Mittal Sections Ipo
Mittal Sections IPO Review & Key Points
Review:
IPO Lead Managers aka Merchant Bankers
Wealth Mine Networks Pvt.Ltd.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 2,000 | ₹2,86,000 |
| Retail Maximum | 2 | 2,000 | ₹2,86,000 |
| S-HNI Minimum | 3 | 3,000 | ₹4,29,000 |
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | 1,85,000 Shares | 5% |
| NII Shares Offered | 16,65,000 Shares | 45% |
| Retail Shares Offered | 16,65,000 Shares | 45% |
| IPO Open Date: | October 7, 2025 |
| IPO Close Date: | October 9, 2025 |
| Basis of Allotment: | October 10, 2025 |
| Refunds: | October 13, 2025 |
| Credit to Demat Account: | October 13, 2025 |
| IPO Listing Date: | October 14, 2025 |
| IPO Bidding Cut-off Time: | October 9, 2025 – 5 PM |
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 78,67,500 | 99.92% |
| Promoter Holding Post Issue | 1,15,67,500 | 67.95% |
| Purpose | Crores |
| To Capital expenditure towards Acquisition of Land, Construction of Factory Building and Purchase of Plant & Machineries | 20.89 |
| To meet Working Capital requirements | 15.00 |
| Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the Company | 5.00 |
| General Corporate Purpose | – |
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | ₹167.53 | ₹166.77 | ₹0.56 | ₹33.37 |
| 2024 | ₹161.65 | ₹159.05 | ₹1.89 | ₹29.04 |
| 2025 | ₹137.07 | ₹131.92 | ₹3.61 | ₹45.42 |
| May 2025 | ₹28.17 | ₹26.12 | ₹1.47 | ₹50.48 |
| KPI | Values |
| ROE: | 34.92% |
| ROCE: | 31.27% |
| EBITDA Margin: | 5.69% |
| PAT Margin: | 2.64% |
| Debt to equity ratio: | 2.04 |
| Earning Per Share (EPS): | ₹4.59 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 34.92% |
| Net Asset Value (NAV): | ₹13.15 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Rhetan TMT Limited | 0.06 | 328.00 | 5.27% | 1.18 | 38.74 Cr. |
| Riddhi Steel and Tube Limited | 9.15 | 9.28 | 10.53% | 7.91 | 393.94 Cr. |
| Surani Steel Tubes Limited | 0.38 | 123.00 | 0.46% | 78.36 | 227.39 Cr. |
| IPO Open Date | October 7, 2025 |
| IPO Close Date | October 9, 2025 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹134 to ₹143 Per Share |
| Issue Size | Approx ₹52.91 Crores |
| Fresh Issue | Approx ₹52.91 Crores |
| Issue Type | Book Built Issue |
| IPO Listing | BSE SME |
| DRHP Draft Prospectus | |
| RHP Draft Prospectus |