Millworks Technologies IPO
Millworks Technologies Ltd. is one of the leading engineering companies that designs High-accuracy machined components, Sheet metal parts, and Integrated assemblies serving railways, aerospace, defence, and semiconductor industries. The firm manufactures its products in various ways as per the customer’s needs.
IPO GMP
+₹395
+119% expected gain
Price Band
₹315 - ₹331
Lot Size
800 shares
Min Investment
₹2,64,800
Listing Date
July 21, 2026
About Millworks Technologies
Company overview, business, and key facts.
Millworks Technologies Ltd. is one of the leading engineering companies that designs High-accuracy machined components, Sheet metal parts, and Integrated assemblies serving railways, aerospace, defence, and semiconductor industries. The firm manufactures its products in various ways as per the customer’s needs.
It manufactures parts using the customer’s design (Build-to-Print) as well as the customer’s specifications (Build-to-Spec), managing the complete manufacturing process from start to finish. The firm runs 4 advanced manufacturing facilities in Bengaluru, Karnataka. Its manufacturing facility is equipped with 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, making it an integrated unit.
Headquarters
Bangalore, Karnataka
Promoters
Sridhar Acharya, H K Madhu, Sowmya Madhu, Rashmi Sridhar Acharya
Website
https://millworksindia.com/
IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Strengths & Risks
Strengths
- Review: May Apply
Risks
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Millworks Technologies IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Revenue growth, 2026
+584.2%
304% a year over the period
Profit growth, 2026
+605.9%
335.9% a year over the period
Profit margin (PAT)
24.2%
EBITDA margin 36.71%
ROE / ROCE
69.94% / 56.44%
As published in the offer document
Debt to equity
0.21
Issue mix
100% fresh / 0% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹3,16,000
800 shares on ₹2,64,800. GMP is unofficial.
What stands out
- Healthy profit margin: PAT margin was 24.2% in 2026.
- Profit grew 605.9% in 2026.
Watch-outs
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Not yet available for this IPO: post-IPO share count (market cap and P/E not computable), published risk factors.
IPO Analysis SummaryAI-generated
A plain-language review of Millworks Technologies's financials, valuation and demand, based only on the verified figures above. For information only. It does not recommend whether to apply.
Millworks Technologies IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, Millworks Technologies IPO is trading at a grey market premium (GMP) of +₹395 (+119% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 192.73x overall — QIB: 194.05x, NII: 159.16x, Retail: 215.57x.
Millworks Technologies IPO subscription has closed. The shares are expected to list on July 21, 2026.
The minimum investment required is ₹2,64,800 for 800 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Key strengths include: Review: May Apply.
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Millworks Technologies IPO — Frequently Asked Questions
What is Millworks Technologies IPO GMP today?
Millworks Technologies IPO GMP (grey market premium) today is +₹395, suggesting an estimated listing gain of +119%. GMP is indicative and subject to change.
What is the price band of Millworks Technologies IPO?
The price band for Millworks Technologies IPO is ₹315 - ₹331 with a lot size of 800 shares. The minimum investment required is ₹2,64,800.
When is Millworks Technologies IPO allotment date?
Millworks Technologies IPO allotment is expected to be finalised on July 17, 2026. You can check your allotment status on the registrar's website (Purva Sharegistry (India) Pvt. Ltd.) using your PAN number.
When will Millworks Technologies IPO list on NSE/BSE?
Millworks Technologies IPO is expected to list on BSE SME on July 21, 2026.
How to check Millworks Technologies IPO allotment status?
To check Millworks Technologies IPO allotment status, visit the registrar's website (Purva Sharegistry (India) Pvt. Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Millworks Technologies IPO?
Millworks Technologies IPO is showing a strong GMP of +₹395 (+119%), indicating positive market sentiment for listing gains. However, GMP is informal and not a guarantee of returns. Evaluate the company's fundamentals, price band, and your own risk appetite before applying. IPOLyst is not a SEBI-registered investment advisor — please do your own research.
What is the lot size of Millworks Technologies IPO?
The lot size for Millworks Technologies IPO is 800 shares per lot. The minimum investment for retail investors is ₹2,64,800. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.