The Mittal Sections IPO minimum market lot is 2,000 shares with ₹2,86,000 application amount. The Mittal Sections IPO is a SME IPO, and it is to be listed on BSE SME.
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.
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
Mittal Sections IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.75 | 0.75 | 1.13 |
| NII | 0.35 | 0.36 | 0.55 |
| RII | 2.21 | 3.09 | 4.08 |
| Total | 1.25 | 1.68 | 2.25 |
Mittal Sections IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Mittal Sections IPO Review
- May Apply for long term
Mittal Sections IPO Form
How to apply for the Mittal Sections IPO? You can apply for Mittal Sections IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Mittal Sections IPO in the Invest section. The other option is you can apply for Mittal Sections IPO via IPO forms downloaded online. Check out the mittal-sections forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
