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Open
14 Jul 2026
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Close
16 Jul 2026
3
Allotment
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Listing
Tue, Jul 21, 2026
Price Band
₹315 to ₹331
Issue Size
48,44,000 shares (agg. up to ₹160 Cr)
Lot Size
400 Shares
Listing Date
Tue, Jul 21, 2026
Latest GMP
₹395
Est. Gain
119.34%
✦ AI Insight
GMP Trend
21-07-2026₹395Est. ₹726+119.34%
20-07-2026₹395Est. ₹726+119.34%
19-07-2026₹390Est. ₹721+117.82%
18-07-2026₹390Est. ₹721+117.82%
17-07-2026₹400Est. ₹731+120.85%
16-07-2026₹380Est. ₹711+114.8%
15-07-2026₹400Est. ₹731+120.85%
Live Subscription
| Category | Subscription (times) |
|---|---|
| QIB | 194.05x |
| NII | 260.37x |
| Retail | 216.60x |
| Total | 153.72x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 198.37 | 39.82 | 10.54 |
| Total Income | 153.40 | 22.42 | 9.40 |
| Profit After Tax | 37.06 | 5.25 | 1.95 |
| EBITDA | 56.30 | 7.89 | 2.78 |
| NET Worth | 82.67 | 23.31 | 2.33 |
| Reserves and Surplus | 69.90 | 23.25 | 2.28 |
| Total Borrowing | 17.02 | 9.63 | 4.57 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Apsis Aerocom Ltd. | SME | ₹35.77 Cr | ₹110 | 14.58 | ₹160.65 | +46.05% | ₹425.95 (+2.00%) |
| Digilogic Systems Ltd. | SME | ₹81.00 Cr | ₹104 | 28.52 | ₹79.05 | -23.99% | ₹119.10 (-0.21%) |
| Shree Refrigerations Ltd. | SME | ₹117.33 Cr | ₹125 | 23.81 | ₹175.40 | +40.32% | ₹339.15 (-1.11%) |
| Aequs Ltd. | Mainboard | ₹921.81 Cr | ₹124 | -74.71 | ₹151.29 | +22.01% | ₹229.23 (+3.39%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure of Company to purchase Plant and Machinery | 61.03 |
| 2 | Funding the working capital requirements of the Company | 81.50 |
| 3 | General Corporate Purposes | 9.71 |
| 4 | Issue Expenses | 8.10 |
| Total | 160.34 |
About Millworks Technologies IPO
Incorporated in November 2021, Millworks Technologies Limited is a precision engineering and manufacturing company specializing in the design, development, and production of high-precision components and assemblies for the railway, aerospace, defence, metro rail, drone, and semiconductor industries. The company manufactures a wide range of mission-critical products, including railway coach components, braking systems, door mechanisms, metro train couplers, aerospace and aeronautical components, drone parts, and precision components for semiconductor manufacturing equipment. Business Verticals: Aerospace: Precision-machined components and sub-assemblies used in aero-engine applications. Defense: Machined components and sub-assemblies such as missile airframe components, guidance system housings, structural brackets and mounts, and hydraulic cylinder parts, etc. Railways: Precision components used in train control and rolling stock infrastructure, and manufacturing components for train and metro door systems, including parts used in door mechanisms and actuators. Semiconductor Machinery: precision-engineered components and fixtures used in semiconductor manufacturing and testing equi
Contact Details
Millworks Technologies Ltd. AddressNo.458/1, 10th a Cross, Phase-4,Peenya Industrial AreaPeenya Small IndustriesBangalore Urban, Karnataka, 5600589187045959cs@millworksindia.comVisit Website