IPO - Initial Public Offerings

 MITTALSTL

  

MITTAL SECTIONS LTD. IPO

07 Oct, 10:00 AM

Issue Open

09 Oct, 05:00 PM

Issue Close

1000

Lot Size

₹ 136.00 – ₹ 143.00

Price Range

IPO Issue Details

Issue size 52.91 Cr
Market Price 143.00
Registrar Bigshare Services Pvt.Ltd
Face Value RS.10 /- Per share
Listing at BSE

About

MITTAL SECTIONS LTD. IPO
Incorporated in 2009, Mittal Sections Limited 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 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.

IPO Lot Size

Category Lots Shares Amount
Retail (Min) 2 2000 ₹ 2,86,000.00
Retail (Max) 2 2000 ₹ 2,86,000.00
S-HNI (Min) 3 3000 ₹ 4,29,000.00
S-HNI (Max) 8 8000 ₹ 11,44,000.00
B-HNI (Min) 9 9000 ₹ 12,87,000.00

IPO TimeLine

Open Date 07-Oct-2025
Close Date 09-Oct-2025
Basis of Allotment Date 10-Oct-2025
Initiation of Refunds 13-Oct-2025
Credit Shares to Demat A/c 13-Oct-2025
IPO Listing Date 14-Oct-2025