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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹52.91 Cr |
| Reserved for Market Maker | ₹2.65 Cr |
| Net Issue Size | ₹52.91 Cr |
| Fresh Issue | ₹50.26 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹136.00-143.00 per share |
| BSE Code | 544575 |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers | Wealth Mine Networks Ltd. |
| Allotment Status | |
| DRHP |
| RHP |
| Final Prospectus |
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Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares · Multiples of 1,000 shares
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:
As of February 28, 2025, the company has 63 permanent employees.
Competitve Strengths:
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To Capital expenditure towards Acquisition of Land, Construction of Factory Building and Purchase of Plant & Machineries | 20.82 |
| 2 | To meet working capital requirements | 15.00 |
| 3 | Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company | 5.00 |
| 4 | General Corporate Purposes | 2.06 |
| 5 | Issue Expenses | 10.03 |
| Total | 52.91 |
| Period Ended | 31 May 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 50.48 | 45.42 | 29.04 | 33.37 |
| Total Income | 28.17 | 137.07 | 161.65 | 167.53 |
| Profit After Tax | 1.47 | 3.61 | 1.89 | 0.56 |
| EBITDA | 2.48 | 7.79 | 5.53 | 3.27 |
| NET Worth | 11.81 | 10.34 | 6.73 | 4.84 |
| Reserves and Surplus | 3.94 | 2.47 | 4.11 | 2.21 |
| Total Borrowing | 20.70 | 21.09 | 15.00 | 20.39 |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 34.92% |
| ROCE | 31.27% |
| Debt / Equity | 2.04% |
| RoNW | 34.92% |
| PAT Margin | 2.64% |
| EBITDA Margin | 5.69% |
| Price to Book Value | 10.87 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 4.59 | 7.61 |
| P/E (x) | 31.15 | 18.79 |
| Promoter Holding | 99.92% | 67.95% |
| Market Cap | ₹165.42 Cr. | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees to BRLM including Underwriting fees | 2.18 |
| 2 | Fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.30 |
| 3 | Brokerage and selling commission | 0.12 |
| 4 | Printing & Stationery, Distribution, Postage, etc. | 0.12 |
| 5 | Advertisement and Marketing Expenses | 7.08 |
| 6 | Stock Exchange Fees, Regulatory and other Expenses | 0.24 |
Last Updated on 06-May-2026 10:40:02
