Mittal Sections IPO Details
| IPO Open Date | October 7, 2025 |
| IPO Close Date | October 9, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹134 to ₹143 Per Share |
| Issue Size | Approx ₹52.91 Crores |
| Fresh Issue | Approx ₹52.91 Crores |
| Issue Type | Book Built Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Mittal Sections IPO Review & Key Points
- Review:
Mittal Sections IPO Market Lot
The Mittal Sections IPO minimum market lot is 2,000 shares with ₹2,86,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,000 | ₹2,86,000 |
| Retail Maximum | 2 | 2,000 | ₹2,86,000 |
| S-HNI Minimum | 3 | 3,000 | ₹4,29,000 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | 1,85,000 Shares | 5% |
| NII Shares Offered | 16,65,000 Shares | 45% |
| Retail Shares Offered | 16,65,000 Shares | 45% |
Mittal Sections IPO Dates
The Mittal Sections IPO date is October 7 and the close date is October 9. The Mittal Sections IPO allotment will be finalized on October 10 and the IPO listing on October 14.
| IPO Open Date: | October 7, 2025 |
| IPO Close Date: | October 9, 2025 |
| Basis of Allotment: | October 10, 2025 |
| Refunds: | October 13, 2025 |
| Credit to Demat Account: | October 13, 2025 |
| IPO Listing Date: | October 14, 2025 |
| IPO Bidding Cut-off Time: | October 9, 2025 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Abhiraj Singh Bhal, Raghav Chandra and Varun Khaitan.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 78,67,500 | 99.92% |
| Promoter Holding Post Issue | 1,15,67,500 | 67.95% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| 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 Purpose | – |
About Mittal Sections IPO
Mittal Sections Limited is one of the leading companies in terms of manufacturing basic iron and steel products. Moreover, the company has company manufactures mild steel items like flat bars, round bars, angles, and channels.
These products are strong, high-quality, and used in many construction and industrial projects. Further, the company has two factories in Changodar, Ahmedabad, Gujarat, with a production capacity of 36,000 MTPA. It plans to expand and increase this capacity to 96,000 MTPA.
The company has good strengths, a well-developed manufacturing setup, good consumers, and a well-understanding team. The promoters and the management team have good experience.
Mittal Sections IPO Company Financial Report
Amount ₹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹167.53 | ₹166.77 | ₹0.56 | ₹33.37 |
| 2024 | ₹161.65 | ₹159.05 | ₹1.89 | ₹29.04 |
| 2025 | ₹137.07 | ₹131.92 | ₹3.61 | ₹45.42 |
| May 2025 | ₹28.17 | ₹26.12 | ₹1.47 | ₹50.48 |
Mittal Sections IPO Valuation – FY2025
Check Mittal Sections IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 34.92% |
| ROCE: | 31.27% |
| EBITDA Margin: | 5.69% |
| PAT Margin: | 2.64% |
| Debt to equity ratio: | 2.04 |
| Earning Per Share (EPS): | ₹4.59 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 34.92% |
| Net Asset Value (NAV): | ₹13.15 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Rhetan TMT Limited | 0.06 | 328.00 | 5.27% | 1.18 | 38.74 Cr. |
| Riddhi Steel and Tube Limited | 9.15 | 9.28 | 10.53% | 7.91 | 393.94 Cr. |
| Surani Steel Tubes Limited | 0.38 | 123.00 | 0.46% | 78.36 | 227.39 Cr. |
IPO Lead Managers aka Merchant Bankers
- Wealth Mine Networks Pvt.Ltd.
Company Address
Mittal Sections Ltd.
01, Sona Roopa Apartment,
Opp. Lal Bunglow, C.G. Road,
Navrangpura
Ahmedabad, Gujarat, 380009
Phone: +91-79-26465484
Email: [email protected]
Website: http://www.mittalsectionslimited.com/
IPO Registrar
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/IPO_Status.html
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Note: The Mittal Sections IPO price band and date are officially announced. The (Mittal Sections IPO grey market premium) will be added to the IPO GMP page as it will start).
