- Home/
- IPO
219.13x
subscribed
Millworks Technologies IPO
Engineering
listed
219.13x
subscribed
₹2.52LMin. investment
Millworks Technologies Limited IPO Details
Issue size
₹160Cr
IPO type
SME
Market Cap
₹583.05CrLower than sector avg
Price range
₹315 – ₹331
Listing ExchangeBSE
RevenueApr 20NaN - Mar 20FY
₹148.77CrLower than sector avg
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 20NaN - Mar 20FY
₹148.77CrLower than sector avg
Growth rate3Y CAGR
298%Higher than sector avg
Checklist
Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial
health at a glance and identify quality investment opportunities easily
Compare
Companies in this sectorObjectives
Working capital
50.80%
Capital Expenditure
38.10%
General corporate purposes
11.10%
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.
Millworks Technologies IPO Subscription Status
Latest News on Millworks Technologies IPO
Frequently asked questions
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.
