Minimum Investment
About Company
Company Name: Millworks Technologies Limited
Industry / Sector: Heavy Electrical Equipment
Founded Year: Not specified
Promoters: Not specified
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.
IPO Basic Details
| Company Name | Millworks Technologies Limited |
| IPO Type | SME IPO |
| Price Band | ₹315 – ₹331 |
| Lot Size | 400 Shares (Retail Application minimum size is 2 Lots / 800 Shares) |
| Total Issue Size | 48,44,000 Equity Shares (₹160.34 Cr) |
IPO Strengths & Risks
Strengths
- Niche expertise inside highly technical, mission-critical sectors like defense and semiconductor manufacturing.
- Robust client domain trust covering diversified industrial verticals.
- High-growth performance track record displaying extensive top-line scale over recent years.
Risks
- Heavy reliance on technological precision updates and raw engineering talent acquisition.
- Vulnerability to sector-specific macro demand shocks within capital equipment environments.
IPO Important Dates
| IPO Open Date | 14 Jul 2026 |
| IPO Close Date | 16 Jul 2026 |
| Basis of Allotment | 17 Jul 2026 |
| Refund Initiation | 20 Jul 2026 |
| Demat Credit Date | 20 Jul 2026 |
| Listing Date | 21 Jul 2026 |
| Anchor Investor Date | - |
| UPI Mandate Deadline | - |
IPO Objectives
- Capital expenditure for machinery and equipment – -
- Funding working capital requirements – -
- Debt repayment – -
- General corporate purposes – Balance Amount
Investor Reservation
| QIB Quota | 22,09,200 shares (45.61% of the Issue) |
| Retail Quota | 15,47,200 shares (31.94% of the Issue) |
| HNI Quota | - |
| Employee Quota | - |
| Shareholder Quota | - |
| Anchor Investor Allocation | - |
Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lots | 800 | ₹2,64,800 |
| Retail Maximum | 2 Lots | 800 | ₹2,64,800 |
| S-HNI Minimum | 3 Lots | 1200 | ₹3,97,200 |
| S-HNI Maximum | 7 Lots | 2800 | ₹9,26,800 |
| B-HNI Minimum | 8 Lots | 3200 | ₹10,59,200 |
Key Performance Indicators (KPI)
| ROE | 40.96% (Pre-IPO) |
| ROCE | 23.03% (Pre-IPO) |
| RoNW | - |
| PAT Margin | 24.16% (FY2026 based on restated tables) |
| EBITDA Margin | 36.70% (FY2026 based on restated tables) |
| EPS | ₹29.02 (Pre-IPO) / ₹21.04 (Post-IPO) |
| NAV per share | - |
| Debt to Equity | 0.41 (Pre-IPO) |
| P/E Ratio | - |
| Industry P/E | - |
Company Financial Data
| Period | Assets | Total Income | PAT | EBITDA | Net Worth | Borrowings |
|---|---|---|---|---|---|---|
| FY2026 (31 Mar 2026) | ₹198.37 Cr | ₹153.40 Cr | ₹37.06 Cr | ₹56.30 Cr | ₹82.67 Cr | ₹17.02 Cr |
| FY2025 (31 Mar 2025) | ₹39.82 Cr | ₹22.42 Cr | ₹5.25 Cr | ₹7.89 Cr | ₹23.31 Cr | ₹9.63 Cr |
| FY2024 (31 Mar 2024) | ₹10.54 Cr | ₹9.40 Cr | ₹1.95 Cr | ₹2.78 Cr | ₹2.33 Cr | ₹4.57 Cr |
Grey Market Premium
| GMP Price | ₹350 |
| Kostak Rate | Not Available |
| Subject to Sauda | Not Available |
| Last Updated | Jul 2026 |
| Estimated Listing Price | ₹681 |
IPO Subscription Data
| Total Subscription | Pending |
| QIB (Ex Anchor) | Pending |
| HNI Subscription | Pending |
| Retail Subscription | Pending |
| Anchor | - |
IPO Intermediaries
Registrar: Purva Sharegistry (India) Pvt.Ltd.
Registrar Website: https://www.purvashare.com
IPO Lead Manager(s)
Company Information
Address: No.458/1, 10th A Cross, Phase-4, Peenya Industrial Area, Peenya Small Industries, Bangalore Urban, Karnataka, 560058
Website: https://millworksindia.com/
Email: cs@millworksindia.com
Phone: +91 9187045959
IPO Documents
Frequently Asked Questions (FAQ)
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