Millworks Technologies Ltd.
SMEPrice Range
₹315–331
Issue Size
₹ 116 Cr
Lot Size
800 Shares
Min. Investment
₹ 2,52,000
Financial Summary
(in crores)| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| Operating Revenue | 14,876.7 | 2,210.01 |
| Other Income | 462.97 | 31.79 |
| Total Income | 15,339.67 | 2,241.8 |
| Total Expenses | 9,674.28 | 1,433.88 |
| Profit Before Tax | 5,022.97 | 708.65 |
| Total Profit | 3,706.39 | 525.23 |
Subscription Details
Subscription
IPO Timeline
IPO Offer Start
14 Jul 2026
IPO Offer Ends
16 Jul 2026
Listing Date
21 Jul 2026
Use of Proceeds
| # | Purpose | Amount (₹ Cr) |
|---|---|---|
| 1 | Funding the working capital requirements of the | 1,642.7 |
| 2 | General Corporate Purposes | 97.059 |
Promoters
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