Mittal Sections IPO

About Mittal Sections IPO

Mittal Sections Limited IPO is a book-built issue with a total size of ₹52.91 crore. The issue comprises a fresh issue of 0.37 crore equity shares, aggregating to ₹52.91 crore. This IPO will open for subscription on October 7, 2025, and close on October 9, 2025. 

The basis of allotment is expected to be finalised on October 10, 2025. Following this, the shares are proposed to be listed on BSE SME, with a tentative listing date of October 14, 2025.

The price band for the IPO has been fixed between ₹136 and ₹143 per share. Investors can bid within this band during the subscription period. The minimum lot size is set at 1,000 shares. For retail investors, the minimum investment required is ₹2,86,000 for two lots, calculated at the upper price band. 

For high-net-worth individuals (HNI), the minimum application size is three lots, amounting to ₹4,29,000. Wealth Mine Networks Pvt. Ltd. is the book running lead manager for the issue, while Bigshare Services Pvt. Ltd. has been appointed as the registrar.

Mittal Sections IPO Objectives 

The company plans to allocate the net proceeds from the issuance to the following purposes:

1. The IPO proceeds will be used for land, factory building, and machinery purchase.
2. Part of the proceeds will be used to meet working capital needs.
3. The IPO proceeds will be used for repayment or prepayment of secured borrowings.
4. Remaining funds are intended for general corporate purposes, which will be specified in the final offer document.

About Mittal Sections Limited 

Mittal Sections Limited traces its origins back to November 2006, when it was established as a partnership firm under the name “Mittal Steel Industries.” After a series of changes, including a shift to the name “Mittal Sections” in 2008, the firm was converted into a joint stock company in April 2009 under the Companies Act, 1956. Today, it stands as a recognised manufacturer of mild steel sections and structural steel products.

The company offers a wide product range that includes Mild Steel Flat Bars, Round Bars, Angles, and Channels. Manufactured in compliance with BIS standards such as IS 2062:2011, these products are known for quality, durability, and performance. The company’s registered brand, “MSL-MITTAL,” represents consistent adherence to high industry standards.

Mittal Sections operates through two modern manufacturing plants located at Changodar, Ahmedabad, Gujarat. Together, these facilities have an aggregate installed capacity of 36,000 metric tonnes per annum, with plans to expand capacity to 96,000 MTPA. Its products serve multiple sectors, including construction, infrastructure, automotive, manufacturing, and general engineering.

The company distributes its products through an extensive network of brokers and dealers, ensuring strong market reach across varied projects, from large-scale infrastructure to smaller construction needs. Certified under ISO 9001:2015, both plants maintain international quality benchmarks in production and customer satisfaction.

Supported by experienced promoters, directors, and a workforce of 63 permanent employees along with skilled contract workers, Mittal Sections Limited continues to strengthen its position as a trusted steel manufacturer in India.

Industry Outlook

1. After two years of weakness, global steel demand is stabilising, with growth expected in 2024 and 2025. India is leading the way with steel demand projected to grow at 8% annually, and consumption is expected to be around 70 million tonnes higher than in 2020.
2. India produced 143.6 million tonnes of crude steel and 138.5 million tonnes of finished steel in FY24, with domestic steel demand estimated to rise 9–10% in FY25. By 2030–31, crude steel production in India is expected to exceed 255 million tonnes, with per-capita steel consumption likely to grow to 160 kg.
3. The Indian steel industry continues to expand rapidly, supported by infrastructure investments and industrial growth. According to Deloitte, steel demand is expected to rise 5–7.3% annually over the next decade.

How To Apply for the Mittal Sections IPO Online?

1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
3. Select IPO: Find and select the Mittal Sections IPO from the list of open IPOs.
4. Enter the Lot Size: Specify the number of lots you want to bid for.
5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

How To Check the Allotment Status of Mittal Sections IPO?

Steps to check IPO allotment status on Angel One’s app:

1. Log in to the Angel One app.
2. Go to the IPO Section and then to IPO Orders.
3. Select the individual IPO that you had applied for and check the allotment status.
4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Mittal Sections Limited 

Registered office: 01, Sona Roopa Apartment, Opp. Lal Bunglow, C.G. Road, Navrangpura, Ahmedabad, Gujarat, India, 380009,

Phone: : +91--79-26465484

E-mail:info@mittalsections.com

Mittal Sections IPO Reservation

Mittal Sections IPO Lot Size

Mittal Sections IPO Promoter Holding

The promoters of the company are Mr. Ajaykumar Balwantrai Mittal, Mr. Atul Balwantrai Mittal, and Well Plan Tradelink Pvt. Ltd.

Mittal Sections Key Performance Indicators (KPIs)

Mittal Sections IPO Prospectus

• Mittal Sections IPO DRHP

Mittal Sections IPO Registrar and Lead Managers

Mittal Sections IPO Lead Managers

• Wealth Mine Networks Private Limited

Registrar for Mittal Sections IPO

Bigshare Services Private Limited

• Contact Number: +91-22-6263 8200
• Email Address: ipo@bigshareonline.com
• Mittal Sections IPO Registrar: https://ipo.bigshareonline.com/IPO_Status.html