Mittal Sections came to market through an SME IPO that opened on 7 October 2025 and closed on 9 October 2025, and the shares listed on 14 October 2025 on BSE SME. The price band was ₹136 to ₹143 per share and one lot was 1000 shares, so the minimum application was ₹1,43,000. The issue size was ₹52.91 crore. The whole issue was fresh shares, so the money raised went to the company.
Bigshare Services Pvt.Ltd was the registrar to the issue, and Wealth Mine Networks Pvt.Ltd was the lead manager.
As of 9 October 2025.
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Registered in 2009, Mittal Sections Limited deals in manufacturing basic iron and steel products. The firm is a producer of mild steel sections and structural steel items, such as MS flat bars, round bars, angles, and channels, providing diversified high-quality solutions.The firm sells its products under the brand name 'MSL-MITTAL, quality, strength, and industry standard, providing consistent steel products to meet stringent specifications for customer projects.
The firm has two production facilities in Changodar, Ahmedabad, Gujarat, with a capacity of 36,000 MTPA. Plans to expand include raising the capacity to 96,000 MTPA. As of February 28, 2025, the firm had 63 permanent staff members.
As described in the offer document.
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Mr. Ajaykumar Balwantrai Mittal, Mr. Atul Balwantrai Mittal, Well Plan Tradelink Pvt. Ltd.. Promoter holding 99.92% before the issue.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Mittal Sections IPO was a ₹52.91 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹136–₹143 per share with a lot size of 1,000 shares; the minimum retail application was 2,000 shares (₹2,86,000). The IPO was open from October 7 to October 9, 2025 and was subscribed 2.31x. Shares listed on BSE SME on October 14, 2025 at ₹114.40, a 20.0% discount to the issue price of ₹143. Bigshare Services Pvt. Ltd. is the registrar.
Wealth Mine Networks Pvt. Ltd. is the book running lead manager.
The price band of Mittal Sections IPO is ₹136 to ₹143 per share.
The lot size of Mittal Sections IPO is 1000 shares.
The minimum investment for Mittal Sections IPO is approximately ₹2,86,000 based on the upper price band.
The allotment date of Mittal Sections IPO is Oct 10, 2025.
You can check Mittal Sections IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Mittal Sections IPO allotment status on Rupix for quick and easy access.
₹136 to ₹143 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1000 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,43,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,43,000, for one lot of 1000 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 7 October 2025 and closed on 9 October 2025.
The basis of allotment was published on 10 October 2025 by Bigshare Services Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 14 October 2025 on BSE SME.
The issue size was ₹52.91 crore. The fresh issue was 37,00,000 shares (aggregating up to ₹52.91 crore).