Milestone Gears Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹0 - ₹0
- Lot size
- —
- Issue amount
- ₹1,100 cr
- Total subscription
- 0×
- Opens
- 23 Nov 2026
- Closes
- 25 Nov 2026
- Allotment
- 27 Nov 2026
- Listing
- 30 Nov 2026
Offer at a glance
Issue overview
- Issue size
- —
- Face value
- ₹2 Per Share
- Minimum investment
- ₹0
- Fresh issue
- ₹800 cr
- Offer for sale
- ₹300 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹0
- Issue type
- Bookbuilding IPO
- Shares before issue
- 9,00,00,000
- Shares after issue
- 0
Subscription & GMP
Subscription by category
Subscription figures are awaiting publication.
GMP history
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-25 |
|---|---|
| EPS | 0 |
| ROE | 0 |
| ROCE | 12.23 |
| RONW | 17.47 |
| PRE IPO(PE) | 0 |
| POST IPO(PE) | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Milestone Gears Limited, incorporated in 1984, is engaged in manufacturing high-precision and complex transmission components used in sectors like tractors, construction equipment, electric vehicles, locomotives, wind energy, and other heavy industries. The company supplies its products to both Indian and global OEMs and has built strong long-term relationships, with an average association of over 18 years with its top 10 customers as of FY2025. Its product range includes bull gears, rear axles, spindles, internal ring gears, and bevel gears, and it continues to expand its portfolio to reach more markets. The company has exported to 10 countries including the USA, UK, Germany, and China between April 2022 and June 2025, and operates nine manufacturing facilities across Punjab, Haryana, and Himachal Pradesh with a large combined area. As of June 30, 2025, it had 1,417 permanent and 2,038 contractual employees.
Strengths
- Industrial Gear Manufacturing Business: The company operates in the manufacturing of gears and transmission components used in various industries.
- Product Range and Customization: Offers different types of gears and engineered solutions as per client requirements.
- Diverse Industry Applications: Supplies products to sectors like automotive, machinery, and industrial equipment.
Risk factors
- Dependence on Industrial Demand: Business performance is linked to demand from manufacturing and engineering sectors.
- Capital Intensive Operations: Requires investment in machinery, tools, and production infrastructure.
- Working Capital Requirement: Needs continuous investment in raw materials and inventory.
Promoters
Ashok Kumar Tandon
Aman Tandon
Registrar & documents
Lead manager
Jm Financial Limited, Motilal Oswal Investment Advisors Limited, Axis Capital Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
58, Sector 1 Industrial Area Parwanoo, District Solan, Himachal Pradesh, 173220
+91 1733 218212
[email protected]Company website ↗Understanding MILESTONEGEARS IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.