Millworks Technologies IPO Subscription Day 3: Issue Booked 80.17 Times in Early Trade Ahead of Closing Today

Mumbai, July 16: The Millworks Technologies IPO continued to witness overwhelming investor interest on the final day of bidding, with the public issue already receiving robust demand across all investor categories. As of 10:54 AM, the ₹160.34 crore IPO had been subscribed 80.17 times, with strong participation from retail investors, non-institutional investors (NIIs) and qualified institutional buyers (QIBs).

The three-day IPO, which opened for subscription on July 14, is scheduled to close later today. With several hours of bidding still remaining, subscription figures are expected to rise further before the issue closes this evening as institutional and last-minute retail applications continue to come in.

The IPO is entirely a fresh issue of 48,44,000 equity shares aggregating ₹160.34 crore. The company has fixed the issue price at ₹331 per share, and investors can apply in lots of 400 shares.

Millworks Technologies IPO Subscription Status Day 3

According to exchange data available at 10:54 AM on July 16, the category-wise subscription stood at:

• Overall: 80.17x
• Retail (Individual Investors): 106.15x
• QIB (Ex-Anchor): 5.01x
• NII: 119.73x
• bNII: 132.48x
• sNII: 94.21x

The NII category continued to lead demand, while retail investors also showed exceptionally strong participation. The QIB portion gathered pace on the final day, pushing overall subscription sharply higher compared with the previous session.

Day-Wise Subscription Trend

Millworks Technologies IPO Details

• Issue Size: ₹160.34 crore
• Issue Type: Fresh Issue
• Fresh Issue: 48,44,000 equity shares
• Issue Price: ₹331 per share
• Lot Size: 400 shares
• Minimum Retail Investment: ₹2,64,800
• IPO Closes:July 16, 2026
• Expected Allotment: July 17, 2026
• Tentative Listing: July 21, 2026
• Listing Exchange: BSE SME

About Millworks Technologies

Millworks Technologies Limited manufactures and supplies modular furniture and interior solutions for commercial and institutional projects. The company caters to sectors including corporate offices, healthcare, education and hospitality, with a focus on customised manufacturing and project execution.

Conclusion

With bidding set to close later today, the Millworks Technologies IPO has already drawn exceptionally strong investor interest, with the issue subscribed 80.17 times in early trade. Demand remains robust across retail, NII and QIB categories, and the final subscription figures will be closely watched after the IPO closes this evening.

Source:

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