Millworks Technologies
21 Jul '26SME
Min. Investment
₹2,52,000
Issue size
₹160.34 Cr
GMP
Locked
Overall subscription: 43.05x
Expert verdict
IPO dates
14 Jul
Opening
16 Jul
Closing
17 Jul
Allotment
21 Jul
Listing
*Refunds will be initiated on 20 Jul '26
IPO quota
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 800 | ₹2,64,800 |
Subscription (as on 15 July 2026, 05:30 PM)
Overall43.05x
Qualified institutional buyers
Non-Institutional Buyers
Retail Investors
Employee
About company
- Millworks Technologies is a precision engineering company engaged in the manufacture of machined components, sheet metal parts, and integrated assemblies used in the railways, aerospace, defence, and semiconductor sectors. It operates under Build-to-Print (BTP) and Build-to-Spec (BTS) models, manufacturing products based on customer drawings, technical specifications, or functional requirements.
- Its product portfolio includes precision components and sub-assemblies for aero-engines, defence platforms, railway systems, and semiconductor manufacturing equipment. The company primarily supplies its products to original equipment manufacturers (OEMs). As of November 30, 2025, it operates four manufacturing facilities in Bengaluru, Karnataka, equipped with CNC machining centres, laser cutting systems, press brakes, welding equipment, and assembly and inspection infrastructure.
- The company’s manufacturing operations are supported by quality management systems certified under AS9100D and ISO 9001:2015.
- Use of proceeds:
- This is a fresh issue of shares. Therefore, the net proceeds from the fresh issue will go to the company. They will be utilised for the following purposes:
- Funding capital expenditure of the company to purchase plant and machinery — Rs 61.03 crore
- Funding the working capital requirements of the company — Rs 87 crore
- General corporate purposes.
Issue Details & Objective
Lot size
400 Shares
Price band
₹315 to 331
Face value
₹10 per share
Financials
IPO reservation
Anchor investor - 27.36%
QIB - 18.25%
HNI - 13.70%
Retail - 31.94%
Download DRHP (IPO Doc)FAQs
Should I apply for the Millworks Technologies IPO?
Our SEBI-registered investment advisors give out verdicts for each IPO. You can refer to their expert verdict at the top of this page. Please note that these verdicts are for informational purposes only and should not be construed as investment advice. Markets are subject to risk, and investors should exercise their own discretion and diligence.
What is the issue size of Millworks Technologies IPO?
The issue size of Millworks Technologies IPO is ₹160.34 Cr
What are the open and close dates for Millworks Technologies IPO?
The Millworks Technologies IPO will be open for applications from 14 Jul '26 to 16 Jul '26
What is the lot size and minimum order quantity of Millworks Technologies IPO?
The lot size of Millworks Technologies IPO is 400 Shares and its minimum investment amount is ₹2,52,000.
What is the GMP value of Millworks Technologies IPO?
Grey market premium (GMP) is a premium amount at which grey market IPO shares are traded before they get listed in the stock exchange. The GMP for Millworks Technologies IPO is null
