Mittal Sections IPO description – Mittal Sections is a prominent manufacturer of Mild Steel (MS) structural and sectional products, operating under the registered brand “MSL-MITTAL.” The company offers a comprehensive product range, including MS Flat Bars, MS Round Bars, MS Angles, and Channels, all manufactured in compliance with BIS standards, primarily IS 2062:2011. As of 31 May 2025, Mittal Sections operates two manufacturing units in Changodar, Ahmedabad, Gujarat, with a combined installed capacity of 36,000 metric tonnes per annum (MTPA). Expansion plans are underway to increase total capacity to 96,000 MTPA by FY2026.
The company’s product portfolio supports key industries such as construction, infrastructure, automotive, and engineering, offering grades like E250A to meet diverse requirements. Mittal Sections distributes its products through an established broker and dealer network, ensuring wide regional accessibility. As of 31 July 2025, the company employed 51 permanent staff, supported by contract workers.
Promoters of Mittal Sections – Mr. Ajaykumar Balwantrai Mittal, Mr. Atul Balwantrai Mittal, and Well Plan Tradelink Pvt. Ltd.
Table of Contents
Mittal Sections IPO Details
| Mittal Sections IPO Dates | 7 – 9 October 2025 |
| Mittal Sections Issue Price | INR 136 – 143 per share |
| Fresh Issue | 37,00,000 shares (INR 50.32 – 52.91 crore) |
| Offer For Sale | Nil |
| Total IPO Size | 37,00,000 shares (INR 50.32 – 52.91 crore) |
| Minimum Bid | 2,000 shares (INR 2,86,000) |
| Lot Size | 1,000 shares (INR 1,43,000) |
| Face Value | INR 10 per share |
| Individual Allocation | 35% |
| Listing On | BSE SME |
Mittal Sections Financial Performance
| FY 2023 | FY 2024 | FY 2025 | 2M FY 2026 | |
| Revenue | 167.18 | 161.48 | 136.86 | 28.15 |
| Expenses | 166.77 | 159.05 | 131.92 | 26.12 |
| Net income | 0.56 | 1.89 | 3.61 | 1.47 |
Mittal Sections Offer News
- Mittal Sections RHP
- Mittal Sections Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- Highest SME IPO Subscription in 2025
Mittal Sections Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 | |
| EPS | 0.71 | 2.41 | 4.59 |
| PE ratio | – | – | 29.63 – 31.15 |
| RONW (%) | 11.55 | 28.13 | 34.92 |
| NAV | 6.15 | 8.56 | 13.15 |
| ROCE (%) | 18.43 | 42.05 | 31.27 |
| EBITDA (%) | 1.96 | 3.42 | 5.69 |
| Debt/Equity | 4.21 | 2.23 | 2.04 |
Mittal Sections IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| Coming soon | – | – | – |
Mittal Sections IPO Subscription – Live Updates
| Category | QIB | NII | Individual | Total |
|---|---|---|---|---|
| Shares Offered | 1,85,000 | 16,65,000 | 16,65,000 | 35,15,000 |
| 9 Oct 2025 | 1.13 | 0.66 | 4.08 | 2.31 |
| 8 Oct 2025 | 0.75 | 0.47 | 3.09 | 1.73 |
| 7 Oct 2025 | 0.75 | 0.35 | 2.21 | 1.25 |
The market maker reservation portion of 1,85,000 shares is not included in the above calculations.
Mittal Sections IPO Allotment Status
Mittal Sections IPO allotment status will be available on Bigshare Services’ website. Click on this link to get the allotment status.
Mittal Sections IPO Dates & Listing Performance
| IPO Opening Date | 7 October 2025 |
| IPO Closing Date | 9 October 2025 |
| Finalization of Basis of Allotment | 10 October 2025 |
| Initiation of refunds | 13 October 2025 |
| Transfer of shares to demat accounts | 13 October 2025 |
| IPO Listing Date | 14 October 2025 |
| Opening Price on BSE SME | INR 114.40 per share (down 20%) |
| Closing Price on BSE SME | INR 108.70 per share (down 23.99%) |
Mittal Sections Offer Lead Manager
M/S. WEALTH MINE NETWORKS PRIVATE LIMITED
215 B, Manek Centre, P N Marg,
Jamnagar-361 001, Gujarat, India
Phone: +91 77788 67143
Email: [email protected]
Website: www.wealthminenetworks.com
Mittal Sections Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Pinnacle Business Park,
Mahakali Caves Road, next to Ahura Centre,
Andheri East, Mumbai- 400093, Maharashtra
Phone: +91 22 6263 8200
Email: [email protected]
Website: www.bigshareonline.com
Mittal Sections Contact Details
MITTAL SECTIONS LIMITED
01, Sona Roopa Apartment, Opp. Lal Bunglow
C.G. Road, Navrangpura, Ahmedabad, Gujarat, 380009
Phone: +91-7926405484
E-mail: [email protected]
Website: www.mittalsectionslimited.com
IPO FAQs
What is the size of the Mittal Sections offer?
Mittal Sections offer size is INR 50.32 – 52.91 crores.
What is the Mittal Sections offer price band?
Mittal Sections public offer price is INR 136 – 143 per share.
What is the lot size of the Mittal Sections IPO?
Mittal Sections offer lot size is 1,000 shares.
What is the Mittal Sections IPO GMP today?
Mittal Sections IPO GMP today is INR NA per share.
What is the Mittal Sections kostak rate today?
Mittal Sections kostak rate today is INR NA per application.
What is the Mittal Sections IPO Subject to Sauda rate today?
Mittal Sections Subject to Sauda rate today is INR NA per application.