Mittal Sections IPO Date, Review, Price, Allotment Details

Posted on: 03 Oct 2025

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

IPO Open Date
October 7, 2025
IPO Close Date
October 9, 2025
Face Value
₹10 Per Equity Share
IPO Price Band
₹134 to ₹143 Per Share
Issue Size
Approx ₹52.91 Crores
Fresh Issue
Approx ₹52.91 Crores
Issue Type
Book Built Issue
IPO Listing
BSE SME
DRHP Draft Prospectus
PDF

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.

Application
Lot Size
Shares
Amount
Retail Minimum
2
2,000
₹2,86,000
Retail Maximum
2
2,000
₹2,86,000
S-HNI Minimum
3
3,000
₹4,29,000

IPO Reservation

Investor Category
Share Offered
-% Shares
Anchor Investor
– Shares
-%
QIB (Ex. Anchor)
1,85,000 Shares
5%
NII Shares Offered
16,65,000 Shares
45%
Retail Shares Offered
16,65,000 Shares
45%

Mittal Sections IPO Anchor Investors

Anchor Bidding Date
2025
Anchor Investors List
PDF
Shares Offered
[.] Shares
Anchor Size
[.] Cr.
Lock-in period end date 50% shares (30 Days)
2025
Lock-in period end date 50% shares (90 Days)
2025

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.

IPO Open Date:
October 7, 2025
IPO Close Date:
October 9, 2025
Basis of Allotment:
October 10, 2025
Refunds:
October 13, 2025
Credit to Demat Account:
October 13, 2025
IPO Listing Date:
October 14, 2025
IPO Bidding Cut-off Time:
October 9, 2025 – 5 PM

Promoters and Holding Pattern

The promoters of Mittal Sections are Abhiraj Singh Bhal, Raghav Chandra, and Varun Khaitan.

Particular
Shares
% Share
Promoter Holding Pre Issue
78,67,500
99.92%
Promoter Holding Post Issue
1,15,67,500
67.95%

Objects of the Issue & Utilisation of Proceeds

Purpose
Crores
To Capital expenditure towards Acquisition of Land, Construction of Factory Building, and Purchase of Plant & Machinery
20.89
To meet Working Capital requirements
15.00
Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company
5.00
General Corporate Purpose

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 EndedRevenueExpensePATAssets
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.

KPI
Values
ROE:
34.92%
ROCE:
31.27%
EBITDA Margin:
5.69%
PAT Margin:
2.64%
Debt-to-equity ratio:
2.04
Earning Per Share (EPS):
₹4.59 (Basic)
Price/Earning (P/E) Ratio:
N/A
Return on Net Worth (RoNW):
34.92%
Net Asset Value (NAV):
₹13.15

Peer Group Comparison

Company
EPS
PE Ratio
RoNW %
NAV
Income
Rhetan TMT Limited
0.06
328.00
5.27%
1.18
38.74 Cr.
Riddhi Steel and Tube Limited
9.15
9.28
10.53%
7.91
393.94 Cr.
Surani Steel Tubes Limited
0.38
123.00
0.46%
78.36
227.39 Cr.

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/


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