Millworks Technologies IPO to Open for Subscription Tomorrow; Check Price Band, Lot Size and Key Dates

Mumbai, July 13: Investors looking at the SME primary market will get another public issue to bid for from tomorrow, with the Millworks Technologies IPO opening for subscription on July 14. The company plans to raise ₹160.34 crore through a book-built public issue that will remain open for three days before closing on July 16.

The upcoming BSE SME IPO comes at a time when activity in the SME segment continues to remain steady, giving retail and high-net-worth investors another opportunity to participate in a manufacturing-focused company.

Millworks Technologies is launching a fresh issue of 44,20,000 equity shares aggregating ₹146.40 crore. The issue also includes a market maker reservation of 4,24,000 shares worth about ₹14 crore, taking the total issue size to 48,44,000 equity shares, valued at ₹160.34 crore.

Millworks Technologies IPO Price Band and Lot Size

The company has fixed the price band at ₹315 to ₹331 per share.

Investors can bid for a minimum of 400 shares, while the minimum application for retail investors works out to 800 shares, requiring an investment of ₹2,64,800 at the upper end of the price band.

For HNI investors, the minimum application size is 1,200 shares, translating into an investment of ₹3,97,200.

Millworks Technologies IPO Reservation

The net issue has been reserved as follows:

• QIB: 22,09,200 shares (49.98%)
• NII: 6,63,600 shares (15.01%)
• Retail: 15,47,200 shares (35.00%)

In addition, 4,24,000 shares have been reserved for the market maker.

Important IPO Dates

• IPO Opens: July 14, 2026
• IPO Closes: July 16, 2026
• Expected Allotment: July 17, 2026
• Refunds: July 20, 2026
• Credit of Shares: July 20, 2026
• Tentative Listing: July 21, 2026

About Millworks Technologies

Incorporated in November 2021, Millworks Technologies manufactures precision-engineered components and assemblies for sectors such as railways, aerospace, defence, metro rail, drones and semiconductors. Its product portfolio includes mission-critical railway coach components, braking systems, metro train couplers, aerospace and aeronautical components, drone parts, and precision components used in semiconductor manufacturing equipment.

What Investors Should Watch

With subscriptions set to begin on July 14, investors will closely track demand from retail, HNI and institutional categories over the three-day bidding period. Subscription trends during the opening session are expected to provide the first indication of investor interest in the issue.

Conclusion

The Millworks Technologies IPO is scheduled to open for subscription tomorrow, giving investors an opportunity to participate in a ₹160.34 crore BSE SME offering. With a price band of ₹315-331 per share and listing proposed on July 21, subscription data over the next few sessions will be closely monitored ahead of the issue’s closure on July 16.

Source:

• https://gyrcapitaladvisors.com/wp-content/uploads/2026/07/RHP_Millworks-07.07.2026.pdf