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Millworks Technologies Ltd IPO
BSE SME Bookbuilding IPO Fresh capital only Closed Live Chart
GMP +₹400 +120.85% Est. Listing ₹731 P&L/Lot +₹160,000
Issue Price
₹331
Face ₹10
GMP
+₹400
+120.85% premium
Est. Listing
₹731
GMP based
Subscribed
219.54
🔥 Hot
Min Amount
₹132,400
1 lot · 400 shares
Live Price
tap to chart
Allotment
Important Dates
6/6 completed
Open
Close
Allotment
Refund
Demat
Listing
Done
Open Date
14 Jul 2026
Tue Completed
Done
Close Date
16 Jul 2026
Thu Completed
Done
Allotment
17 Jul 2026
Fri Completed
Done
Refund
20 Jul 2026
Mon Completed
Done
Demat Credit
20 Jul 2026
Mon Completed
Today
Listing Date
21 Jul 2026
Tue Today
Issue Details
Pricing & Size
Issue Price
₹331 Face ₹10
Lot Size
400 shares
Min Investment
₹132,400
Total Issue Size
48,44,000 shares (agg. up to ₹160 Cr)
IPO Information
Issue Type
Bookbuilding IPO
Sale Type
Fresh capital only
Listing Exchange
BSE SME
Script / Ticker
-
Allocation Breakdown
Market Maker
4,24,000
QIB Portion
884000.00
NII / HNI
663600.00
Retail
1547200.00
Employee
-
Net Offer to Public
44,20,000 shares (agg. up to ₹146 Cr)
Shareholding Pattern
Pre-Issue Shareholding
1,27,70,755 shares
Post-Issue Shareholding
1,76,14,755 shares
Application Size
CategoryMin LotsSharesAmount
Retail (sNII) 2 800 ₹2,64,800
HNI / NII 3 1200 ₹3,97,200
Objects of Issue
3 objectives
1
Funding capital expenditure of our company to purchase Plant and Machinery
61.03 Cr
2
Funding the working capital requirements of the company
87.00 Cr
3
General Corporate Purposes
Lead Managers & Market Maker
Book Running Lead Managers
GYR Capital Advisors Pvt.Ltd
Market Maker
Pace Stock Broking Services Pvt.Ltd.
IPO Timeline
Open
14 Jul
✓ Done
Close
16 Jul
✓ Done
Allotment
17 Jul
✓ Done
Listing
21 Jul
● Active
Registrar Details
Purva Sharegistry (India) Pvt.Ltd
SEBI Registered Registrar & Transfer Agent
Phone
022-41343255
Email
newissue@purvashare.com
Company Contact
Email
cs@millworksindia.com
Phone
+91 9187045959
Address
No.458/1, 10th a Cross, Phase-4, Peenya Industrial Area, Peenya Small Industries Bangalore Urban, Karnataka, 560058
Grey Market Premium
LIVE
Current GMP
+₹400
+120.85% vs Issue Price
Issue Price
₹331
Est. Listing
₹731
Lot Size
400 shares
P&L / Lot
+₹160,000
GMP is unofficial grey market data. Does not guarantee listing price or returns.
GMP Return Calculator
Estimated Listing
GMP %
Investment (1 Lot)
Total Investment
Expected P&L
ROI
Millworks Technologies Ltd LIVE
INR ·
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| Price
Market Reference
IPO Issue Price
₹331
GMP
+₹400 (+120.85%)
GMP Est. Listing
₹731
Previous Close
Exchange
Data from Yahoo Finance. May be delayed 15–20 min. GMP is unofficial. Not investment advice.
219.54
Overall Sub.
🔥 Hot
194.05
QIB
216.60
Retail
Category-wise Subscription
Category Sub (×) Offered Bid For Amt (Cr)*
QIB 194.05× 8,84,000 17,15,36,800 ₹5,677.87 Cr
NII / HNI (Total) 260.37× 6,63,600 17,27,83,200 ₹5,719.12 Cr
Retail Investors 216.60× 15,47,200 33,51,20,800 ₹11,092.50 Cr
Total ** 219.54× 30,94,800 67,94,40,800 ₹22,489.49 Cr
Market Maker * 4,24,000 4,24,000 ₹14.03 Cr
* Based on ₹331.00 (upper price band)
NII / HNI Breakdown
Shares Reserved
QIB
8,84,000
NII
6,63,600
Retail
15,47,200
Market Maker
4,24,000
* Shares Offered and Total Amount are indicative. ** Excluding Market Maker portion. Data sourced from exchange bidding platform.
Financial Summary
Amount in ₹ Crore
Metric30 Nov 202531 Mar 202531 Mar 2024
Revenue68.0222.429.40
PAT20.505.251.95
EBITDA30.697.892.78
Net Worth56.8223.322.33
Total Assets115.8340.8410.64
Reserves56.7623.262.28
Borrowings16.679.634.57
Key Financial Ratios
69.94
ROE
Return on Equity
56.44
ROCE
Return on Capital Employed
44.83
RONW
Return on Net Worth
24.91
PAT Margin
PAT / Revenue
36.71
EBITDA Mgn
EBITDA / Revenue
0.21
D/E Ratio
Debt to Equity
5.11
P/BV
Price to Book Value
4.11
Pre EPS
EPS Pre-Issue
17.45
Post EPS
EPS Post-Issue
80.48
Pre P/E
P/E Pre-Issue
18.96
Post P/E
P/E Post-Issue
About Millworks Technologies Ltd

