Milestone Gears IPO Details
| IPO Open Date | 2026 |
| IPO Close Date | 2026 |
| Face Value | â‚ą2 Per Equity Share |
| IPO Price Band | â‚ą[.] to â‚ą[.] Per Share |
| Issue Size | Approx â‚ą1,100 Crores |
| Fresh Issue | Approx â‚ą800 Crores |
| Offer for Sale: | Approx [.] Equity Shares |
| Issue Type | Book build Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Milestone Gears IPO Review & Key Points
- Review:
Milestone Gears IPO Market Lot
The Milestone Gears IPO minimum market lot is [.] shares with â‚ą[.] application amount. The retail investors can apply up-to 13 lots with [.] shares of â‚ą[.] amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | – | – | â‚ą- |
| Retail Maximum | – | – | â‚ą- |
| S-HNI Minimum | – | – | â‚ą- |
| S-HNI Maximum | – | – | â‚ą- |
| B-HNI Minimum | – | – | â‚ą- |
IPO Reservation
| Investor Category | Share Offered | Shares (%) |
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | 50% |
| NII Shares Offered | – Shares | 15% |
| Retail Shares Offered | – Shares | 35% |
Milestone Gears IPO Anchor Investors
| Anchor Bidding Date | 2026 |
| Anchor Investors List | |
| Shares Offered | [.] Shares |
| Anchor Size | [.] Cr. |
| lock-in period end date 50% shares (30 Days) | 2026 |
| lock-in period end date 50% shares (90 Days) | 2026 |
Milestone Gears IPO Dates
The Milestone Gears IPO date is 2026 and the close date is 2026. The Milestone Gears IPO allotment will be finalized on 2026 and the IPO listing on 2026.
| IPO Open Date: | 2026 |
| IPO Close Date: | 2026 |
| Basis of Allotment: | 2026 |
| Refunds: | 2026 |
| Credit to Demat Account: | 2026 |
| IPO Listing Date: | 2026 |
| IPO Bidding Cut-off Time: | 2026 – 5 PM |
Promoters and Holding Pattern
The promoters of the company are Ashok Kumar Tandon and Aman Tandon.
| Particular | Shares | % Share |
| Promoter Holding Pre Issue | 9,00,00,000 | -% |
| Promoter Holding Post Issue | – | -% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
| Repayment/ prepayment, in full or in part, of certain outstanding borrowings and accrued interest thereon availed by the Company; | â‚ą356.86 |
| Financing the capital expenditure requirements in relation to setting up of a new manufacturing facility at Mohal Bated, Tehsil Baddi, District Solan, Himachal Pradesh (the “Proposed Greenfield Project”); and | ₹296.42 |
| General Corporate Purpose | â‚ą- |
About Milestone Gears IPO
To be updated soon
Milestone Gears IPO Company Financial Report
Amount â‚ą in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2023 | â‚ą615.64 | â‚ą597.12 | â‚ą14.07 | â‚ą537.81 |
| 2024 | â‚ą535.99 | â‚ą525.64 | â‚ą6.72 | â‚ą521.61 |
| 2025 | â‚ą546.89 | â‚ą520.34 | â‚ą22.06 | â‚ą617.67 |
| June 2025 | â‚ą168.52 | â‚ą155.92 | â‚ą9.36 | â‚ą651.84 |
Milestone Gears IPO Valuation – FY2025
Check Milestone Gears IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 17.47% |
| ROCE: | 12.23% |
| EBITDA Margin: | 18.16% |
| PAT Margin: | 4.16% |
| Debt to equity ratio: | 3.23 |
| Earning Per Share (EPS): | â‚ą2.45 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 17.47% |
| Net Asset Value (NAV): | â‚ą14.03 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Bharat Forge Ltd | 20.05 | 69.93 | 12.10% | 192.86 | 15,122.80 Cr. |
| Sona BLW Precision Forgings Ltd | 9.92 | 49.38 | 17.70% | 90.79 | 3,546.02 Cr. |
| Happy Forgings Ltd | 28.39 | 35.38 | 15.40% | 196.25 | 1,408.90 Cr. |
| Ramkrishna Forgings Ltd | 22.95 | 23.67 | 11.70% | 167.78 | 4,034.11 Cr. |
| Shanthi Gears Ltd | 12.52 | 38.49 | 23.83% | 52.53 | 604.62 Cr. |
IPO Lead Managers aka Merchant Bankers
- JM Financial Ltd.Â
- Motilal Oswal Investment Advisors Ltd.
- Axis Capital Ltd.
Company Address
Milestone Gears Ltd.
58, Sector 1
Industrial Area
Parwanoo, District
Solan, Himachal Pradesh, 173220
Phone: +91 1733 218212
Email: investor.relations@milestonegroup.co.in
Website: http://www.milestonegroup.co.in/
IPO Registrar
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: milestone.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Milestone Gears IPO FAQs
What is Milestone Gears IPO?
Milestone Gears IPO is Mainboard IPO. The company is going to raise â‚ą1,100 Crores via IPO. The issue is priced at â‚ą[.] to â‚ą[.] per equity share. The IPO is to be listed on BSE & NSE.
When Milestone Gears IPO will open for subscription?
The IPO is to open on 2026 for QIB, NII, and Retail Investors. The IPO will close on 2026.
What is Milestone Gears IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply the Milestone Gears IPO?
You can apply for Milestone Gears IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
What is Milestone Gears IPO Issue Size?
Milestone Gears IPO issue size is â‚ą1,100 crores.
What is Milestone Gears IPO Price Band?
Milestone Gears IPO Price Band is â‚ą[.] to â‚ą[.].
What is Milestone Gears IPO Lot Size?
The minimum bid is [.] Shares with â‚ą[.] amount.
What is the Milestone Gears IPO Allotment Date?
Milestone Gears IPO allotment date is 2026.
What is the Milestone Gears IPO Listing Date?
Milestone Gears IPO listing date is 2026. The IPO is to list on BSE & NSE.
Note: The Milestone Gears IPO price band and date are officially announced. The (Milestone Gears IPO grey market premium) will be added to the IPO GMP page as it will start).
