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Explore how the Millworks Technologies Ltd. IPO performed on its opening day, including subscription details, price band, lot size, important dates, and the step-by-step application process through ASBA or UPI.
The Millworks Technologies Ltd. IPO opened for subscription on July 14, 2026, marking the company's entry into the SME public market. The IPO is a book-built issue aimed at raising capital to fund capital expenditure for plant and machinery, meet working capital requirements, and support general corporate purposes.
The issue is valued at ₹160.34 Crores and is offered through a book-built issue with a price band of ₹315 to ₹331 per share.
The Millworks Technologies Ltd. IPO recorded subscriptions across investor categories on its opening day. Retail investors recorded the highest subscription multiple, while non-institutional investors also subscribed to the issue. As of Day 1, Qualified Institutional Buyers (QIBs) had not placed any bids.
On the first day of bidding, the Millworks Technologies Ltd. IPO was subscribed 6.36× overall. Retail investors led the subscription, while the non-institutional category also recorded subscription.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.00× |
Retail Individual Investors (RII) |
10.84× |
Non-Institutional Investors (NII) |
5.16× |
Total |
6.36× |
On Day 1, the Retail Individual Investors (RII) category recorded the highest subscription multiple, while the Non-Institutional Investors (NII) category was also subscribed. As of the close of Day 1, no bids had been recorded in the Qualified Institutional Buyers (QIB) category.
The Millworks Technologies Ltd. IPO witnessed a significant jump in investor participation on the second day of bidding. The overall subscription reached 29.30×, driven by demand from retail investors, while the non-institutional category also recorded participation. Qualified Institutional Buyers began participating during the day.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
0.16× |
Retail Individual Investors (RII) |
48.96× |
Non-Institutional Investors (NII) |
25.01× |
Total |
29.30× |
Retail investors led the subscription on Day 2 with an impressive 48.96× subscription, followed by the NII category at 25.01×. Qualified Institutional Buyers recorded a subscription of 0.16×, taking the overall subscription of the IPO to 29.30× by the close of the second day.
The Millworks Technologies Ltd. IPO concluded its subscription period with an overwhelming response from investors across all categories. The overall subscription reached 190.88×, driven by exceptional demand from retail and qualified institutional investors, while Non-Institutional Investors also recorded participation on the final day.
| Investor Category | Subscription (Times) |
|---|---|
Qualified Institutional Buyers (QIB) |
194.05× |
Retail Individual Investors (RII) |
211.70× |
Non-Institutional Investors (NII) |
158.68× |
Total |
190.88× |
Retail investors emerged as the highest contributors with a subscription of 211.70×, followed by the QIB category at 194.05×. Non-Institutional Investors subscribed 158.68×, resulting in the Millworks Technologies Ltd. IPO closing with an overall subscription of 190.88×.
The Millworks Technologies Ltd. IPO is priced in the range of ₹315 to ₹331 per share, with a face value of ₹10 per share. Investors can bid for a minimum of 1 lot comprising 400 shares and in multiples thereof.
At the upper price band of ₹331 per share, one lot requires an investment of ₹1,32,400. However, as per SME IPO eligibility, retail investors can apply for 2 lots, resulting in a minimum application value of ₹2,64,800.
| Investor Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
Retail (Min/Max) |
2 |
800 |
₹2,64,800 |
S-HNI (Min) |
3 |
1,200 |
₹3,97,200 |
B-HNI (Min) |
8 |
3,200 |
₹10,59,200 |
The issue structure follows the standard SME IPO framework, allowing participation from both retail and non-institutional investors.
For detailed insights about the company, issue particulars, and the latest updates, visit the Millworks Technologies Ltd. IPO on Bajaj Markets.
The following timeline outlines the important milestones for the IPO:
| Event | Date | Details |
|---|---|---|
IPO Open Date |
July 14, 2026 |
Issue opens for subscription |
IPO Close Date |
July 16, 2026 |
Final day to submit bids |
Basis of Allotment |
July 17, 2026 |
Finalisation of share allotment |
Refunds Initiation |
July 20, 2026 |
Refunds begin for unallotted investors |
Credit of Shares to Demat |
July 20, 2026 |
Shares credited to successful applicants |
Listing Date |
July 21, 2026 |
Shares proposed to list on the BSE SME platform |
Note: These dates represent procedural milestones based on publicly available data and are intended for informational purposes only.
Investors can apply for the Millworks Technologies Ltd. IPO through the ASBA facility offered by banks or through UPI-enabled broker platforms.
This is a convenient and secure method where your application amount stays blocked until shares are allotted.
Log in to your internet banking account.
Go to the ‘Investments’ or ‘IPO Application’ section.
Select ‘Millworks Technologies Ltd. IPO’ from the available list.
Enter your preferred bid quantity and price.
Confirm and submit your application.
The bid amount will remain blocked in your account until allotment.
Upon allotment, the amount will be debited, and shares credited to your Demat account.
You can apply using UPI through your stockbroker’s or financial marketplace’s online platform.
Log in to your trading account or Demat account on your broker’s platform or financial marketplace.
Navigate to the IPO section and select ‘Millworks Technologies Ltd. IPO’.
Enter your application details including number of lots and price.
Provide your UPI ID linked to your bank account.
Approve the UPI mandate request on your UPI app (like BHIM, Google Pay, or PhonePe).
Funds will be debited only upon share allotment.
Once allotted, shares will be credited directly to your Demat account.
Disclaimer
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
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