On the last day, the Mittal Sections IPO was subscribed 2.25 times overall, the retail quota 4.08 times, the QIB quota 1.13 times, and the NII quota 0.55 times, respectively.
Details About Mittal Sections IPO
Mittal Sections got approval from SEBI for an IPO of ₹52.91 crores. This IPO consists of a fresh issue of ₹52.91 crores with a face value of ₹10 each. Moreover, the company has set up a price band between ₹136 to ₹143 per share.
In this IPO, a total of 2,000 shares were available in 2 lot sizes for the minimum Retail category and for the maximum retail category. S-HNI (Min) has a total of 3,000 shares available in a 3-lot size.
To invest in this IPO, each investor category has specific investment amounts:
- Retail Investors: Minimum investment of ₹2,86,000 and maximum investment.
- S-HNI (Min): Minimum investment of ₹4,29,000.
Subscription Duration of the Mittal Sections IPO
Mittal Sections IPO opening date was October 7, 2025, and the closing date was October 9, 2025.
The allotment of Mittal Sections was finalized on October 10, 2025, while the IPO listing is on October 14, 2025.
About Mittal Sections IPO
Mittal Sections Limited, founded in 2009, is one of the growing companies involved in the manufacturing of basic iron and steel products. The company is engaged in the manufacturing of mild steel sections and structural steel products, including MS 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 includes 63 permanent employees as of February 28, 2025.
Mittal Sections IPO Company Financial Report
The company reported revenue of ₹137.07 crores in 2025 against ₹161.65 crores in 2024. The company reported a profit of ₹3.61 crores in 2025 against a profit of ₹1.89 crores in 2024.
