Millworks Technologies

LISTED

IPO Date: 14 Jul - 16 Jul 2026

Listing Date: 21 Jul 2026

Price Range

₹315 to ₹331

Issue Size

160 Cr

Min Investment

₹2,52,000

2 lots minimum (SEBI rule for SME)

Min Application

800 Shares

400 per lot × 2

View IPO Document

Schedule of Millworks Technologies

  1. Issue open date

    14 Jul 2026

  2. Issue close date

    16 Jul 2026

  3. UPI mandate deadline

    16 Jul 2026 (5 PM)

  4. Allotment finalization

    17 Jul 2026

  5. Share credit

    20 Jul 2026

  6. Listing date

    21 Jul 2026

  7. Mandate end date

    31 Jul 2026

Issue size

Funds Raised in the IPOAmount
Overall160 Cr
Fresh Issue0.48 Cr
Offer for Sale0 Cr

Allotment DetailsNew

Allotment TimelineDetails
Allotment Date17 Jul 2026
Allotment Link{Link}

Grey Market Premium

New

Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.

DateIPO PriceGMPEst. Listing Price
20 Jul 2026Latest₹331₹395₹726(+119.34%)
19 Jul 2026₹331₹390₹721(+117.82%)
18 Jul 2026₹331₹390₹721(+117.82%)
17 Jul 2026₹331₹400₹731(+120.85%)
16 Jul 2026₹331₹380₹711(+114.8%)
15 Jul 2026₹331₹400₹731(+120.85%)
14 Jul 2026₹331₹300₹631(+90.63%)
13 Jul 2026₹331₹300₹631(+90.63%)
12 Jul 2026₹331₹395₹726(+119.34%)
11 Jul 2026₹331₹390₹721(+117.82%)
10 Jul 2026₹331₹350₹681(+105.74%)
9 Jul 2026₹331₹350₹681(+105.74%)
8 Jul 2026₹331₹350₹681(+105.74%)

Performance Millworks Technologies

Issue PriceListing GainCurrent Market PriceP/L
₹315 to ₹331....₹ 1035212.69%

About Millworks Technologies

Millworks Technologies Limited is a precision engineering and manufacturing company incorporated in November 2021 and headquartered in Bengaluru, Karnataka. It specializes in designing, developing, and manufacturing high-precision machined components, sub-assemblies, and assemblies for the railway, aerospace, defence, metro rail, drone, and semiconductor industries. The company operates multiple advanced manufacturing facilities equipped with CNC machining and precision metrology systems, enabling it to produce mission-critical components with stringent quality standards. It also provides integrated manufacturing and global sourcing solutions for industrial customers.

Founded in2021
Managing directorSridhar Acharya
Parent organization

Financial Overview

Strengths

4
  1. 1

    Advanced precision manufacturing capabilities with CNC machining, sheet metal fabrication, and assembly operations.

  2. 2

    Diversified presence across high-growth sectors including aerospace, defence, railways, metro rail, drones, and semiconductors.

  3. 3

    AS9100D-certified manufacturing facilities ensuring compliance with stringent aerospace quality standards.

  4. 4

    Integrated business model offering design, manufacturing, assembly, and global sourcing solutions.

Risks

4
  1. 1

    High dependence on capital-intensive industries such as aerospace, defence, and railways, where project delays can impact revenue.

  2. 2

    Business requires continuous investment in advanced machinery and technology to remain competitive.

  3. 3

    Customer concentration risk, as loss of key OEM or government-related customers could affect earnings.

  4. 4

    Exposed to fluctuations in raw material prices and supply chain disruptions, which may impact margins.

Subscription Figures

CategorySubscription (No. of times)
Qualified Institutional Buyers (QIBs)0.22
Non-Institutional Investors (NIIs)68.32
Retail Individual Investors (RIIs)71.73
EmployeeN/A
Total50.57