Mittal Sections Limited IPO
Mittal Sections Limited IPO
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The public market debut of Mittal Sections Limited's was completed on 14-10-2025 with its listing on the BSE exchange. The IPO process raised 37,00,000 Shares in total capital, consisting of 37,00,000 Shares in new equity.
The offering featured a price range of ₹136 to ₹143 and minimum application size of 1000 shares. Investor response during the subscription period from 07-10-2025 to 09-10-2025 influenced the final allotment ratios across investor categories.
Final allotment was announced on 10-10-2025, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Mittal Sections IPO About Company
Mittal Sections Limited, incorporated in 2009, is a manufacturer of mild steel sections and structural steel products such as flat bars, round bars, angles, and channels, marketed under the brand name “MSL-MITTAL.” Known for quality and durability, its products meet strict industry standards and are widely used across construction, automotive, and engineering applications. The company operates two plants in Changodar, Ahmedabad, Gujarat, with an installed capacity of 36,000 MTPA and plans to expand to 96,000 MTPA. As of February 28, 2025, it employs 63 permanent staff, supporting its mission to deliver reliable and high-quality steel solutions
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Mittal Sections IPO Strength Factors
- Well-Established Manufacturing Plants: Two facilities in Changodar, Ahmedabad provide cost efficiency and reliable supply chain.
- Wide Steel Product Range: Offers structural steel products like angles, flats, rounds, and channels under the trusted brand “MSL-MITTAL.”
- Loyal Customer Base: Strong demand built on quality, durability, and compliance with industry standards.
Mittal Sections IPO Risk Factors
- Ongoing Legal Issues: Pending cases involving the company, promoters, and directors may affect operations and management focus.
- Regional Concentration Risk: Heavy dependence on Gujarat operations makes revenues vulnerable to regional disruptions.
- Supplier Reliance: Dependence on a few key suppliers for raw materials creates risks of supply disruption, price changes, or quality concerns.
Mittal Sections IPO Lead Manager(s)
- Wealth Mine Networks Private Limited
Mittal Sections IPO Promoter(s)
- Mr. Ajaykumar Balwantrai Mittal
- Mr. Atul Balwantrai Mittal
Mittal Sections IPO FAQs
Mittal Sections Limited IPO subscribed 2.31 times. The public issue subscribed 4.08 times in the retail category,1.13times in QIB, and 0.58 times in the HNI (10+) category byNovember 21, 2025 8:57:30 AM (Day 21).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Mittal Sections IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Mittal Sections IPO FAQs
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The basis of allotment for Mittal Sections Limited IPO is available now.
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A category of eligible shareholders or other investors who have a reserved quota in the IPO.
If you have any concerns or queries about the allotment status, contact Kfin Technologies Limited either by phone or email. Investors can call on or send an email with all relevant details to .
