Millworks Technologies Limited IPO

Millworks Technologies Limited IPO

Aerospace & Defence

sme

Bidding period

14 Jul 2026 - 16 Jul 2026

Bid price

₹315.00 - ₹331.00

Listing on

BSE-SME

Listing date

21 Jul 2026

Lot size

400 shares

Issue size

₹160.34 crore


Minimum investment

₹2,64,800.00 / 2 lot

Maximum investment

₹2,64,800.00 / 2 lot

Bidding closed on 16 Jul 2026

Open Demat Account
Open Demat Account

Millworks Technologies Limited IPO dates

IPO opening date

14 Jul 2026

IPO end date

16 Jul 2026

Allotment date

17 Jul 2026

Initiation of refunds

20 Jul 2026

Credit of shares to demat

20 Jul 2026

IPO listing date

21 Jul 2026

Millworks Technologies Limited IPO financials

Particulars

For the period ending in March 2026 (in ₹ million)

Total assets ₹198.37
Total liabilities ₹198.37
Total expenditure ₹103.10
Total revenue ₹153.40
Profit after tax ₹37.06
EBITDA ₹56.58
Adjusted EBITDA ₹0.00

Millworks Technologies Limited shareholder pattern

Pre-issue Post-issue
Promoter group 65.08 47.19
Public group 34.92 52.81

Millworks Technologies Limited strengths and risks

Information currently unavailable

  • Experienced Promoters having deep domain knowledge to scale up the business.

  • Management team with an established track record.

  • Established track record of successfully completed orders.

  • Efficient operational team.

  • The company's revenues has exhibited significant fluctuations in the past and may continue to vary in the future, which may adversely affect its business, financial condition and results of operations.

  • The company's high level of trade receivables relative to its revenue from operations indicates elongated working capital cycles and exposes the company to collection risks, which may adversely affect its liquidity and financial condition.

  • A substantial portion of the Company's revenue for the period ended March 31, 2026 was derived from its first/top customer. Accordingly, any reduction, delay, or termination of business from such customer, or the loss of such customer for any reason, could materially and adversely affect the Company's revenues, profitability, financial condition.

  • Dependency on Certain Business Partners for Defense Sector Project Execution.

  • The Company has some instances of non-compliances and delayed compliances with some statutory provisions of the Companies Act 2013 and delayed compliance may attract penalties against the company which could impact the financial position of its to that extent.

  • The company is dependent on a few customers for a significant portion of its revenues. Further the company generally does not enter into long-term arrangements with its customers and any failures to continue the company's existing arrangements could adversely affect its business and results of operations.

  • The markets in which the company's customers compete is characterized by sectors specific to the industries which its cater to, and their rapidly changing preferences and other related factors including lower manufacturing costs. Accordingly, the company may be affected by any disruptions in the industry which can adversely impact its business, financial condition, results of operations, cash flows and prospects.

  • Any failures to compete effectively in the highly competitive global industry of high precision and critical components manufacturing could have a material adverse effect on the company's business, results of operations, financial condition, cash flows and future prospects.

  • The Company has negative cash flows during certain fiscal years in relation to its operating, investing and financing activities. Sustained negative cash flows in the future would adversely affect the company's results of operations and financial condition.

  • The company's business is working capital intensive. Any insufficient cash flows from its operations or inability to borrow to meet its working capital requirements, it may materially and adversely affect the company's business and results of operations.

Millworks Technologies Limited IPO registrar

Purva Sharegistry (I) Pvt Ltd

Phone number +91 22 4961 4132
E-mail ID newissue@purvashare.com
Website www.purvashare.com

Millworks Technologies Limited IPO reservation

QIB shares offered

8,84,000 (18.25%)

NII (HNI) shares offered

6,63,600 (13.7%)

Retail shares offered

15,47,200 (31.94%)

Anchor investor shares offered

13,25,200 (27.36%)

Total shares offered

48,44,000

Total shares with anchor investor

48,44,000

Millworks Technologies Limited IPO lead manager

  • GYR Capital Advisors Pvt Ltd

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Frequently asked questions

What is the listing date for the Millworks Technologies Limited IPO?

The listing date for the Millworks Technologies Limited IPO is 21 Jul 2026.

What is the issue size of Millworks Technologies Limited IPO?

The issue size of the Millworks Technologies Limited IPO is ₹160.34 cr.

What is the minimum lot size needed for Millworks Technologies Limited IPO?

The minimum lot size for Millworks Technologies Limited IPO is 400

When does the Millworks Technologies Limited open and close?

Millworks Technologies Limited IPO is open from 14 Jul 2026 to 16 Jul 2026.

How can I apply for the Millworks Technologies Limited IPO?

To apply for the Millworks Technologies Limited, follow the steps given below:

  • Log in to your Bajaj Broking trading account and navigate to the current IPOs section.
  • Browse the list of open IPOs and click ‘Apply’ for your chosen PO.
  • Enter the quantity and your UPI ID. You will receive a mandate notification to block funds in your UPI app.
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