Millworks Technologies IPO

Millworks Technologies Ltd. is a precision engineering company engaged in manufacturing high-accuracy machined components, sheet metal parts, and integrated assemblies for industries such as aerospace, defence, railways, and semiconductor equipment. The company specializes in producing mission-critical components that require stringent quality standards and high engineering precision. 

Its operations are carried out under both Build-to-Print (BTP) and Build-to-Spec (BTS) models. Under the BTP model, the company manufactures components strictly according to customer drawings and specifications, while the BTS model focuses on delivering products based on the functional and performance requirements of customers. It also undertakes full-scale manufacturing and job-work assignments for a wide range of industrial applications. 

The company serves multiple business verticals, including aerospace components for aero engines, defence equipment such as missile and hydraulic system parts, railway components for train control and metro door systems, and precision-engineered parts used in semiconductor manufacturing equipment. 

As of November 30, 2025, Millworks Technologies operated four advanced manufacturing facilities in Bengaluru, Karnataka. These facilities are equipped with modern CNC machining centres, wire EDM machines, laser cutting systems, CNC press brakes, welding stations, and dedicated assembly and quality inspection units. The company also had an order book of approximately ?9,594.45 lakh as of January 10, 2026, reflecting healthy business visibility.