
Industrials · BSE
Millworks Technologies Ltd. is a precision engineering company that manufactures high-accuracy machined components, sheet metal parts, and assemblies used in critical industries like railways, aerospace, defence, and semiconductors. The company supplies parts such as aero-engine components, missile structures, railway system parts, and equipment used in semiconductor machines. It works on both Build-to-Print (as per customer designs) and Build-to-Spec (based on performance needs) models, along with full manufacturing and job-work services. As of November 30, 2025, the company operates four advanced manufacturing facilities in Bengaluru, equipped with modern machinery like CNC machines, laser cutting systems, welding stations, and dedicated assembly and inspection setups.
Price Band
₹315 – ₹331
Issue Size
₹484.40 L Cr
Lot Size
400 shares
GMP
+101.2%
Est. Listing
₹666
at current GMP
Subscribed
219.68x
overall
Open
14 Jul 2026
Close
16 Jul 2026
Allotment
17 Jul 2026
Refund
18 Jul 2026
Demat Credit
19 Jul 2026
Listing
21 Jul 2026
Last updated: 21 Jul 2026
Current Premium
Issue Price (Upper)
₹331
Band: ₹315 – ₹331
Estimated Listing Price
₹666
Upper price + GMP
Lot Size
400 shares
Min investment ₹1,32,400
Estimated Profit / Lot
₹1,34,000
400 × ₹335
Grey Market Premium trend
+₹335
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 28 Sep 2026 | +₹335 | 101.2% | ₹666 |
| 26 Sep 2026 | +₹335 | 101.2% | ₹666 |
| 25 Sep 2026 | +₹302 | 91.1% | ₹633 |
GMP is unofficial market data. Not a guarantee of listing performance.
Millworks Technologies Limited is bringing an initial public offering (IPO) in the Industrials sector with an aggregate issue size of ₹48,44,000 Crores. The shares are offered at a price band of ₹315 to ₹331 per equity share on BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 400 shares (approx. ₹1,32,400 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Purva Sharegistry India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2026-07-19, while un-allotted funds or UPI block mandates will be released on 2026-07-18.
The latest grey market premium for Millworks Technologies Limited IPO is ₹335, which indicates an expected listing price of ₹666.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.