Mittal Sections Limited is engaged in the manufacturing of basic iron and steel products, with a focus on mild steel and structural steel solutions. The company produces a diverse range of MS sections including flat bars, round bars, angles, and channels, catering to construction, automotive, engineering, and infrastructure sectors.
The company manufactures a wide range of Mild Steel (MS) sections including:
- MS Flat Bars
- MS Round Bars
- MS Angles
- MS Channels
All products are manufactured in compliance with BIS standards (IS 2062:2011), ensuring consistency, quality, and durability. Products are marketed under its registered brand “MSL-MITTAL”, which has become synonymous with reliability and strength in the steel industry.
Mittal Sections operates two manufacturing plants in Changodar, Ahmedabad, Gujarat, with a current installed capacity of 36,000 MTPA. The company is in the process of expanding capacity to 96,000 MTPA by FY2026, strengthening its ability to meet growing demand.
As of February 28, 2025, the company employed 63 permanent staff, supporting operations across production, quality control, and administration.
Mittal Sections IPO – Details
| IPO Opening Date | 07 October 2025 |
| IPO Closing Date | 09 October 2025 |
| Issue Type | Bookbuilding IPO |
| Issue Size | Total Issue: 37,00,000 Shares Worth ₹52.91 Crore Fresh Issue: 37,00,000 Shares Worth ₹52.91 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹136 – ₹143 per share |
| Market Lot | 1000 Shares |
| Min Order | 1000 Shares [ 1 Lot ] |
| Listing At | BSE SME |
| Registrar | Bigshare Services Pvt.Ltd. |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| Retail Shares Offered | 35% |
Mittal Sections IPO – Date Schedule
| IPO Open Date | 07 October 2025 |
| IPO Close Date | 09 October 2025 |
| Basis of Allotment | 10 October 2025 |
| Initiation of Refund | 13 October 2025 |
| Credit of Shares to Demat | 13 October 2025 |
| IPO Listing Date | 14 October 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 09, 2025 |
Mittal Sections IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 2,000 | ₹2,86,000 |
| Retail (Max) | 2 | 2,000 | ₹2,86,000 |
| S-HNI (Min) | 3 | 3,000 | ₹4,29,000 |
| S-HNI (Max) | 6 | 6,000 | ₹8,58,000 |
| B-HNI (Min) | 7 | 7,000 | ₹10,01,000 |
Competitive Strength
- Well-established manufacturing setup.
- Manufacturing plants are strategically located, leading to cost efficiencies and a stable supply chain.
- Strong Customer Base.
- In depth understanding of customers’ requirements.
- Wide range of our product SKUs.
- Experienced Promoters and management team.
Company Promoters
- Mr. Ajaykumar Balwantrai Mittal
- Mr. Atul Balwantrai Mittal
- Well Plan Tradelink Pvt. Ltd
Company Financials
| Period | Total Revenue | Total Expense | Profit After Tax | Total Borrowings |
|---|---|---|---|---|
| 31 March 2022 | ₹149.35 Cr | ₹148.56 Cr | ₹0.60 Cr | ₹13.54 Cr |
| 31 March 2023 | ₹167.53 Cr | ₹166.77 Cr | ₹0.56 Cr | ₹20.39 Cr |
| 31 March 2024 | ₹161.65 Cr | ₹159.05 Cr | ₹1.89 Cr | ₹15.00 Cr |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 28.13% |
| ROCE | 42.05% |
| Debt/Equity | 2.23 |
| RoNW | 28.13% |
| PAT Margin | 1.17% |
| Price to Book Value | 16.71 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2.41 | 4.17 |
| P/E (x) | 59.42 | 34.27 |
Object Of The Issue
| Objects of the Issue | Expected Amount (in Crore) |
|---|---|
| To Capital expenditure towards Acquisition of Land, Construction of Factory Building and Purchase of Plant & Machineries. | ₹20.89 |
| To meet Working Capital requirements. | ₹15.00 |
| Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company. | ₹5.00 |
| General Corporate Purposes. | – |
✅Strengths
- 15+ years of experience in steel manufacturing.
- Wide product range – angles, flats, rounds, channels.
- Products under “MSL-MITTAL” brand, BIS-certified.
- Two plants (36,000 MTPA) with expansion to 96,000 MTPA.
- Strong recognition in construction & infra markets.
⚠️Risks
- teel industry is cyclical and price-sensitive.
- Plants concentrated in Gujarat.
- Revenue dependence on limited buyers.
- High working capital needs.
- Intense competition from organized & unorganized players.
Mittal Sections IPO Promoter Holding
| Pre Issue Share Holding | 99.92% |
| Post Issue Share Holding | – |
Mittal Sections IPO Prospectus
- Mittal Sections IPO DRHP
- Mittal Sections IPO RHP
Company Contact Information
| Mittal Sections Ltd. 01, Sona Roopa Apartment, Opp. Lal Bunglow, C.G. Road, Navrangpura Ahmedabad, Gujarat, 380009 Phone: +91-79-26465484 Email: info@mittalsections.com Website: http://www.mittalsectionslimited.com/ |
Mittal Sections IPO Registrar
| Bigshare Services Pvt.Ltd. Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/IPO_Status.html |
Mittal Sections IPO Lead Manager(s)
| 1. Wealth Mine Networks Pvt.Ltd. |
Mittal Sections IPO FAQ
| What is Mittal Sections IPO? Mittal Sections IPO is an SME IPO. The issue is priced at ₹136 – ₹143 per equity share. The IPO is to be listed on BSE SME. |
| When Mittal Sections IPO will open? The IPO is to open on 07 October 2025 for QIB, NII, and Retail Investors. |
| What is Mittal Sections IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| What is the Mittal Sections IPO Size? Mittal Sections IPO size is ₹52.91 Crore. |
| What is Mittal Sections IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 2,000 Shares with ₹2,86,000 amount, while the maximum bid is 2,000 Shares with ₹2,86,000. |
| What is the Mittal Sections IPO Allotment Date? Mittal Sections IPO allotment date is 10 October 2025. |
| What is the Mittal Sections IPO Listing Date? Mittal Sections IPO listing date is 14 October 2025. The IPO is to be listed on the BSE SME. |
