The Mittal Sections Ltd IPO is all set to open for subscription on October 7, 2025, offering investors a new opportunity in India’s growing steel and infrastructure segment. The issue will close on October 9, 2025, and is expected to list on the BSE SME platform on October 14, 2025.
This IPO aims to raise around ₹52.92 crore through a book-built issue of 37 lakh equity shares, priced between ₹136 to ₹143 per share. The minimum lot size for investors is 1,000 shares, amounting to a minimum investment of approximately ₹1.43 lakh at the upper band.
💰 IPO Summary Table
| Particulars | Details |
|---|---|
| Company Name | Mittal Sections Ltd |
| Exchange | BSE SME |
| IPO Type | Book-Built Issue |
| Face Value | ₹10 per share |
| Price Band | ₹136 – ₹143 per share |
| Issue Size | ₹52.92 crore |
| Total Shares Offered | 37,00,000 shares |
| Lot Size | 1,000 shares |
| Minimum Investment | ₹1,43,000 |
| Opening Date | October 7, 2025 |
| Closing Date | October 9, 2025 |
| Allotment Date | October 10, 2025 |
| Refunds / Credit to Demat | October 13, 2025 |
| Listing Date | October 14, 2025 |
🧾 About Mittal Sections Ltd
Mittal Sections Ltd is engaged in the manufacturing of mild steel (MS) sections and structural products, including flat bars, angles, round bars, and channels. The company serves the growing demand from India’s infrastructure and construction sectors, supplying to builders, fabricators, and industrial users.
The company focuses on quality control and operational efficiency, with its products catering to the structural steel, fabrication, and machinery industries. With plans to expand capacity and improve technology, the IPO proceeds will help strengthen its growth trajectory.
📊 Financial Performance Snapshot (FY 2024)
| Metric | FY 2023-24 |
|---|---|
| Revenue | ₹161.65 million |
| Profit After Tax (PAT) | ₹1.89 million |
| Net Worth | ₹57.3 million |
| Debt-Equity Ratio | Moderate |
| Return on Net Worth (RoNW) | 3.3% (approx.) |
The financials show steady revenue growth but modest profit margins, typical for a small-cap manufacturer in the steel sector. The company’s profitability is expected to improve post-IPO with capacity expansion and debt reduction.
🎯 Objectives of the IPO
The company plans to utilize the net proceeds from the IPO for the following purposes:
- ✅ Capital Expenditure: Land purchase, factory building, and installation of new plant & machinery.
- ✅ Working Capital Requirements: To meet day-to-day operational needs.
- ✅ Debt Repayment: Reduction of secured borrowings.
- ✅ General Corporate Purposes: To strengthen financial flexibility and long-term growth.
⚙️ Industry Outlook
India’s steel and infrastructure sectors are on a growth trajectory, driven by government initiatives like “Make in India” and increased infrastructure spending. Demand for mild steel and structural components is expected to rise significantly, benefitting regional manufacturers like Mittal Sections Ltd.
However, the sector remains highly competitive and sensitive to raw material prices and global commodity cycles.
⚠️ Risk Factors to Consider
- 🔹 Commodity Price Fluctuations: Steel and raw material prices can impact profit margins.
- 🔹 Limited Scale: As a small-cap SME, its financial stability depends on consistent order flow.
- 🔹 Working Capital Pressure: Expansion and machinery installation require high upfront investment.
- 🔹 SME Listing Liquidity: BSE SME stocks often have lower trading volumes and liquidity.
- 🔹 Cyclical Industry Exposure: Linked closely to construction and infrastructure demand cycles.
📈 Grey Market Premium (GMP) – Mittal Sections IPO
As of early October 2025, the Mittal Sections Ltd IPO GMP is reported to be around ₹5–₹8, indicating mild retail interest. The premium may fluctuate as the issue progresses based on subscription data and market sentiment.
💡 Investor Outlook
The Mittal Sections IPO presents a moderate-risk, medium-growth opportunity for investors seeking exposure to India’s steel and infrastructure value chain. Given its small financial base and SME categorization, conservative investors should evaluate subscription data before investing.
For long-term investors, focus on the company’s post-IPO capacity expansion and margin improvement in the coming quarters.
🔍 Key Takeaways
- 📅 IPO opens: 7 October 2025
- 💸 Price Band: ₹136 – ₹143
- 📊 Issue Size: ₹52.92 crore
- 📈 Listing: BSE SME
- 📊 GMP: ₹5–₹8 (approx.)
- ⚠ Sector: Steel Manufacturing & Structural Products
- 💡 Outlook: Cautiously Optimistic
Subscription
| Investor | 07 Oct 2025 | 08 Oct 2025 | 09 Oct 2025 |
|---|---|---|---|
| Anchor | |||
| QIB | |||
| Non-Institutional | |||
| BNII | |||
| SNII | |||
| Retail | |||
| Total |
GMP Trend:
| Date | GMP |
|---|---|
| 07 Oct 2025 | ₹0.00(0.00%) |
| 08 Oct 2025 | ₹0.00(0.00%) |
| 09 Oct 2025 | ₹0.00(0.00%) |
It should be noted that IPO GMP is subject to extreme volatility, so an investment decision based solely on Patel Retail IPO GMP will prove risky. Therefore, before to investing, consider all factors and make the right investment decision whether to invest in Patel Retail IPO or not.
How to Check IPO Allotment Status:
Bigshare Services
To check IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
NSE Website
To check IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
BSE Webiste
To check IPO allotment status, follow the steps below:
- Click on the below allotment status check button.
- Select Company Name.
- Enter your PAN Number, Application Number or DP Client ID (Anyone).
- Click on Search.
📌 Stock Market Disclaimer
- Disclaimer: This post is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy/sell any stock or share. Investing in the stock market involves risk. Past performance is not indicative of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.
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- Past performance of stocks or indices is not indicative of future returns.
- Always conduct your own research or consult a SEBI-registered financial advisor before making investment decisions.
- ⚠️ IPO (Initial Public Offerings)
- IPO details, issue size, subscription data, and allotment status shared here are based on publicly available information from company filings, stock exchanges, and merchant bankers.
- Investing in IPOs carries risks including listing volatility, business uncertainties, and sector performance dependency.
- Neither acceptance of applications nor allotment guarantees profits. Investors should evaluate their risk appetite before subscribing.
- ⚠️ GMP (Grey Market Premium)
- Grey Market Premium (GMP) is an unofficial and unregulated indicator of expected IPO listing price.
- GMP data is collected from market observers and informal trading circles; it does not have any legal or SEBI recognition.
- GMP values are highly speculative and may differ significantly from actual listing prices. Investors should not rely solely on GMP while taking investment decisions.
- ✅ General Advisory
- We do not provide any buy/sell/hold recommendations.
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