Millworks Technologies IPO
Millworks Technologies IPO
Overview
Millworks Technologies IPO is a book build issue of ₹160.34 crores. The issue is entirely a fresh issue of 0.48 crore shares of ₹160.34 crore. Millworks Technologies IPO opens for subscription on Jul 14, 2026 and closes on Jul 16, 2026. The allotment for the Millworks Technologies IPO is expected to be finalized on Jul 17, 2026. Millworks Technologies IPO will list on the BSE SME with a tentative listing date fixed as Jul 21, 2026. Millworks Technologies IPO is set issue price band at ₹315 to ₹331 per share. The lot size for an application is 400 shares. The minimum amount of investment required by an individual investor (retail) is ₹2,64,800 (800 shares) (based on upper price). The minimum lot size for investment in HNI is 3 lots (1,200 shares), amounting to ₹3,97,200. GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Purva Sharegistry (India) Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Pace Stock Broking Services Pvt.Ltd.
Total Shares
48,44,000
Issue Size
₹160 Cr
Price Band
₹315 – ₹331
Lot Size
400 shares
Min. Investment
₹1,32,400
Max. Investment
₹1,32,400
Open Date
14 Jul, 2026
Close Date
16 Jul, 2026
Allotment
17 Jul, 2026
Listing
21 Jul, 2026
Max. Investment
₹1,32,400
Announced
14 Jul, 2026
Opening Date
14 Jul, 2026
Closing Date
16 Jul, 2026
Basis of Allotment
17 Jul, 2026
Initiation of Refunds
20 Jul, 2026
Credit of Shares
20 Jul, 2026
Listing Date
21 Jul, 2026
Live GMP
Est. Listing: ₹731
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About Millworks Technologies IPO
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 component
Millworks Technologies IPO Share Price
Issue Breakdown
Shareholding
Dilution: 37.9% increase in shares
Millworks Technologies IPO Financial Health
Millworks Technologies Ltd.'s revenue increased by 584% and profit after tax (PAT) rose by 606% between the financial year ending with March 31, 2026 and March 31, 2025.
Millworks Technologies IPO Lot Size
Investors can bid for a minimum of 800 shares and in multiples of 400 shares thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (IND) (Min) | 2 | 800 | ₹2,64,800 |
| Individual investors (IND) (Max) | 2 | 800 | ₹2,64,800 |
| S-HNI (Min) | 3 | 1200 | ₹3,97,200 |
| S-HNI (Max) | 7 | 2800 | ₹9,26,800 |
| B-HNI (Min) | 8 | 3200 | ₹10,59,200 |
(All values in CR)
Millworks Technologies IPO Valuations
| Metric | Value |
|---|---|
| ROE | 69.94 |
| ROCE | 56.44 |
| Debt/Equity | 0.21 |
| RoNW | 44.83 |
| PAT Margin | 24.91 |
| EBITDA Margin | 36.71 |
| Price to Book Value | 5.11 |
(All values in CR)
Millworks Technologies IPO Strength & Risk
Millworks Technologies IPO – Strengths
- Exposure to high-growth sectors such as aerospace, defence, railways, semiconductors, and precision engineering.
- Strong revenue and profit growth in recent financial periods.
- Healthy profit margins compared with many peers in the precision engineering industry.
- IPO proceeds will support capacity expansion through new machinery and additional working capital.
- AS9100D certification enhances credibility in aerospace manufacturing.
- Healthy order book provides near-term revenue visibility.
- Manageable debt levels and a relatively healthy balance sheet.
- Focus on high-precision manufacturing with value-added engineering capabilities.
Millworks Technologies IPO – Risks
- SME listing may result in lower liquidity and higher share price volatility.
- Dependence on a limited number of key customers increases concentration risk.
- Significant exposure to aerospace, defence, and engineering sectors could impact business if these industries slow down.
- Future growth depends on successful execution of expansion plans and efficient utilization of new capacity.
- Relatively short operating history compared with established listed engineering companies.
- Raw material price fluctuations could affect profit margins.
- Supply chain disruptions may impact production schedules and deliveries.
- Stringent quality standards and customer approval processes may delay execution or increase costs.
- Any slowdown in capital expenditure by customers could reduce order inflows.
- SME stocks generally carry higher investment risk than mainboard-listed companies.
Millworks Technologies IPO GMP
Millworks Technologies SME IPO last GMP is ₹400, last updated Jul 11th 2026 07:53 AM. With the upper price band of ₹331.00, Millworks Technologies SME IPO's estimated listing price is ₹731 (cap price + today's GMP). The expected percentage gain/loss per share is 120.85%. >> Millworks Technologies SME IPO Retail Subject to Sauda: ₹121600
Last updated 11 Jul, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 11 Jul, 2026 | 331 | ₹400▲ | - | ₹731 (120.85%) | 160000 | 11 Jul, 2026 |
| 10 Jul, 2026 | 331 | ₹350 | - | ₹681 (105.74%) | 140000 | 10 Jul, 2026 |
| 09 Jul, 2026 | 331 | ₹350 | - | ₹681 (105.74%) | 140000 | 09 Jul, 2026 |
| 08 Jul, 2026 | 331 | ₹350 | - | ₹681 ((105.74%) | 140000 | 08 Jul, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Millworks Technologies IPO
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