Millworks Technologies Ltd

·

₹331.00 Issue Price

2026-07-14 – 2026-07-16

millworksindia.com Bookbuilding IPO · BSE SME

Open Date

2026-07-14

Close Date

2026-07-16

Listing Date

2026-07-21

Allotment Date

2026-07-17

Current Price

₹331.00

High / Low

₹— / ₹—

ROCE

56.44 %

ROE

69.94 %

Face Value

₹10

About

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 t…

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:Aerospace: Precision-machined components and sub-assemblies used in aero-engine applications.Defense: Machined components and sub-assemblies such as missile airframe components, guidance system housings, structural brackets and mounts, and hydraulic cylinder parts, etc.Railways: Precision components used in train control and rolling stock infrastructure, and manufacturing components for train and metro door systems, including parts used in door mechanisms and actuators.Semiconductor Machinery: precision-engineered components and fixtures used in semiconductor manufacturing and testing equipment, such as machine base frames, precision brackets and mounts, alignment plates, and equipment housings, etc.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:Precision Engineering Capability and Manufacturing of Complex Components Across Diverse MaterialsCertified Quality Management Systems Supporting ProcessComprehensive Manufacturing InfrastructureGlobal Customer Relationships and Export-Oriented Business OperationsStructured Research and Development FunctionExperienced Management and Skilled Technical WorkforceStrong order book of Rs 9,594.45 lakhs (As of Jan 10, 2026)

📍 No.458/1, 10th a Cross, Phase-4, Peenya Industrial Area, Peenya Small Industries…

📞 +91 9187045959

✉️ cs@millworksindia.com

Analysis

Pros

ROE of 69.94% indicates good return on equity.
ROCE of 56.44% shows efficient capital usage.
PAT margin of 24.91%.

Cons

Trading at 5.1× book value.

Pros and cons are machine generated. Please exercise caution and do your own analysis.

Subscription Status

Consolidated figures

116.14× overall

Metric	QIB	NII (HNI)	Retail	Total
Subscription	24.00×	171.28×	145.14×	116.14×
Shares	8,84,000	6,63,600	15,47,200	30,94,800
Bids	2,12,15,600	11,36,60,400	22,45,68,000	35,94,44,000

▼ Category-wise Detailed Breakdown

Category	Subscription	Offered	Bid Shares	Amt (₹ Cr)
QIB	24.00×	8,84,000	2,12,15,600	₹702.24
NII (HNI)	171.28×	6,63,600	11,36,60,400	₹3,762.16
Retail	145.14×	15,47,200	22,45,68,000	₹7,433.20
Market Maker	1.00×	4,24,000	4,24,000	₹14.03
Total	116.14×	30,94,800	35,94,44,000	₹11,911.63 Cr

Applications: - Total Bid Amount: ₹11,911.63 Cr

Profit & Loss

Figures in ₹ Crores / Amount in ₹ Crore

Metric	30 Nov 2025	31 Mar 2025	31 Mar 2024
Revenue	68.02	22.42	9.40
EBITDA	30.69	7.89	2.78
Profit After Tax	20.50	5.25	1.95
Net Worth	56.82	23.32	2.33
Total Assets	115.83	40.84	10.64
Reserves	56.76	23.26	2.28
Borrowings	16.67	9.63	4.57

Sales Growth
3 Years:	-86.2%
Latest:	9.40 Cr

Profit Growth
3 Years:	-90.5%
Latest PAT:	1.95 Cr

Return on Equity
ROE:	69.94%
ROCE:	56.44%

Key Financial Ratios

Profitability

ROE 69.94%

ROCE 56.44%

RONW 44.83%

PAT Margin 24.91%

EBITDA Margin 36.71%

Valuation

Pre EPS 4.11

Post EPS 17.45

Pre P/E 80.48×

Post P/E 18.96×

P/BV 5.11×

Leverage & Growth

Debt / Equity 0.21×

Sales Growth (3yr) -86.2%

Profit Growth (3yr) -90.5%

Latest Revenue 9.40 Cr

Latest PAT 1.95 Cr

Objects of the Issue

1 Funding capital expenditure of our company to purchase Plant and Machinery ₹61.03 Cr

2 Funding the working capital requirements of the company ₹87.00 Cr

3 General Corporate Purposes

IPO Schedule & Important Dates

IPO Open

2026-07-14

Done ✓

IPO Close

2026-07-16

Today ←

Allotment

2026-07-17

Upcoming

Refund

2026-07-20

Upcoming

Demat Credit

2026-07-20

Upcoming

Listing

2026-07-21

Upcoming

Lot Size & Investment Details

RETAIL MIN

₹132,400

1 lot · 400 shares

RETAIL MAX

₹264,800

2 lots · 800 shares

HNI MIN

₹397,200

3 lots

Category	Lots	Shares	Amount (₹)
Retail (Min)	400	400	₹132,400
Retail (Max)	2	800	₹264,800
HNI (Min)	3	1200	₹397,200

Pre-Issue Holding: 1,27,70,755 shares Post-Issue Holding: 1,76,14,755 shares

Lead Managers & Market Makers

Book Running Lead Managers

GYR Capital Advisors Pvt.Ltd

Market Makers

Pace Stock Broking Services Pvt.Ltd.

Allotment Status

Allotment Date: 2026-07-17

Registrar: Purva Sharegistry (India) Pvt.Ltd

Check Allotment

022-41343255

newissue@purvashare.com

https://www.purvashare.com/investor-service/ipo-query