How to Check Millworks Technologies IPO Allotment Status

Millworks Technologies Limited was incorporated in 2021 as Millworks Technologies Private Limited and was converted into a public limited company in 2025. 

The company is a precision engineering manufacturer engaged in high-accuracy machined components, sheet metal parts, sub-assemblies and integrated assemblies. Its products are used across aerospace, defence, railways and semiconductor sectors. 

Millworks Technologies operates under Build-to-Print and Build-to-Spec engagement models, manufacturing components based on customer drawings, specifications and functional requirements. 

The company operates four manufacturing facilities in Bengaluru, Karnataka. Its export operations extend to 9 countries, including Canada, the United States, Israel, Germany, France, North Macedonia, Italy, the United Kingdom and the Czech Republic.

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Steps to Check Millworks Technologies IPO Allotment Status on Registrar Site

• Visit the Purva Sharegistry (India) Pvt.Ltd.
• Select "Millworks Technologies" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Millworks Technologies IPO Allotment Status on BSE

• Navigate to the BSE IPO Allotment Status Page
• Select the issue type: equity/debt
• Choose "Millworks Technologies" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Millworks Technologies IPO Subscription Status

Millworks Technologies IPO was subscribed 219.54 times on July 16, 2026, based on Day 3 subscription data. The issue saw strong demand from QIB, NII and Individual Investor categories.

• QIB Category 194.05 times on Day 3. 
• Non-Institutional Investors (NII): 260.37 times 
• Retail Investors: 216.60 times 

Millworks Technologies IPO Share Price and Investment Details

Millworks Technologies IPO price band was ₹315 to ₹331 per share. The lot size was 400 shares, while individual investors were required to apply for a minimum of 2 lots, or 800 shares, amounting to ₹2,64,800 at the upper price band. The company allotted 13,25,200 shares to anchor investors at ₹331 per share, aggregating to about ₹43.86 crore. The issue included a market maker reservation of 4,24,000 shares. Given the 219.54 times overall subscription, listing expectations remain strong, subject to broader market conditions.

Utilisation of IPO Proceeds

Since the IPO is entirely a fresh issue, the company will receive the net proceeds after issue expenses. Millworks Technologies proposes to use the proceeds for capital expenditure towards purchase of plant and machinery, working capital requirements and general corporate purposes. The RHP earmarks up to ₹6,103.25 lakh for plant and machinery and up to ₹8,150.00 lakh for working capital requirements.

Business Overview

Millworks Technologies is positioned in the precision engineering segment, serving regulated and mission-critical applications across aerospace, defence, railways and semiconductor markets. Its Build-to-Print and Build-to-Spec models allow the company to supply components and assemblies based on customer specifications and performance requirements. 

The company’s revenue and profitability have grown sharply over the last three reported years. Revenue from operations increased from ₹9.39 crore in FY 2024 to ₹22.10 crore in FY 2025 and ₹148.77 crore in FY 2026. Profit after tax rose from ₹1.95 crore in FY 2024 to ₹5.25 crore in FY 2025 and ₹37.06 crore in FY 2026. Total income stood at ₹153.40 crore in FY 2026. 

The company’s net worth stood at ₹82.67 crore as of March 31, 2026. Its strengths include multi-sector exposure, four Bengaluru manufacturing facilities, precision machining and sheet-metal capabilities, export presence across 9 countries, and customer relationships in high-specification industries. EBITDA margin stood at 36.71% in FY 2026, while PAT margin was 24.91%. 

Investors should also note the risks. The company has high customer concentration, with the top 10 customers contributing 92.06% of FY 2026 revenue from operations. Its business is also exposed to customer qualification cycles, execution requirements in regulated sectors, supplier dependence, raw material costs and the need to maintain strict quality standards.

Check the latest IPO allotment status to stay informed.