Explore Millworks Technologies SME IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
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:
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:
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 |
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 |
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)
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.
| 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 |
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Purva Sharegistry (India) Private Limited
Phone: +91 022 4961 4132/3190 8810
Email: newissue@purvashare.com
Website: www.purvashare.com
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: cs@millworksindia.com