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Millworks Technologies Ltd.

SME
ListedListed on 21 Jul 2026+90.0%

Price Range

₹315–331

Issue Size

₹ 116 Cr

Lot Size

800 Shares

Min. Investment

₹ 2,52,000

Financial Summary

(in crores)
ParticularsFY 2025-26FY 2024-25
Operating Revenue14,876.72,210.01
Other Income462.9731.79
Total Income15,339.672,241.8
Total Expenses9,674.281,433.88
Profit Before Tax5,022.97708.65
Total Profit3,706.39525.23

Subscription Details

193.14xTotal
Subscription
Retail
216.46x
NII - Small
0.00x
NII - Big
0.00x
QIB
194.05x
Employees
0.00x

IPO Timeline

IPO Offer Start

14 Jul 2026

IPO Offer Ends

16 Jul 2026

Listing Date

21 Jul 2026

Use of Proceeds

#PurposeAmount (₹ Cr)
1Funding the working capital requirements of the 1,642.7
2General Corporate Purposes97.059

Promoters

Rashmi Sridhar Acharya

Promoter Shareholding

Pre-IPO

65.08%

Promoter stake

Post-IPO

47.18%

Promoter stake

Offered to Public

35,18,800

shares

Post Share Capital

83,11,149

shares

About the Company

We are a precision engineering company engaged in the manufacture of machined components, sheet metal parts, and integrated assemblies used in mission-critical applications across the railways, aerospace, defence, and semiconductor sectors. Our operations are undertaken under Build-to-Print (BTP) and Build-to-Spec (BTS) engagement models and include both full-scope manufacturing as well as job-work arrangements. Under the BTP (Build-to-Print) model, manufacturing is carried out in accordance with customerprovided drawings and technical specifications, while under the BTS (Build-to-Spec) model, customers specify functional and performance requirements and our Company undertakes manufacturing to meet such specifications. This dual model enables us to support a diverse array of customer needs from strict adherence to design intent to more collaborative, performance-driven development. Incorporated in 2021, our Company has developed into a multi-vertical engineering enterprise with manufacturing capabilities spanning precision machining, sheet metal fabrication, sub-assembly, and related processes. We primarily supply to Original Equipment Manufacturers (OEMs) Our quality systems and process controls are designed to meet rigorous industry standards, ensuring that every component and assembly we supply performs reliably in the most demanding environments. As of November 30, 2025, we operate four manufacturing facilities located in Bengaluru, Karnataka. Unit-I located at No. 458/1, 10th A Cross, 4th Phase, Peenya Industrial Estate, Peenya, Bangalore 560058. Unit- 2 Located at B - 165, 4th Main, Peenya 2nd Stage, Bangalore - 560058. Unit-3 Located at Plot No. 270/2, 3rd Main Road, 4th Phase, Peenya Industrial Estate, Peenya, Bangalore – 560058 and Unit-4 Located at No.77/1, Binnamangala Arisinakunte, Village, next to paragon Factory, Nelamangala, Bangalore562123.Our facilities are equipped with CNC (Computer numerical control) machining centres, including 3-axis, 4-axis, and 5-axis machines, CNC (Computer numerical control) turning and turn-mill centres, wire EDM machines, fibre laser cutting systems, CNC (Computer numerical control) press brakes, welding equipment, and designated areas for assembly and inspection.

Use of Proceeds

1. Funding capital expenditure of our company to purchase Plant and Machinery; 2. Funding the Working Capital requirements of the company; 3. General Corporate Purposes