Millworks Technologies has announced plans to raise ₹160 crore through an initial public offering on the Bombay Stock Exchange’s SME platform.
The manufacturer of high-accuracy machined components will issue 48.44 lakh equity shares to fund capital expenditures and expand its production capabilities.
The move signals continued appetite for public markets among specialized industrial firms in India.
By targeting the SME board, Millworks aims to access capital for scaling operations while navigating the specific regulatory framework designed for smaller enterprises.
The offering size places it within the mid-range of recent SME listings, reflecting a measured approach to valuation and dilution.
This development arrives as India’s IPO pipeline remains active across various sectors.