Millworks Technologies
OPENIPO Date: 14 Jul - 16 Jul 2026
Listing Date: 21 Jul 2026
Price Range
₹315 to ₹331
Issue Size
160 Cr
Min Investment
₹1,26,000
Lot Size
400 Shares
Schedule of Millworks Technologies
Issue open date
14 Jul 2026
Issue close date
16 Jul 2026
UPI mandate deadline
16 Jul 2026 (5 PM)
Allotment finalization
17 Jul 2026
Share credit
20 Jul 2026
Listing date
21 Jul 2026
Mandate end date
31 Jul 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 160 Cr |
| Fresh Issue | 0.48 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 17 Jul 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 13 Jul 2026 | ₹331 | ₹300 | ₹631 (90.63%) |
| 12 Jul 2026 | ₹331 | ₹395 | ₹726 (119.34%) |
| 11 Jul 2026 | ₹331 | ₹390 | ₹721 (117.82%) |
| 10 Jul 2026 | ₹331 | ₹350 | ₹681 (105.74%) |
| 9 Jul 2026 | ₹331 | ₹350 | ₹681 (105.74%) |
| 8 Jul 2026 | ₹331 | ₹350 | ₹681 (105.74%) |
Performance Millworks Technologies
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹315 to ₹331 | .... | .... | .... |
About Millworks Technologies
Millworks Technologies Limited is a precision engineering and manufacturing company incorporated in November 2021 and headquartered in Bengaluru, Karnataka. It specializes in designing, developing, and manufacturing high-precision machined components, sub-assemblies, and assemblies for the railway, aerospace, defence, metro rail, drone, and semiconductor industries. The company operates multiple advanced manufacturing facilities equipped with CNC machining and precision metrology systems, enabling it to produce mission-critical components with stringent quality standards. It also provides integrated manufacturing and global sourcing solutions for industrial customers.
| Founded in | 2021 |
| Managing director | Sridhar Acharya |
| Parent organization |
Financial Overview
Strengths
- Advanced precision manufacturing capabilities with CNC machining, sheet metal fabrication, and assembly operations.
- Diversified presence across high-growth sectors including aerospace, defence, railways, metro rail, drones, and semiconductors.
- AS9100D-certified manufacturing facilities ensuring compliance with stringent aerospace quality standards.
- Integrated business model offering design, manufacturing, assembly, and global sourcing solutions.
Risks
- High dependence on capital-intensive industries such as aerospace, defence, and railways, where project delays can impact revenue.
- Business requires continuous investment in advanced machinery and technology to remain competitive.
- Customer concentration risk, as loss of key OEM or government-related customers could affect earnings.
- Exposed to fluctuations in raw material prices and supply chain disruptions, which may impact margins.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | N/A |
| Retail Individual Investors (RIIs) | N/A |
| Employee | N/A |
| Total | N/A |