Mittal Sections IPO Listing at 20% Discount at ₹114 Per Share

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Posted by : sachet | Tue Oct 14 2025

Mittal Sections IPO Listing at 20% Discount at ₹114 Per Share

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Mittal Sections IPO Listing: The Mittal Sections IPO was subscribed 2.25 times at the close. In this subscription, qualified institutional buyers (QIBs) received 1.13 times the allocation, and non-institutional investors (NIIs) received 0.55 times the allocation. The retail quota of the issue was subscribed to 45.00%. Before delving deeper into the topic, go through the details of the Mittal Sections IPO.

Table of Contents

Mittal Sections IPO Listing

On the BSE and NSE platforms, shares are listed at ₹114.40 per share, representing a 20% discount over the issue price of ₹143 per share.

Mittal Sections IPO Details

It is a book-building IPO of ₹52.91 crores, comprising an entirely fresh issue of ₹0.37 crores. The problem will be listed on BSE and SME on its tentative listing date, 13th October 2025.

The Mittal Sections IPO is scheduled for 7th October 2025 to 9th October 2025. The face value of Mittal Sections’ IPO shares is ₹10 per share, and the IPO price is set between ₹136 and ₹143 per share.

IPO Open Date	7th October 2025
IPO Close Date	9th October 2025
IPO Allotment Date	10th October 2025
Refund Initiation	13th October 2025
Issue Size	37,00,000 shares(aggregating up to ₹52.91 Cr)
Face Value	₹10 per share
Lot Size	1,000 shares
Issue Price Final	₹136 and ₹143 per share
Issue Type	Bookbuilding IPO
Listing At	BSE & SME
Listing Date	14th October 2025

About Mittal Sections Limited

Mittal Sections Limited, established in 2009, is engaged in the manufacturing of basic iron and steel products. The company is a manufacturer of mild steel sections and structural steel products, including MS flat bars, round bars, angles, and channels, offering a wide range of high-quality Sections. The company markets its products under the brand name “MSL-MITTAL,” renowned for its quality, durability, and adherence to industry standards, ensuring reliable steel products that meet stringent specifications for client projects. The company operates two manufacturing plants in Changodar, Ahmedabad, Gujarat, with an installed capacity of 36,000 MTPA. Expansion plans aim to increase capacity to 96,000 MTPA.

Mittal Sections Limited Financials

The company’s financial analysis is essential before applying for the Mittal Sections IPO. Refer to the table to learn about Mittal Sections Limited’s financial information.

Year Ended	31st March 2024 (in cr.)	31st March 2023 (in cr.)	31st March 2022 (in cr.)
Assets	29.04	33.37	32.30
Revenue	161.65	167.53	149.35
Profit After Tax	1.89	0.56	0.60
Net Worth	6.73	4.84	4.28
EBITDA	–	–	–
Reserve and Surplus	4.11	2.21	1.66
Total Borrowing	15.00	20.39	13.54

Explanation

Mittal Sections Limited’s revenue decreased by 3.50% from ₹167.53 crore in March 2023 to ₹161.65 crore in March 2024. Moreover, the company’s PAT rose by 237.50% from ₹0.56 crores to ₹1.89 crores.

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