Investors who applied for the Millworks Technologies IPO can now check whether they have received shares.
The IPO allotment has been finalised, and many applicants have already started receiving bank debit and allotment notifications.
The next big event is the company’s stock market debut, which is scheduled for July 21, 2026, on the BSE SME platform.
How to Check Millworks Technologies IPO Allotment
Investors can check their allotment status online through the registrar or the BSE website.
Check Through Purva Sharegistry
Visit the Purva Sharegistry IPO status portal.
Select Millworks Technologies Limited from the IPO list.
Enter your Application Number, PAN, or Demat Account Number.
Click Submit to view your allotment status.
Check Through BSE
Visit the BSE IPO allotment page.
Select Equity under Issue Type.
Choose Millworks Technologies Limited from the list.
Enter your Application Number or PAN.
Complete the verification and click Search.
Your allotment status will be displayed on the screen.
Applicants who did not receive shares are expected to receive their refunds by July 20, 2026.
IPO Receives Massive Investor Response
The ₹160.34 crore SME IPO attracted overwhelming demand from investors.
The issue was open for subscription from July 14 to July 16 and was subscribed 219.54 times overall.
Here’s how different investor categories responded:
Retail Investors: 216.60 times
Non-Institutional Investors (NIIs): 260.37 times
Qualified Institutional Buyers (QIBs): 194.05 times
The strong subscription reflects significant investor interest in the company’s public issue.
Latest Grey Market Premium (GMP)
According to market observers, Millworks Technologies shares are currently trading at a Grey Market Premium (GMP) of around ₹400.
Based on the upper IPO price of ₹331 per share, the estimated listing price is around ₹731, indicating a potential listing gain of nearly 121%.
However, investors should remember that the grey market is unofficial, and GMP can change daily depending on market sentiment. It does not guarantee the actual listing price.
IPO Details at a Glance
The IPO was priced between ₹315 and ₹331 per share.
The lot size was 400 shares, while retail investors were required to apply for a minimum of 800 shares, resulting in a minimum investment of ₹2,64,800 at the upper price band.
The public issue consisted entirely of a fresh issue of 48.44 lakh equity shares, with no Offer for Sale (OFS).
About Millworks Technologies
Founded in 2021, Millworks Technologies manufactures precision-engineered components for industries such as railways, aerospace, defence, metro rail, drones, and semiconductors.
Its product portfolio includes railway coach components, braking systems, metro train couplers, aerospace parts, drone components, and precision equipment used in semiconductor manufacturing.
The company has also reported strong financial growth. In FY26, its revenue increased by 584%, while profit after tax (PAT) grew by 606% compared to the previous financial year, highlighting its rapid business expansion.
