219.13xsubscribed
Millworks Technologies IPO
219.13xsubscribed
Engineering
listed
219.13xsubscribed
₹2.52LMin. investment
Millworks Technologies Limited IPO Details
Sector
Engineering
Issue size
₹160Cr
IPO type
SME
Market cap
₹583.05CrLower than sector avg
Price range
₹315 – ₹331
Listing exchange
BSE
RevenueApr 2025 - Mar 2026
₹148.77CrLower than sector avg
Listing date
21 Jul 2026
Lot size
400 shares
Red Herring Prospectus
Read
Growth rate3Y CAGR
298%Higher than sector avg
SectorEngineering
Price range₹315 – ₹331
IPO type
SME
Lot size400 shares
Issue size₹160Cr
Red Herring Prospectus
Read
Market cap
₹583.05CrLower than sector avg
RevenueApr 2025 - Mar 2026
₹148.77CrLower than sector avg
Growth rate3Y CAGR
298%Higher than sector avg
Millworks Technologies IPO Subscription Status
As on 14-Jul-26, 5:30 PM
Millworks Technologies IPO Timeline
- Pre-apply13 Jul 2026
- Bid start14 Jul 2026
- Bid end16 Jul 2026
- Allotment17 Jul 2026
- Release of funds20 Jul 2026
- Demat transfer20 Jul 2026
- Listing21 Jul 2026
About Millworks Technologies Limited
Incorporated in 2021, Millworks Technologies is a precision engineering company that manufactures machined components, sheet metal parts, and integrated assemblies which are used in critical applications across the railway, aerospace, defence, and semiconductor industries.
The company supplies components and assemblies to Original Equipment Manufacturers (OEMs) operating in high-precision engineering sectors. It works under both Build-to-Print (BTP) and Build-to-Spec (BTS) models. Under the BTP model, it manufactures products as per customer drawings, while under the BTS model, it works closely with customers to develop products that meet specific performance requirements. It also undertakes both full-scale manufacturing and job-work assignments which allows it to cater to a wide range of customer requirements.
Millworks Technologies operates four manufacturing facilities as of March 2026, all located in Bengaluru, Karnataka. The company operates in major sectors: Defence, Railways, Semiconductor and Aerospace. For the aerospace industry, it manufactures components such as turbochargers, fuel filters, turbine blades and nozzle components used in aero engines. Its defence portfolio includes missile airframe components, guidance system housings, structural brackets, hydraulic cylinder parts, as well as drone-related products including structural frames, motor housings, and BLDC motor stators and rotors.
For railway applications, it manufactures components used in braking systems, train and metro door systems, couplers and pantograph systems. In the semiconductor machinery segment, it supplies machine base frames, precision brackets, alignment plates, equipment housings, and chip handling and load-testing fixtures. The Defence segment generated ₹10,325.82 lakhs, accounting for 69.43% of total revenue in FY26, compared with 6.81% in FY25, followed by Railway business at 23.65%.
During FY26, exports accounted for 27.47% of revenue from operations. The Company supplied products to customers across 9 countries, including Canada, the USA, Israel, Germany, France, North Macedonia, Italy, the UK and the Czech Republic, mainly serving the aerospace and semiconductor machinery industries. Among overseas markets, Israel contributed 22.39% of total revenue from operations in FY26, making it the largest export destination. The Company served 74 customers in FY26, compared with 46 customers in FY25 and 40 customers in FY24. Repeat customers accounted for 44.59% of the total customer base in FY26. As of June 5, 2026, the Company had a pending order book worth ₹6,062.44 lakhs.
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Objectives of Millworks Technologies Limited IPO
Working capital
50.80%
Capital Expenditure
38.10%
General corporate purposes
11.10%
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Millworks Technologies IPO Contact Details
Company NameMillworks Technologies Limited
How to apply for Millworks Technologies IPO?
- Step 1
Log in to your Upstox account to access IPO investments. Next, select the current IPO section.
- Step 2
Specify IPO details. Enter the number of lots and the price you wish to apply for.
- Step 3
Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4
Mandate Notification. Your UPI app will receive a mandate notification to block funds.
- Step 5
Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.
Latest News on Millworks Technologies Limited IPO
Millworks Technologies Limited IPO FAQs
How to invest in the Millworks Technologies IPO ?
Investors can apply for the Millworks Technologies IPO through their Demat account via the stock exchange or through their broker.
What is the issue size of Millworks Technologies IPO ?
The issue size of the Millworks Technologies IPO is 160 Cr.
What is 'pre-apply' for Millworks Technologies IPO ?
Pre-applying for an IPO allows you to submit your application before the official subscription period begins.
Which exchanges will Millworks Technologies IPO shares list on?
The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
What are the open and close dates of the Millworks Technologies IPO ?
Millworks Technologies IPO will be open between 2026-07-14 and 2026-07-16.
What is the allotment date for the Millworks Technologies IPO ?
Millworks Technologies IPO allotment date is 2026-07-20. For Millworks Technologies IPO allotment status check, you can visit the website of the registrar of the IPO.
Who is the registrar of Millworks Technologies IPO ?
For Millworks Technologies IPO, the IPO registrar is PURVA SHAREGISTRY (INDIA) PVT. LTD.. You can check Millworks Technologies IPO allotment status on the website of the registrar.
Where is the Millworks Technologies IPO getting listed?
The shares are proposed to be listed on the BSE and NSE.
When will Millworks Technologies IPO shares be credited to your demat account?
The Millworks Technologies IPO shares will typically be credited to your demat account one working day before the IPO's listing date, provided your application is successfully allotted.
What is the lot size and minimum order quantity of the Millworks Technologies IPO ?
The Millworks Technologies IPO lot size is 400 and minimum order quantity is 800.
What is the price band for the Millworks Technologies IPO ?
Millworks Technologies IPO has set the price band for its IPO at 331 per equity share with a face value of 10.
