Millworks Technologies IPO Allotment Today: Check Status, Listing Date and Key Details
- 17th July 2026
- 12:00 AM
- 3 min read
Summary
Millworks Technologies' BSE SME IPO allotment is being finalised today after the issue was subscribed 193.14 times. Retail investors subscribed 216.46 times their reserved quota. Grey market premium stood at Rs 400, indicating an estimated listing gain of over 120 percent. Shares are tentatively scheduled to list on July 21, 2026.Mumbai | July 17, 2026
The allotment status for the Rs 160.34 crore BSE SME IPO of Millworks Technologies is being finalised today, following strong investor demand. The issue, open for subscription from July 14 to July 16, was subscribed 193.14 times overall.
IPO Subscription Details
The SME IPO received bids for 67,96,30,000 shares against 35,18,800 shares on offer. Retail investors led demand, subscribing 216.46 times their portion, while the non-institutional investor category was subscribed nearly 194.05 times.
Grey Market Premium and Listing Estimate
Grey market trackers placed the GMP for Millworks Technologies at Rs 400 as of 5:02 pm on July 17. Against the upper price band of Rs 331, this implies an estimated listing price of Rs 731, a gain of 120.85 percent over the issue price.
IPO Structure and Price Band
The price band was set at Rs 315 to Rs 331 per share, with a lot size of 400 shares. Retail investors were required to apply for a minimum of two lots, or 800 shares, costing Rs 2,64,800 at the upper band.
The issue comprised a fresh issue of 48.44 lakh equity shares, with no offer-for-sale component. At the upper price band, the issue size stood at approximately Rs 160.34 crore, with the company’s post-issue valuation estimated at around Rs 583 crore. Anchor investor bidding closed on July 13, raising nearly Rs 44 crore from nine entities, including Rajasthan Global Securities and Evergrow Capital Opportunities Fund.
Use of IPO Proceeds
The company plans to allocate Rs 61.03 crore of the net proceeds towards purchase of plant and machinery, and Rs 81.50 crore towards working capital requirements. The remaining amount will go towards general corporate purposes.
About Millworks Technologies
Millworks Technologies is a precision engineering company that manufactures high-accuracy machined components, sheet metal parts and integrated assemblies for mission-critical industries, including aerospace, defence, railways, metro rail, drone and semiconductor sectors. The company operates under Build-to-Print and Build-to-Spec engagement models, supplying original equipment manufacturers. In FY26, domestic sales contributed 73 percent of its revenue, while exports accounted for the remaining 27 percent.
How to Check Millworks Technologies IPO Allotment Status
- On BSE:
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- Visit the BSE allotment status page.
- Select ‘Equity’ from the Issue Type dropdown menu.
- Choose ‘Millworks Technologies’ from the Issue Name dropdown.
- Enter the Application Number and PAN.
- Complete the captcha verification and click ‘Submit’ to view the allotment status.
- On Purva Sharegistry:
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- Visit the Purva Sharegistry IPO allotment page. https://www.purvashare.com/investor-service/ipo-query
- Select ‘Millworks Technologies’ from the Select Company dropdown menu.
- Choose a search option among Application Number, Beneficiary ID or PAN.
- Enter the details as per the option selected.
- Fill in the captcha code and click ‘Search’ to view the allotment status.
Outlook
Following the allotment finalisation, Millworks Technologies shares are tentatively scheduled to list on the BSE SME platform on July 21, 2026.
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