mittal sections limited IPO
IPO Overview
Mittal sections limited IPO is a SME public issue offered through a Book Building issue with a total issue size of ₹52.91 Cr. The IPO price band is set at ₹136 to ₹143 per share, and retail investors can apply with a minimum investment of ₹2.86 L as per IPO guidelines.
The Mittal sections limited IPO opens on 7 Oct 2025 and closes on 9 Oct 2025. The IPO allotment is expected to be finalized on 10 Oct 2025, and the equity shares are proposed to be listed on BSE on 14 Oct 2025.
Investors can refer to the Mittal sections limited IPO RHP-DRHP for detailed information. The issue is managed by Wealth Mine Networks Pvt.Ltd. as the book running lead manager, while Bigshare Services Pvt Ltd is the registrar to the IPO. Before investing, market participants often review IPO details, valuation, PE ratio, financials, and risk factors.
About Company
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 solutions.
The company markets its products under the brand name “MSL-MITTAL,” known for quality, durability, and industry standards, ensuring reliable steel products that meet strict 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.
Products:
MS Angle: L-shaped mild steel components for strong, stable, and corrosion-resistant load-bearing applications.
MS Flats: Rectangular steel for construction, automotive, and engineering, offering durability and easy fabrication.
MS Round Bar: Cylindrical steel known for ductility, strength, and easy fabrication in construction and manufacturing.
MS Channel: C-shaped steel providing excellent load distribution, structural stability, and easy weldability for heavy use.
As of February 28, 2025, the company has 63 permanent employees.
Competitve Strengths:
Well-established manufacturing setup
Manufacturing plants are strategically located, leading to cost efficiencies and a stable supply chain
Strong Customer Base
In depth understanding of customers’ requirements
Wide range of our product SKUs
Experienced Promoters and management team
Investment Objective
To meet Working Capital requirements
Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company
General Corporate Purposes