What is the GMP of Millworks Technologies IPO today?

The Grey Market Premium (GMP) for Millworks Technologies IPO is currently ₹395. With an upper price band of ₹331, the estimated listing price is ₹726 per share, reflecting an expected listing gain of ~119.34%. Grey market premiums can fluctuate based on market sentiment and subscription demand.

What is the price band and lot size for Millworks Technologies IPO?

The price band for Millworks Technologies IPO is ₹315 to ₹331 per equity share. The minimum lot size is 400 shares, which requires a minimum retail application investment of ₹1,32,400.

What are the important dates for Millworks Technologies IPO?

Millworks Technologies IPO opens for subscription on 2026-07-14T00:00:00 and closes on 2026-07-16T00:00:00. The basis of allotment is scheduled for 2026-07-17T00:00:00, and shares are expected to list on 2026-07-21T00:00:00 on BSE, NSE.

How can I check the allotment status for Millworks Technologies IPO?

You can check Millworks Technologies IPO allotment status on the registrar's official portal (Purva Sharegistry India Pvt Ltd) or through the official BSE and NSE IPO allotment status pages using your PAN number or Application number.

How to apply for Millworks Technologies IPO?

Investors can apply for Millworks Technologies IPO online through ASBA (Application Supported by Blocked Amount) via their internet banking account, or via UPI using authorized stockbroking platforms like Zerodha, Groww, Angel One, and Upstox.

When does the Millworks Technologies IPO open and close?

The IPO opens on 14 Jul 2026, and closes on 16 Jul 2026.

What is Millworks Technologies IPO price band?

The issue price band is ₹315.00 to ₹331.00 per equity share.

What is the Millworks Technologies IPO lot size?

The minimum lot size is 400 shares per application.

What is the Millworks Technologies IPO allotment date?

The allotment is scheduled on 17 Jul 2026.

Millworks Technologies IPO Details - Dates, Price Band, Issue Size

All IPOs

Issue Size

160.00 Cr

Price Band

₹315.00 - ₹331.00

Lot Size

400 Shares

Min Investment

₹2,64,800

GMP

₹395

Subscription

115.21x

₹16,855.49 Cr

14 Jul 2026

IPO Opens

COMPLETED

16 Jul 2026

IPO Closes

COMPLETED

17 Jul 2026

Basis of Allotment

COMPLETED

20 Jul 2026

Refunds

COMPLETED

20 Jul 2026

Demat Credit

COMPLETED

21 Jul 2026

Listing

COMPLETED

IPO Timeline

IPO OpensDONE

14 Jul 2026

IPO ClosesDONE

16 Jul 2026

Basis of AllotmentDONE

17 Jul 2026

RefundsDONE

20 Jul 2026

Demat CreditDONE

20 Jul 2026

ListingDONE

21 Jul 2026

About Millworks Technologies IPO

Millworks Technologies IPO open date is July 14, 2026 and the IPO will close on July 16, 2026. Millworks Technologies IPO is a BSE SME Issue. The company to raise around ₹160.34 crores via IPO that comprises fresh issue of ₹160.34 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

Millworks Technologies IPO price band is ₹315 to ₹331 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. Millworks Technologies IPO to list on BSE on July 21, 2026. The allotment of Millworks Technologies IPO date is July 17, 2026.

The company reported revenue of ₹22.42 crores in 2025 against ₹9.40 crores in 2024. The company reported profit of ₹5.25 crores in 2025 against profit of ₹1.95 crores in 2024. As per the financials, the IPO investors should apply the IPO for a long term.

IPO Details

Millworks Technologies IPO Details and Specifications
IPO Date	14 Jul 2026 to 16 Jul 2026
Face Value	₹10 Per Share
Price Band	₹315.00 - ₹331.00
Lot Size	400 Shares
Total Issue Size	Approx 160.00 Cr 48,44,000 Equity Shares
Fresh Issue	Approx 146.00 Cr 44,20,000 Equity Shares
Offer for Sale	Approx 0.00 Cr 0 Equity Shares
Retail Portion	35%
Sale Type	Fresh Issue
Issue Type	Book-Building IPO
Listing Date	21 Jul 2026
Listing At	BSE
Total Subscription Amount	₹16,855.49 Cr

Issue Reservation

Investor Category	Shares Offered	% Net Issue
QIB	22,09,200	49.98%
- Anchor	13,25,200	0.00%
- QIB (Ex. Anchor)	8,84,000	0.00%
NII	6,63,600	15.01%
- bNII > ₹10L	4,42,400	0.00%
- sNII < ₹10L	2,21,200	0.00%
Retail	15,47,200	35.00%
Market Maker	4,24,000	0.00%
Total	48,44,000	99.99%

