Mittal Sections IPO to List Tomorrow on BSE SME Platform After Strong Investor Response

Ahmedabad, October 13, 2025 – Ahmedabad will participate in the event on October 13, 2025. Mittal Sections Limited will list on the BSE SME platform on October 14, 2025, with a successful IPO of ₹52.91 crores. Based in Gujarat, the steel producer recorded a healthy 2.25 times subscription, providing a positive signal for investor sentiment before the market listing.

Mittal Sections IPO Subscription Performance

The IPO, which was available for subscription from October 7 to October 9, 2025, had a price band of ₹136 to ₹143 per share. Retail investors, in particular, showed great enthusiasm by subscribing 4.08 times to this category. The total issue received bids for 81.11 lakh shares against an offer of 37 lakh shares, while non-institutional and qualified institutional buyers contributed at a moderate level.

Mittal Sections Allotment and Listing Schedule

The allocation for the IPO was concluded on October 10, and the processing of refunds and crediting of shares was completed by October 13. Trading in Mittal Sections Limited’s equity will begin on the BSE SME platform on October 14, with the ticker MITTALSTL.

Company Background

Mittal Sections Limited is located in Ahmedabad and engages in the manufacturing and marketing of mild steel and structural steel products, consisting of MS Flat Bars, Round Bars, Angles, and Channels under the “MSL-Mittal” brand. The company is ISO 9001:2015 certified and holds the BIS IS 2062:2011 mark, indicating compliance and the manufacturing of quality products.

Mittal Sections IPO Manufacturing Capabilities and Expansion Plans

Mittal Sections has two state-of-the-art facilities in Changodar, Ahmedabad, with a total production capacity of 36,000 MTPA. The company plans to ramp this up to reach a capacity of 96,000 MTPA by FY2026 to fulfill the increasing demand from the construction, infrastructure and manufacturing sectors of India.

Mittal Sections Promoters and Leadership

The firm was founded by experienced entrepreneurs Ajaykumar Balwantrai Mittal and Atul Balwantrai Mittal, who have over 20 years of expertise in the steel industry. Their vision has resolutely made the company a reliable supplier to industrial and infrastructure projects.

Outlook

With solid fundamentals, capacity expansion, and strong investor interest, Mittal Sections Limited is poised for a promising market debut. Its growth strategy aligns with India’s rising infrastructure investment, positioning the company for sustainable long-term performance. Given the strong retail response and sectoral growth outlook, Mittal Sections’ listing is expected to witness active participation and healthy price movement on debut.

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