Mittal Sections IPO
Mittal Sections Ltd. IPO is a book build issue of ₹52.91 crores. The issue is entirely a fresh issue of 0.37 crore shares of ₹52.91 crore. Mittal Sections IPO opens for subscription on Oct 7, 2025 and closes on Oct 9, 2025. The allotment for the Mittal Sections IPO is expected to be finalized on Oct 10, 2025. Mittal Sections IPO will list on BSE SME with a tentative listing date fixed as Oct 14, 2025. Mittal Sections IPO price band is set at ₹136.00 to ₹143.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹2,86,000.00 (2,000 shares) (based on upper price). The minimum lot size investment for HNI is 3 lots (3,000 shares), amounting to ₹4,29,000. Wealth Mine Networks Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Total Shares
37,00,000
Issue Size
₹52.91 Cr
Price Band
₹136 – ₹143
Lot Size
1000 shares
Min. Investment
₹2,86,000
Max. Investment
₹2,86,000
Open Date
07 Oct, 2025
Close Date
09 Oct, 2025
Allotment
10 Oct, 2025
Listing
14 Oct, 2025
Max. Investment
₹2,86,000
Announced
07 Oct, 2025
Opening Date
07 Oct, 2025
Closing Date
09 Oct, 2025
Basis of Allotment
10 Oct, 2025
Initiation of Refunds
13 Oct, 2025
Credit of Shares
13 Oct, 2025
Listing Date
14 Oct, 2025
Choose your broker • Zero commission on IPO
Incorporated in 2009, Mittal Sections Limited is engaged in the manufacturing of basic iron and steel products.
The company is a manufacturer of mild steel sections and structural steel products, including MS flat bars, round bars, angles, and channels, offering a wide range of high-quality solutions.
The company markets its products under the brand name “MSL-MITTAL,” known for quality, durability, and industry standards, ensuring r
Issue Breakdown
Shareholding
Dilution: 47.0% increase in shares
Investors can bid for a minimum of 2,000 shares and in multiples of 1,000 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 2000 | ₹2,86,000 |
| Individual investors (Retail) (Max) | 2 | 2000 | ₹2,86,000 |
| S-HNI (Min) | 3 | 3000 | ₹4,29,000 |
| S-HNI (Max) | 6 | 6000 | ₹8,58,000 |
| B-HNI (Min) | 7 | 7000 | ₹10,01,000 |
(All values in CR)
The market capitalization of Mittal Sections IPO is ₹165.42 Cr. KPI as of Sun, Mar 31, 2024.
| Metric | Value |
|---|---|
| ROE | 28.13 |
| ROCE | 42.05 |
| Debt/Equity | 2.23 |
| RoNW | 28.13 |
| PAT Margin | 1.17 |
| Price to Book Value | 16.71 |
(All values in CR)
Mittal Sections IPO Strength:
Capacity expansion plans indicate strong growth potential.
Funds to be used for working capital and debt reduction.
Specialization in structural steel products with steady demand.
Promoter holding reflects confidence in the business.
Modest IPO size, easier to absorb by the market.
Established track record of operations with consistent revenues.
Mittal Sections IPO Risk:
High debt levels create financial pressure.
Low profitability margins make earnings vulnerable.
Steel industry is cyclical and raw material costs are volatile.
Intense competition from larger and regional players.
SME listing may face low liquidity and high volatility.
Dependence on limited clients or regions may affect stability.
Strong promoter control may reduce minority influence.
Mittal Sections IPO subscribed 2.23 times. The public issue subscribed 4.04 times in the individual investors category, 1.13 times in QIB (Ex Anchor), and 0.55 times in the NII category by October 9, 2025 3:59:55 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Market Maker | 1.00 | 1,85,000 | 1,85,000 | 2.646 |
| QIB (Ex Anchor) | 1.13 | 1,85,000 | 2,09,000 | 2.989 |
| Non-Institutional Buyers | 0.55 | 16,65,000 | 9,13,000 | 13.056 |
| bNII (bids above ₹10L) | 0.41 | 11,10,000 | 4,59,000 | 6.564 |
| sNII (bids below ₹10L) | 0.82 | 5,55,000 | 4,54,000 | 6.492 |
| Individual Investors (IND category bidding for 2 Lots) | 4.04 | 16,65,000 | 67,24,000 | 96.153 |
| Total | 2.23 | 35,15,000 | 78,46,000 | 112.198 |
Mittal Sections SME IPO last GMP is ₹0, last updated Oct 9th 2025 02:55 PM. With the price band of 143.00, Mittal Sections SME IPO's estimated listing price is ₹143 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%.
Last updated 09 Oct, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 09 Oct, 2025 | 143 | ₹0 | - | ₹143 (0.00%) | - | 09 Oct, 2025 |
| 08 Oct, 2025 | 143 | ₹0 | - | ₹143 (0.00%) | - | 08 Oct, 2025 |
| 07 Oct, 2025 | 143 | ₹0 | - | ₹143 (0.00%) | 38000 | 07 Oct, 2025 |
| 06 Oct, 2025 | 143 | ₹0 | - | ₹143 (0.00%) | - | 06 Oct, 2025 |
| 05 Oct, 2025 | 143 | ₹0 | - | ₹143 (0.00%) | - | 05 Oct, 2025 |
| 04 Oct, 2025 | 143 | ₹0 | - | ₹143 (0.00%) | - | 04 Oct, 2025 |
| 03 Oct, 2025 | 143 | ₹0 | - | ₹143 (0.00%) | - | 03 Oct, 2025 |
| 02 Oct, 2025 | 143 | ₹0 | - | ₹ (%) | - | 02 Oct, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Mittal Sections IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.