When will I know if shares are allotted to me?

Allotment status is usually finalized a few days after the IPO closes. Once finalized, shares are either credited to your Demat account (if allotted) or the blocked funds are released back to your bank account.

Can I modify or cancel my IPO application?

Yes, you can modify or cancel your IPO application anytime before the IPO closing date. Changes can be made through your Alice Blue account, subject to exchange cut-off timings.

What happens if the IPO is oversubscribed?

If the IPO receives more applications than the number of shares available, it is considered oversubscribed. In such cases, allotment in the retail category is done on a proportionate or lottery basis, and not all applicants may receive shares.

Millworks Technologies Limited

Complete IPO details, including price band, financials, subscription status, and key insights.

Participate in the Millworks Technologies Limited IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.

Apply for IPO

IPO Snapshot

Key metrics and details at a glance.

Price Band

₹331

Per Share

Lot Size

400 Shares

Minimum Investment

₹1,32,400

Issue Size

₹0 Cr

Face Value

₹10

Per Share

IPO Type

Book Building

Retail Quota

QIB Quota

NII Quota

IPO Timeline

Important dates for your applying strategy.

IPO Opens14 Jul

IPO Closes16 Jul

Basis of Allotment1 Jan

Refund Initiation1 Jan

Shares Credited1 Jan

Millworks Technologies Limited

Business model, operations, and market positioning.

Issue Type

Book Building

ISIN

INE1SRC01010

Growth Strategy

Strategic Alliances and Collaborative Partnerships.
Market Penetration Through Expansion of Supply to Existing Customer Ecosystems.
Geographical Expansion to Strengthen Global Reach and Customer Access.

Financial Performance

Revenue, profit after tax and total assets across the last 3 reported financial years.

Standalone figures

Revenue GrowthProfit After Tax (PAT)Total Assets

Revenue

+1484%vs FY24

Amount in ₹ crore

Objects of the Issue

How the company plans to utilize IPO proceeds.

Use of Proceeds

The funds raised through this IPO will be used for:

Initial public offer of 48,44,000 equity shares of face value Rs. 10 each (the "Equity Shares") of Millworks Technologies Limited ("The Company" or the "Issuer") for cash at an issue price of Rs. 331 per equity share (Including a Securities Premium of Rs. 321 Per Equity Share) ("Issue Price"), aggregating to Rs. 160.34 Crores (The " Issue") of which 4,24,000 equity shares of face value Rs. 10 each of aggregating to Rs. 14.03 Crores will be reserved for subscription by market maker ("Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e. Issue of 44,20,000 equity shares of face value of Rs. 10 each at an issue price of Rs. 331 per equity share aggregating Rs. 146.30 Crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 27.50% and 25.09% respectively of the post-issue paid-up equity share capital of the company. Price Band: Rs. 331/- per equity share of face value Rs. 10/- each. The floor price is 33.1 times of the face value of the equity shares. Bids can be made for a minimum of 800 equity shares and in multiples of 400 equity shares thereafter.

*Subject to approvals and market conditions.

Strengths & Risks

Key competitive advantages and factors to consider before investing.

StrengthsRisk Factors

Experienced Promoters having deep domain knowledge to scale up the business.
Management team with an established track record.
Established track record of successfully completed orders.

Frequently Asked Questions

What is the minimum investment required to apply for this IPO?

The minimum investment depends on the lot size and the upper price band of the issue. Investors must apply for at least one lot, and the total investment amount is calculated by multiplying the lot size by the upper price band.

How is IPO allotment decided?

IPO allotment is determined based on demand and SEBI guidelines. If the IPO is oversubscribed in the retail category, allotment is typically done through a computerized lottery system to ensure fair distribution among eligible applicants.

Millworks Technologies Limited

Business model, operations, and market positioning.