Millworks Technologies IPO
Millworks Technologies IPO Details
-
Open Date
14 Jul 2026
-
Close Date
16 Jul 2026
- IPO Price Range
₹ 315 to ₹331
- IPO Size
₹ 160.34 Cr
Millworks Technologies IPO Timeline
Last Updated: 09 July 2026 5:05 PM by 5paisa
Millworks Technologies Ltd. is a precision engineering company manufacturing high-accuracy machined components, sheet metal parts, and integrated assemblies for the aerospace, defence, railways, and semiconductor industries. The company operates under both Build-to-Print (BTP) and Build-to-Spec (BTS) models, delivering customised solutions for mission-critical applications. Its capabilities span precision machining, fabrication, sub-assemblies, and full-scope manufacturing, enabling it to serve customers with stringent quality, reliability, and performance requirements across diverse industrial sectors.
Established in: 2021
Managing Director: Mr. Sridhar Acharya
Peers:
Unimech Aerospace and
Manufacturing Ltd
Azad Engineering Ltd
Millworks Technologies Objectives
1. Funding capital expenditure of our company to purchase Plant and Machinery
2. Funding the working capital requirements of the company
3. General Corporate Purposes
Millworks Technologies IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹160.34 Cr |
| Offer For Sale | - |
| Fresh Issue | ₹160.34 Cr |
Millworks Technologies IPO Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 800 | 2,52,000 |
| Retail (Max) | 2 | 800 | 2,64,800 |
| S - HNI (Min) | 3 | 1,200 | 3,78,000 |
| S - HNI (Max) | 7 | 2,800 | 9,26,800 |
| B - HNI (Min) | 8 | 3,200 | 10,08,000 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Revenue | 1.77 | 9.39 | 22.10 |
| EBITDA | 0.45 | 2.78 | 7.89 |
| PAT | 0.33 | 1.95 | 5.25 |
| Particulars (In ₹ Crores) | FY23 | FY24 | FY25 |
| Total Assets | 3.79 | 10.64 | 40.84 |
| Share Capital | 0.05 | 0.05 | 0.05 |
| Total Liabilities | 3.79 | 10.64 | 40.84 |
| Cash Flows (₹ Crores) | FY23 | FY24 | FY25 |
| Net Cash Generated From / (used in) Operating Activities | -1.72 | 0.58 | -2.92 |
| Net Cash Generated From / (used in) Investing Activities | -0.48 | -2.69 | -9.86 |
| Net Cash Generated From / (used in) Financing Activities | 2.28 | 2.07 | 13.36 |
| Net Increase (Decrease) in Cash and Cash Equivalents | 0.07 | -0.04 | 0.58 |
Strengths
1. Strong expertise in precision engineering and machining.
2. Diversified presence across aerospace, defence, railways, semiconductors.
3. Proven quality standards with reliable on-time deliveries.
4. Experienced management team and skilled technical workforce.
Weaknesses
1. High working capital requirements affect operational flexibility.
2. Significant capital expenditure needed for advanced machinery.
3. Dependence on specialised tooling and precision infrastructure.
4. Limited scale compared with larger engineering competitors.
Opportunities
1. Rising defence and aerospace manufacturing investments globally.
2. Growing semiconductor equipment localisation drives component demand.
3. Government infrastructure projects support railway component growth.
4. Make in India initiative boosts domestic manufacturing.
Threats
1. Raw material price volatility impacts operating margins.
2. Intense competition pressures pricing and profitability levels.
3. Customer concentration increases dependence on key contracts.
4. Regulatory delays may affect project execution timelines.
1. Diversified exposure across high-growth industrial sectors.
2. Strong precision engineering and manufacturing expertise.
3. Benefits from government manufacturing and infrastructure initiatives.
4. Well-positioned for expanding export and domestic opportunities.
Millworks Technologies operates in high-growth precision engineering markets driven by increasing investments in aerospace, defence, railways, and semiconductor manufacturing. Government initiatives such as Make in India, defence indigenisation, and expanding rail infrastructure are creating strong demand for high-precision components. The company's diversified customer base, advanced manufacturing capabilities, and expertise in Build-to-Print and Build-to-Spec solutions position it well to benefit from rising domestic and global outsourcing opportunities.
- Companies
- Type
- Opening On
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SBI Funds Management
- Mainboard
- 14th Jul
- Pre-Book
-
Alpine Texworld
- Mainboard
- 14th Jul
- Pre-Book
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FAQs
Millworks Technologies IPO opens from July 14, 2026 to July 16, 2026.
The size of Millworks Technologies IPO is ₹160.34 Cr.
The price band of Millworks Technologies IPO is fixed at ₹315 to ₹331 per share.
To apply for Millworks Technologies IPO, follow the steps given below:
● Login to your 5paisa demat account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Millworks Technologies. IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Millworks Technologies IPO is of 800 shares and the investment required is ₹2,52,000.
The share allotment date of Millworks Technologies IPO is July 17,2026
The Millworks Technologies IPO will likely be listed on July 21, 2026.
GYR Capital Advisors Pvt.Ltd is the book running lead managers for Millworks Technologies IPO.
Millworks Technologies IPO plans to utilise the raised capital from the IPO for:
1. Funding capital expenditure of our company to purchase Plant and Machinery
2. Funding the working capital requirements of the company
3. General Corporate Purposes