Millworks Technologies Ltd. IPO

Millworks Technologies Ltd., established in 2021, operates in the Engineering - Heavy sector. The company's IPO is currently open, starting on July 14, 2026 and closing on July 16, 2026, with an issue price of ₹331. The Millworks Technologies Ltd. IPO is a book-built issue of ₹160.34 Cr, with a price band of ₹315 to ₹331 per share. The issue includes a total of 48.44 Lakh shares on offer. The shares will be listed on NSE SME on July 21, 2026.
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Min Investment
₹ 1,32,400 / 400 shares
Price Range
₹315 - ₹ 331
Bidding Dates
14 Jul '26 - 16 Jul '26
Total Issue Value
160.34 Cr
Lot Size
400
Total Issue Size
160.34 Cr
Listing At
NSE SME

IPO Timeline

  • 14 Jul 2026
    Bidding Starts
  • 16 Jul 2026
    Bidding Ends
  • 17 Jul 2026
    Allotment Finalization
  • 21 Jul 2026
    Listing

About Millworks Technologies Ltd.

We are a precision engineering company specializing in manufacturing machined components, sheet metal parts, and integrated assemblies for mission-critical applications across the railways, aerospace, defence, and semiconductor sectors. Our operations follow both Build to Print (BTP) and Build to Spec (BTS) engagement models, covering full-scope manufacturing and job-work assignments. Under BTP, we manufacture strictly as per customer drawings and technical specifications, while under BTS, we produce components based on defined functional and performance requirements. This dual approach enables us to meet diverse customer needs through precise design adherence and collaborative, performance-driven manufacturing solutions, supporting reliable, scalable, and high-quality production outcomes.

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Parent organisation
Founded
Millworks Technologies Ltd.
2021

Millworks Technologies Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 13,25,200 (27.36%)
Market Makers 4,24,000 (8.75%)
Non Institutional Investors 6,63,600 (13.7%)
Qualified Institutional Buyers (QIBs) 8,84,000 (18.25%)
Retail Individual Investors (RIIs) 15,47,200 (31.94%)

Millworks Technologies Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2026 153.40 Cr 37.14 Cr 69.90 Cr
31 Mar 2025 22.42 Cr 5.25 Cr 23.26 Cr
31 Mar 2024 9.40 Cr 1.95 Cr 2.28 Cr

Millworks Technologies Ltd. Background

Major Events And Milestones
  • 2021
    Incorporation of the Company
  • 2024
    Established Unit 2 at B – 165, 4th Main,Peenya 2nd Stage Bangalore – 56
  • 0058
    Established Unit 3 at Plot No. 270/2, 3rd Main Road, 4th phase, Peenya Industrial Estate, Peenya Banagalore – 560058
  • 2025
    Established Unit 4 at No 77/1, Binnamangala Arisirakante, Village Next to Paragon Factory, Nelamangala, Bangalore 56
  • 2123
    Conversion of the Company from Private Limited to Public Limited Company
    Initiated Acquisition of M/s. Universal Automobile and Dairy Products partnership firm as part of its business line expansion strategy
    Initiated Acquisition of M/s. Hindustan Spring Mfg partnership firm for expansion of business line as part of its business line expansion strategy
Millworks Technologies Ltd. Object of Issues

1. Funding capital expenditure of our company to purchase Plant and Machinery
2. Funding of the working capital requirement of our Company
3. General corporate purposes

Millworks Technologies Ltd. IPO Listing Details
Listing Date
21 Jul 2026
ISIN
INE1SRC01010
Final Issue Price
₹ 331
Millworks Technologies Ltd. Company Promoters

1. Mr. Sridhar Acharya
2. Mr. H K Madhu
3. Mrs. Sowmya Madhu
4. Mrs. Rashmi Sridhar Acharya

Industry Overview

The global aerospace and defense market is growing steadily, rising from $820.67 billion in 2024 to $875.37 billion in 2025 at a 6.7% CAGR, driven by air travel demand, higher military spending, and advanced defense technologies, with North America leading growth. India’s semiconductor ... Read more

Millworks Technologies Ltd. IPO Registrar
Purva Sharegistry (India) Pvt. Ltd.
9, Shiv Shakti Industrial Estate, J R Boricha Marg, Off N M Joshi Marg, Near Lodha Excelus, Lower Parel (E) Mumbai Maharashtra - 400011
23018261, 23016761
Millworks Technologies Ltd. IPO Lead Manager(s)
GYR Capital Advisors Pvt. Ltd.
428, Gala Empire, Near JB Tower, Drive in Road, Thaltej, Ahmedabad Gujarat - 380054
8777564648

FAQs

When does Millworks Technologies Ltd. IPO opens and closes?

Millworks Technologies Ltd. IPO opens from 14th July to 16th July 2026.

What is the size of Millworks Technologies Ltd. IPO?

The size of the Millworks Technologies Ltd. IPO is ₹160.34 Cr.

What is the price range of Millworks Technologies Ltd. IPO?

The price range of Millworks Technologies Ltd. IPO is at ₹315 to ₹331 per share.

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

The minimum investment required is ₹1,32,400 and minimum lot size is 400 shares.

When is Millworks Technologies Ltd. IPO listing date?

The Millworks Technologies Ltd. IPO will be listed on 21st July 2026.

What is the objective of Millworks Technologies Ltd. IPO?

1. Funding capital expenditure of our company to purchase Plant and Machinery
2. Funding of the working capital requirement of our Company
3. General corporate purposes

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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