
Mittal Sections Ltd IPO
NSELot: 1000Steel
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
| Category | Day 3 | Day 2 | Day 1 |
|---|---|---|---|
| QIB | 1.13x | 0.75x | 0.75x |
| NII | 0.55x | 0.36x | 0.35x |
| Retail | 4.08x | 3.09x | 2.21x |
| Total | 2.25x | 1.68x | 1.25x |
Risk Factors
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.