The three-day public offer of Millworks Technologies Limited will be open from July 14 to July 16, 2026, as the company through a book-built issue of Rs. 160.33 crores is sought to be collected.
In IPO Rs. 10 consisting of 48.44 lakh equity shares with a face value of Rs. 315 to Rs. 331 per share is in the range. Investors can bid for a minimum lot size of 400 equity shares. Following the issue, the company’s shares are expected to be listed on the BSE SME platform.
GYR Capital Advisors Pvt. Ltd. is serving as the Book Running Lead Manager for the issue, while East Share Registry (India) Pvt. Ltd. has been appointed as the Registrar.
About Millworks Technology
Headquartered in Bengaluru, Millworks Technologies Limited is a precision engineering company specializing in the manufacture of high-precision machined components, sheet metal parts, sub-assemblies and integrated assemblies.
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The company operates through build-to-print (BTP) and build-to-spec (BTS) manufacturing models, catering to demanding sectors such as aerospace, defense, railways and semiconductors.
With a focus on mission-critical applications, Millworks Technologies supplies components that adhere to strict Original Equipment Manufacturer (OEM) standards, positioning itself as a key player in industries where precision and reliability are essential.
Allotment of Equity Shares
Allotment of equity shares in IPO is divided among different investor categories. As many as 22,09,200 equity shares have been reserved for Qualified Institutional Buyers (QIBs), while not less than 6,63,600 equity shares will be allotted to Non-Institutional Investors (NIIs). Not less than 15,47,200 equity shares to Retail Individual Investors (RIIs) and 4,24,000 equity shares are reserved for market makers to ensure liquidity in the stock post listing.
The net proceeds from the issue are proposed to be utilized towards:
The Company intends to use the net proceeds from the IPO primarily to fund capital expenditures for the purchase of plant and machinery, to meet its working capital requirements and for general corporate purposes, to support its future growth and expansion plans.
Strong financial performance
Millworks Technology reported strong financial performance in FY26, underpinned by healthy revenue growth and strong profitability. During the financial year, the company made Rs. 148.77 crore revenue, Rs. 56.30 crore EBITDA and Rs. 37.06 crores was reported as profit after tax (PAT).
The company’s consistent financial performance, along with its presence in high-growth sectors such as aerospace, defense, railways and semiconductors, provide a strong foundation for the next phase of its growth as it prepares to enter the public markets through its BSE SME IPO.
With strong gray market traction, healthy financials and exposure to fast-growing sectors like defence, aerospace and semiconductors, the Millworks Technologies IPO is expected to be closely watched by SME market investors during its subscription period.
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