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Mittal Sections IPO
2.30xsubscribed

Mittal Sections IPO

Engineering - Construction
listed
₹2.72LMin. investment

Mittal Sections Limited IPO Details

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

Mittal Sections IPO Subscription Status

Date
QIB
NII
Retail
Total
07-Oct-25
0.0 times (X)
0.35 times (X)
2.21 times (X)
1.25 times (X)
08-Oct-25
0.0X
0.47X
3.09X
1.73X
09-Oct-25
1.0X
0.55X
4.06X
2.3X

As on 07-Oct-25, 5:30 PM

Mittal Sections IPO Timeline

  1. Pre-apply
    6 Oct 2025
  2. Bid start
    7 Oct 2025
  3. Bid end
    9 Oct 2025
  4. Allotment
    10 Oct 2025
  5. Release of funds
    13 Oct 2025
  6. Demat transfer
    13 Oct 2025
  7. Listing
    14 Oct 2025

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.

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Objectives of Mittal Sections Limited IPO

Capital expenditure
39.35%
The company will utilise ₹20.81 crore for the acquisition of land and construction work.
Working capital
28.35%
The company will utilise ₹15 crore for funding business working capital.
General corporate purposes
23.00%
Part of the IPO proceeds will be used for general corporate purposes
Repayment of loans
9.45%
The company will utilise ₹5.00 crore for repayment or prepayment of borrowings

Compare

CompanyRevenue*3Y growthPATMarket capP/E ratioD/E ratio
This IPO₹136.86Cr-9.52%₹3.61Cr₹165.42Cr31.152.04
This sector (avg.)₹2,186.73Cr0.03%₹107.3Cr₹5,580.04Cr39.871.33
₹2,55,547.01Cr---₹17,687.39Cr₹5,40,931.7Cr33.291.36
₹19,923.02Cr---₹1,281.52Cr₹71,599.59Cr63.030.57
₹7,062Cr---₹6,480.68Cr₹25,092.05Cr3.811.04

*Revenue for financial year 2024-25. Lower P/E and D/E ratios are generally preferred.

Mittal Sections IPO Contact Details

Company NameMittal Sections Limited

How to apply for Mittal Sections IPO?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Mittal Sections Limited IPO FAQs