Comparison between Millworks Technologies IPO and Susan Electricals India IPO.
Millworks Technologies IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Susan Electricals India IPO is a SME Bookbuilding proposed to list at BSE SME.
| Millworks Technologies IPO | Susan Electricals India IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | GYR Capital Advisors Pvt.Ltd. | Seren Capital Pvt.Ltd. |
| Registrar | Purva Sharegistry (India) Pvt.Ltd. | Mudra RTA Ventures Private Limited |
| Market Maker | Pace Stock Broking Services Pvt.Ltd. | Mansi Share & Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Millworks Technologies IPO is up to ₹146.30 Cr whereas the issue size of the Susan Electricals India IPO is up to ₹64.57 Cr. The final issue price of Millworks Technologies IPO is ₹331.00 per share and of Susan Electricals India IPO is ₹127.00 per share.
| Millworks Technologies IPO | Susan Electricals India IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹315.00 per share | ₹120.00 per share |
| Issue Price (Upper) | ₹331.00 per share | ₹127.00 per share |
| Issue Price (Final) | ₹331.00 per share | ₹127.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 400 shares | 1000 shares |
| Fresh Issue Size | 44,20,000 shares | 42,84,000 shares |
| Fresh Issue Size (Amount) | up to ₹146.30 Cr | up to ₹54.41 Cr |
| OFS Issue Size | 0 shares | 8,00,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹10.16 Cr |
| Issue Size Total | 44,20,000 shares | 50,84,000 shares |
| Issue Size Total (Amount) | up to ₹146.30 Cr | up to ₹64.57 Cr |
Millworks Technologies IPO opens on Jul 14, 2026, while Susan Electricals India IPO opens on Jun 11, 2026. The closing date of Millworks Technologies IPO and Susan Electricals India IPO is Jul 16, 2026, and Jun 15, 2026, respectively.
| Millworks Technologies IPO | Susan Electricals India IPO | |
|---|---|---|
| Anchor Bid Date | Jul 13, 2026 | Jun 10, 2026 |
| Issue Open | Jul 14, 2026 | Jun 11, 2026 |
| Issue Close | Jul 16, 2026 | Jun 15, 2026 |
| Basis Of Allotment (Tentative) | Jul 17, 2026 | Jun 16, 2026 |
| Initiation of Refunds (Tentative) | Jul 20, 2026 | Jun 17, 2026 |
| Credit of Share (Tentative) | Jul 20, 2026 | Jun 17, 2026 |
| Listing date (Tentative) | Jul 21, 2026 | Jun 18, 2026 |
| Anchor Lockin End date 1 | Aug 16, 2026 | Jul 16, 2026 |
| Anchor Lockin End date 2 | Oct 15, 2026 | Sep 14, 2026 |
Millworks Technologies IPO P/E ratio is 11.4, as compared to Susan Electricals India IPO P/E ratio of 10.85.
| Millworks Technologies IPO | Susan Electricals India IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated)Millworks Technologies Ltd.'s revenue increased by 584% and profit after tax (PAT) rose by 606% between the financial year ending with March 31, 2026 and March 31, 2025.
| Company Financials (Restated)Susan Electricals India Ltd.'s revenue increased by 98% and profit after tax (PAT) rose by 223% between the financial year ending with March 31, 2026 and March 31, 2025.
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| Promoter Shareholding (Pre-Issue) | 65.08 | 92.47 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 47.18 | 66.97 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.4 | 10.85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹583.05 Cr. | ₹258.20 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 69.94 | 64.64 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 56.44 | 29.05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.21 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹29.02 | ₹11.70 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 44.83 | 47.42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Millworks Technologies IPO Retail Individual Investors (RII) are offered 15,47,200 shares while in Susan Electricals India IPO retail investors are offered 15,47,200 shares. Qualified Institutional Buyers (QIB) are offered 8,84,000 shares in Millworks Technologies IPO and 10,16,000 shares in Susan Electricals India IPO.
| Millworks Technologies IPO | Susan Electricals India IPO | |
|---|---|---|
| Anchor Investor Reservation | 13,25,200 shares | 15,23,000 shares |
| Market Maker Reservation | 4,24,000 shares | 4,58,000 shares |
| QIB | 8,84,000 shares | 10,16,000 shares |
| NII | 6,63,600 shares | 7,65,000 shares |
| RII | 15,47,200 shares | 17,80,000 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 44,20,000 shares | 50,84,000 shares |
Millworks Technologies IPO subscribed 153.72x in total, whereas Susan Electricals India IPO subscribed 151.74x.
| Millworks Technologies IPO | Susan Electricals India IPO | |
|---|---|---|
| QIB (times) | 194.05x | 142.65x |
| NII (times) | 260.37x | 336.00x |
| Big NII (times) | 289.84x | 389.07x |
| Small NII (times) | 201.44x | 229.86x |
| RII (times) | 216.60x | 207.56x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 153.72x | 151.74x |
