Millworks Technologies SME IPO Subscription Status
Millworks Technologies SME IPO closed on 16 July 2026 with an overall subscription of 219.74x based on shares applied. QIB demand came in at 194.05x, NII at 261.25x, and retail at 216.63x.
Allotment will be finalised on 17 July 2026. The stock is scheduled to list on NSE and BSE on 21 July 2026.
Issue Price
Rs 331.00
GMP Today
Rs 390.00 (+117.82%)
Overall Subscription
219.74x
Issue Size
₹160.34 Cr
Allotment Date
17 Jul 2026
Listing Date
21 Jul 2026
Millworks Technologies SME IPO Subscription by Amount
Category-wise subscription based on amount applied at issue price Rs 331.00
| Category | Amount Offered | Amount Applied | Subscription |
|---|---|---|---|
| QIB | Rs 29.26 Cr | Rs 5,677.87 Cr | 194.05x |
| FII | - | Rs 1,019.49 Cr | - |
| DFI | - | Rs 928.94 Cr | - |
| Mutual Funds | - | Rs 113.25 Cr | - |
| Other | - | Rs 3,616.18 Cr | - |
| NII | Rs 21.95 Cr | Rs 5,733.16 Cr | 261.25x |
| bNII (above Rs 10L) | Rs 14.63 Cr | Rs 4,258.26 Cr | 291.06x |
| Corporate | - | Rs 54.63 Cr | - |
| Individual | - | Rs 4,128.95 Cr | - |
| Other | - | Rs 74.69 Cr | - |
| sNII (Rs 2L to Rs 10L) | Rs 7.32 Cr | Rs 1,474.90 Cr | 201.62x |
| Corporate | - | Rs 15.84 Cr | - |
| Individual | - | Rs 1,441.62 Cr | - |
| Other | - | Rs 17.44 Cr | - |
| IND | Rs 51.21 Cr | Rs 11,092.50 Cr | 216.63x |
| Fixed price | - | Rs 11,092.50 Cr | - |
| Total | Rs 102.41 Cr | Rs 22,503.52 Cr | 219.74x |
Millworks Technologies SME IPO Subscription by Applications
Category-wise subscription based on applications received
| Category | Applications Offered | Applications Received | Subscription |
|---|---|---|---|
| QIB | 2,210 | 182 | 0.08x |
| FII | - | 40 | - |
| DFI | - | 12 | - |
| Mutual Funds | - | 7 | - |
| Other | - | 123 | - |
| NII | 552 | 70,696 | 128.07x |
| bNII (above Rs 10L) | 368 | 36,418 | 98.96x |
| Corporate | - | 442 | - |
| Individual | - | 35,540 | - |
| Other | - | 436 | - |
| sNII (Rs 2L to Rs 10L) | 184 | 34,278 | 186.29x |
| Corporate | - | 371 | - |
| Individual | - | 33,486 | - |
| Other | - | 421 | - |
| IND | 1,934 | 4,18,901 | 216.60x |
| Fixed price | - | 4,18,901 | - |
| Total | 4,696 | 4,89,779 | 104.30x |
What Do These Subscription Numbers Mean?
A subscription of 219.74x by shares means the IPO received bids for 220 times the shares reserved. Allotment odds depend on application count in each category, not share volume.
Here is what each category number tells you:
QIB at 194.05x by shares: This is the strongest signal on the page. QIBs are institutional investors, mutual funds, foreign institutions, and banks. When they subscribe at 194.05x, it reflects serious institutional conviction.
NII at 128.07x by applications: NII includes high net worth individuals applying above Rs 2 lakh. Proportional allotment uses application subscription. bNII came in at 98.96x and sNII at 186.29x by applications. Share subscription was 261.25x. Allotment uses application count, not share volume.
At 216.60x subscription by applications, approximately 1 in 217 retail applicants can expect an allotment (~1% per application). Retail allotment is done by lottery when oversubscribed.
Millworks Technologies SME IPO Allotment Chances
Allotment odds below use application subscription (number of bids received), not share or amount subscribed.
Retail (IND)
- •Application subscription: 216.60x.
- •Allotment odds: about 1 in 217 (~1% chance per application).
- •Method: Lottery. If allotted, you receive at least one lot.
- •One application per PAN. Multiple eligible accounts in a household can improve overall family odds, not individual odds.
SHNI (Rs 2 lakh to Rs 10 lakh)
- •Application subscription: 186.29x.
- •Allotment odds: about 1 in 186 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 201.62x. Allotment uses application count, not share volume.
BHNI (above Rs 10 lakh)
- •Application subscription: 98.96x.
- •Allotment odds: about 1 in 99 for a minimum-lot application (~1% of the applied lot on average).
- •Method: Proportional. Shares allotted are based on your bid size, not a lottery.
- •Share subscription was 291.06x. Allotment uses application count, not share volume.
Check the Millworks Technologies SME IPO Allotment Status page from 17 July 2026 for your allotment result.
Millworks Technologies SME IPO GMP After Subscription
GMP for Millworks Technologies SME stands at Rs 390.00 today, giving an estimated listing price of Rs 721.00 per share.
The GMP has moved up from Rs 350.00 on 8 Jul 2026 to Rs 390.00 on 19 Jul 2026.
A subscription of 219.74x combined with a GMP of 117.82% is a strong combination heading into listing. QIB demand above 50x in particular tends to support listing sentiment, as institutional investors are seen as informed buyers.
Track live GMP on the Millworks Technologies SME IPO GMP Today page or the IPOwiz Live IPO GMP Tracker.
