Millworks Technologies IPO

No current grey market premium reading is being quoted for the Millworks Technologies Limited IPO — the issue has listed and the grey market stops quoting once shares trade on the exchange. The day-wise history on this page shows every reading we recorded. GMP is an unofficial, unregulated datapoint reported by third parties — not a price, a prediction, or investment advice.

No. The grey market is an informal, over-the-counter market between private dealers that is not operated or supervised by NSE, BSE or SEBI. No trade settles through a clearing corporation and no dealer is obliged to honour a quote, so the premium can change sharply within a day or disappear after bidding closes.

The premium is checked about every 20 minutes from third-party grey-market reporters while the issue is live. The history table adds a row only when the premium changes, with the date and time it changed, how much it moved and the listing price it implies.

As of 16 Jul, 5:00 pm the Millworks Technologies Limited IPO is subscribed 193.14× overall: QIB 194.05×, non-institutional 159.24× and retail 216.46×. Figures are the exchange's consolidated demand across NSE and BSE.

The retail portion is subscribed 216.46× as of 16 Jul, 5:00 pm. Retail applications are those up to ₹2,00,000 at the cut-off price.

NSE and BSE publish the category-wise bids for every open issue during bidding hours. This page reads that feed and shows the QIB, NII and retail book, plus one row per day so the build-up over the issue can be compared.

Subscription of 2× means bids were received for twice the number of shares offered in that category. When a category is oversubscribed, allotment in it is decided by the registrar under the basis-of-allotment rules — retail by lottery for the minimum lot, for example.

Allotment for the Millworks Technologies Limited IPO is expected to be finalised on 17 July 2026, the trading day after the issue closes on 16 July 2026. Under SEBI's T+3 timeline refunds and demat credit follow on 20 July 2026 and the shares list on 21 July 2026. Dates are tentative until the registrar and exchange confirm them.

Allotment is decided and published by the registrar, Purva Sharegistry India Private Limited — not by the exchange and not by alphave. Open the registrar's IPO allotment page, choose the issue, and enter your PAN, application number or DP ID / client ID. Your bank will also show the blocked amount released if shares were not allotted.

The registrar to the Millworks Technologies Limited IPO is Purva Sharegistry India Private Limited. The registrar processes applications, finalises the basis of allotment with the exchange, and handles refunds.

The amount blocked in your bank account under ASBA or the UPI mandate is released, normally on the day allotment is finalised or the next working day. No shares are credited and nothing further is needed from you.

Bidding for the Millworks Technologies Limited IPO opens on 14 July 2026 and closes on 16 July 2026. Exchange bidding runs from 10:00 am to 5:00 pm IST on each day; UPI mandates must be accepted by 5:00 pm on the closing day, and brokers may stop taking bids somewhat earlier.

The shares are scheduled to list on 21 July 2026 on BSE SME. Trading starts at 10:00 am IST after the special pre-open session that discovers the listing price.

Applications are made through a broker's app or a bank's net banking using ASBA, or by UPI mandate, between 14 July 2026 and 16 July 2026. The amount is only blocked, not debited, until allotment. Retail bids of up to ₹2,00,000 are usually placed at the cut-off price (₹331); a UPI mandate must be approved by 5:00 pm on the closing day.

16 July 2026 is the last day of bidding. Allotment is then expected on 17 July 2026, refunds and demat credit on 20 July 2026, and listing on 21 July 2026 — tentative until confirmed.

The Millworks Technologies Limited IPO price band is ₹315 to ₹331 per share. Applications are made at the cut-off price, which is the upper end of the band.

One lot is 800 shares, so a single application at the ₹331 cut-off costs ₹2,64,800. One lot already exceeds the ₹2,00,000 retail limit, so this issue can only be applied for in the HNI category.

₹2,64,800 — one lot of 800 shares at ₹331. Bids in the non-institutional category start above ₹2,00,000 and are made in multiples of the lot.

Millworks Technologies Limited is an SME issue listing on BSE SME. SME issues have a larger minimum lot and trade on the exchange's SME platform after listing. The lead manager is GYR CAPITAL ADVISORS PRIVATE LIMITED.

The issue size is ₹160.34 crore, of which ₹160.34 crore is a fresh issue.

Millworks Technologies Limited reported a profit after tax of ₹37.06 crore in FY2026. Earlier years are in the table above.

From the restated financial statements in the company's draft and final offer documents filed with SEBI and the exchange. alphave reports them as filed, in ₹ crore, and does not publish a valuation or a view on the issue.

The offer document for the Millworks Technologies Limited IPO is linked on this page as filed with the exchange; SEBI and the lead managers also host it.

The Draft Red Herring Prospectus is the document a company files with SEBI before an IPO. It describes the business, the financials, the risk factors, the promoters and how the money raised will be used. The Red Herring Prospectus (RHP) is the version filed just before the issue opens, with the price band and dates added.

The company has precision engineering capabilities and manufactures complex components across diverse materials. The company has a strong quality management system certified under AS9100D and ISO 9001:2015. The company has experienced promoters with deep domain knowledge and an experienced management team. The page lists all 6 as disclosed.

Revenues have exhibited significant fluctuations and may continue to vary, potentially affecting business, financial condition, and results of operations. A high level of trade receivables indicates elongated working capital cycles, exposing the company to collection risks. A substantial portion of revenue is derived from a single customer, making the company vulnerable to reductions, delays, or termination of business from this customer. The page lists all 8 disclosed risk factors.

The Millworks Technologies Limited shares are scheduled to list on 21 July 2026 on BSE SME. The listing price is discovered in a special pre-open session from 9:00 am and normal trading begins at 10:00 am IST.

Millworks Technologies Limited listed at ₹628.9, a gain of 90.0% on the ₹331 issue price.

On listing day the exchange runs a special pre-open session for the new stock from 9:00 am IST in which orders are collected and the listing price is discovered; continuous trading in the shares begins at 10:00 am IST.

Subscription figures are the exchange's own category-wise bids (NSE and BSE), refreshed every 5 minutes while bidding is open and frozen at the final tally after close. GMP is an unofficial grey-market indicator read about once an hour from third-party reporters, each reading timestamped. Price band, lot size, issue size, dates, registrar and lead managers are from the exchange's issue master and the offer document filed with SEBI. Financials and the shareholding pattern are as restated in the offer document; allotment is published only by the registrar, which this page links to. Anchor investor allocations, where shown, are the exchange's anchor allocation file.