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Milestone Gears IPO

Milestone Gears Limited has filed a draft red herring prospectus (DRHP) with SEBI for a mainboard IPO, a fresh issue and offer for sale. SEBI issued its observations on 6 March 2026, so the company can open the IPO any time up to 6 March 2027. The price band, lot size and IPO dates are not announced yet.

Status
SEBI observations issued6 Mar 2026
SEBI received draft
27 Nov 2025
Type of issue
Fresh issue and offer for sale
Lead manager
JM Financial Limited
Must open by
6 Mar 202712 months from observations
Price band and dates
Not announced
SEBI processing status and filingsOur calculation: last date to open
Pipeline page. The company has not filed its red herring prospectus yet, so there is no price band, lot size or review. When it does, this page becomes a full IPO page at the same address.

By IPO24by7 Research · Updated · Source: SEBI

Where it stands

Milestone Gears IPO: where it stands

SEBI processing status, 30 Oct 2026
  1. Draft filed with SEBI27 Nov 2025
  2. SEBI reviewDone
  3. SEBI observations6 Mar 2026
  4. RHP and price bandNot yet
  5. Bidding and listingNot yet

SEBI has issued its final observations, which in practice is the go-ahead. The company can now file a red herring prospectus and open the IPO within 12 months.

Documents

Milestone Gears DRHP and documents

SEBI filings

The DRHP has the issue size, use of the money, financials, promoters and risk factors. It can change before the final red herring prospectus.

Questions

Milestone Gears IPO FAQs

When will the Milestone Gears IPO open?

The date is not announced. SEBI issued observations on 6 March 2026, and SEBI rules require the IPO to open within 12 months of that date, so by 6 March 2027 (our calculation). The company announces the dates in its red herring prospectus and price band notice.

Has SEBI approved the Milestone Gears IPO?

Yes. SEBI issued its final observations on 6 March 2026 (SEBI processing status archive, April 2025 to March 2026). SEBI does not "approve" an IPO as such; its observations let the company go ahead.

What is the Milestone Gears IPO price band and lot size?

Not announced. The price band is published at least two working days before the IPO opens, and the lot size is set with it. We add both here the day they are filed.

What is the Milestone Gears IPO GMP?

We do not publish a GMP. Grey market premium is unofficial: it is not regulated by SEBI and not published by any exchange. Before the price band is announced there is no issue price to compare it with.

Who is the lead manager of the Milestone Gears IPO?

JM Financial Limited is the coordinating book running lead manager named in SEBI's processing status report. The DRHP lists all the lead managers and the registrar.

Where can I read the Milestone Gears DRHP?

On SEBI's website, where the draft red herring prospectus was published on 27 November 2025. It has the issue size, use of the money, financials and risk factors.

Sources: SEBI processing status of draft offer documents as on 30 October 2026, SEBI's yearly processing status archive and SEBI's list of draft offer documents. Day counts and the last date to open are our calculations. This page is information only, not a recommendation.