Millworks Technologies IPO Details
IPO Overview
| Price Band | ₹315–₹331 |
|---|---|
| Lot Size | 400 shares |
| Min Investment | Min ₹132400 |
| GMP | ₹300 (90.63%) |
| Total Subscription | 0 times |
| Status | Upcoming |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 800 | 264800 |
| Individual investors (IND) (Max) | 2 | 800 | 264800 |
| S-HNI (Min) | 3 | 1200 | 397200 |
| S-HNI (Max) | 7 | 2800 | 926800 |
| B-HNI (Min) | 8 | 3200 | 1059200 |
IPO Tentative Timetable
| IPO Open Date | Jul 14, 2026 |
|---|---|
| IPO Close Date | Jul 16, 2026 |
| Allotment Date | Jul 17, 2026 |
| Refund Initiation | Jul 20, 2026 |
| Listing Date | Jul 21, 2026 |
IPO Detail
| Face Value | ₹10 per share |
|---|---|
| Price Band | ₹315 to ₹331 |
| Lot Size | 400 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 48,44,000 shares (agg. up to ₹160 Cr) |
| Reserved for Market Maker | 4,24,000 shares (agg. up to ₹14 Cr)Pace Stock Broking Services Pvt.Ltd. |
| Fresh Issue (Ex Market Maker) | 44,20,000 shares (agg. up to ₹146 Cr) |
| Net Offered to Public | 44,20,000 shares (agg. up to ₹146 Cr) |
| Share Holding Pre Issue | 1,27,70,755 shares |
| Share Holding Post Issue | 1,76,14,755 shares |
Valuations
Company Financials (In Crore)
| Period Ended | Assets | Total Income | Profit After Tax | E B I T D A | N E T Worth | Reserves And Surplus | Total Borrowing |
|---|---|---|---|---|---|---|---|
| 31 Mar 2026 | 198.37 | 153.40 | 37.06 | 56.30 | 82.67 | 69.90 | 17.02 |
| 31 Mar 2025 | 39.82 | 22.42 | 5.25 | 7.89 | 23.31 | 23.25 | 9.63 |
| 31 Mar 2024 | 10.54 | 9.40 | 1.95 | 2.78 | 2.33 | 2.28 | 4.57 |
Objects of the Issue
| S. No. | Objects Of The Issue | Expected Amount (in Crores) |
|---|---|---|
| 1 | Funding capital expenditure of Company to purchase Plant and Machinery | 61.03 |
| 2 | Funding the working capital requirements of the Company | 81.50 |
| 3 | General Corporate Purposes | |
| Total | 142.53 |
About Company
Millworks Technologies Ltd. is a precision engineering company specializing in the manufacture of high-accuracy machined components, sheet metal parts, and integrated assemblies for mission-critical applications across the railways, aerospace, defence, and semiconductor industries.
Business Verticals:
- Aerospace: Precision-machined components and sub-assemblies used in aero-engine applications.
- Defense: Machined components and sub-assemblies such as missile airframe components, guidance system housings, structural brackets and mounts, and hydraulic cylinder parts, etc.
- Railways: Precision components used in train control and rolling stock infrastructure, and manufacturing components for train and metro door systems, including parts used in door mechanisms and actuators.
- Semiconductor Machinery: precision-engineered components and fixtures used in semiconductor manufacturing and testing equipment, such as machine base frames, precision brackets and mounts, alignment plates, and equipment housings, etc.
Its operations are executed under both Build-to-Print (BTP) and Build-to-Spec (BTS) models, along with full-scope manufacturing and job-work arrangements. Under the Build-to-Print (BTP) model, it manufactures components strictly in accordance with customer-supplied drawings and technical specifications. In contrast, the Build-to-Spec (BTS) model involves producing components based on functional and performance requirements defined by customers to deliver solutions aligned with their operational objectives.
As of November 30, 2025, the company operates four advanced manufacturing facilities in Bengaluru, Karnataka. These facilities are equipped with state-of-the-art infrastructure, including CNC machining centers (3-axis, 4-axis, and 5-axis), CNC turning and turn-mill centers, wire EDM machines, fibre laser cutting systems, CNC press brakes, welding stations, and dedicated assembly and inspection areas.
Competitive Strengths:
- Precision Engineering Capability and Manufacturing of Complex Components Across Diverse Materials
- Certified Quality Management Systems Supporting Process
- Comprehensive Manufacturing Infrastructure
- Global Customer Relationships and Export-Oriented Business Operations
- Structured Research and Development Function
- Experienced Management and Skilled Technical Workforce
- Strong order book of Rs 9,594.45 lakhs (As of Jan 10, 2026)
Promoters
- Sridhar Acharya, H K Madhu, Sowmya Madhu and Rashmi Sridhar Acharya
Documents
Millworks Technologies IPO Details — Frequently Asked Questions
What is Millworks Technologies IPO?
What is the price band of Millworks Technologies IPO?
What is the lot size and minimum investment for Millworks Technologies IPO?
When will Millworks Technologies IPO open and close for subscription?
What is the issue size of Millworks Technologies IPO?
When is the Millworks Technologies IPO listing date?
Is Millworks Technologies a Mainline IPO or SME IPO?
How can I apply for Millworks Technologies IPO?
Disclaimer
No financial information published within this application, including but not limited to information regarding securities or IPOs, should be considered as advice to buy or sell securities or to invest in IPOs, or as a guide to doing so in any way whatsoever. All content published in this application is provided solely for educational and informational purposes, and under no circumstances should it be used for making investment decisions. We are not a SEBI registered analyst.
Readers must consult a qualified financial advisor before making any actual investment decisions based on information published in this application. The information in this application is based on information available as of the date of publication, along with market perceptions, and may be subject to change without notice.