Search IPOs
MILLWORKS · BSE · Precision Engineering
Millworks Technologies IPO listed on 21 Jul 2026 on BSE at ₹628.90, a gain of 90.00% over the issue price of ₹331.00. The IPO was subscribed 218.56x overall.
Millworks Technologies IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 14 Jul 2026 |
| IPO Close Date | 16 Jul 2026 |
| Basis of Allotment | 17 Jul 2026 |
| Initiation of Refunds | 20 Jul 2026 |
| Credit of Shares to Demat | 20 Jul 2026 |
| Listing Date | 21 Jul 2026 |
Listing day gain
+90%
Listed at ₹628.9 (issue ₹331)
Issue
₹331
Listing
₹628.9
Current
₹660.3
+99.49% vs issue
Day range
₹628.9 – ₹660.3
Issue Size
4,844,000 shares
(aggregating up to ₹160.00 Cr)
Issue Price
₹315 – ₹331
Face Value
₹10/share
Market Lot
400 shares
Retail Min Investment
₹264,800
Listing At
BSE
Sale Type
fresh issue
Fresh Issue
4,420,000 shares
(aggregating up to ₹146 Cr)
Offer for Sale
[.]
Reserved for Market Maker
424,000 shares
(aggregating up to ₹14.00 Cr)
Issue Type
book building
Open Date
14 Jul
Close Date
16 Jul
Allotment
17 Jul
Listing
21 Jul
Last updated: 2 months ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 21 Jul 2026 Latest | ₹331 | ₹395 | ₹726 | ₹395 |
119.34%
|
1:23 AM |
| 21 Jul 2026 | ₹331 | ₹395 | ₹726 | ₹395 |
119.34%
|
1:22 AM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 16 Jul 2026
| Category | Subscribed (x) | No. of Applications |
|---|---|---|
| QIB | 194.05x | - |
| NII | 260.37x | - |
| bNII (bids above ₹10L) | 289.84x | - |
| sNII (bids below ₹10L) | 201.44x | - |
| Individual Investors | 216.6x | - |
| Total | 218.56x | - |
Showing the latest subscription snapshot.
View full subscription historyMr. Sridhar Acharya, Mr. H K Madhu, Mrs. Sowmya Madhu, and Mrs. Rashmi Sridhar Acharya are the company promoters.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 2 | 800 | ₹264,800 |
| Retail (Max) | 2 | 800 | ₹264,800 |
| S-HNI (Min) | 3 | 1,200 | ₹397,200 |
| S-HNI (Max) | 7 | 2,800 | ₹926,800 |
| B-HNI (Min) | 8 | 3,200 | ₹1,059,200 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 2,209,200 (45.61%) |
|
•
Anchor Investor Shares Offered
|
1,325,200 (27.36%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
884,000 (18.25%) |
| NII (HNI) Shares Offered | 663,600 (13.70%) |
|
•
bNII > ₹10L
|
442,400 (9.13%) |
|
•
sNII < ₹10L
|
221,200 (4.57%) |
| Individual Investors Shares Offered | 1,547,200 (31.94%) |
| Market Maker Shares Offered | 424,000 (8.75%) |
| Total Shares Offered | 4,844,000 (100.00%) |
Incorporated in November 2021, Millworks Technologies Limited has quickly established itself as a high-precision engineering powerhouse in India’s manufacturing landscape. Headquartered in Bengaluru, Karnataka, the company operates across four state-of-the-art facilities covering a massive 40,000 square feet footprint in the Peenya Industrial Area and Nelamangala.
The firm specializes in designing, forging, and manufacturing custom precision-machined components, sheet metal parts, and intricate sub-assemblies. Millworks does not deal in mass-market consumer hardware; instead, it serves high-stakes, technologically intensive sectors like Aerospace, Defense, Rail Transport, and Semiconductors. Utilizing advanced CNC turning, vertical milling, and computerized laser-cutting systems, the company manufactures critical aero-engine parts, structural components, and specialized semiconductor housing blocks built to endure extreme conditions.
Holding prestigious AS9100D and ISO aerospace quality certifications, Millworks leverages advanced Zeiss coordinate measuring machinery to maintain microscopic accuracy. This strict engineering discipline has driven massive growth, with revenues surging past ₹22 crore in recent cycles. As the enterprise prepares for its public market debut on the BSE SME platform, it stands out as a highly scalable, tech-first pioneer perfectly positioned to support global supply chains and national aerospace self-reliance.
Standalone · ₹ in Crores
| Particulars | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Total Revenue | 1.78 | 9.4 | 68.02 |
| Profit After Tax (PAT) | 0.33 | 1.95 | 20.5 |
| EBITDA | 0.45 | 2.78 | 30.69 |
| Total Assets | 3.79 | 10.64 | 115.83 |
| Net Worth | 0.38 | 2.33 | 56.82 |
| Reserves & Surplus | 0.33 | 2.28 | 56.76 |
| Total Borrowing | 2.3 | 4.57 | 16.67 |
Revenue & Profit Trend
The basis of allotment for Millworks Technologies IPO was finalised on 17 Jul 2026. You can check your allotment status using your PAN number or application number on the Purva Sharegistry (India) Private Limited portal or BSE.
The Millworks Technologies IPO is expected to open in Jul 2026, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Millworks Technologies IPO is ₹315.00 - ₹331.00 per share.
As per market sources, Millworks Technologies IPO GMP is currently ₹395.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Millworks Technologies IPO stands at 218.56x overall.
The listing date for Millworks Technologies IPO is 21 Jul 2026.
No comments yet. Be the first to comment!