IPO Lot Size

Application	Lots	Shares	Amount
Individual investors (Retail) (Min)	2	800	₹2,64,800
Individual investors (Retail) (Max)	2	800	₹2,64,800
S-HNI (Min)	3	1,200	₹3,97,200
S-HNI (Max)	7	2,800	₹9,26,800
B-HNI (Min)	8	3,200	₹10,59,200

About Company

Incorporated in November 2021, Millworks Technologies Limited is a precision engineering and manufacturing company specializing in the design, development, and production of high-precision components and assemblies for the railway, aerospace, defence, metro rail, drone, and semiconductor industries. The company manufactures a wide range of mission-critical products, including railway coach components, braking systems, door mechanisms, metro train couplers, aerospace and aeronautical components, drone parts, and precision components for semiconductor manufacturing equipment.

Contact Details

Millworks Technologies Ltd.

No.458/1, 10th a Cross, Phase-4,

Peenya Industrial Area, Peenya Small Industries

Bangalore Urban, Karnataka, 560058

+91 9187045959

newissue@purvashare.com

Visit Website

Registrar

Purva Sharegistry India Pvt Ltd

022-41343255

newissue@purvashare.com

Lead Managers

GYR Capital Advisors Pvt Ltd

Day-wise GMP Trend

Date & Time	GMP (₹)	Est. Listing Price	Est. Gain (%)	Est. Profit / Lot (₹)
21-Jul-2026 12:00 PM	+₹395	₹726	+119.34%	₹1,58,000
20-Jul-2026 12:00 PM	+₹298	₹629	+90.03%	₹1,19,200
17-Jul-2026 12:00 PM	+₹298	₹629	+90.03%	₹1,19,200
16-Jul-2026 12:00 PM	+₹400	₹731	+120.85%	₹1,60,000
15-Jul-2026 12:00 PM	+₹300	₹631	+90.63%	₹1,20,000
14-Jul-2026 12:00 PM	+₹350	₹681	+105.74%	₹1,40,000
13-Jul-2026 12:00 PM	+₹395	₹726	+119.34%	₹1,58,000
11-Jul-2026 12:00 PM	+₹400	₹731	+120.85%	₹1,60,000
10-Jul-2026 12:00 PM	+₹350	₹681	+105.74%	₹1,40,000
09-Jul-2026 12:00 PM	+₹350	₹681	+105.74%	₹1,40,000
08-Jul-2026 12:00 PM	+₹280	₹611	+84.59%	₹1,12,000

Subscription Status

Category	Subscription (x)	Shares Offered	Shares bid for	Total Amount (₹ Cr)
Anchor	1.00x	13,25,200	13,25,200	₹43.86 Cr
NII	260.37x	6,63,600	17,27,83,200	₹5,719.12 Cr
bNII > ₹10L	289.84x	4,42,400	12,82,24,400	₹4,244.23 Cr
sNII < ₹10L	201.44x	2,21,200	4,45,58,800	₹1,474.90 Cr
Retail	216.60x	15,47,200	33,51,20,800	₹11,092.50 Cr
Market Maker	1.00x	4,24,000	4,24,000	₹14.03 Cr
Total	115.21x	39,60,000	50,96,53,200	₹16,855.49 Cr

Objects of the Issue

01 Funding capital expenditure of Company to purchase Plant and Machinery : 61.03 Cr
02 Funding the working capital requirements of the Company : 81.50 Cr
03 General Corporate Purposes : 9.71 Cr
04 Issue Expenses : 8.10 Cr

Company Financials

Period Ended	31 MAR 2026	31 MAR 2025	31 MAR 2024
Total Income	153.40	22.42	9.40
Profit After Tax	37.06	5.25	1.95
EBITDA	56.30	7.89	2.78
NET Worth	82.67	23.31	2.33
Reserves and Surplus	69.90	23.25	2.28
Total Borrowing	17.02	9.63	4.57

Amount in ₹ Crore

IPO Valuation - KPI

KPI	31 Mar 2026
ROCE	56.44%
Debt/Equity Ratio	0.21
Return on Net Worth (RoNW)	44.83%
PAT Margin	24.91%
EBITDA Margin	36.71%
Net Asset Value (NAV)	₹64.73
Earning Per Share (EPS)	₹21.04
Price/Earning P/E Ratio	15.73x

Peer Comparison

Company Name	EPS (₹)	P/E (x)	NAV (₹)	RoNW (%)	Income (₹ Cr)
Azad Engineering Ltd	20.57	96.45	236.74	8.74	648.63
Unimech Aerospace and Manufacturing Ltd	12.44	87.87	144.99	87.87	287.46

Promoters and Holding Pattern

Sridhar Acharya, H K Madhu, Sowmya Madhu and Rashmi Sridhar Acharya. is the company's promoter of Millworks Technologies.

