Millworks Technologies IPO Closes Today: Check Price Band & Important Dates
- 16th July 2026
- 03:00 PM
- 2 min read
Summary
Millworks Technologies' SME IPO closes for subscription today, having received an overall subscription of 77.6 times as of 11:15 am on July 16. The issue carries a grey market premium of ₹400, signalling a potential listing gain of 120.85% over the issue price.Mumbai | July 16, 2026
The initial public offering (IPO) of Millworks Technologies is being subscribed 77.6 times on its final day of bidding, per BSE data as of 11:15 am on July 16.
Subscription Status
The SME issue received bids for 27,29,50,800 shares against 35,18,800 shares on offer. Retail investors subscribed 114.31 times their reserved portion, while the non-institutional investor (NII) category was booked 78.08 times.
Grey Market Premium
The IPO commanded a GMP of ₹400 per share on the morning of July 16, indicating an estimated listing gain of 120.85% over the issue price. Grey market premium is an unofficial, unregulated indicator and does not guarantee actual listing performance.
IPO Details
| Detail | Figure |
| Issue size | ₹160.34 crore |
| Price band | ₹315 to ₹331 |
| Lot size | 400 shares |
| Retail minimum | 2 lots (800 shares), ₹2,64,800 |
| Fresh issue | 48.44 lakh shares (no OFS) |
| Post-issue valuation | ~₹583 crore |
| Anchor raise | ~₹44 crore from 9 entities |
| Bidding closes | July 16 |
| Allotment | July 17 |
| Listing (BSE SME) | July 21 |
Anchor investor bidding concluded on July 13, with the company raising close to ₹44 crore from nine entities, including Rajasthan Global Securities and Evergrow Capital Opportunities Fund. Of the fresh issue proceeds, ₹61.03 crore is earmarked for plant and machinery, ₹81.50 crore for working capital, and the balance for general corporate purposes.
Company Overview
Millworks Technologies manufactures precision-machined components, sheet metal parts and integrated assemblies for aerospace, defence, railways, metro rail, drone and semiconductor applications. It operates under Build-to-Print and Build-to-Spec models, supplying original equipment manufacturers. Domestic sales made up 73% of FY26 revenue, with exports contributing the remaining 27%.
Outlook
Allotment is expected on July 17, with listing on the BSE SME platform tentatively scheduled for July 21.
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