Mittal Sections Limited
ListedSMEMaterials · 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
Close
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
Overall Subscription
2.31x
Total Demand
QIB Multiplier
1.13x
Institutions & Funds
NII / HNI
0.66x
High Net-Worth
Retail (RII)
4.08x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 185,000 | 209,000 | 1.13x |
| NIB | 1,665,000 | 1,104,000 | 0.66x |
| HNIs(10L +) | 1,110,000 | 644,000 | 0.58x |
| HNIs (2-10L) | 555,000 | 460,000 | 0.83x |
| RETAIL | 1,665,000 | 6,798,000 | 4.08x |
| Total | 5,180,000 | 9,215,000 | 2.31x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| QIB | — | 4 | 0.00x |
| NIB | — | 202 | 0.00x |
| RETAIL | 833 | 3,399 | 4.08x |
| HNIs(10L +) | 370 | 64 | 0.17x |
| HNIs (2-10L) | 185 | 138 | 0.75x |
| Total Applications | 1,388 | 3,807 | 2.74x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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?
Currently, Mittal Sections Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹136 to ₹143 per equity share.
What is the expected profit per lot for Mittal Sections Limited IPO?
The retail lot size is 1000 shares requiring a minimum application amount of ₹1,43,000. Expected listing price is ₹143 per equity share.
What is the issue size and price band for Mittal Sections Limited IPO?
The Mittal Sections Limited IPO aggregate issue size is ₹52.91 Crores with an equity price band set at ₹136 to ₹143 per equity share. The retail lot size is 1000 shares requiring a minimum capital outlay of approx. ₹1,43,000.
How can I check Mittal Sections Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 2.31x (Retail: 4.08x, QIB: 1.13x, NII: 0.66x). You can track live multiples directly on our dedicated subscription page.
Where and when will Mittal Sections Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2025-10-10. Investors can verify status using PAN card or application number.
When is the listing date for Mittal Sections Limited IPO?
Mittal Sections Limited shares are scheduled to list on BSE on 2025-10-14.