Particular	Pre IPO	Post IPO
Promoter and Promoter Group	65.08%	47.18%
Others*	34.92%	52.82%

Strengths

Precision Engineering Capability and Manufacturing of Complex Components Across Diverse Materials
Certified Quality Management Systems Supporting Process
Comprehensive Manufacturing Infrastructure
Global Customer Relationships and Export-Oriented Business Operations
Structured Research and Development Function
Experienced Management and Skilled Technical Workforce
Strong order book of Rs 9,594.45 lakhs (As of Jan 10, 2026)

Frequently Asked Questions (FAQ)

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About Millworks Technologies IPO

IPO Details

Millworks Technologies IPO Details and Specifications
IPO Date	14 Jul 2026 to 16 Jul 2026
Face Value	₹10 Per Share
Price Band	₹315.00 - ₹331.00
Lot Size	400 Shares
Total Issue Size	Approx 160.00 Cr 48,44,000 Equity Shares
Fresh Issue	Approx 146.00 Cr 44,20,000 Equity Shares
Offer for Sale	Approx 0.00 Cr 0 Equity Shares
Retail Portion	35%
Sale Type	Fresh Issue
Issue Type	Book-Building IPO
Listing Date	21 Jul 2026
Listing At	BSE
Total Subscription Amount	₹16,855.49 Cr

Investor Category

Shares Offered

% Net Issue

QIB

22,09,200

49.98%

- Anchor

13,25,200

0.00%

- QIB (Ex. Anchor)

8,84,000

0.00%

NII

6,63,600

15.01%

- bNII > ₹10L

4,42,400

0.00%

- sNII < ₹10L

2,21,200

0.00%

Retail

15,47,200

35.00%

Market Maker

4,24,000

0.00%

Total

48,44,000

99.99%

Application

Lots

Amount

Individual investors (Retail) (Min)

800

₹2,64,800

Individual investors (Retail) (Max)

800

₹2,64,800

S-HNI (Min)

1,200

₹3,97,200

S-HNI (Max)

2,800

₹9,26,800

B-HNI (Min)

3,200

₹10,59,200

About Company

Contact Details

Millworks Technologies Ltd.

No.458/1, 10th a Cross, Phase-4,

Peenya Industrial Area, Peenya Small Industries

Bangalore Urban, Karnataka, 560058

+91 9187045959

newissue@purvashare.com

Visit Website

Date & Time

GMP (₹)

Est. Listing Price

Est. Gain (%)

Est. Profit / Lot (₹)

21-Jul-2026 12:00 PM

+₹395

₹726

+119.34%

₹1,58,000

20-Jul-2026 12:00 PM

+₹298

₹629

+90.03%

₹1,19,200

17-Jul-2026 12:00 PM

+₹298

₹629

+90.03%

₹1,19,200

16-Jul-2026 12:00 PM

+₹400

₹731

+120.85%

₹1,60,000

15-Jul-2026 12:00 PM

+₹300

₹631

+90.63%

₹1,20,000

14-Jul-2026 12:00 PM

+₹350

₹681

+105.74%

₹1,40,000

13-Jul-2026 12:00 PM

+₹395

₹726

+119.34%

₹1,58,000

11-Jul-2026 12:00 PM

+₹400

₹731

+120.85%

₹1,60,000

10-Jul-2026 12:00 PM

+₹350

₹681

+105.74%

₹1,40,000

09-Jul-2026 12:00 PM

+₹350

₹681

+105.74%

₹1,40,000

08-Jul-2026 12:00 PM

+₹280

₹611

+84.59%

₹1,12,000

Millworks Technologies IPO Details

About Millworks Technologies IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Strengths

Frequently Asked Questions (FAQ)

When does the Millworks Technologies IPO open and close?

What is Millworks Technologies IPO price band?

What is the Millworks Technologies IPO lot size?

What is the Millworks Technologies IPO allotment date?

What is the Millworks Technologies IPO listing date?

What is the minimum investment required in Millworks Technologies IPO?

Join the discussion

Millworks Technologies IPO Details

About Millworks Technologies IPO

IPO Details

Issue Reservation

IPO Lot Size

About Company

Day-wise GMP Trend

Objects of the Issue

Company Financials

IPO Valuation - KPI

Peer Comparison

Promoters and Holding Pattern

Strengths

Frequently Asked Questions (FAQ)

When does the Millworks Technologies IPO open and close?

What is Millworks Technologies IPO price band?

What is the Millworks Technologies IPO lot size?

What is the Millworks Technologies IPO allotment date?

What is the Millworks Technologies IPO listing date?

What is the minimum investment required in Millworks Technologies IPO?

Join the discussion