Millworks Technologies IPO Subscription Status
Millworks Technologies IPO was subscribed 193.21 times when bidding closed on 16 Jul 2026: QIB 194.05x, NII 159.26x, Retail 216.6x.
The Millworks Technologies IPO has been subscribed 193.21x times overall. Retail investors have shown interest with bids for 216.6x the shares available. The Non-Institutional Investor (NII) category has been subscribed 159.26x. Within NII, Big HNI (B-HNI) subscribed 290.8x and Small HNI (S-HNI) subscribed 201.44x. Qualified Institutional Buyers (QIBs) have subscribed 194.05x. Data last updated on 03 Sep, 02:49 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 14 Jul, 2026 and closes on 16 Jul, 2026. The shares are expected to list on stock exchanges on 21 Jul, 2026.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | 17,15,36,800 of 8,84,000 182 applications | 194.05x |
| NII | 17,32,07,200 of 10,87,600 70,696 applications | 159.26x |
| Retail | 33,51,20,800 of 15,47,200 4,18,901 applications | 216.6x |
| TOTAL | 67,98,64,800 4,89,779 applications | 193.21x |
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
High demand detected. The retail category is heavily oversubscribed, making the allotment a lottery where only 1 out of every 217 applicants will be successful.
Market Sentiment
Strong grey market premium of 119.3% suggests exceptional listing gains and high bullish sentiment among traders.
Institutional Backing
Massive institutional interest with QIBs subscribing 194.05x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
16 Jul 2026
Day 3 |
193.21x | ▼ | |
|
QIB194.05x
NII159.26x
Retail216.6x
|
|||
|
15 Jul 2026
Day 2 |
44.6x | ▼ | |
|
QIB0.22x
NII42.07x
Retail71.73x
|
|||
|
14 Jul 2026
Day 1 |
9.45x | ▼ | |
|
QIB-
NII8.16x
Retail15.75x
|
|||
Millworks Technologies SME IPO dates
From the bidding window to listing. Today is 9 October.
- Open 14 Jul 2026
- Close 16 Jul 2026
- Allotment 17 Jul 2026
- Refund/credit 20 Jul 2026
- Listing 21 Jul 2026
Millworks Technologies IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds marked with applicant counts are computed from the exchange's actual application data (applicants ÷ allotment slots); others assume minimum-size bids at the current subscription multiple. Retail and HNI allotment is by SEBI-mandated lottery of the minimum application when oversubscribed; QIB allotment is proportionate. Numbers move until subscription closes. This is not investment advice.
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during market hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of Millworks Technologies IPO?
As of IPO close date (16 Jul, 2026), the Millworks Technologies IPO is subscribed 193.21x times. Retail category is 216.6x, and NII is 159.26x subscribed.
When is the allotment date for Millworks Technologies IPO?
The allotment for Millworks Technologies IPO is expected to be finalized on 17 July, 2026.
What is the GMP of Millworks Technologies?
The Grey Market Premium (GMP) for Millworks Technologies is currently ₹395, indicating a potential listing gain of 119.3%.
When will Millworks Technologies IPO list on the stock market?
Millworks Technologies is scheduled to list on BSE and NSE on 21 July, 2026.
What are the chances of getting allotment in Millworks Technologies IPO?
The retail category is oversubscribed at 216.6x, meaning allotment is by lottery. Statistically, approximately 1 in 217 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 194.05x mean for Millworks Technologies IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 194.05x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check Millworks Technologies IPO allotment status?
After the allotment date (17 Jul, 2026), you can check your Millworks Technologies IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore Millworks Technologies SME IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