Millworks Technologies SME IPO Day-wise Subscription
| Day | QIB | NII | Retail | Overall |
|---|---|---|---|---|
| Day 1 - 14 Jul 2026 | 0.00x | 13.38x | 15.75x | 10.74x |
| Day 2 - 15 Jul 2026 | 0.22x | 68.32x | 71.73x | 50.57x |
| Day 3 - 16 Jul 2026 | 194.05x | 260.32x | 216.31x | 219.39x |
Millworks Technologies SME IPO Key Dates
| Event | Date |
|---|---|
| IPO Open Date | 14 July 2026 |
| IPO Close Date | 16 July 2026 |
| Allotment Date | 17 July 2026 |
| Refund Initiation | 18 July 2026 |
| Share Credit to Demat | 18 July 2026 |
| Listing Date | 21 July 2026 |
| Minimum Investment | Rs 2,64,800.00 |
| Lot Size | 400 shares |
About Millworks Technologies SME
Millworks Technologies Limited, incorporated in November 2021, is a high-growth precision engineering and manufacturing firm specializing in the development of custom machined components, structured sheet metal parts, and integrated mechanical assemblies. Operating under both Build-to-Print (BTP) and Build-to-Spec (BTS) engagement models, the company caters to mission-critical applications across the aerospace, defense, railways, metro rail, drone, and semiconductor equipment sectors. Millworks operates four advanced, state-of-the-art production facilities centralized in the Peenya Industrial Area of Bengaluru, Karnataka, deploying multi-axis CNC centers, fiber laser cutters, and dedicated clean inspection zones to service elite global export pipelines and domestic enterprise grids.
Understanding Subscription Categories
QIB - Qualified Institutional Buyers
Includes foreign institutional investors, domestic financial institutions, mutual funds, and other qualified institutions. QIB demand is considered the most reliable indicator of institutional confidence in an IPO.
NII - Non-Institutional Investors
High net worth individuals applying above Rs 2 lakh. Divided into bNII (above Rs 10 lakh) and sNII (Rs 2 lakh to Rs 10 lakh). NII allotment is proportional.
IND - Individual Investors
Investors applying up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Minimum one lot per successful applicant.
Millworks Technologies SME IPO GMP Today
Live GMP, listing price estimate, and listing gain
Millworks Technologies SME IPO Allotment Status
Check allotment result on allotment date
Millworks Technologies SME IPO Details
Financials, peers, strengths, and review
All IPO Subscription Status
Subscription for all active IPOs
Millworks Technologies SME IPO Subscription FAQs
What is Millworks Technologies SME IPO subscription status today?
Millworks Technologies SME IPO subscription closed on 16 July 2026 with overall subscription of 219.74x (by shares) as of 19 July 2026, 6:32 PM IST. QIB 194.05x, NII 128.07x, IND 216.60x.
What is the overall subscription of Millworks Technologies SME IPO?
Millworks Technologies SME IPO is subscribed 219.74x overall by shares at close on 16 July 2026. QIB 194.05x, NII 128.07x, and IND 216.60x.
What is Millworks Technologies SME IPO QIB subscription?
Millworks Technologies SME IPO QIB (Qualified Institutional Buyers) subscription is 194.05x by shares. QIB includes mutual funds, FIIs, banks, and other institutions.
What is Millworks Technologies SME IPO IND subscription?
Millworks Technologies SME IPO IND subscription is 216.60x by applications. Minimum retail bid is up to Rs 2 lakh per PAN.
What is Millworks Technologies SME IPO NII subscription?
Millworks Technologies SME IPO NII (Non-Institutional Investors) subscription is 128.07x by applications. NII covers bids above Rs 2 lakh.
What are allotment chances in Millworks Technologies SME IPO for retail?
At 216.60x subscription by applications, approximately 1 in 217 retail applicants can expect an allotment (~1% per application). Allotment is done by lottery.
When is Millworks Technologies SME IPO allotment date?
Millworks Technologies SME IPO allotment date is 17 July 2026. Check Millworks Technologies SME IPO Allotment Status on IPOwiz from that day using your PAN.
When does Millworks Technologies SME IPO subscription close?
Millworks Technologies SME IPO subscription closed on 16 July 2026. No new applications are accepted after the close.
What is Millworks Technologies SME IPO GMP today?
Millworks Technologies SME IPO GMP is ₹390 today (+117.82% over issue price ₹331). See live GMP on the Millworks Technologies SME IPO GMP Today page.
What is Millworks Technologies SME IPO issue price and lot size?
Millworks Technologies SME IPO issue price is ₹331 per share. Lot size is 400 shares. Minimum investment is ₹2,64,800 per lot (minimum 2 lots for SME). Issue size: ₹160.34 Cr.
When is Millworks Technologies SME IPO listing date?
Millworks Technologies SME IPO listing date is 21 July 2026 on NSE and BSE. Allotment is on 17 July 2026.
How does subscription affect Millworks Technologies SME IPO allotment?
Allotment odds in Millworks Technologies SME IPO depend on application subscription in each category, not share volume. Retail uses lottery when oversubscribed. NII proportional allotment at 128.07x by applications means roughly 1 in 128 for minimum-lot bids; bNII at 98.96x (~1 in 99). At 219.74x overall, competition is very high.
For allotment results from 17 July 2026, visit the Millworks Technologies SME IPO Allotment Status page. For listing day updates on 21 July 2026, download the IPOwiz App.
Reviewed by Dinesh Agrawal
15+ years in Indian capital markets and IPO research. Subscription data verified before publish.