Mittal Sections IPO Price, List Date, Subscription Details

Key Performance Indicators	Mar 2022	Mar 2023	Mar 2024
Operating Revenue	14,906.18	16,717.85	16,148.18
Other Income	29.29	35.42	16.78
Total Income	14,935.48	16,753.26	16,164.96
Total Expenses	14,855.61	16,676.94	15,904.51
Profit Before Tax	79.87	76.32	260.45
Total Profit	60.09	55.86	189.34

Key Performance Indicators

Mar 2022

Mar 2023

Mar 2024

Operating Revenue

14,906.18

16,717.85

16,148.18

Other Income

29.29

35.42

16.78

Total Income

14,935.48

16,753.26

16,164.96

Total Expenses

14,855.61

16,676.94

15,904.51

Profit Before Tax

79.87

76.32

260.45

Total Profit

60.09

55.86

189.34

Key Performance Indicators	Mar 2022	Mar 2023	Mar 2024
Operating Revenue	14,906.18	16,717.85	16,148.18
Other Income	29.29	35.42	16.78
Total Income	14,935.48	16,753.26	16,164.96
Total Expenses	14,855.61	16,676.94	15,904.51
Profit Before Tax	79.87	76.32	260.45
Total Profit	60.09	55.86	189.34

Key Performance Indicators

Mar 2022

Mar 2023

Mar 2024

Operating Revenue

14,906.18

16,717.85

16,148.18

Other Income

29.29

35.42

16.78

Total Income

14,935.48

16,753.26

16,164.96

Total Expenses

14,855.61

16,676.94

15,904.51

Profit Before Tax

79.87

76.32

260.45

Total Profit

60.09

55.86

189.34

Purpose	Amount
The company intends to set up a Manufacturing Plant in Bavla, Ahmedabad, Gujarat. The funds will be utilized for acquisition of land (sub-plot no. 27, 28 & 29 bearing Revenue Sur. No. 323 & 324 of Mouje Chiyada, Taluka Bavla District Ahmedabad), construction of factory building including PEB structure work and civil works, and purchase of HI Speed Rolling Mill Plant and related machinery. The new facility will have an estimated production capacity of metric tons per annum for manufacturing steel products. The plant is expected to become operational in the financial year, from January. The company will manufacture steel products including MS Flat Bars, MS Round Bars, MS Angles, and Channels under the registered brand name 'MSL-MITTAL'.	2,089
The company proposes to utilize the proceeds to meet its working capital requirements in light of incremental business requirements for funding working capital needs in Fiscal and. The funds will support the company's operations including inventories, trade receivables, and other current assets required for business expansion. The company currently funds working capital through bank finances, internal accruals, and unsecured loans. The additional working capital will help support the company's growth plans and operational requirements.	1,500
The company proposes to utilize the proceeds towards full or partial repayment or prepayment of borrowings availed from banks and financial institutions. As on March, the total amount outstanding under loan facilities (comprising term loans, working capital limits and unsecured loans) was lakhs. The repayment/prepayment will help reduce outstanding indebtedness, assist in maintaining a favorable debt-equity ratio, and enable utilization of additional amount from internal accruals for further investment in business growth and expansion. The improved debt-equity ratio will enable the company to raise further resources at competitive rates for future business development opportunities.	500
The company intends to deploy the balance net proceeds for general corporate purposes, subject to such utilization not exceeding % of the amount being raised by the issuer or Rs. crores, whichever is less. The funds may be used for meeting operating expenses, brand building, strategic initiatives, repayment of borrowings, investment in associate/subsidiary companies, meeting working capital requirements including payment of interests, strengthening business development and marketing capabilities, meeting exigencies which the company in the ordinary course of business may not foresee, or any other purpose as approved by the board of directors.	-

Purpose

Amount

The company intends to set up a Manufacturing Plant in Bavla, Ahmedabad, Gujarat. The funds will be utilized for acquisition of land (sub-plot no. 27, 28 & 29 bearing Revenue Sur. No. 323 & 324 of Mouje Chiyada, Taluka Bavla District Ahmedabad), construction of factory building including PEB structure work and civil works, and purchase of HI Speed Rolling Mill Plant and related machinery. The new facility will have an estimated production capacity of metric tons per annum for manufacturing steel products. The plant is expected to become operational in the financial year, from January. The company will manufacture steel products including MS Flat Bars, MS Round Bars, MS Angles, and Channels under the registered brand name 'MSL-MITTAL'.

2,089

The company proposes to utilize the proceeds to meet its working capital requirements in light of incremental business requirements for funding working capital needs in Fiscal and. The funds will support the company's operations including inventories, trade receivables, and other current assets required for business expansion. The company currently funds working capital through bank finances, internal accruals, and unsecured loans. The additional working capital will help support the company's growth plans and operational requirements.

1,500

The company proposes to utilize the proceeds towards full or partial repayment or prepayment of borrowings availed from banks and financial institutions. As on March, the total amount outstanding under loan facilities (comprising term loans, working capital limits and unsecured loans) was lakhs. The repayment/prepayment will help reduce outstanding indebtedness, assist in maintaining a favorable debt-equity ratio, and enable utilization of additional amount from internal accruals for further investment in business growth and expansion. The improved debt-equity ratio will enable the company to raise further resources at competitive rates for future business development opportunities.

500

The company intends to deploy the balance net proceeds for general corporate purposes, subject to such utilization not exceeding % of the amount being raised by the issuer or Rs. crores, whichever is less. The funds may be used for meeting operating expenses, brand building, strategic initiatives, repayment of borrowings, investment in associate/subsidiary companies, meeting working capital requirements including payment of interests, strengthening business development and marketing capabilities, meeting exigencies which the company in the ordinary course of business may not foresee, or any other purpose as approved by the board of directors.

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SEBI Stock Broker Registration No: INZ000006031 | Depository Participant (CDSL) ID: IN-DP-289-2016 | SEBI Research Analyst Registration No: INH000023357
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Details of client bank account

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Mittal Sections IPO

Founded In

2009

Director

Ms. Sushiladevi Balwantrai Mittal

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