Mittal Sections IPO Date, Review, Price, Allotment Details
The Mittal Sections IPO opens on October 7, 2025, and will close on October 9, 2025. It is a Book Built Issue, through which the company aims to raise approximately ₹52.91 crores entirely via a fresh issue. The IPO also includes an offer for sale of [.] equity shares with a face value of ₹10 each.
The price band for the IPO is ₹136 to ₹143 per share. The allocation is set as: Retail Investors – 35%, Qualified Institutional Buyers (QIBs) – 50%, and High Net Worth Individuals (HNIs) – 15%. The IPO is scheduled to list on BSE on October 14, 2025, with the allotment date on October 10, 2025.
Financially, Mittal Sections reported a revenue of ₹161.65 crores in 2024, slightly down from ₹167.53 crores in 2023. However, the profit increased to ₹1.89 crores in 2024 from ₹0.56 crores in 2023. Based on these financials, the IPO may be considered suitable for long-term investment.
Mittal Sections IPO Details
Mittal Sections IPO Market Lot
The Mittal Sections IPO has a minimum market lot of 2,000 shares, requiring an application amount of ₹2,86,000.
IPO Reservation
Mittal Sections IPO Anchor Investors
Mittal Sections IPO Dates
The Mittal Sections IPO opens on October 7, 2025, and closes on October 9, 2025. The allotment will be finalized on October 10, and the IPO is scheduled to list on October 14, 2025.
Promoters and Holding Pattern
The promoters of Mittal Sections are Abhiraj Singh Bhal, Raghav Chandra, and Varun Khaitan.
Objects of the Issue & Utilisation of Proceeds
About Mittal Sections IPO
Mittal Sections Limited is a prominent manufacturer of basic iron and steel products. The company specializes in producing mild steel items such as flat bars, round bars, angles, and channels.
These products are durable, high-quality, and widely used in construction and industrial projects. Mittal Sections Limited operates two manufacturing plants in Changodar, Ahmedabad, Gujarat, with a current production capacity of 36,000 MTPA, which it plans to expand to 96,000 MTPA.
The company boasts strong capabilities, a well-established manufacturing infrastructure, a loyal customer base, and a knowledgeable team. Its promoters and management possess extensive industry experience, contributing to its continued growth and reliability.
Mittal Sections IPO Company Financial Report
Amount in Crores (₹)
Period Ended Revenue Expense PAT Assets 2023 ₹167.53 ₹166.77 ₹0.56 ₹33.37 2024 ₹161.65 ₹159.05 ₹1.89 ₹29.04 2025 ₹137.07 ₹131.92 ₹3.61 ₹45.42 May 2025 ₹28.17 ₹26.12 ₹1.47 ₹50.48
Mittal Sections IPO Valuation – FY2024
Check Mittal Sections IPO valuation details like Earnings Per Share (EPS), Price/Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
Peer Group Comparison
IPO Lead Managers aka Merchant Bankers
- Wealth Mine Networks Pvt. Ltd.
IPO Registrar
Bigshare Services Pvt. Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Company Address
Mittal Sections Ltd.
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/