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Mittal Sections IPO

Mittal Sections IPO

smelisted
Registrar: Bigshare Services Private Limited · Listing 2025-10-14
IPO Timeline
Today · 21 Oct 2026
Opens
07 Oct 2025
Closes
09 Oct 2025
Allotment
10 Oct 2025
Refund
13 Oct 2025
Demat
13 Oct 2025
Listing
14 Oct 2025
Price Band
₹136–143
GMP
₹0
0%
Lot Size
1000 Shares
Min ₹143,000
Subscription
0x
Issue Size
₹52 Cr
Open
2025-10-07
Close
2025-10-09
Listing
2025-10-14

About the company

Incorporated in 2006, Mittal Sections Ltd is a manufacturer of mild steel sections and structural steel products, including MS flat bars, MS round bars, MS angles, and channels. The company sells the entire product line under its brand name “MSL-MITTAL”. It operates two manufacturing plants located at in Ahmedabad, Gujarat, with an aggregate installed capacity of 36,000 MTPA, with plans to increase the capacity to 96,000 MTPA, which is expected to become operational by end of FY26. It offers ~55 SKUs of structural steel products with MS angles contributing 52.82% of revenue, followed by MS rect bars & square bars at 26.61% in FY25. State of Gujarat contributed 99.75% of FY25 revenue.

Strengths

    Risks

      Financial performance (₹ Cr)

      Subscription breakup (final, times)

      Retail0x
      QIB0x
      NII0x
      EMP0x
      OTHER0x
      Total0x

      IPO Roadmap / Timeline

      Current Status · as of 21 Oct 2026
      Listed
      Listed on 14 Oct 2025
      Listed 372 days ago
      1. IPO Opens

        Completed
        07 Oct 2025

        Bidding starts for all investor categories

      2. IPO Closes

        Completed
        09 Oct 2025

        Last day to place your bid

      3. Basis of Allotment

        Completed
        10 Oct 2025

        Share allotment finalised

      4. Refund Initiation

        Completed
        13 Oct 2025

        Refunds credited for non-allottees

      5. Credit to Demat

        Completed
        13 Oct 2025

        Allotted shares credited to demat account

      6. Listing on Exchange

        Completed
        14 Oct 2025

        Shares list on NSE / BSE

      Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.

      Lot size & minimum investment

      Lot Size
      1000 shares
      Price / Share (upper)
      ₹143
      Min Investment (1 lot)
      ₹143,000
      Price Band
      ₹136–143
      Retail / Individual
      1 lot only
      Min lots
      1
      Min shares
      1000
      Min amount
      ₹143,000
      Max amount
      ₹143,000
      HNI
      Min 2 lots
      Min lots
      2
      Min shares
      2000
      Min amount
      ₹286,000
      Max amount
      ₹286,000

      Shares reserved per category & allotment probability

      QIB
      100% allotment
      Reservation
      50%
      Amount
      ₹26 Cr
      Shares offered
      1,863,800
      Shares bid
      0
      Subscribed
      0.00x
      NII
      100% allotment
      Reservation
      15%
      Amount
      ₹7.8 Cr
      Shares offered
      559,140
      Shares bid
      0
      Subscribed
      0.00x
      Retail
      100% allotment
      Reservation
      35%
      Amount
      ₹18.2 Cr
      Shares offered
      1,304,660
      Shares bid
      0
      Subscribed
      0.00x

      Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).