Milestone Gears Limited IPO

Milestone Gears Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Open

Price Band

₹

Total Issue

₹1,100.00 Cr

Bid Dates

TBA - TBA

Subscription

-

Est. GMP

₹0 (-)

Website DRHP

Business Overview

Milestone Gears is a manufacturer of high-precision, complex engineered transmission components used across sectors such as tractors, construction equipment, electric vehicles, locomotives, windmills and other heavy industries. The Company supplies its products to Indian and global original equipment manufacturers (OEMs) and their affiliated entities. Between April 1, 2022 and June 30, 2025, it served more than 50 customers, including all the top nine OEMs in India’s tractor sector (Source: 1Lattice Report).

Objects of Issue

  1. Repayment/ prepayment, in full or in part, of certain outstanding borrowings & accrued interest thereon availed by the Company
  2. Proposed Greenfield Project
  3. General corporate purposes

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Milestone Gears IPO
Particulars Jun-25 Mar-25 Mar-24 Mar-23
Revenue 168.03 530.17 533.32 612.94
PAT 9.36 22.06 6.72 14.07
Net Worth 135.57 126.26 104.10 96.74
Borrowings 382.58 372.76 315.25 316.84
Assets 651.84 617.67 521.61 537.81
NAV (₹) 15.06 14.03 11.57 10.75
EPS (₹) 1.04 2.45 0.75 1.56

KPIs

EBITDA

18.16%

PAT

4.16%

RONW

17.47%

ROCE

12.23%

Net Debt to Equity

3.23

  • All the data pertains to FY 2024-25.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

91.66%

Public

8.34%

Ashok Tandon 58.33%
Aman Tandon 16.66%
Others 16.67%

Management

Ashok Tandon Chairman
Aman Tandon MD
Biresh Thakur CEO
Pankaj Budhiraja CFO

Registrar & Lead Managers

Registrar

KFin Technologies

KFin Technologies

Frequently Asked Questions

What is Milestone Gears IPO?
Milestone Gears IPO is a Mainboard IPO having an issue size of ₹1,100.00 Crs. Milestone Gears IPO is priced at ₹ - ₹ per share. The issue opens on 17 Apr 26 and closes on 17 Apr 26.
When will Milestone Gears IPO open?
Milestone Gears IPO opens on 17 Apr 26 and closes on 17 Apr 26.
What is the GMP of Milestone Gears IPO?
The estimated Grey Market Premium of Milestone Gears IPO is ₹0 per share (-).
What is the lot size of Milestone Gears IPO?
The minimum lot size of Milestone Gears IPO is shares & the minimum application amount is Rs. 0.
When is the allotment of Milestone Gears IPO?
The allotment date of Milestone Gears IPO is 17 Apr 26.
What is the listing date of Milestone Gears IPO?
The listing date of Milestone Gears IPO is 17 Apr 26.
What is the subscription of Milestone Gears IPO?
Milestone Gears IPO is subscribed -.
What is the price band of Milestone Gears IPO?
Milestone Gears IPO is priced at ₹ - ₹ per share.
How to check allotment status of Milestone Gears IPO?
Click the allotment link on Milestone Gears IPO page of IPO360.
How to apply Milestone Gears IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Milestone Gears IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Milestone Gears IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Milestone Gears IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date