IPO - Check IPO Date, Price, Lot Size

Mittal Sections Ltd IPO

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.

Mittal Sections Ltd IPO Details

Total Shares Offered

₹ 37,00,000

Offer to Public

TBA

Retail Max (Shares)

₹ 16,65,000

Pre Issue Promoters Holding

₹ 78,61,500

Exchange

BSE

Issue size

₹ 52.91 Cr

IPO Open Date

Oct 7, 2025

Close Date

Oct 9, 2025

Lot Size

2000

Min Investment

₹ 2,72,000

Issue Type

Book Building - SME

Listing Date

Oct 14, 2025

Mittal Sections Ltd IPO Dates

Oct 7, 2025

Opening date

Oct 9, 2025

Closing date

Oct 10, 2025

Basis of Allotment

Oct 13, 2025

Initiation of Refunds

Oct 13, 2025

Credit of Shares

Oct 14, 2025

Listing date

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	1.13x	185000	209000
NII	0.66x	1665000	1104000
Retail	4.08x	1665000	6798000
Employee	0x	0	0
Total	2.19x	3700000	8111000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

1.13x

0.66x

4.08x

2.19x

185000

1665000

3700000

209000

1104000

6798000

8111000

Mittal Sections Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	6.15	3.56	1.66
EBITDA	7.14	4.52	2.56
PAT	3.61	1.89	0.56
Total Assets	33.44	20.77	24.41
Share Capital	7.87	2.62	2.62
Total Borrowings	27.80	19.76	16.62
Operating Activities (Net Cash)	4.60	2.85	1.46
Investing Activities (Net Cash)	-3.79	0.03	0.04
Financing Activities (Net Cash)	27.80	19.76	16.62
Net Cashflow	0.03	0.03	0.03

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.

Peer Comparison:

Rhetan TMT Ltd
Riddhi Steel & Tube Ltd
Surani Steel Tubes Ltd

Mittal Sections Ltd 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.

How To Apply for Mittal Sections Ltd IPO Online?

Step 1:

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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Mittal Sections Ltd IPO?

Mittal Sections Ltd's IPO offers shares for up to 52.91 It begins on Oct 7, 2025 and ends on Oct 9, 2025.

What is the price of the Mittal Sections Ltd IPO?

The price of Mittal Sections Ltd IPO ranges between ₹136 to ₹143 per share.

What are the open and close dates for the Mittal Sections Ltd IPO?

The Mittal Sections Ltd IPO opens on Oct 7, 2025 and closes on Oct 9, 2025.

When will the Mittal Sections Ltd IPO be allotted?

The allotment for the Mittal Sections Ltd IPO will be finalised on Oct 10, 2025. The shares will be listed on BSE and NSE on Oct 14, 2025.

What is the minimum lot size required for Mittal Sections Ltd IPO?

The minimum lot size for Mittal Sections Ltd IPO is 2000 shares, priced between ₹136 to ₹143 per share.

What is the GMP of Mittal Sections Ltd IPO?

The GMP (Grey Market Premium) of Mittal Sections Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Mittal Sections Ltd IPO?

To check the allotment status of Mittal Sections Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Mittal Sections Ltd IPO getting listed?

The Mittal Sections Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Oct 7, 2025, and closes on Oct 9, 2025. The allotment is finalised on Oct 10, 2025.

How do you apply for the Mittal Sections Ltd IPO?

To apply for the Mittal Sections Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.