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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Funding capital expenditure
Funding capital expenditure towards purchase of plant and machinery for expanding precision engineering manufacturing capacity.
Funding working capital requirements
Funding working capital requirements to support operational growth and increased order execution.
General corporate purposes
Meeting general corporate expenses and contingencies.
(₹ in Crore)
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Incorporated in November 2021, Millworks Technologies Limited is a Bengaluru-based precision engineering and manufacturing company. The organization specializes in designing, developing, and producing high-precision machined components, sheet metal parts, and integrated sub-assemblies. Its product portfolio addresses mission-critical technical applications across several key industrial sectors, including aerospace, defense, railways, metro rail systems, and semiconductor manufacturing. The company operates four manufacturing facilities located in Bengaluru, Karnataka. Its operational capability encompasses advanced CNC turning centers, multi-axis milling machines, wire-cut EDM systems, fiber laser cutting units, and automated inspection equipment. Millworks Technologies works under both Build-to-Print and Build-to-Spec engagement models, supporting customers from initial prototype development through volume production. The facilities maintain industry certifications including AS9100D for aerospace quality systems, ISO 9001:2015, ISO 14001 for environmental management, and ISO/IEC 27001 for information security. Millworks Technologies has scaled its revenue significantly from its early operations to over 150 crore rupees in the fiscal year ending March 2026. Growth is driven by expanding demand for localized precision component manufacturing, increased domestic capital expenditure in defense and railway modernization, and growing international sourcing requirements in semiconductor and aerospace supply chains. Capital raised through its public listing is directed toward further expanding production machinery and meeting operational working capital requirements.
Millworks Technologies raised approximately 43.86 crore rupees from anchor investors on July 13, 2026, allocating 13.25 lakh equity shares at the upper price band of 331 rupees per share.
Source: RHP • Analysis provided for informational purposes
Last Updated: 20 August 2026, 4:40 PM
Integrated Manufacturing Capabilities
Operates specialized infrastructure with advanced CNC machining, laser cutting, and assembly lines supporting end-to-end production.
Diversified High-Growth Client Base
Serves mission-critical applications across aerospace, defense, railway, and semiconductor industries, reducing sector-specific revenue risks.
Strong Quality and Compliance Certifications
Maintains international standards including AS9100D and ISO certifications required for tier-1 aerospace and defense supply chains.
Customer Concentration Risk
A significant portion of total revenue is derived from a limited set of key industrial clients.
Raw Material Price Volatility
Fluctuations in the cost of specialized metals and alloys could adversely impact operating profit margins.
Working Capital Intensity
Operations require substantial working capital for inventory management and extended credit cycles with corporate customers.
MILLWORKS TECHNOLOGIES LIMITED
No. 458/1, 10th A Cross, 4th Phase, Peenya Industrial Area, Near Brundavan Bus Stop, Bengaluru - 560058, Karnataka, India
View on Maps →Purva Sharegistry (India) Private Limited
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