Mittal Sections IPO comprises a fresh issue of 0.37 crore shares, raising ₹52.91 crore. The issue opened on October 7, 2025, and closed on October 9, 2025, with allotment expected on October 10, 2025, and a tentative listing on BSE SME on October 14, 2025. The price band is ₹136–₹143 per share.
Retail investors could apply for a minimum of 1,000 shares (₹2,86,000 at the upper band), while HNIs had to subscribe to at least 3 lots (3,000 shares, ₹4,29,000). Wealth Mine Networks Private Limited is the book running lead manager, Bigshare Services Private Limited is the registrar, and Sunflower Broking Private Limited acts as market maker.
By October 9, 2025, the IPO was subscribed 2.25 times overall, with 4.07x in retail, 1.13x in QIBs, and 0.55x in NIIs. (Time: 4:34:51 PM IST)
Mittal Sections IPO comprises a fresh issue of 0.37 crore shares, raising ₹52.91 crore, with a price band of ₹136–₹143 per share. The issue opened on October 7, 2025, and closed on October 9, 2025, with allotment expected on October 10 and tentative listing on BSE SME on October 14.
The IPO includes 1.85 lakh shares for QIBs (subscribed 1.13x), 16.65 lakh shares for NIIs (subscribed 0.55x), and 16.65 lakh shares for retail investors (subscribed 4.08x). Total shares offered were 35.15 lakh, while bids received amounted to 79.26 lakh, taking overall subscription to 2.25 times.
The table below breaks down the Mittal Sections share allocation for different categories, highlighting the number of shares and their percentage of the total issue. However, the key focus remains on the quotas allocated to retail investors and HNIs, as they are the most relevant for individual investors.
| Investor Category | Shares Offered |
| Market Maker Shares | 1,85,000 (5.00%) |
| QIB Shares | 1,85,000 (5.00%) |
| NII (HNI) Shares | 16,65,000 (45.00%) |
| Retail Shares | 16,65,000 (45.00%) |
| Total Shares | 37,00,000 (100.00%) |
Data Source: BSE
| Category | Subscription (times) |
| Qualified Institutional Buyers | 1.13 |
| Non-Institutional Investors | 0.55 |
| Retail Individual Investors | 4.08 |
| Total shares | 2.25 |
Note: The subscription details is as of October 9, 2025, at 4:34 PM
Mittal Sections Ltd., incorporated in 2009, specialises in manufacturing basic iron and steel products, including MS flat bars, round bars, angles, and channels under the brand “MSL-MITTAL.”
The company’s products are designed to meet strict industry standards for construction, automotive, and engineering applications. Mittal Sections operates two manufacturing plants in Changodar, Ahmedabad, Gujarat, with an installed capacity of 36,000 MTPA, and has plans to expand this capacity to 96,000 MTPA.
Its product range includes MS Angles, MS Flats, MS Round Bars, and MS Channels, all aimed at providing durability, structural stability, and easy fabrication for various industrial uses. As of February 28, 2025, the company employed 63 permanent staff.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Oct 9, 2025, 5:38 PM IST
Suraj Uday Singh
Suraj Uday Singh is a skilled financial content writer with 3+ years of experience. At Angel One, he excels in simplifying financial concepts. Previously, he cultivated his expertise at a leading mortgage lending firm and a prominent e-commerce platform, mastering consumer-focused and engaging content strategies.
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