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Mittal Sections Limited is operating in the Steel Sector, 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.
Strong domestic demand for consumption and investment, along with the Government’s continued emphasis on capital expenditure, are seen as among the key drivers of the GDP in the second half of FY24 in the Steel Sector.
| Revenue | ₹7.89 cr | ₹168.90 cr (+2,040.68%) | |
| PAT | ₹3.61 cr | ₹8.76 cr (+142.66%) | |
| PAT Margin | 45.75 % | 5.19 % (-88.66%) | |
| EBITDA | ₹7.89 cr | ₹2.47 cr (-68.69%) | |
| EBITDA Margin | 100.00 % | 8.77 % (-91.23%) | |
| ROE | 34.91 % | 12.37 % (-64.57%) | |
| ROCE | 31.27 % | 10.26 % (-67.19%) | |
| D/E | 2.04 | 1.77 (-13.24%) |
Mittal Sections Limited leverages a diversified product portfolio, including mild steel flat bars, round bars, angles, and channels, serving multiple industries from construction to manufacturing. This broad customer base mitigates risk, strengthens market presence, and drives growth across sectors.
PE Ratio: 34.27x Average Sector PE Ratio: 16.23x
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Max) | 2 | 2000 | ₹286000 |
| S-HNI (Min) | 3 | 3000 | ₹429000 |
| S-HNI (Max) | 6 | 6000 | ₹858000 |
| B-HNI (Min) | 7 | 7000 | ₹1001000 |
Avg IPO Size (Sector Based):
₹ 32.69 cr.
Average Sector PE Ratio:
16.23 X
Listing Price:
₹ [●]
Mittal Sections 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 with various BIS standards, primarily IS 2062:2011, ensuring consistent quality and high performance across all applications. They manufacture products in different grades, such as E250A offering versatility to meet the diverse needs of their clients across multiple industries. The sizes they provide cover a wide spectrum, allowing for customized solutions in both small-scale and large-scale construction and industrial projects.
Gretex Corporate Services Limited, based in Mumbai is the Lead Manager (BRLM) of Mittal Sections IPO. Gretex Corporate Services Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of Gretex Corporate Services Limited .
Mittal Sections IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on Mittal Sections Financial Review Page
Merchant Banker(s) of Mittal Sections IPO: Gretex Corporate Services Limited
Mittal Sections IPO subscription was X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
Mittal Sections IPO listed at a listing price of against the offer price of 143.00.
The current market price of Mittal Sections is .
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