹52.91 crore. The offering consists solely of a fresh issuance of approximately 0.37 crore equity shares, with no offer for sale component.
The IPO opened for subscription on October 7, 2025, and closed on October 9, 2025. The allotment of shares was completed on October 10, 2025, and the company’s equity shares were subsequently listed on the BSE SME platform on October 14, 2025.
The price band for the Mittal Sections IPO has been fixed at ₹143 per share. Investors were required to apply for a minimum lot of 1,000 shares. Based on the upper price band, the minimum investment for retail investors was ₹2,86,000, which corresponds to 2,000 shares. For High Net Worth Individuals, the minimum application size was three lots, or 3,000 shares, involving an investment of ₹4,29,000.
Wealth Mine Networks Pvt. Ltd. acted as the book running lead manager for the issue, while Bigshare Services Pvt. Ltd. served as the registrar. Sunflower Broking Pvt. Ltd. was appointed as the market maker for the IPO.
₹143
0%
Open
₹143
HIgh - Low
₹143
Previous Close
₹143
Total Traded Value
0
52 Weeks High
₹143
52 Weeks Low
₹143
Updates On
Oct 1, 2025
IPO. Open
Oct 7, 2026
IPO. Close
Oct 9, 2026
IPO. Price
₹143.00
IPO Market price
₹165.42 Cr
IPO Details
| IPO Date | 14 Oct |
| IPO Listing Date | 14 Oct |
| IPO Face Value | ₹10 per share |
| IPO Price Range | ₹143.00 |
| IPO Issue Size | 37,00,000 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE SME Platform |
| Share Holding Pre Issue | 78,67,500 shares |
IPO Timeline
| IPO Open Date | 7 Oct |
| IPO Close Date | 9 Oct |
| IPO Allotment (Tentative) | 10 Oct |
| Refunds | 13 Oct |
| Credit to Demat Account | 13 Oct |
| IPO Listing Date | 14 Oct |
IPO Reservation
| Category | Offer |
|---|---|
| QIB Shares Offered | 1,85,000 (5.00%) |
| NII (HNI) Shares Offered | 16,65,000 (45.00%) |
| Retail Shares Offered | 16,65,000 (45.00%) |
IPO Lot Size
Investors can bid for a minimum of 2,000 shares, with additional shares available in multiples of 1,000.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹2,86,000 |
| 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 |
Established in 2009, Mittal Sections Limited operates in the iron and steel manufacturing sector, focusing on the production of essential steel products for industrial and construction use.
The company specializes in the manufacture of mild steel sections and structural steel items such as MS flat bars, round bars, angles, and channels. Its product portfolio is designed to meet diverse application needs while maintaining consistent quality and performance standards.
Mittal Sections Limited sells its products under the brand name “MSL-MITTAL,” a name associated with strength, durability, and compliance with industry norms. The brand reflects the company’s commitment to delivering reliable steel solutions that adhere to precise technical and project requirements.
The company runs two manufacturing facilities located in Changodar, Ahmedabad, Gujarat. These plants currently have a combined installed capacity of 36,000 metric tonnes per annum. To support growing demand, the company has planned capacity expansion, which is expected to increase total production capability to 96,000 metric tonnes per annum.
Its product range includes MS angles, which are L-shaped steel components widely used for load-bearing structures due to their strength and corrosion resistance. MS flats are rectangular steel sections commonly applied in construction, automotive, and engineering projects, valued for their durability and ease of fabrication. MS round bars are cylindrical steel products known for their flexibility, tensile strength, and suitability for manufacturing applications. MS channels are C-shaped structural sections that provide excellent load distribution, strong structural support, and good weldability for heavy-duty use.
As of February 28, 2025, the company employs 63 permanent staff members across its operations.
Mittal Sections Limited benefits from several competitive advantages, including a well-developed manufacturing infrastructure and strategically located plants that help reduce costs and ensure a reliable supply chain. The company has built a strong and loyal customer base by developing a deep understanding of client needs and offering a broad range of product SKUs. Its experienced promoters and management team further strengthen operational efficiency and long-term growth prospects.
Company Financials (Consolidated)
| Assets | 50.48 | 45.42 | 29.04 |
| Total Income | 28.17 | 137.07 | 161.65 |
| Profit After Tax | 1.47 | 3.61 | 1.89 |
| EBITDA | 2.48 | 7.79 | 5.53 |
| NET Worth | 11.81 | 10.34 | 6.73 |
| Reserves and Surplus | 3.94 | 2.47 | 4.11 |
| Total Borrowing | 20.7 | 21.09 | 15 |
Key Performance Indicator (KPI
| ROE | 34.92% |
| ROCE | 31.27% |
| Debt/Equity | 2.04 |
| RoNW | 34.92% |
| PAT Margin | 2.64% |
| EBITDA Margin | 5.69% |
| Price to Book Value | 10.87 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | 20.82 |
| 2 | To meet out the expenses of Working Capital Requirement | 15 |
| 3 | To meet out the General Corporate Purposes; | 2.06 |
| 4 | Offer for Sale (OFS) | - |
Contact Details
Mittal Sections Limited
01, Sona Roopa Apartment
Opposite Lal Bunglow, C.G. Road
Navrangpura, Ahmedabad
Gujarat – 380009
Phone: +91-79-26465484
Email: info@mittalsections.com
Website: www.mittalsectionslimited.com
Detail Registrar
IPO Registrar
Bigshare Services Pvt.Ltd.
+91-22-6263 8200
ipo@bigshareonline.com
https://ipo.bigshareonline.com/IPO_Status.html
The IPO opened on 7 October 2025 and closed on 9 October 2025. Shares were allotted on 10 October 2025 and listed on the BSE SME platform on 14 October 2025.
The IPO price was fixed at ₹143 per share with a face value of ₹10. Retail investors had to apply for a minimum of 2,000 shares worth ₹2,86,000.
Mittal Sections raised around ₹53 crore through a fresh issue of approximately 37,00,000 equity shares. There was no offer for sale component in this IPO.
The IPO allocation included 5% for QIBs, 45% for Non-Institutional Investors, and 45% for retail investors under the book-building structure on the SME platform.
The proceeds were planned for capital expenditure on land, factory building, and machinery, working capital requirements, repayment of borrowings, and general corporate purposes.
For FY2025, the company reported revenue of ₹137.07 crore and PAT of ₹3.61 crore, reflecting improved profitability despite a decline in overall revenue.
Mittal Sections manufactures mild steel structural products such as MS angles, flats, round bars, and channels, serving construction and industrial sectors through its Gujarat-based facilities.
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