Millworks Technologies Ltd. is a precision engineering company specializing in the manufacture of high-accuracy machined components, sheet metal parts, and integrated assemblies for mission-critical applications across the railways, aerospace, defence, and semiconductor industries.

Business Verticals:

  • Aerospace: Precision-machined components and sub-assemblies used in aero-engine applications.
  • Defense: Machined components and sub-assemblies such as missile airframe components, guidance system housings, structural brackets and mounts, and hydraulic cylinder parts, etc.
  • Railways: Precision components used in train control and rolling stock infrastructure, and manufacturing components for train and metro door systems, including parts used in door mechanisms and actuators.
  • Semiconductor Machinery: precision-engineered components and fixtures used in semiconductor manufacturing and testing equipment, such as machine base frames, precision brackets and mounts, alignment plates, and equipment housings, etc.

Its operations are executed under both Build-to-Print (BTP) and Build-to-Spec (BTS) models, along with full-scope manufacturing and job-work arrangements. Under the Build-to-Print (BTP) model, it manufactures components strictly in accordance with customer-supplied drawings and technical specifications. In contrast, the Build-to-Spec (BTS) model involves producing components based on functional and performance requirements defined by customers to deliver solutions aligned with their operational objectives.

As of November 30, 2025, the company operates four advanced manufacturing facilities in Bengaluru, Karnataka. These facilities are equipped with state-of-the-art infrastructure, including CNC machining centers (3-axis, 4-axis, and 5-axis), CNC turning and turn-mill centers, wire EDM machines, fibre laser cutting systems, CNC press brakes, welding stations, and dedicated assembly and inspection areas.

Competitive 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
What is the issue price of Millworks Technologies Ltd IPO?
The issue price of Millworks Technologies Ltd IPO is ₹331 per share, face value ₹10.
What is the lot size?
Minimum lot size is 400 shares, requiring ₹132,400.
What are the IPO dates?
Opens 14 Jul 2026, closes 16 Jul 2026.
When is the listing date?
Tentative listing: 21 Jul 2026 on BSE SME.
What is the current GMP?
Current GMP is +₹400, estimated listing ₹731 (+120.85%). GMP is unofficial.
How to apply?
Apply via ASBA through your bank, or via UPI through any broker app.

Check Allotment Status

Millworks Technologies Ltd IPO · Expected 17 Jul 2026

Check on Registrar
Post-IPO Timeline
Allotment Date
17 Jul 2026
Refund Initiation
20 Jul 2026
Demat Credit
20 Jul 2026
Listing Date
21 Jul 2026
Live Price LIVE
Quick Facts
Closed
GMP Signal
Bullish
+₹400
+120.85%
Issue Price
₹331
Face ₹10
Lot Size
400
shares / lot
Min Amount
₹132,400
1 lot
Est. Listing
₹731
GMP +₹400
Subscription
Overall219.54×
QIB194.05×
NII260.37×
Retail216.60×
Key Dates
Open
14 Jul Done
Close
16 Jul Done
Listing
21 Jul Today
Registrar
Purva Sharegistry (India) Pvt.Ltd
A
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