Millworks Technologies IPO Subscription Day 1 Live: Issue booked 1.31x within hours as retail, NII investors drive demand

Mumbai, July 14: The Millworks Technologies IPO has opened for public subscription today and has received a healthy response from investors within the first few hours of bidding. As of 10:49 AM, the ₹160.34 crore SME public issue was subscribed 1.31 times, with strong participation from both retail and non-institutional investors, while qualified institutional buyers (QIBs), excluding anchor investors, are yet to begin bidding.

The early momentum has been led by the retail category, which was subscribed 1.71 times, while the NII portion was booked 2.14 times. Such a trend is fairly common on the opening day, as institutional investors typically place most of their bids closer to the issue’s closing date.

The IPO is entirely a fresh issue of 48,44,000 equity shares worth ₹160.34 crore. The company has fixed the price band at ₹315 to ₹331 per share, with investors required to apply for a minimum of 400 shares per lot.

Millworks Technologies IPO Subscription Status Today (Day 1)

According to exchange data available at 10:49 AM on July 14, the subscription stood at:

• Overall: 1.31x
• Retail Investors: 1.71x
• NII: 2.14x
• bNII: 2.27x
• sNII: 1.86x
• QIB (Ex-Anchor): 0.00x

Key IPO Details

• Issue Size: ₹160.34 crore
• Issue Type: Fresh Issue
• Fresh Issue: 48,44,000 equity shares
• Price Band: ₹315 to ₹331 per share
• Lot Size: 400 shares
• IPO Opens: July 14, 2026
• IPO Closes: July 16, 2026
• Expected Allotment: July 17, 2026
• Expected Listing: July 21, 2026
• Listing Exchange: BSE SME

About Millworks Technologies

Millworks Technologies manufactures precision-engineered components and assemblies for industries including railways, aerospace, defence, metro rail, drones and semiconductor manufacturing. The company also produces mission-critical products such as railway coach components, braking systems and precision parts for semiconductor equipment.

Conclusion

The Millworks Technologies IPO has made a strong start on its opening day, crossing full subscription within the first few hours of bidding. Retail and NII investors have driven the initial demand, while QIB participation is expected to build in the coming sessions. With the issue remaining open until July 16, subscription levels will be closely tracked over the next two days.

Source:

• https://www.chittorgarh.net/reports/anchor-investor/millworkds-anchor-list.pdf