Minerva Capital Research Solutions

Millworks Technologies

ListedListed 21 Jul 2026BSE SMENSE: MILLWORKSCheck allotment
Current price₹ 1,080.6+226.47% since issue
Listing day+90%
Issue price
₹ 331
Issue size
₹ 160.33 Cr.
Min. investment
₹ 1,32,400
Listing price
₹ 628.9
Subscribed
193.21x
Lot size
400 shares
P/E
15.73
RoNW
44.83%
RoCE
56.44%
PAT margin
24.91%
EPS
₹ 21.04
Promoter stake
47.18%

Timeline

  1. Opens
    14 Jul
    done
  2. Closes
    16 Jul
    done
  3. Allotment
    17 Jul
    done
  4. Refunds
    20 Jul
    done
  5. Demat credit
    20 Jul
    done
  6. Listing
    21 Jul
    done

Grey market premium (GMP)

GMP is an unofficial premium from the unregulated grey market. It is not published, verified or regulated by SEBI, NSE or BSE, grey market deals are not legally enforceable, and it is not a reliable indicator of the listing price. Do not apply for an IPO on the basis of GMP. It is not a recommendation of Minerva Capital Research Solutions.

Highest
₹ 400 on 15 Jul 2026
Lowest
₹ 300 on 13 Jul 2026
First quoted
₹ 350 on 8 Jul 2026

Subscription

How many times each investor group bid for its share, as of 16 Jul 2026, 05:20 PM IST.

How much to apply for

The smallest and largest bids for each kind of investor at the upper price band.

Lots and amounts by investor type
Retail (Min)1400₹ 1,32,400
Retail (Max)1400₹ 1,32,400
HNI (Min)2800₹ 2,64,800

Company overview

Financials

Financials by year
Assets198.3739.8210.54
Total Income153.422.429.4
Profit After Tax37.065.251.95
EBITDA56.37.892.78
NET Worth82.6723.312.33
Reserves and Surplus69.923.252.28
Total Borrowing17.029.634.57

What the money is for

Objects of the issue
Funding capital expenditure of Company to purchase Plant and Machinery61.03
Funding the working capital requirements of the Company81.5
General Corporate Purposes9.71
Issue Expenses8.1

Promoters

  • Sridhar Acharya
  • H K Madhu
  • Sowmya Madhu
  • Rashmi Sridhar Acharya
Promoter holding65.08%→47.18%before → after the issue · down 17.9 points

Registrar, lead managers and documents

Listing on
BSE SME
Face value
₹ 10 a share
Registrar
Purva Sharegistry (India) Private Limited
Lead managers
GYR Capital Advisors Pvt.Ltd.

IPO dates, prices, grey market premium (GMP), subscription and the company overview: IPO Guru, updated three times a day. GMP is an unofficial premium from the unregulated grey market. It is not published, verified or regulated by SEBI, NSE or BSE, grey market deals are not legally enforceable, and it is not a reliable indicator of the listing price. Do not apply for an IPO on the basis of GMP. It is not a recommendation of Minerva Capital Research Solutions.

Our recommendations are research opinions, not investment advice. Read the offer document (RHP) and consult your financial adviser before investing.