Loading...
Loading IPO details...
MITTALSTL
LISTEDInvestors can bid for minimum 1000 shares (2 lots min for Individual) and in multiples. The table shows min-max investment by Individual and HNI.
| Application | Lots | Shares | Amount |
|---|---|---|---|
Individual(min) | 2 | 2,000 | ₹2.86L |
Individual(max) | 2 | 2,000 | ₹2.86L |
SHNI(min) | 3 | 3,000 | ₹4.29L |
SHNI(max) | 6 | 6,000 | ₹8.58L |
BHNI(min) | 7 | 7,000 | ₹10.01L |
Note: Lot size is 1000 shares at ₹143/share (₹₹1.43L/lot). SME: 2 lots minimum. Limits: Individual ₹0-₹2L, sHNI ₹2L-₹10L, bHNI >₹10L.
Mittal Sections Limited is an established manufacturer of mild steel sections and structural steel products under the brand 'MSL-Mittal'. The company caters to construction, automotive, and engineering sectors with a wide product portfolio of over 55 SKUs. It is expanding its production capacity significantly from 36,000 MTPA to 96,000 MTPA by FY26 to meet growing demand.
Despite a relatively high valuation, the IPO shows strong listing gains potential due to GMP and moderate subscription. The company has sound fundamentals and growth plans but faces industry cyclicality and valuation concerns. Suitable for investors seeking short-term listing gains rather than long-term value investing.
Analyst Notes: Automated research generated via Perplexity AI