Mittal Sections IPO
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Schedule of Mittal Sections
| Issue open date | 07 Oct 2025 |
| Issue close date | 09 Oct 2025 |
| UPI mandate deadline | 09 Oct 2025 (5 PM) |
| Allotment finalization | 10 Oct 2025 |
| Refund initiation | 13 Oct 2025 |
| Share credit | 13 Oct 2025 |
| Listing date | 14 Oct 2025 |
| Mandate end date | 24 Oct 2025 |
| Lock-in end date for anchor investors (50%) | 10 Nov 2025 |
| Lock-in end date for anchor investors (remaining) | 08 Jan 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Mittal Sections
Mittal Sections Limited, established in 2009 and based in Ahmedabad, is a leading manufacturer of mild steel sections and structural steel products such as flat bars, round bars, angles, and channels under the brand “MSL-MITTAL.” With two ISO 9001:2015 certified plants and current capacity of 36,000 MTPA (expanding to 96,000 MTPA), the company caters to construction, infrastructure, automotive, and engineering sectors through a strong dealer network. Backed by experienced promoters and a skilled workforce, Mittal Sections focuses on quality, efficiency, and innovation to maintain its leadership in the steel industry.
Financials of Mittal Sections
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹52.91 crores |
| Fresh issue | ₹52.91 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure towards the Acquisition of land, the construction of a Factory Building and the Purchase of plant & machinery | 20.89 (39.5%) |
| Working capital requirements | 15.00 (28.4%) |
| Repayment and/or prepayment of certain outstanding secured borrowings | 5 (9.5%) |
| General corporate purposes | 12.02 (22.6%) |
Strengths
- Established manufacturer of mild steel sections and structural steel products under the brand “MSL-Mittal.”
- Wide product portfolio (55+ SKUs) catering to construction, automotive, and engineering sectors.
- Expanding capacity from 36,000 MTPA to 96,000 MTPA by FY26 to meet growing demand.
- Experienced promoters with 15+ years in steel manufacturing and strong supplier relationships.
- Consistent improvement in financials with rising margins, ROE above 25%, and lower debt-equity ratio.
Risks
- High dependence on few suppliers and limited geographical presence increases operational risk.
- Working capital–intensive business with exposure to steel price fluctuations.
- Related party transactions and promoter involvement in associate entities may pose conflict risks.
- Single-sector focus on mild steel products exposes it to industry cyclicality.
- Environmental and regulatory compliance requirements could affect operations and costs.
Allotment Status for Mittal Sections
To check your allotment status – click here.