Millworks Technologies Limited

ЁЯПв Company Profile

Headquartered in Bengaluru, Millworks Technologies Limited is a precision engineering company. It manufactures high-accuracy machined components, sheet metal parts, sub-assemblies, and integrated assemblies.

  • Business Model: Operates through Build-to-Print (BTP) and Build-to-Spec (BTS) models.

  • Key Sectors: Aerospace, defence, railways, and semiconductors.

  • Infrastructure: Operates four manufacturing facilities in Bengaluru.

ЁЯУЕ Key IPO Dates & Details

  • IPO Timeline:

    • Opening Date: July 14, 2026

    • Closing Date: July 16, 2026

    • Allotment Date: July 17, 2026

    • Listing Date: July 21, 2026 (on the BSE SME platform)

  • Price Band: тВ╣315 to тВ╣331 per equity share.

  • Total Issue Size: тВ╣160.34 Crore (100% Fresh Issue of 48,44,000 shares).

  • Lot Size: Minimum 2 lots (800 shares) for retail, requiring a minimum investment of тВ╣2,64,800. (Note: Some platforms display a minimum of 400 shares per lot, but the standard minimum entry value for retail application sits at тВ╣2,64,800).

  • Lead Manager: GYR Capital Advisors Pvt. Ltd.

  • Registrar: Purva Sharegistry (India) Pvt. Ltd.

ЁЯУИ Grey Market Premium (GMP)

As of July 14, 2026, the Grey Market Premium (GMP) for Millworks Technologies is trading strongly in the range of тВ╣275 to тВ╣395.

  • Taking an average premium of around тВ╣300 тАУ тВ╣395, it indicates a massive estimated listing gain of 90% to 120% over the upper price band of тВ╣331.

  • Expected listing price indicator: тВ╣606 тАУ тВ╣726.

ЁЯУК Subscription Status (Day 1)

The IPO has opened to massive investor interest and was fully subscribed within hours on Day 1. The approximate subscription breakdown as of July 14, 2026, is:

Investor Category Subscription Multiplier
Retail Individual Investors (RII) ~11.45x to 11.77x
Non-Institutional Investors (NII/HNI) ~8.87x to 9.06x
Qualified Institutional Buyers (QIB) 0.00x (Usually bids on the final day)
Total Subscription ~7.6x to 7.8x

ЁЯТ░ Financial Highlights (FY26)

The company reported explosive growth in its restated financials leading up to the IPO:

  • Total Income: тВ╣153.40 Crore

  • Profit After Tax (PAT): тВ╣37.06 Crore (A massive 606% jump from FY25)

  • EBITDA Margin: ~36.71% (Extremely healthy for a manufacturing unit)

Objects of the Issue: The funds raised will be primarily allocated towards purchasing plant and machinery (тВ╣61.03 Cr), funding working capital needs (тВ╣81.50 Cr), and general corporate purposes.

(Disclaimer: GMP is an unofficial, unregulated market indicator. Stock investments are subject to market risks. Read the Red Herring Prospectus [RHP] carefully before investing.)

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