Millworks Technologies SME

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Millworks Technologies SME IPO Details, Financials, Valuation & Peers

By IPOBase

• Last Updated on Jul 21, 2026
  
  

Explore Millworks Technologies SME IPO details, including IPO dates, financial statements, valuation, peer comparison and more.

Status

Listed

Biding Dates

14 Jul - 16 Jul 2026

Price Range

₹315 - ₹331

Min Investment

₹1,32,400

Lot Size

400 shares

Issue Size

₹160.34 crore

Overview

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)
  
  

IPO Docs

• DRHP
  
  

Objects of the Issue

• Funding capital expenditure of our company to purchase Plant and Machinery
• Funding the working capital requirements of the company
• General Corporate Purposes
• Total
  
  

IPO Details

Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.

Fields Details IPO Dates 14 Jul - 16 Jul 2026 IPO Price Band ₹315 - ₹331 per share Fresh Issue ₹146.30 crore Offer For Sale NIL Total IPO Size ₹160.34 crore Face Value ₹10 Listing On BSE SME

IPO Timeline

Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.

Event Date IPO Opening Date 14 Jul 2026 IPO Closing Date 16 Jul 2026 Basis Of Allotment 17 Jul 2026 Refunds 20 Jul 2026 Demat Transfer 20 Jul 2026 IPO Listing Date 21 Jul 2026

Financial Statements

Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.

Period Ended 31 Mar 2023 31 Mar 2024 31 Mar 2025 30 Nov 2025 Assets 3.79 10.64 40.84 115.83 Total Income 1.78 9.40 22.42 68.02 Profit After Tax 0.33 1.95 5.25 20.50 EBITDA 0.45 2.78 7.89 30.69 NET Worth 0.38 2.33 23.32 56.82 Reserves and Surplus 0.33 2.28 23.26 56.76 Total Borrowing 2.30 4.57 9.63 16.67

• NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
  
  

Peer Comparison

Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.

Name P/E EPS RoNW NAV Millworks Technologies Ltd. 10.79 30.67 44.83% 64.73 Azad Engineering Ltd 96.45 20.57 8.74% 236.74 Unimech Aerospace and Manufacturing Ltd 87.87 12.42 8.58% 144.99

• Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
  
  

IPO Reservation

Investor Type Shares Offered Qualified Institutional Buyer (QIB) Not more than 50% of the Net Issue Non-Institutional Investor (NII/HNI) Not less than 15% of the Net Issue Retail Individual Investor (RII) Not less than 35% of the Net Issue

Subscription Data from NSE and BSE

Investor Type Subscribed Qualified Institutional Buyer (QIB) 194.05 Non-Institutional Investor (NII/HNI) 260.37 Retail Individual Investor (RII) 216.6 Total 219.54

• All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
  
  

IPO Registrar

Purva Sharegistry (India) Private Limited

Phone: +91 022 4961 4132/3190 8810

Email: [email protected]

Website: www.purvashare.com

Lead Managers

• 1GYR Capital Advisors Pvt.Ltd.
  
  

Company Address

Millworks Technologies Ltd.No.458/1, 10th a Cross, Phase-4,

Peenya Industrial Area, Peenya Small Industries

Bangalore Urban, Karnataka – 560058

Website: https://millworksindia.com/

Phone: +91 9187045959

Email: [email protected]

FAQs

• What is the issue size of the Millworks Technologies SME IPO?
  
  

The Millworks Technologies SME IPO has an issue size of ₹160.34 crore. This includes a fresh issue of ₹146.30 crore and an offer for sale (OFS) of NIL.

• What is the price band of the Millworks Technologies IPO?
  
  

The price band for the Millworks Technologies IPO is ₹315 - ₹331 per share.

• What are the bidding dates for the Millworks Technologies IPO?
  
  

The Millworks Technologies IPO will open for bidding on 14 Jul 2026 and close on 16 Jul 2026.

• What is the allotment date for the Millworks Technologies IPO?
  
  

The allotment date for the Millworks Technologies IPO is 17 Jul 2026.

• What is the minimum lot size and investment required for the Millworks Technologies IPO?
  
  

The minimum lot size for the Millworks Technologies IPO is 400 shares and the minimum investment required is ₹1,32,400.

• What is the listing date for the Millworks Technologies IPO?
  
  

The listing date for the Millworks Technologies IPO is 21 Jul 2026.

• What is the Millworks Technologies IPO grey market premium?
  
  

The grey market premium (GMP) for the Millworks Technologies IPO is currently at ₹395, with an expected listing gain of approximately 119.34%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.

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