Millworks Technologies IPO
Market Sentiment
IPO Details
Market Lot Size
IPO Reservation
Return Estimator (GMP*)
Allotment Chances Final
Day-wise Subscription (times subscribed)
Financial Analysis
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 9.40 | 22.42 | 153.40 |
| Expense | 7.02 | 15.33 | 103.10 |
| Profit (PAT) | 1.95 | 5.25 | 37.06 |
| Total Assets | 10.54 | 39.82 | 198.37 |
| Company | EPS | P/E | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Unimech Aerospace and Manufacturing Ltd | 12.44 | 87.87 | 8.58 | 144.99 | 287.46 Cr |
| Azad Engineering Ltd | 20.57 | 96.45 | 8.74 | 236.74 | 648.63 Cr |
Promoters: Sridhar Acharya, H K Madhu, Sowmya Madhu and Rashmi Sridhar Acharya
| Shareholding | No. of Shares | Holding % |
|---|---|---|
| Promoter Holding Pre Issue | 1,27,70,755 | 65.08% |
Strengths & Risks
- Strong grey-market premium — +115% over the issue price.
- Heavily oversubscribed — 193.1x overall (final).
- Strong institutional (QIB) demand — 194.1x.
- Revenue grew 584% in the latest reported year.
- Solid profit margin — 24.2%.
- Grey-market premium is slipping during the bidding window.
Auto-generated from live GMP, subscription, valuation and financial data. Informational only — not investment advice. Always read the RHP before applying.
Company Information
Millworks Technologies Ltd. is one of the leading engineering companies that designs High-accuracy machined components, Sheet metal parts, and Integrated assemblies serving railways, aerospace, defence, and semiconductor industries. The firm manufactures its products in various ways as per the customer’s needs. It manufactures parts using the customer’s design (Build-to-Print) as well as the customer’s specifications (Build-to-Spec), managing the complete manufacturing process from start to finish. The firm runs 4 advanced manufacturing facilities in Bengaluru, Karnataka. Its manufacturing facility is equipped with CNC machining centers (3-axis, 4-axis, and 5-axis), CNC turning and turn-mill centers, wire EDM machines, fibre laser cutting systems, CNC press brakes, welding stations, and dedicated assembly, making it an integrated unit.
| Purpose | Amount (Cr) |
|---|---|
| Funding capital expenditure of our company to purchase Plant and Machinery | 61.03 |
| Funding the working capital requirements of the company | 87.00 |
| General Corporate Purpose | - |
Resources & Documents
Millworks Technologies Ltd., No.458/1, 10th a Cross, Phase-4,, Peenya Industrial Area, Peenya Small Industries, Bangalore Urban, Karnataka, 560058
Millworks Technologies has set a price band of Rs 315–Rs 331 per share for an issue size of Rs 160 crore. The subscription window has closed; shares are expected to list on July 21, 2026 (2 days away).
Millworks Technologies Ltd. is one of the leading engineering companies that designs High-accuracy machined components, Sheet metal parts, and Integrated assemblies serving railways, aerospace, defence, and semiconductor industries.
The issue is promoted by Sridhar Acharya, H K Madhu, Sowmya Madhu and Rashmi Sridhar Acharya with GYR Capital Advisors Pvt. Ltd. acting as lead manager. Net proceeds will primarily be used towards Funding capital expenditure of our company to purchase Plant and Machinery (Rs 61 crore) and Funding the working capital requirements of the company (Rs 87 crore).
Grey market is quoting a premium of +Rs 380 (+114.8% over issue price), up Rs 80 from the previous session. Final subscription data records overall subscription at 193.14x, retail at 216.46x, QIB at 194.05x, NII at 159.24x.
On fundamentals, the company is posting revenue growth of 584.2%, a profit margin of 24.2%, return on equity of 69.9% in its most recent reported period. Listed peers in this segment include Unimech Aerospace and Manufacturing Ltd (P/E 87.87x) and Azad Engineering Ltd (P/E 96.45x) — useful reference points when evaluating the issue's pricing relative to where the broader sector are trading.
Our data-driven engine currently flags this issue as a Strong Subscribe — the data suggests strong listing-day potential backed by healthy fundamentals. Allotment status can be checked on the registrar portal once published; see the allotment links below.
Millworks Technologies IPO GMP — What It Means
The latest grey market premium for Millworks Technologies IPO is ₹380 (+114.8%). GMP is an unofficial, dealer-quoted figure that hints at expected listing-day demand — it is not a guaranteed listing price. For Millworks Technologies it should be read alongside the subscription numbers and the company's fundamentals, since grey-market premiums can swing sharply during the bidding window.
See the full Millworks Technologies GMP history and trend, or learn how grey market premium works and how reliable it is.
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