Millworks Technologies IPO Details: Price Band, GMP, Allotment & Review

Millworks Technologies IPO Overview

Millworks Technologies Limited, a precision engineering company, is set to make its debut on the Indian stock market with its upcoming Initial Public Offering (IPO). The company is engaged in manufacturing machined components, sheet metal parts, and integrated assemblies used in mission-critical applications across the railways, aerospace, defence, and semiconductor sectors. With a strong presence in Bengaluru, Millworks Technologies operates four manufacturing facilities equipped with advanced CNC machines and quality testing infrastructure. The company's business model revolves around two primary approaches: Build-to-Print (BTP) and Build-to-Spec (BTS). Under the BTP model, Millworks Technologies manufactures products based on customer drawings, while the BTS model involves producing products based on functional and performance requirements. This flexibility allows the company to cater to a wide range of customers, including original equipment manufacturers (OEMs). With a proven track record of successfully completing customer orders across sectors, Millworks Technologies has established itself as a reliable player in the precision engineering industry. The IPO of Millworks Technologies will be an SME (Small and Medium Enterprises) offering, which is expected to generate significant interest among retail investors. The company's promoters have extensive experience in the precision engineering domain, which is likely to be a key factor in driving growth and profitability. With a strong focus on quality, Millworks Technologies maintains AS9100D and ISO 9001:2015 certified quality management systems across its facilities.

Millworks Technologies IPO Details — Price Band, Lot Size & Key Dates

Category	Details
Price Band	₹315 – ₹331
Lot Size	400 shares
Total Issue Size	160.34
Fresh Issue	N/A
Offer For Sale (OFS)	N/A
Open Date	14 July 2026
Close Date	16 July 2026
Allotment Date	17 July 2026
Refund Date	20 July 2026
Listing Date	21 July 2026
Registrar	TBA
Exchanges	BSE SME

Millworks Technologies IPO GMP Today & Expected Listing Price

The Grey Market Premium (GMP) is an unofficial indicator of the market's sentiment towards an IPO. It represents the premium at which shares are trading in the grey market, which is an unofficial market where shares are traded before they are officially listed. The GMP can provide valuable insights into the potential listing price of an IPO. As of now, the GMP for Millworks Technologies IPO is not available, as it is an upcoming IPO. However, investors should note that the GMP can fluctuate rapidly and may not necessarily reflect the actual listing price. The expected listing price is also subject to market conditions and other factors, making it essential for investors to exercise caution and conduct thorough research before making an investment decision. Investors should consider various factors, including the company's financials, industry trends, and overall market conditions, before making an investment decision. The GMP and expected listing price are just a few of the many factors that investors should consider when evaluating an IPO.

Millworks Technologies IPO Subscription Status & Category-Wise Demand

The subscription status of an IPO provides valuable insights into the demand for the shares. The IPO is typically divided into three categories: Retail Individual Investors (RII), Non-Institutional Investors (NII), and Qualified Institutional Investors (QII). The RII category typically sees significant interest from retail investors, as they are often eager to participate in IPOs. The NII category, which includes high net worth individuals and corporate investors, may also show substantial interest, depending on the company's growth prospects and financials. The QII category, which includes institutional investors such as mutual funds and insurance companies, typically invests in IPOs based on the company's long-term growth potential and financial health. The demand from this category can have a significant impact on the IPO's listing price. The subscription status of Millworks Technologies IPO will be available on the stock exchanges and the registrar's website. Investors can check the subscription status to gauge the demand for the shares and make an informed investment decision.

Millworks Technologies IPO Review — Financials, Strengths & Key Risks

Millworks Technologies has a strong track record of financial performance, with a proven history of successfully completing customer orders across sectors. The company's financial metrics, including revenue growth, profitability, and return on equity, are essential factors to consider when evaluating the IPO. The company's strengths include

• Experienced promoters with deep domain knowledge in precision engineering
• Established execution and operating track record
• Proven history of successfully completing customer orders across sectors
• Precision manufacturing capabilities across machining, sheet metal fabrication, and sub-assemblies under both Build-to-Print and Build-to-Spec models
• Four manufacturing facilities in Bengaluru support production for railways, aerospace, defence, and semiconductor customers However, the company also faces certain risks, including:
• Revenue has fluctuated significantly in the past and may continue to remain volatile
• High trade receivables increase working capital needs and collection risk
• Rising raw material prices could adversely affect profitability
• The business has high working capital requirements, which may impact operations and liquidity
• Changes in the Ministry of Railways’ policies could negatively affect the business

Investors should carefully evaluate these factors and consider their investment goals and risk tolerance before making an investment decision.

How to Apply for Millworks Technologies IPO

Applying for the Millworks Technologies IPO can be done through various channels, including: 1.

UPI (ASBA): Investors can apply for the IPO using their UPI ID through the ASBA (Application Supported by Blocked Amount) facility. This method allows investors to block the application amount in their bank account, and the amount will be deducted if the application is successful. 2. Net Banking: Investors can also apply for the IPO through their net banking platform. This method allows investors to apply for the IPO using their internet banking credentials. 3. Broker Platforms: Investors can also apply for the IPO through their broker's platform. This method allows investors to apply for the IPO using their trading account. To apply for the IPO, investors should: 1. Check if they are eligible to participate in the IPO 2. Ensure they have a valid UPI ID or net banking credentials 3. Log in to their UPI or net banking platform 4. Enter the IPO application details, including the number of shares and application amount 5. Confirm and submit the application

Millworks Technologies IPO Allotment Status — How to Check

The allotment status of the Millworks Technologies IPO can be checked on the registrar's website and the BSE website. To check the allotment status, investors can follow these steps: 1. Visit the registrar's website (registrar) 2. Click on the "Allotment Status" tab 3. Enter the PAN number or application number 4. Click on "Submit" 5. The allotment status will be displayed Alternatively, investors can also check the allotment status on the BSE website: 1. Visit the BSE website 2. Click on the "Allotment Status" tab 3. Enter the PAN number or application number 4. Click on "Submit" 5. The allotment status will be displayed

Frequently Asked Questions (FAQs)

What is the lot size of the Millworks Technologies IPO?

The lot size of the Millworks Technologies IPO is 400 shares.

What is the GMP of the Millworks Technologies IPO?

The GMP of the Millworks Technologies IPO is not available, as it is an upcoming IPO.

Is the Millworks Technologies IPO worth applying?

Investors should evaluate the company's financials, industry trends, and overall market conditions before making an investment decision.

What are the key risks associated with the Millworks Technologies IPO?

The key risks associated with the Millworks Technologies IPO include revenue volatility, high trade receivables, rising raw material prices, high working capital requirements, and changes in the Ministry of Railways’ policies.

How to apply for the Millworks Technologies IPO?

Investors can apply for the Millworks Technologies IPO through UPI (ASBA), net banking, or broker platforms.

When is the listing date of the Millworks Technologies IPO?

The listing date of the Millworks Technologies IPO is 21 July 2026.