IPO Snapshot
 
Millworks Technologies Ltd.
Issue Open Date 14-Jul-26  
Issue Closing Date 16-Jul-26  
Application Money 100  
Allotment Money  
Price Band 315 - 331  
Minimium Application No. 800  
Issue Size (Shares) 4844000  
Market Lot 1  
Objective
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
Category No. of Shares No. of Shares Subscription Ratio
  Offered / Reserved Bid For  
Non-Institutional Investors        
Qualified Institutional Buyers        
Retail Individual Investors        
Business Description:
We are a precision engineering company engaged in the manufacture of machined components, sheet metal parts, and integrated assemblies used in mission-critical applications across the railways, aerospace, defence, and semiconductor sectors. Our operations are undertaken under Build-to-Print (BTP) and Build-to-Spec (BTS) engagement models and include both full-scope manufacturing as well as job-work arrangements. Under the BTP (Build-to-Print) model, manufacturing is carried out in accordance with customerprovided drawings and technical specifications, while under the BTS (Build-to-Spec) model, customers specify functional and performance requirements and our Company undertakes manufacturing to meet such specifications. This dual model enables us to support a diverse array of customer needs from strict adherence to design intent to more collaborative, performance-driven development. Incorporated in 2021, our Company has developed into a multi-vertical engineering enterprise with manufacturing capabilities spanning precision machining, sheet metal fabrication, sub-assembly, and related processes. We primarily supply to Original Equipment Manufacturers (OEMs) Our quality systems and process controls are designed to meet rigorous industry standards, ensuring that every component and assembly we supply performs reliably in the most demanding environments. As of November 30, 2025, we operate four manufacturing facilities located in Bengaluru, Karnataka. Unit-I located at No. 458/1, 10th A Cross, 4th Phase, Peenya Industrial Estate, Peenya, Bangalore 560058. Unit- 2 Located at B - 165, 4th Main, Peenya 2nd Stage, Bangalore - 560058. Unit-3 Located at Plot No. 270/2, 3rd Main Road, 4th Phase, Peenya Industrial Estate, Peenya, Bangalore – 560058 and Unit-4 Located at No.77/1, Binnamangala Arisinakunte, Village, next to paragon Factory, Nelamangala, Bangalore562123.Our facilities are equipped with CNC (Computer numerical control) machining centres, including 3-axis, 4-axis, and 5-axis machines, CNC (Computer numerical control) turning and turn-mill centres, wire EDM machines, fibre laser cutting systems, CNC (Computer numerical control) press brakes, welding equipment, and designated areas for assembly and inspection.
Promoter's Holding
Total Share Capital   8311149  
Offered to Public   4844000  
Promoter's Holding (Pre-Issue)   65.08  
Promoter's Holding (Post-Issue)    
Address
No.458/1
10th A Cross
Phase-4
Peenya Industrial Area
Peenya Small Industries
Bangalore North
Bengaluru ,
Karnataka ,
560058
Phone : 9187045959
Email : cs@millworksindia.com
Website : https://millworksindia.com/
Registrar
Purva Shareregistry (India) Pvt Ltd
33 Printing House
28 D Police Court Lane
Behind Old Handloom House
Fort
Mumbai
Listed at
BSE
Lead Manager
GYR Capital Advisors Pvt Ltd.
Promoters
H K Madhu
Rashmi Sridhar Acharya
Sowmya Madhu
Sridhar Acharya