What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Mittal Sections Limited IPO?

Based on the upper price band of ₹143 and current GMP of ₹0, the estimated listing price is ₹143 (approx. 0.0% gain).

What is the expected profit per lot for Mittal Sections Limited IPO?

With a lot size of 1000 shares and current GMP of ₹0, expected profit per retail application lot is approximately ₹0.

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Grey Market Intelligence

Mittal Sections Limited

ListedSME

Materials · BSE

Mittal Sections Limited, incorporated in 2009, is a manufacturer of mild steel sections and structural steel products such as flat bars, round bars, angles, and channels, marketed under the brand name “MSL-MITTAL.” Known for quality and durability, its products meet strict industry standards and are widely used across construction, automotive, and engineering applications. The company operates two plants in Changodar, Ahmedabad, Gujarat, with an installed capacity of 36,000 MTPA and plans to expand to 96,000 MTPA. As of February 28, 2025, it employs 63 permanent staff, supporting its mission to deliver reliable and high-quality steel solutions

Price Band

₹136 – ₹143

Issue Size

₹52.91 Cr

Lot Size

1000 shares

GMP

—

Est. Listing

₹143

at current GMP

Subscribed

2.31x

overall

Open

7 Oct 2025

9 Oct 2025

Allotment

10 Oct 2025

Refund

11 Oct 2025

Demat Credit

12 Oct 2025

Listing

14 Oct 2025

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Mittal Sections Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹00.0%

Issue Price (Upper)

₹143

Band: ₹136 – ₹143

Estimated Listing Price

₹143

Upper price + GMP

Lot Size

1000 shares

Min investment ₹1,43,000

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	—	0.0%	₹143
30 Oct 2026	—	0.0%	₹143
29 Oct 2026	—	0.0%	₹143

About Mittal Sections Limited Public Issue & Market Profile

Mittal Sections Limited is bringing an initial public offering (IPO) in the Materials sector with an aggregate issue size of ₹52.91 Crores. The shares are offered at a price band of ₹136 to ₹143 per equity share on BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.

Public Issue & Pricing Context:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Basis of Allotment & Listing Timeline:

Following the close of bidding on 2025-10-09, the basis of allotment is scheduled to be finalized on 2025-10-10. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Mittal Sections Limited IPO GMP today?

The latest grey market premium for Mittal Sections Limited IPO is ₹0, which indicates an expected listing price of ₹143.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.

Mittal Sections Limited

Mittal Sections Limited GMP Today

Mittal Sections Limited GMP Historical Trend

GMP History

Estimated Listing Price

About Mittal Sections Limited Public Issue & Market Profile

Frequently Asked Questions

What is Mittal Sections Limited IPO GMP today?

What does Kostak Rate and Sauda mean in IPO GMP?

Is Grey Market Premium officially recognized?