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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Mittal Sections Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹143
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,43,000
Issue Size
₹52.91 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
47.37%
QIB Quota
5.26%
NII Quota
47.37%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
99.92%
Promoter Holding (Post-Issue)
67.96%
Issue Type
Book Building - SME
ISIN
INE833Q01012
Our company is a leading manufacturer of an extensive range of Mild Steel sections and structural steel products, including MS Flat Bars, MS Round Bars, MS Angles, and Channels. These products are produced in compliance with various BIS standards, primarily IS 2062: 2011, ensuring consistent quality and high performance across all applications.
India is the world's second-largest producer of crude steel, with an output of 125.32 MT of crude steel and finished steel production of 121.29 MT in FY23. India's domestic steel demand is estimated to grow by 9-10% in FY25 as per ICRA. India's steel production is estimated to grow 4-7% to 123-127 MT in FY24. The growth in the Indian steel sector has been driven by the domestic availability of raw materials such as iron ore and cost-effective labour. Consequently, the steel sector has been a major contributor to India's manufacturing output.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public issue of 37,00,000 equity shares of face value of Rs. 10/- each of Mittal Sections Limited ("M S L" or the "Company" or the "Issuer") for cash at a price of Rs. 143.00/- per equity share including a share premium of Rs. 133/- per equity share (the "Issue Price") aggregating to Rs. 52.91 crores ("the Issue"), of which 1,85,000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 143.00/- per equity share including a share premium of Rs. 133.00/- per equity share aggregating to Rs. 2.65 Crores will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., net issue of 35,15,000 equity shares of face value of Rs. 10/- each at a price of Rs. 143.00/-per equity share including a share premium of Rs. 133.00/- per equity share aggregating to Rs. 50.26 crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 31.99%, and 30.39 %, respectively, of the post issue paid up equity share capital of the company. Price Band: Rs. 136/- to Rs. 143/- for equity share of face value of Rs. 10 each. The floor price is 13.60 times times the face value and cap price is 14.30 times of the face value of the equity shares. Bids can made for a minimum of 2,000 equity shares and in multiples of 1,000 equity shares thereafter.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
Our Company was originally formed as Partnership Firm under the name and style of "Mittal Steel Industries" on November 01, 2006, bearing Firm Registration No. GUJ/AMS/37135. Subsequently, the constitution of partnership firm was changed on July 29, 2008 for admission of partners. Subsequently, the name of partnership firm was changed from "Mittal Steel Industries" to "Mittal Sections" on August 02, 2008. Subsequently, vide partnership agreement dated March 31, 2009 and pursuant to a resolution passed in the meeting of the partners held on March 31, 2009, "Mittal Sections" was converted from a partnership firm to a joint stock company with name "Mittal Sections Limited" in accordance to Part IX of the Companies Act 1956 and a Certificate of Incorporation dated April 02, 2009, was issued by Registrar of Companies, Gujarat, Dadra and Nagar Haveli. The Corporate Identity Number of our Company is U27109GJ2009PLC056527.
Wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.