IPO Synopsis


Mittal Sections Ltd

Registered Office: No.01 Sona Roopa Apartment Opp,Lal Bunglow C.G.Rd Navrangpura, Ahmedabad - 380009, Gujarat, India.
Phone : +91 79264 05484   Fax:
Email :  info@mittalsections.com  
Website :  www.mittalsectionslimited.com

Initial public issue of 37,00,000 equity shares of face value of Rs. 10/- each of Mittal Sections Limited ("MSL" or the "Company" or the "Issuer") for cash at a price of Rs. [*]/- per equity share including a share premium of Rs. [*]/- per equity share (the "Issue Price") aggregating to Rs. [*] crores ("the Issue"), of which [*] equity shares of face value of Rs. 10/- each for cash at a price of Rs. [*]/- per equity share including a share premium of Rs. [*]/- per equity share aggregating to Rs. 185,000 lakhs will be reserved for subscription by market maker to the issue (the "Market maker reservation portion"). The issue less the market maker reservation portion i.e., net issue f 35,15,000 equity shares of face value of Rs. 10/- each at a price of Rs. [*]/-per equity share including a share premium of Rs. [*]/- per equity shareaggregating to Rs. [*] crores is herein after referred to as the "net issue". Theissue and the net issue will constitute 31.99%, and 30.39 %, respectively, ofthe post issue paid up equity share capital of the company. Price Band: Rs. 136/- to Rs. 143 for equity share of face value of Rs. 10 each. The floor price is 13.6 times times the face value and cap price is 14.3 of the face value of the equity shares. Bids can made for a minimum of 2,000 equity shares and in multiples of 1,000 equity shares thereafter.

Issue Money Payable On
Opens on Closes On Application Allotment
07-Oct-25 09-Oct-25 136.00-143.00 0.00-0.00
Minimum Application for shares in Nos : 2000   Further Multiples of : 1000
  Rs(Cr.) Lead Managers to the Issue
Project Cost 0.00 Wealth Mine Networks Pvt Ltd
Project Financed through Current Offer 50.32  
Post Issue Equity Share Capital 11.58  
Issue Price 136.00  

Project

  • To Capital expenditure towards acquisition of land, construction of factory building and purchase of plant and machineries
  • To meet working capital requirements
  • Full or part repayment and/or prepayment of certain outstanding secured borrowings availed by the company
  • General corporate purposes

Promoted By

Ajaykumar Balwantrai Mittal

Atul Balwantrai Mittal

Well Plan Tradelink Pvt Ltd

Listing At

BSE - SME

Registrar to the Issue

No Data Available