Millworks Technologies IPO
Millworks Technologies is a BSE SME IPO listed on the BSE SME platform, priced at ₹315–₹331 per share. The stock debuted at ₹628.9, delivering a listing gain of 90.0%. The IPO had a lot size of ₹400 shares and a minimum investment of ₹2,64,800.
Millworks Technologies Limited IPO
- IPO Dates
- Jul 14, 2026 – Jul 16, 2026
- Price band
- ₹315-331 per equity share
- Minimum Investment
- ₹2,64,800
- Issue size
- ₹160.34 Cr
- Lot size
- 400
- Allotment Date
- Jul 17, 2026
- Listing
- Jul 21, 2026
- Listing At
- BSE SME
IPO timeline
-
Jul 14, 2026
Open Date
Completed
-
Jul 16, 2026
Close Date
Completed
-
Jul 17, 2026
Allotment Date
Completed
-
Jul 21, 2026
Listing Date
Completed
Unofficial pre-listing indicator
Millworks Technologies IPO Last Recorded GMP: ₹297
No GMP quote could be verified as recorded before Millworks Technologies IPO listed. A grey-market observation of ₹297 per share was recorded on 21 Jul 2026, 6:30 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹628.9. GMP is unofficial and does not forecast or guarantee the actual listing price.
- Last recorded GMP
- ₹297
- GMP percentage
- 90%
- Upper price band
- ₹331
- Listing price
- ₹628.9
During the recorded period, Millworks Technologies IPO GMP ranged from ₹140 to ₹297.
Millworks Technologies IPO GMP trend (day-wise) 31 observations
| Date & time | GMP | Change | GMP % | Indicative price |
|---|---|---|---|---|
| ₹297 | ₹0 | 90% | ₹628 | |
| ₹297 | ₹0 | 90% | ₹628 | |
| ₹297 | ₹0 | 90% | ₹628 | |
| ₹297 | ₹0 | 90% | ₹628 | |
| ₹297 | ₹0 | 90% | ₹628 | |
| ₹297 | ₹0 | 90% | ₹628 | |
| ₹297 | ₹0 | 90% | ₹628 | |
| ₹297 | ₹0 | 90% | ₹628 | |
| ₹297 | ₹0 | 90% | ₹628 | |
| ₹297 | ₹0 | 90% | ₹628 |
Millworks Technologies IPO Subscription Details
View Subscription DetailsMillworks Technologies IPO subscription status shows demand across QIB, NII, and retail categories, helping investors understand participation levels.
Last updated:Millworks Technologies IPO Essentials
Millworks Technologies IPO Details
Millworks Technologies IPO is priced at ₹315-331 per share with a total issue size of 160.34 crore. The IPO has a lot size of 400 shares and is listed on BSE SME.
- Issue price
- ₹315-331 per equity share
- Lot size
- 400 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 48,44,000 shares(agg. up to ₹160.34 Cr)
- Total issue size
- 48,44,000 shares
(aggregating up to ₹160.34 crore) - Fresh issue
- 48,44,000 shares
(aggregating up to ₹160.34 crore) - Retail Portion
- 35%
- Listing at
- BSE SME
- List price
- 628.9
- Listing date
- Registrar
- Purva Sharegistry (India) Pvt.Ltd.
- Lead manager
-
GYR Capital Advisors Pvt.Ltd.
Market Lot Size
Investors can bid for a minimum of 800 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual (min) | 2 | 800 | ₹2,64,800 |
| Individual(max) | 2 | 800 | ₹2,64,800 |
| sHNI(min) | 3 | 1,200 | ₹3,97,200 |
| sHNI(max) | 7 | 2,800 | ₹9,26,800 |
| bHNI(min) | 8 | 3,200 | ₹10,59,200 |
Millworks Technologies IPO Reservation
Millworks Technologies IPO reservation details show category-wise allocation of shares. Out of the total 4844000 shares, approximately 18.25% are reserved for QIB, 13.7% for NII, 31.94% for retail investors, 8.75% for market maker, and 27.36% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1325200 (27.36%) | |
| Market Maker Shares Offered | 424000 (8.75%) | |
| QIB Shares Offered | 884000 (18.25%) | |
| NII (HNI) Shares Offered | 663600 (13.7%) | |
| bHNI > ₹10L | 442400 (9.39%) | 369 |
| sHNI < ₹10L | 221200 (4.85%) | 184 |
| Individual Shares Offered | 1547200 (31.94%) | 1934 |
| Total Shares Offered | 4844000 (100%) |
Millworks Technologies IPO Analytics
Millworks Technologies IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Millworks Technologies IPO Subscription Status
Millworks Technologies IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO is currently subscribed 219.68x, indicating strong demand across investor categories.
| As on | QIB |
NII
bHNI
sHNI
|
Individual | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 8,84,000 |
6,63,600
4,42,400
2,21,200
|
15,47,200 | 30,94,800 |
|
Day 1
14-07-26 05:00 PM
|
0.00 x |
13.38x
13.07x
13.98x
|
15.75 x | 10.74 x |
|
Day 2
15-07-26 05:00 PM
|
0.22 x |
68.96x
74.09x
58.69x
|
71.73 x | 50.71 x |
|
Day 3
16-07-26 05:00 PM
|
194.05 x |
261.01x
290.80x
201.44x
|
216.60 x | 219.68 x |
|
Total No. of Applications
|
bHNI | sHNI | Individual |
|---|---|---|---|
| 4,89,779 (Approx) | 98.69x | 186.29x | 216.6x |
Millworks Technologies Valuations
Earnings
- EPS Pre IPO
- ₹29.02/-
- EPS Post IPO
- ₹21.04/-
- P/E Pre IPO
- 11.40
- P/E Post IPO
- 15.73
Returns
- ROE
- 69.94%
- ROCE
- 56.44%
- RoNW
- 44.83%
- PAT Margin
- 24.91%
Fundamentals
- Debt / Equity
- 0.21
- Price / Book
- 5.11
- Market Cap
- ₹583.05 Cr.
