Mittal Sections IPO

1.25x

subscribed

Mittal Sections IPO

Engineering - Construction
open
₹2.72LMin. investment
  1. Pre-apply
    6 Oct
  2. Bid start
    7 Oct
  3. Bid end
    9 Oct
  4. Allotment
    10 Oct
  5. Release of funds
    13 Oct
  6. Demat transfer
    13 Oct
  7. Listing
    14 Oct

About Mittal Sections Limited

SectorEngineering - Construction
Price range₹136 – ₹143
IPO type
SME
Lot size1000 shares
Issue size₹52Cr
Red Herring Prospectus
Read
Market Cap
₹165.42CrLower than sector avg
RevenueApr 2024 - Mar 2025
₹136.86CrLower than sector avg
Growth rate3Y CAGR
-9.52%Lower than sector avg

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

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Revenue
Higher revenue means strong sales and good market demand
This IPO
₹136.86Cr
This sector
₹2,186.73Cr
Compare with companies
3Y growth
Strong 3-year growth shows consistent progress and potential
This IPO
-9.52%
This sector
0.03%
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
₹3.61Cr
This sector
₹107.3Cr
Compare with companies
Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹165.42Cr
This sector
₹5,580.04Cr
Compare with companies
P/E ratio
Lower ratio usually means stock is undervalued
This IPO
31.15
This sector
39.87
Compare with companies
D/E ratio
Lower ratio usually means fewer liabilities
This IPO
2.04
This sector
1.33
Compare with companies

Objectives

Capital expenditure
39.35%
Working capital
28.35%
General corporate purposes
23.00%
Repayment of loans
9.45%

About Mittal Sections Limited

Incorporated in 2006, Mittal Sections Ltd is a manufacturer of mild steel sections and structural steel products, including MS flat bars, MS round bars, MS angles, and channels. The company sells the entire product line under its brand name “MSL-MITTAL”. It operates two manufacturing plants located at in Ahmedabad, Gujarat, with an aggregate installed capacity of 36,000 MTPA, with plans to increase the capacity to 96,000 MTPA, which is expected to become operational by end of FY26. It offers ~55 SKUs of structural steel products with MS angles contributing 52.82% of revenue, followed by MS rect bars & square bars at 26.61% in FY25. State of Gujarat contributed 99.75% of FY25 revenue.

IPO Subscription Status

Date
QIB
NII
Retail
Total
07-Oct-25 (Today)
0.0 times (X)
0.35 times (X)
2.21 times (X)
1.25 times (X)

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Mittal Sections IPO ?

The issue size of the Mittal Sections IPO is 52 Cr.

What is 'pre-apply' for Mittal Sections IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Mittal Sections IPO shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Bidding closes on 9 Oct 2025, 5:00 PM