Mittal Sections Ltd Logo

Mittal Sections Ltd IPO

NSELot: 1000

LISTEDSME
Issue Price143
Listing114.4
Current29
Price Band
136 - ₹143
Lot Size
1,000
Issue Size
₹52.91 Cr
GMP
0
Subscription
1.25x

IPO Schedule

1
Open
7 Oct
2
Close
9 Oct
3
Allotment
10 Oct
4
Listing
14 Oct

About Mittal Sections Ltd

Mittal Sections Ltd is an SME engaged in the manufacturing of structural steel products and customized steel sections. Their product range caters to diverse industries including infrastructure, construction, and engineering.

Subscription Status

QIB
0.75x
NII
0.35x
Retail
2.21x
CategoryDay 3Day 2Day 1
QIB1.13x0.75x0.75x
NII0.55x0.36x0.35x
Retail4.08x3.09x2.21x
Total2.25x1.68x1.25x

Risk Factors

The SME segment inherently carries higher risk compared to larger, more established companies.
Fluctuations in raw material prices (steel) can impact profitability.
Reliance on specific industries makes the company vulnerable to sector-specific downturns.

Promoters & Management

The company's key management personnel include Mr. Ajaykumar Balwantrai Mittal (Chairman cum Managing Director), Mr. Atul Balwantrai Mittal (Whole Time Director & CFO), and Mr. Hirenkumar Babubhai Patel (Company Secretary & Compliance Officer). The company's senior managerial personnel include Mr. Abhy Ajay Mittal (SMP - Marketing and Sales Manager), Mr. Ashok kumar Lallubhai Parmar (SMP – Plant Manager), and Mr. Ghanshyam Kedar Yadav (SMP – Production Manager). The Board of Directors consists of five members: Mr. Ajaykumar Balwantrai Mittal, Mr. Atul Balwantrai Mittal, Ms. Sushiladevi Balwantrai Mittal, Ms. Aishwarya Singhvi (Non-Executive - Independent Director), and Ms. Dhruvi Shyam Kapadia (Non-Executive - Independent Director). The Board has established an Audit Committee, a Stakeholders Relationship Committee, and a Nomination and Remuneration Committee to ensure effective corporate governance.