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15 Days Price Change

Mittal Sections IPO

Closing In

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Profile
Issue Size 52.91 Cr
Profile
Price Range 136  to  143 per share
Profile
Min Investment ₹143
Profile
Lot Size 1
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Face Value ₹10
Profile
Draft Prospectus
Invest Before the IPO Goes Live

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Profile
  • Basic Info
  • IPO Tentative Timetable
  • IPO Lot Size
  • Subscription Status
  • Financials
  • Profit & Loss
  • Balance Sheet
  • Cash Flow
  • Ratios
  • Growth Rates
  • Other info

Overview

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 withvarious BIS standards, primarily IS 2062:2011, ensuring consistent quality and high performance across allapplications.We manufacture products in different grades, such as E250A offering versatility to meet the diverse needs of ourclients across multiple industries. The sizes we provide cover a wide spectrum, allowing for customized solutions inboth small-scale and large-scale construction and industrial projects Read More

Basic Info

Face Value 10 per share

Price 136  to  143 per share

P/E (x) 31.1

Sales( Cr.) 137

PAT( Cr.) 4

EPS 4.6

Draft Prospectus

Exchange BSE-SME

Promoter

Company Promoters

Ajaykumar Balwantrai Mittal Atul Balwantrai Mittal Well Plan Tradelink Pvt Ltd.

Pre Issue Share Holding 99.92%

Post Issue Share Holding 67.96%

Listing Details:

Listing Price: 114.4

Listing Gain: -25%

Current Price: 32.6

Gain On Issue: 32.6 | 0%

GMP: 2.3

GMP %: 1.6 %

IPO Tentative Timetable

Opening Date Oct 07, 2025
Closing Date Oct 09, 2025
Allotment Oct 10, 2025
Refund Oct 13, 2025
Delivery of Shares Oct 13, 2025
Listing Date Oct 14, 2025

IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 2000 286,000
Retail (Max) -- -- --
S-HNI (Min) 1 2000 286,000
S-HNI (Max) 3 6000 858,000
B-HNI (Min) 4 8000 1,144,000

Objective of the Issue

We intend to utilize the proceeds of the issue to meet the following objects:1. To Capital expenditure towards Acquisition of Land, Construction of Factory Building and Purchase of Plant & Machineries 2. To meet Working Capital requirements 3. Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by our Company 4. General Corporate Purpose, Subject to applicable laws

Issue

Category Nos Bid Bid (x)
QIB 185000 209000 1.1x
NII 1850000 1104000 0.6x
Retail 1665000 6798000 4.1x
EMP 0 0 0x
Total 3700000 8111000 2.2x

Net Sales (in cr.)

Total Income (in cr.)

Operating Profit (in cr.)

Net Profit (in cr.)

Shareholder Funds (in cr.)

Total Assets (in cr.)

Mittal Sections Profit & Loss

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 149 167 161 137
Other Income 0 0 0 0
Total Income 149 168 162 137
Total Expenditure 146 164 156 129
Operating Profit 3 3 6 8
Interest 2 2 2 2
Depreciation 1 1 1 1
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 1 1 3 5
Provision for Tax 0 0 1 2
Profit After Tax 1 1 2 4
Adjustments 0 0 0 0
Profit After Adjustments 1 1 2 4
Adjusted Earnings Per Share 0.8 0.7 2.4 4.6

Mittal Sections Balance Sheet

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 4 5 7 10
Minority's Interest 0 0 0 0
Borrowings 6 8 4 11
Other Non-Current Liabilities 0 0 1 1
Total Current Liabilities 22 20 17 22
Total Liabilities 32 33 29 45
Fixed Assets 8 8 8 7
Other Non-Current Assets 1 1 1 5
Total Current Assets 23 24 21 33
Total Assets 32 33 29 45

Mittal Sections Cash Flow

#(Fig in Cr.) Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0
Cash Flow from Operating Activities 7 -4 7 0
Cash Flow from Investing Activities -1 -1 -0 -4
Cash Flow from Financing Activities -6 5 -7 4
Net Cash Inflow / Outflow -0 -0 0 -0
Closing Cash & Cash Equivalent 0 0 0 0

Mittal Sections Ratios

# Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.76 0.71 2.41 4.59
CEPS(Rs) 1.82 1.85 3.62 5.85
DPS(Rs) 0 0 0 0
Book NAV/Share(Rs) 5.44 6.15 8.56 13.15
Core EBITDA Margin(%) 1.99 1.84 3.32 5.62
EBIT Margin(%) 1.63 1.52 2.83 5.05
Pre Tax Margin(%) 0.54 0.46 1.61 3.77
PAT Margin (%) 0.4 0.33 1.17 2.64
Cash Profit Margin (%) 0.96 0.87 1.77 3.37
ROA(%) 1.86 1.7 6.07 9.7
ROE(%) 14.04 12.26 32.73 42.3
ROCE(%) 13.64 11.8 19.49 26
Receivable days 16.71 16.26 15.07 21.8
Inventory Days 30.57 26.85 20.87 16.72
Payable days 36.55 24.14 14.66 24.7
PER(x) 0 0 0 0
Price/Book(x) 0 0 0 0
Dividend Yield(%) 0 0 0 0
EV/Net Sales(x) 0.11 0.14 0.11 0.21
EV/Core EBITDA(x) 4.94 6.69 3.18 3.66
Net Sales Growth(%) 0 12.15 -3.41 -15.25
EBIT Growth(%) 0 4.48 80.26 50.98
PAT Growth(%) 0 -7.04 238.95 90.73
EPS Growth(%) 0 -7.04 238.96 90.73
Debt/Equity(x) 3.17 4.21 2.23 2.04
Current Ratio(x) 1.07 1.21 1.21 1.49
Quick Ratio(x) 0.5 0.61 0.84 1.22
Interest Cover(x) 1.49 1.43 2.32 3.94
Total Debt/Mcap(x) 0 0 0 0

Sihora Industries Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -15% -3% 0% 0%
Operating Profit CAGR 33% 39% 0% 0%
PAT CAGR 100% 59% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR NA% NA% NA% NA%
ROE Average 42% 29% 25% 25%
ROCE Average 26% 19% 18% 18%

Company Contact Information

Mittal Sections Ltd.

Hirenkumar Babubahi Patel

91-7926405484

info@mittalsections.com

01, Sona Roopa Apartment Opp. Lal Bunglow C. G. Road Navrangpura

IPO Lead Manager(s)

Mittal Sections Ltd.

Wealth Mine Networks Pvt Ltd.

Registrar Info

Mittal Sections Ltd.

Bigshare Services Pvt Ltd

A/802, Samudra Complex, Near Klassic Gold, Girish Gold Drink, CG Road, Ahmedabad-380009

Frequently Asked Questions

All You Need To Know About IPO

When you leave without vesting, generally unvested ESOPs are cancelled. Vested ESOPs usually can be exercised after you depart, often within 3 to 6 months, depending on the company's ESOP plan.

For companies listed on a stock exchange, you can sell the shares any time after you exercise the ESOP option and the shares are in your demat account. If the company is unlisted or otherwise a startup, you can only sell the shares if and when the company announces a buyback or has a process for secondary sales.

Whenever you exercised your options to hold shares, you entered into a market risk situation, and if the valuation of the company drops, so do the shares.

Yes. ESOPs are valuable to the employer in that the employer is able to retain the best talent, align employee interests with company goals, and preserve cash while rewarding performance.

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