Millworks Technologies IPO Subscription Day 2 Live: Issue Booked 17.05x so Far 

Mumbai, July 15: The Millworks Technologies IPO continued to witness strong investor interest on the second day of bidding, with subscription numbers rising sharply within the first few hours of trade. As of 10:34 AM, the ₹160.34 crore SME issue had been subscribed 17.05 times, led by robust demand from retail and non-institutional investors.

Retail investors remained the biggest contributors to the issue, while the NII portion also saw heavy bidding. Meanwhile, qualified institutional buyers (QIBs), excluding anchor investors, have so far stayed largely on the sidelines, which is not unusual as institutional bids often come closer to the final day.

The IPO opened for subscription on July 14 and will remain available for bidding until July 16. It is entirely a fresh issue of 48.44 lakh equity shares worth ₹160.34 crore, offered at a price band of ₹315-₹331 per share.

Millworks Technologies IPO Subscription Status (Day 2)

According to exchange data available at 10:34 AM on July 15, the issue was subscribed:

• Overall: 17.05x
• Retail Investors: 25.44x
• NII: 20.18x
• bNII: 19.60x
• sNII: 21.34x
• QIB (Ex-Anchor): 0.01x

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
• Issue Price: ₹331 per share
• Lot Size: 400 shares
• 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 used across industries such as railways, aerospace, defence, metro rail and semiconductor manufacturing. Its product portfolio includes mission-critical components designed for high-precision industrial applications.

Conclusion

With a day of bidding still left, the Millworks Technologies IPO has already received an encouraging response from investors. Strong participation from retail and NII investors has pushed subscription well into double digits, while market participants will now watch whether institutional demand gathers pace before the issue closes on July 16.

Source:

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