Comparison between Brandman Retail IPO and Mittal Sections IPO.
Brandman Retail IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Mittal Sections IPO is a SME Bookbuilding proposed to list at BSE SME.
| Brandman Retail IPO | Mittal Sections IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Gretex Corporate Services Ltd. | Wealth Mine Networks Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Gretex Share Broking Pvt.Ltd. | Sunflower Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Brandman Retail IPO is up to ₹81.78 Cr whereas the issue size of the Mittal Sections IPO is up to ₹50.26 Cr. The final issue price of Brandman Retail IPO is ₹176.00 per share and of Mittal Sections IPO is ₹143.00 per share.
| Brandman Retail IPO | Mittal Sections IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹167.00 per share | ₹136.00 per share |
| Issue Price (Upper) | ₹176.00 per share | ₹143.00 per share |
| Issue Price (Final) | ₹176.00 per share | ₹143.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 800 shares | 1000 shares |
| Fresh Issue Size | 46,46,400 shares | 35,15,000 shares |
| Fresh Issue Size (Amount) | up to ₹81.78 Cr | up to ₹50.26 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 46,46,400 shares | 35,15,000 shares |
| Issue Size Total (Amount) | up to ₹81.78 Cr | up to ₹50.26 Cr |
Brandman Retail IPO opens on Feb 04, 2026, while Mittal Sections IPO opens on Oct 07, 2025. The closing date of Brandman Retail IPO and Mittal Sections IPO is Feb 06, 2026, and Oct 09, 2025, respectively.
| Brandman Retail IPO | Mittal Sections IPO | |
|---|---|---|
| Anchor Bid Date | Feb 03, 2026 | |
| Issue Open | Feb 04, 2026 | Oct 07, 2025 |
| Issue Close | Feb 06, 2026 | Oct 09, 2025 |
| Basis Of Allotment (Tentative) | Feb 09, 2026 | Oct 10, 2025 |
| Initiation of Refunds (Tentative) | Feb 10, 2026 | Oct 13, 2025 |
| Credit of Share (Tentative) | Feb 10, 2026 | Oct 13, 2025 |
| Listing date (Tentative) | Feb 11, 2026 | Oct 14, 2025 |
| Anchor Lockin End date 1 | Mar 10, 2026 | |
| Anchor Lockin End date 2 | May 09, 2026 |
Brandman Retail IPO P/E ratio is 11.39, as compared to Mittal Sections IPO P/E ratio of 31.15.
| Brandman Retail IPO | Mittal Sections IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated)Mittal Sections Ltd.'s revenue decreased by 15% and profit after tax (PAT) rose by 91% between the financial year ending with March 31, 2025 and March 31, 2024.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.92 | 99.92 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 69.03 | 67.95 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.39 | 31.15 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹324.85 Cr. | ₹165.42 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 108.47 | 34.92 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 70.48 | 31.27 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.40 | 2.04 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹15.45 | ₹4.59 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 70.33 | 34.92 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Brandman Retail IPO Retail Individual Investors (RII) are offered 16,27,200 shares while in Mittal Sections IPO retail investors are offered 16,27,200 shares. Qualified Institutional Buyers (QIB) are offered 9,28,000 shares in Brandman Retail IPO and 1,85,000 shares in Mittal Sections IPO.
| Brandman Retail IPO | Mittal Sections IPO | |
|---|---|---|
| Anchor Investor Reservation | 13,92,000 shares | 0 shares |
| Market Maker Reservation | 2,44,800 shares | 1,85,000 shares |
| QIB | 9,28,000 shares | 1,85,000 shares |
| NII | 6,99,200 shares | 16,65,000 shares |
| RII | 16,27,200 shares | 16,65,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 46,46,400 shares | 35,15,000 shares |
Brandman Retail IPO subscribed 114.48x in total, whereas Mittal Sections IPO subscribed 2.25x.
| Brandman Retail IPO | Mittal Sections IPO | |
|---|---|---|
| QIB (times) | 85.24x | 1.13x |
| NII (times) | 202.98x | 0.55x |
| Big NII (times) | 248.47x | 0.41x |
| Small NII (times) | 111.86x | 0.83x |
| RII (times) | 93.12x | 4.08x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 114.48x | 2.25x |