Millworks Technologies Financials( In Crs.)
| 30-Nov-25 | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 | |
|---|---|---|---|---|
| Assets | 115.83 | 40.84 | 10.64 | 3.79 |
| Revenue | 68.02 | 22.42 | 9.40 | 1.78 |
| Profit After Tax | 20.50 | 5.25 | 1.95 | 0.33 |
| Net Worth | 56.82 | 23.32 | 2.33 | 0.38 |
| Reserves & Surplus | 56.76 | 23.26 | 2.28 | 0.33 |
| Total Borrowing | 16.67 | 9.63 | 4.57 | 2.30 |
Millworks Technologies Company & Offer Insights
About Millworks Technologies
Millworks Technologies Ltd. is an organization that specializes in precision engineering services with regard to manufacturing of high accuracy machined parts, sheet metal parts, and assemblies for critical operations in the rail, aerospace, defence, and semiconductor industry sectors.
Business Verticals:
Aerospace - Precision engineered machined parts and sub assemblies for aero engine application.
Defense - Machined components and sub assemblies like Missile Air Frame Components, Housing for Guidance System, Brackets and Mounts, Hydraulic Cylinders, etc.
Railway - Precision engineered machined components for use in train controls and railway infrastructure as well as Train & Metro door mechanism parts, Door Actuators, etc.
Semiconductor Machinery - Precision engineered machined components for semiconductor machinery and test equipment applications such as Machine Base Frames, Brackets and Mounts, Alignment Plates, Housing of Equipment, etc.
As of November 30, 2025, there are four modern manufacturing units of the company located in Bengaluru, Karnataka. The modern manufacturing units have state-of-the-art infrastructure which includes machining centers of three-axis, four-axis, and five-axis type, CNC turning and turning-milling centers, wire electrical discharge machining (EDM) machine, fiber laser cutting machine, CNC press brake, and weld and assemble stations.
Millworks Technologies Promoter(s)
Sridhar Acharya, H K Madhu, Sowmya Madhu, Rashmi Sridhar Acharya are the company's promoters of Millworks Technologies.
Millworks Technologies IPO Issue Objectives
- •
- Funding capital expenditure of our company to purchase Plant and Machinery
- •
- Funding the working capital requirements of the company
- •
- General Corporate Purposes
Millworks Technologies IPO - Anchor Investors
Millworks Technologies Limited finalised its anchor investor allocation on July 13, 2026, with 13,25,200 equity shares allotted to anchor investors at an anchor price of ₹331 per share, including a share premium of ₹321. The anchor book comprises 9 investors, with LRSD Securities Pvt Ltd receiving the dominant allocation of 59.25%. The remaining allocation was distributed among 8 investors including INTI Capital VCC – INTI Capital I at 9.06%, and Evergrow Capital Opportunities Fund, Saint Capital Fund, Teal Rise Fund 1, Rajasthan Global Securities, RGSL Investment Fund, Vikasa India EIF I Fund, and Abundantia Capital VCC each at 4.53%.
Contact Information
Contact Details
Millworks Technologies
+91 9187045959
No.458/1, 10th a Cross, Phase-4, Peenya Industrial Area, Peenya Small Industries, Bangalore Urban, Karnataka, 560058
Registrar Contact Details
Purva Sharegistry (India) Pvt.Ltd.
022-41343255
Frequently Asked Questions
Click any question to reveal the answer
Millworks Technologies IPO is a book-built IPO worth ₹160.34 crore. The price band is ₹315–₹331 per share. The IPO opens on Jul 14, 2026 and closes on Jul 16, 2026. It will be listed on BSE SME Platform. Purva Sharegistry (India) Pvt. Ltd. is the registrar.
The price band of Millworks Technologies IPO is ₹315 to ₹331 per share.
The lot size of Millworks Technologies IPO is 400 shares.
The minimum investment for Millworks Technologies IPO is approximately ₹2,64,800 based on the upper price band .
Millworks Technologies IPO opens on Jul 14, 2026 and closes on Jul 16, 2026.
The allotment date of Millworks Technologies IPO is Jul 17, 2026.
Millworks Technologies IPO is expected to be listed on Jul 21, 2026, on BSE SME Platform.
No GMP quote could be verified as recorded before Millworks Technologies IPO listed. A grey-market observation of ₹297 per share was recorded on 21 Jul 2026, 6:30 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹628.9. GMP is unofficial and does not forecast or guarantee the actual listing price.
Millworks Technologies IPO valuation snapshot: P/E 15.73, EPS ₹21.04/-, P/B 5.11, RoNW 44.83%, and market cap ₹583.05 Cr.
To apply for Millworks Technologies IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Millworks Technologies IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Millworks Technologies IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Millworks Technologies IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Millworks Technologies IPO allotment status on IPO Ji for quick and easy access.