BY THE NUMBERS.
WHERE IT LANDED.
HOW FULL THE BUS GOT.
TICKET CLASSES.
HOW THE ISSUE IS BUILT.
The two legs send the money to different places: a fresh issue raises new capital for the company, while an offer for sale is existing shares being sold by existing shareholders, whose proceeds go to those sellers and not to the company.
ON THE DASHBOARD.
THE RUNNING RECORD.
WHO ELSE RUNS THIS LINE.
Source: All the financial information for listed industry peer mentioned above is sourced from the Annual Reports of the aforesaid companies for the year ended March 31, 2026 and stock exchange data dated June 29, 2026 to compute the corresponding financial ratios for the financial year ended March 31, 2026. The current market price and related figures are as on June 29, 2026 (as per NSE). P/E figures for the peers are based on closing market prices of equity shares on NSE on June 08, 2026 divided by the Diluted EPS as at March 31, 2026. EPS refers to the Diluted EPS calculated based on the net profit after tax for FY 25-26, divided by the number of outstanding shares as per the Annual Report. Return on Net Worth (%) for listed industry peers has been computed based on the Net Profit After Tax for the year ended March 31, 2026 divided by Net Worth as on March 31, 2026. NAV per share for listed peers is sourced from the Annual Reports for FY 25-26 of the listed peer companies.
WHAT THE MONEY IS FOR.
WHO GETS WHICH SEATS.
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: Aerospace: Precision-machined components and sub-assemblies used in aero-engine applications. Defense: Machined components and sub-assemblies such as missile airframe components, guidance system housings, structural brackets and mounts, and hydraulic cylinder parts, etc. Railways: Precision components used in train control and rolling stock infrastructure, and manufacturing components for train and metro door systems, including parts used in door mechanisms and actuators. Semiconductor Machinery: precision-engineered components and fixtures used in semiconductor manufacturing and testing equipment, such as machine base frames, precision brackets and mounts, alignment plates, and equipment housings, etc. 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: Precision Engineering Capability and Manufacturing of Complex Components Across Diverse Materials Certified Quality Management Systems Supporting Process Comprehensive Manufacturing Infrastructure Global Customer Relationships and Export-Oriented Business Operations Structured Research and Development Function Experienced Management and Skilled Technical Workforce Strong order book of Rs 9,594.45 lakhs (As of Jan 10, 2026)
ON THE ROSTER.
COMMON QUESTIONS.
What is the Millworks Technologies IPO price band?+
The indicative price band is ₹331 per share. The binding terms are the ones in the Red Herring Prospectus (RHP).
What is the lot size of the Millworks Technologies IPO?+
One lot is 400 shares. At the upper band of ₹331, one lot works out to ₹1,32,400.
When does the Millworks Technologies IPO open and close?+
The issue opened on 14 Jul 2026 and closed on 16 Jul 2026. Dates can move — the registrar and the exchange notices are the record.
When is the Millworks Technologies IPO allotment?+
Allotment is scheduled for 17 Jul 2026. The basis of allotment is published by the registrar to the issue. BuyUnlistedShares does not accept, process or track IPO applications.
When did Millworks Technologies list?+
Listing took place on 21 Jul 2026 on BSE SME.
Where will Millworks Technologies be listed?+
Millworks Technologies is listed on BSE SME. It is an SME issue, so it trades on the SME platform.
How large is the Millworks Technologies IPO?+
The issue size is ₹160.34 Cr — a fresh issue of ₹146.3 cr. Figures are indicative and subject to the RHP.
How was the Millworks Technologies IPO subscribed?+
The issue was subscribed 219.54× overall. By category: qib 194.05×, nii 260.37×, small hni 201.44×, big hni 289.84×, retail 216.6×. Subscription figures are as reported by the exchanges.
At what price did Millworks Technologies list?+
Millworks Technologies listed at ₹629, +90% against the issue price.
Who is the registrar for the Millworks Technologies IPO?+
The registrar to the issue is Purva Sharegistry (India) Pvt.Ltd. (022-41343255), newissue@purvashare.com.
Where can I check the Millworks Technologies IPO allotment status?+
Allotment status is published by the registrar on its own official portal: https://www.purvashare.com/investor-service/ipo-query. Use the registrar's site directly — BuyUnlistedShares does not ask for PAN, application numbers or any other applicant detail.
What is the P/E ratio of the Millworks Technologies IPO?+
The P/E ratio on file for this issue is 11.4, and the post-issue P/E is 15.73, stated as of 31 Mar 2026. A reported ratio is not a view on value.