Millworks Technologies SME IPO Subscription
ListedUpdated 21 July 2026, 9:15 AM IST· BSE SME
Millworks Technologies SME IPO subscription closed on 16 July 2026 at 219.74x overall by shares. QIB demand came in at 194.05x, NII at 261.25x, and retail at 216.63x. See Retail, SHNI, and BHNI allotment chances in the…
Millworks Technologies SME IPO subscription closed on 16 July 2026 at 219.74x overall by shares. QIB demand came in at 194.05x, NII at 261.25x, and retail at 216.63x. See Retail, SHNI, and BHNI allotment chances in the table below.
Show moreShow less
Allotment date is 17 July 2026. Listing date on NSE and BSE is 21 July 2026.
Millworks Technologies SME IPO Day-wise Subscription
Daily QIB, NII, Retail, and overall subscription as bids come in
| 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 Allotment Chances
Retail, SHNI, and BHNI chances based on application subscription
Millworks Technologies SME IPO allotment chances for Retail, SHNI, and BHNI. All three use lottery when the category is oversubscribed.
| Category | Subscription (Apps) | Allotment Chances |
|---|---|---|
| Retail (IND) | 216.60x | 1 in 217 |
| SHNI (Rs 2L to Rs 10L) | 186.29x | 1 in 186 |
| BHNI (above Rs 10L) | 98.96x | 1 in 99 |
Chances use application subscription (how many bids came in), not share or amount figures. If you get allotment, you get at least one lot. Higher subscription means lower chance per PAN.
Check the Millworks Technologies SME IPO Allotment Status page from 17 July 2026 for your result.
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?
219.74x overall by shares means bids covered about 220 times the shares on offer. Allotment chances depend on applications in each category.
QIB at 194.05x by shares shows institutional demand from mutual funds, FIIs, and banks.
NII covers bids above Rs 2 lakh (128.07x by applications). Split: SHNI 186.29x, BHNI 98.96x by applications. SHNI and BHNI allotment is by lottery.
At 216.60x subscription by applications, about 1 in 217 retail applicants may get allotment (~1% chance per application). Retail allotment is also by lottery.
Millworks Technologies SME IPO GMP After Subscription
GMP for Millworks Technologies SME stands at Rs 395.00 today, giving an estimated listing price of Rs 726.00 per share.
The GMP has moved up from Rs 350.00 on 8 Jul 2026 to Rs 395.00 on 21 Jul 2026.
A subscription of 219.74x combined with a GMP of 119.34% 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 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 (SHNI & BHNI)
Investors bidding above Rs 2 lakh. Split into SHNI (Rs 2 lakh to Rs 10 lakh) and BHNI (above Rs 10 lakh). Both use lottery allotment when oversubscribed.
IND - Individual Investors
Investors bidding up to Rs 2 lakh per PAN. Allotment is by lottery when oversubscribed. Winners get at least one lot.
Millworks Technologies SME IPO Pages
Open related pages for this IPO: details, GMP, subscription, allotment, review, FAQ, registrar, timeline, and news.
Millworks Technologies SME Details
Issue size, price, financials, and company info
Millworks Technologies SME GMP
Live grey market premium and listing estimate
Millworks Technologies SME Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Millworks Technologies SME Allotment
Allotment date, chances, and check by PAN
Millworks Technologies SME Review
SWOT, strengths, risks, and IPO review
Millworks Technologies SME FAQ
Common questions on dates, GMP, and allotment
Millworks Technologies SME Registrar
Registrar website and how to check allotment
Millworks Technologies SME Timeline
Open, close, allotment, and listing dates
Millworks Technologies SME News
Updates, blogs, and latest IPO news
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 27 August 2026, 4:32 AM 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. Retail bids are up to Rs 2 lakh per PAN.
What is Millworks Technologies SME IPO NII, SHNI, and BHNI subscription?
Millworks Technologies SME IPO NII subscription is 128.07x by applications. NII is bids above Rs 2 lakh, split into SHNI (Rs 2L to Rs 10L) at 186.29x and BHNI (above Rs 10L) at 98.96x.
What are Millworks Technologies SME IPO retail allotment chances?
At 216.60x subscription by applications, about 1 in 217 retail applicants may get allotment (~1% chance per application). Allotment is by lottery.
What are Millworks Technologies SME IPO SHNI allotment chances?
At 186.29x subscription by applications, about 1 in 186 SHNI applicants may get allotment (~1% chance per application). Allotment is by lottery. Share subscription was 201.62x. Allotment chances use applications, not share volume.
What are Millworks Technologies SME IPO BHNI allotment chances?
At 98.96x subscription by applications, about 1 in 99 BHNI applicants may get allotment (~1% chance per application). Allotment is by lottery. Share subscription was 291.06x. Allotment chances use applications, not share volume.
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 ₹395 today (+119.34% 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?
In Millworks Technologies SME IPO, Retail, SHNI, and BHNI allotment is by lottery when oversubscribed. Chances follow application subscription in each category, not share volume. 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.
Sources
We match Millworks Technologies SME IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- IPO RegistrarRegistrar details are on the allotment page for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews subscription data before it goes live.