Bookbuilding IPO | ₹[.] Cr | Listing at BSE SME |
Millworks Technologies Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on February 16, 2026 to raise funds through Initial Public Offer (IPO).
Millworks Technologies Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.50 crore equity shares.
The equity shares are proposed to be listed on the BSE SME. GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Millworks Technologies IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 50,00,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 50,00,000 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 1,27,70,755 shares |
| Share Holding Post Issue | 1,77,70,755 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Feb 16, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII Shares Offered | Not less than 15% of the Net Issue |
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:
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:
| Period Ended | 30 Nov 2025 | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|---|
| Assets | 115.83 | 40.84 | 10.64 | 3.79 |
| Total Income | 68.02 | 22.42 | 9.40 | 1.78 |
| Profit After Tax | 20.50 | 5.25 | 1.95 | 0.33 |
| EBITDA | 30.69 | 7.89 | 2.78 | 0.45 |
| NET Worth | 56.82 | 23.32 | 2.33 | 0.38 |
| Reserves and Surplus | 56.76 | 23.26 | 2.28 | 0.33 |
| Total Borrowing | 16.67 | 9.63 | 4.57 | 2.30 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure of our company to purchase Plant and Machinery | 61.03 |
| 2 | Funding the working capital requirements of the company | 87.00 |
| 3 | General Corporate Purposes | |
| Total | 148.03 |
| KPI | Nov 30, 2025 | Mar 31, 2025 |
|---|---|---|
| ROE | 51.15% | 40.96% |
| ROCE | 42.24% | 23.03% |
| Debt/Equity | 0.29 | 0.41 |
| RoNW | 36.07% | 22.53% |
| PAT Margin | 31.19% | 23.77% |
| EBITDA Margin | 45.13% | 35.20% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 65.08% |
Purva Sharegistry (India) Pvt.Ltd.
Lead Manager Reports
Millworks Technologies IPO is a SME IPO of 50,00,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Millworks Technologies IPO open and close dates are not available as of now.
Purva Sharegistry (India) Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Millworks Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Millworks Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Millworks Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Millworks Technologies IPO dates are not announced. Please check back again after some time.
Millworks Technologies IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Millworks Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Millworks Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Millworks Technologies IPO allotment status.
The Millworks Technologies IPO listing date is not yet announced. The tentative date of listing is .
