Millworks Technologies Ltd.
SMEBSE₹315–331
₹ 116 Cr
800 Shares
₹ 2,52,000
₹10
Financial Summary
| Particulars | FY 2025-26 | FY 2024-25 |
|---|---|---|
| 14,876.7 | 2,210.01 | |
| 462.97 | 31.79 | |
| 15,339.67 | 2,241.8 | |
| 9,674.28 | 1,434.46 | |
| 5,022.97 | 708.07 | |
| 3,706.39 | 524.9 |
Subscription Details
Subscription
IPO Timeline
IPO Offer Start
14 Jul 2026
IPO Offer Ends
16 Jul 2026
21 Jul 2026
Use of Proceeds
| # | Purpose | Amount (₹ Million) |
|---|---|---|
| 1 | Funding capital expenditure of our company to | 610.305 |
| 2 | Funding the working capital requirements of the | 1,642.7 |
| 3 | General Corporate Purposes | 97.059 |
Promoters
Book Running Lead Managers
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
Millworks Technologies Ltd. Latest News
News
Millworks Technologies establishes centre of excellence for 3D printing with Markforged
The Centre houses seven machines in total, including industrial 3D printers, supporting post-processing systems and 3D scanning equipment
Millworks Technologies informs about disclosure
Millworks Technologies informs about SAST
Millworks Technologies informs about SAST
Millworks Technologies coming with IPO to raise up to Rs 160.34 crore
The issue will open on July 14, 2026 and will close on July 16, 2026
IPO FAQs
The Millworks Technologies Ltd. IPO has a total of ₹116 crore, calculated at the upper end of the .
The Millworks Technologies Ltd. IPO is priced at ₹315–331 per share. bids must fall within this , against a of ₹10 per share.
The for the Millworks Technologies Ltd. IPO is 800 shares, which is also the minimum order quantity — you have to apply for at least 800 shares, and in multiples of 800 beyond that.
The minimum investment in the Millworks Technologies Ltd. IPO is about ₹2,52,000 — one lot of 800 shares, calculated at the lower end of the .
Bidding at the cut-off or upper price raises the amount blocked in your account.
The Millworks Technologies Ltd. opens on 14 Jul 2026 and closes on 16 Jul 2026.
Applications have to be in before 5:00 PM IST on the closing day, and your UPI mandate needs to be approved by then as well.
Millworks Technologies Ltd. shares were listed on 21 Jul 2026 on BSE.
Purva Shareregistry (India) Pvt Ltd is the for the Millworks Technologies Ltd. IPO.
The registrar processes the , refunds and the credit of shares to your demat account, so allotment-status queries go to them — email busicomp@vsnl.com.
Millworks Technologies Ltd. IPO shares are listed on BSE.
Each Millworks Technologies Ltd. share has a of ₹10.
Face value is the nominal value recorded in the company's books and is separate from the issue price you pay.
held 65.08% of Millworks Technologies Ltd. before the IPO, which falls to 47.18% after the issue.
35,18,800 shares of Millworks Technologies Ltd. are being offered to the public in this issue.
The Millworks Technologies Ltd. IPO has been subscribed 193.14x overall — 194.05x, 159.24x and 216.46x.
figures update through the issue period until it closes.
- 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
GYR Capital Advisors Pvt Ltd. is the book running lead manager for the Millworks Technologies Ltd. IPO.
Pre-apply means placing your Millworks Technologies Ltd. application before the subscription window actually opens. The bid is held and forwarded to the exchange on the opening day, so you don't have to submit it in the rush of the first morning.
Applying early doesn't improve your chances — when an issue is oversubscribed, the for investors is decided by a lottery, not by who applied first. Your money is only blocked once the application reaches the exchange.
You can apply in the Millworks Technologies Ltd. IPO online using either UPI or ASBA as the payment method. ASBA applications are made through the net banking of a bank account that supports IPO applications — the bank blocks the amount in your account instead of debiting it. UPI applications are offered by brokers that don't provide banking services: you enter your UPI ID and then approve the mandate request in your UPI app.
Either route needs a demat account. You bid for at least one lot, at a price within the or at the cut-off price, and the money stays blocked in your bank account until the is finalised.
Your broker or bank confirms the bid once it has been submitted to the exchange, usually within a few minutes during the bidding window. A UPI application only goes live after you approve the mandate request — ignore it and the bid lapses, even though it looks placed.
You can check the Millworks Technologies Ltd. bid independently on the NSE or BSE IPO bid-verification page a day after applying. An ASBA application also shows up as a blocked amount in your bank statement.