Mittal Sections Limited
Bookbuilding IPO · BSE
- Price band
- ₹136 - ₹143
- Lot size
- 1,000 shares
- Issue amount
- ₹52.91 cr
- Total subscription
- 2.31×
- Opens
- 7 Oct 2025
- Closes
- 9 Oct 2025
- Allotment
- 10 Oct 2025
- Listing
- 14 Oct 2025
Offer at a glance
Issue overview
- Issue size
- 37,00,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,36,000
- Fresh issue
- ₹52.91 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,43,000
- Issue type
- Bookbuilding IPO
- Shares before issue
- 78,67,500
- Shares after issue
- 1,15,67,500
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 2 | 2,000 | ₹2,86,000 |
| sHNI | 3 | 3,000 | ₹4,29,000 |
| bHNI | 7 | 7,000 | ₹10,01,000 |
Share reservation
Subscription & GMP
Subscription by category
Reported 9 Oct 2025
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| QIB | 0 | 4 |
| NIB | 0 | 202 |
| RETAIL | 833 | 3,399 |
| HNIs(10L +) | 370 | 64 |
| HNIs (2-10L) | 185 | 138 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 2.65 | 2.99 |
| FIIs | 0 | 1 |
| Others | 0 | 1.99 |
| RETAIL | 23.81 | 97.21 |
| NIB | 23.81 | 15.79 |
| HNIs 2+ | 7.94 | 6.58 |
| HNIs 10+ | 15.87 | 9.21 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | May-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 1.87 | 4.59 | 2.41 |
| ROE | 0 | 0 | 0 |
| ROCE | 10.26 | 31.27 | 42.05 |
| RONW | 12.43 | 34.92 | 28.13 |
| PRE IPO(PE) | 0 | 31.15 | 0 |
| POST IPO(PE) | 18.79 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Mittal Sections Limited, incorporated in 2009, is a manufacturer of mild steel sections and structural steel products such as flat bars, round bars, angles, and channels, marketed under the brand name “MSL-MITTAL.” Known for quality and durability, its products meet strict industry standards and are widely used across construction, automotive, and engineering applications. The company operates two plants in Changodar, Ahmedabad, Gujarat, with an installed capacity of 36,000 MTPA and plans to expand to 96,000 MTPA. As of February 28, 2025, it employs 63 permanent staff, supporting its mission to deliver reliable and high-quality steel solutions
Strengths
- Well-Established Manufacturing Plants: Two facilities in Changodar, Ahmedabad provide cost efficiency and reliable supply chain.
- Wide Steel Product Range: Offers structural steel products like angles, flats, rounds, and channels under the trusted brand “MSL-MITTAL.”
- Loyal Customer Base: Strong demand built on quality, durability, and compliance with industry standards.
Risk factors
- Ongoing Legal Issues: Pending cases involving the company, promoters, and directors may affect operations and management focus.
- Regional Concentration Risk: Heavy dependence on Gujarat operations makes revenues vulnerable to regional disruptions.
- Supplier Reliance: Dependence on a few key suppliers for raw materials creates risks of supply disruption, price changes, or quality concerns.
Promoters
Mr. Ajaykumar Balwantrai Mittal
Mr. Atul Balwantrai Mittal
Registrar & documents
Lead manager
Wealth Mine Networks Private Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
01, Sona Roopa Apartment, Opp. Lal Bunglow, C.G. Road, Navrangpura Ahmedabad, Gujarat, 380009
+91-79-26465484
[email protected]Company website ↗Understanding MITTALSTL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.