✓
Open
7 Oct 2025
✓
Close
9 Oct 2025
3
Allotment
—
✓
Listing
Tue, Oct 14, 2025
Price Band
₹136 to ₹143
Issue Size
37,00,000 shares (agg. up to ₹53 Cr)
Lot Size
1,000 Shares
Listing Date
Tue, Oct 14, 2025
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 2.21x |
Restated Financials (₹ Cr.)
| Period Ended | 31 May 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 50.48 | 45.42 | 29.04 | 33.37 |
| Total Income | 28.17 | 137.07 | 161.65 | 167.53 |
| Profit After Tax | 1.47 | 3.61 | 1.89 | 0.56 |
| EBITDA | 2.48 | 7.79 | 5.53 | 3.27 |
| NET Worth | 11.81 | 10.34 | 6.73 | 4.84 |
| Reserves and Surplus | 3.94 | 2.47 | 4.11 | 2.21 |
| Total Borrowing | 20.70 | 21.09 | 15.00 | 20.39 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| M P K Steels (I) Ltd. | SME | ₹25.74 Cr | ₹79 | 9.04 | ₹83.50 | +5.70% | ₹118.90 (+0.76%) |
| P S Raj Steels Ltd. | SME | ₹28.28 Cr | ₹140 | 12.14 | ₹150.60 | +7.57% | ₹417.90 (+4.47%) |
| Newmalayalam Steel Ltd. | SME | ₹41.76 Cr | ₹90 | 26.67 | ₹85.50 | -5.00% | ₹24.45 (-0.20%) |
| VMS TMT Ltd. | Mainboard | ₹148.50 Cr | ₹99 | 22.24 | ₹99.65 | +0.66% | ₹45.12 (-1.51%) |
| Sambhv Steel Tubes Ltd. | Mainboard | ₹540.00 Cr | ₹82 | 23.97 | ₹97.59 | +19.01% | ₹118.96 (-1.66%) |
| Scoda Tubes Ltd. | Mainboard | ₹220.00 Cr | ₹140 | 33.81 | ₹147.00 | +5.00% | ₹144.65 (-0.31%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Capital expenditure towards Acquisition of Land, Construction of Factory Building and Purchase of Plant & Machineries | 20.82 |
| 2 | To meet working capital requirements | 15.00 |
| 3 | Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company | 5.00 |
| 4 | General Corporate Purposes | 2.06 |
| 5 | Issue Expenses | 10.03 |
| Total | 52.91 |
About Mittal Sections 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 reliable steel products that meet strict specifications for client projects. The company operates two manufacturing plants in Changodar, Ahmedabad, Gujarat, with an installed capacity of 36,000 MTPA. Expansion plans aim to increase capacity to 96,000 MTPA. Products: MS Angle: L-shaped mild steel components for strong, stable, and corrosion-resistant load-bearing applications. MS Flats: Rectangular steel for construction, automotive, and engineering, offering durability and easy fabrication. MS Round Bar: Cylindrical steel known for ductility, strength, and easy fabrication in construction and manufacturing. MS Channel: C-shaped steel providing excellent load distribution, structural stability, and easy weldability for heavy use. As of February 28, 2025, t
Contact Details
Mittal Sections Ltd. Address01, Sona Roopa ApartmentOpp.Lal Bunglow, C.G.RoadNavrangpuraAhmedabad, Gujarat, 380009+91-79-26465484info@mittalsections.comVisit Website