BSE List Price : ₹628.90

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Category	Times
QIBs	194.05x
HNIs	261.01x
Retail	216.6x
Total : 219.68x

IPO Market Lot(s) Distribution

Application	Lot Size	Shares	Amount
Retail Minimum	2	800	₹264,800
Retail Maximum	2	800	₹264,800
S-HNI Minimum	3	1,200	₹397,200
S-HNI Maximum	7	2,800	₹926,800
B-HNI Minimum	8	3,200	₹1,059,200

About the Company

Millworks Technologies Ltd. is a prominent engineering company engaged in the manufacturing of high-precision machined components, sheet metal parts, and integrated assemblies for industries such as railways, aerospace, defence, and semiconductors. The company offers customised manufacturing solutions based on specific customer requirements.

It produces components using customer-provided drawings (Build-to-Print) as well as customer-defined specifications (Build-to-Spec), while overseeing the entire production cycle from procurement to final delivery. The company operates four state-of-the-art manufacturing facilities located in Bengaluru, Karnataka. These facilities are equipped with advanced machinery, including 3-axis, 4-axis, and 5-axis CNC machining centres, CNC turning and turn-mill machines, wire EDM equipment, fibre laser cutting machines, CNC press brakes, welding stations, and dedicated assembly lines, enabling end-to-end integrated manufacturing.

Company Financial Report

_{Amount ₹ in Crores}

Period Ended	Revenue	Expense	PAT	Assets
2023	₹1.78	₹1.38	₹0.33	₹3.79
2024	₹9.40	₹7.02	₹1.95	₹10.64
2025	₹22.42	₹15.33	₹5.25	₹40.84
Nov 2025	₹68.02	₹40.39	₹20.50	₹115.83

Company Promoter

Sridhar Acharya

H K Madhu

Sowmya Madhu

Rashmi Sridhar Acharya

Know before investing

• • Strengths

  Precision engineering capabilities: The company has extensive expertise in precision engineering, enabling it to manufacture highly complex and high-accuracy components that meet stringent quality and performance standards.

  Integrated manufacturing capabilities: The company operates a comprehensive manufacturing facility capable of handling machining, fabrication, assembly, and job-work operations under one roof. Its advanced infrastructure supports both Build-to-Print and Build-to-Spec production requirements.

• • Risks

  Customer concentration risk: A substantial share of the company's revenue is generated from a small group of customers, and it typically operates without long-term contractual agreements. Any loss of major customers or decline in order volumes may negatively impact its revenue, profitability, and overall financial performance.

  Exposure to end-user industries: The company's business is largely dependent on sectors such as aerospace, defence, railways, and semiconductors. Any slowdown in these industries, shifts in technology, or weakening demand could have an adverse impact on its operations, growth prospects, and financial performance.

Objects of the Issue & Utilisation of proceeds

Funding capital expenditure of our company to purchase Plant and Machinery

Funding the working capital requirements of the company

General Corporate Purpose

Company  Address

Millworks Technologies Ltd.
No.458/1, 10th a Cross, Phase-4,
Peenya Industrial Area, Peenya Small Industries
Bangalore Urban, Karnataka, 560058
Phone: +91 9187045959
Email: cs@millworksindia.com
Website: https://millworksindia.com/

IPO Registrar

Purva Sharegistry (India) Pvt. Ltd.
Phone: 022-41343255
Email: newissue@purvashare.com
Website: https://www.purvashare.com/investor-service/ipo-query

IPO Review

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