Mittal Sections Ltd IPO
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Mittal Sections Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| TBA | TBA | TBA | TBA | BSE | ₹ 52.92 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 07 Oct, 25 | 09 Oct, 25 | 2000 | ₹ 2,72,000 | Book Building - SME | 14 Oct, 25 |
Mittal Sections Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Steel - Medium |
| Sub Sector | Small |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 0 | 0 |
| NII | 0x | 0 | 0 |
| Retail | 0x | 0 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 0 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Mittal Sections Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 3.56 | 1.66 | 1.63 |
| EBITDA | 4.52 | 2.56 | 2.46 |
| PAT | 1.89 | 0.56 | 0.60 |
| Total Assets | 20.77 | 24.41 | 23.45 |
| Share Capital | 2.62 | 2.62 | 2.62 |
| Total Borrowings | 19.76 | 16.62 | 16.42 |
| Operating Activities (Net Cash) | 2.85 | 1.46 | 1.43 |
| Investing Activities (Net Cash) | 0.03 | 0.04 | 0.04 |
| Financing Activities (Net Cash) | 19.76 | 16.62 | 16.42 |
| Net Cashflow | 0.03 | 0.03 | 0.06 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Mittal Sections Ltd
Our Company was originally formed as Partnership Firm under the name and style of Mittal Steel Industries on November 01, 2006, bearing Firm Registration No. GUJ/AMS/37135. Subsequently, the constitution of partnership firm was changed on July 29, 2008 for admission of partners. Subsequently, the name of partnership firm was changed from Mittal Steel Industries to Mittal Sections on August 02, 2008. Subsequently, vide partnership agreement dated March 31, 2009 and pursuant to a resolution passed in the meeting of the partners held on March 31, 2009, Mittal Sections was converted from a partnership firm to a joint stock company with name Mittal Sections Limited in accordance to Part IX of the Companies Act 1956 and a Certificate of Incorporation dated April 02, 2009, was issued by Registrar of Companies, Gujarat, Dadra and Nagar Haveli. The Corporate Identity Number of our Company is U27109GJ2009PLC056527.
India is the world's second-largest producer of crude steel, with an output of 125.32 MT of crude steel and finished steel production of 121.29 MT in FY23. India's domestic steel demand is estimated to grow by 9-10% in FY25 as per ICRA. India's steel production is estimated to grow 4-7% to 123-127 MT in FY24. The growth in the Indian steel sector has been driven by the domestic availability of raw materials such as iron ore and cost-effective labour. Consequently, the steel sector has been a major contributor to India's manufacturing output.
Our company is a leading manufacturer of an extensive range of Mild Steel sections and structural steel products, including MS Flat Bars, MS Round Bars, MS Angles, and Channels. These products are produced in compliance with various BIS standards, primarily IS 2062: 2011, ensuring consistent quality and high performance across all applications.
Peer Comparison:
- Rhetan TMT Ltd
- Riddhi Steel & Tube Ltd
- Surani Steel Tubes Ltd
Mittal Sections Ltd IPO Key Points
Strengths
- Wide Range of Products.
- Strong relationship with customers and suppliers.
- Experienced management team with industry expertise.
Risk
- There are outstanding legal mattersinvolving our Company, Promoters and Directors. Any adverse decisions could divert management time and attention and have an adverse effect on our business, prospects, results of operations and financial condition.
- Our revenues are highly dependent on our operations in geographical region of state of Gujarat. Any adverse development affecting our operations in this region could have an adverse impact on our business, financial condition and results of operations.
- Several of our key raw materials and components are sourced from a limited group of third-party suppliers giving rise to supplier concentration risks. Any restrictions in supply or defects in quality could cause delays in project construction or implementation and impair our ability to provide our services to customers at a price that is profitable to us, which could have a material adverse effect on our business, financial condition and results of operations.
Strategy
- Expansion of manufacturing facilities.
- Strengthen our customer base by growing existing customer business and acquiring new customers.
- Reduction of operational costs and improving operational efficiencies.
- Strengthen our brand value.
- Wide Range of Products.
- Strong relationship with customers and suppliers.
- Experienced management team with industry expertise.
How To Apply for Mittal Sections Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
