Millworks Technologies IPO Subscription Status
Final figures at close of bidding: 21 Jul 2026, 6:30 pm IST
| Category | Subscription |
|---|---|
| QIB | 194.05x |
| NII | 260.37x |
| sNII (₹2L–₹10L) | 201.44x |
| bNII (above ₹10L) | 289.84x |
| Retail (RII) | 216.6x |
| Total | 219.54x |
Bidding day 3
Day-wise subscription
| Day | QIB | sNII | bNII | Retail | Total |
|---|---|---|---|---|---|
| Day 1 | 0x | 13.98x | 13.07x | 15.75x | 10.74x |
| Day 2 | 0.22x | 58.69x | 73.13x | 71.73x | 50.57x |
| Day 3 | 194.05x | 201.44x | 289.84x | 216.6x | 219.54x |
Times subscribed per category (bids vs shares offered, anchor portion excluded). Bidding has closed — these are the final figures.
How the book filled
Day-by-day demand
Demand in the Millworks Technologies IPO accumulated over 3 days of bidding: overall subscription stood at 10.74× at the close of day 1, read 50.57× at the end of day 2, and finished at 219.54× on day 3. On the final day it was non-institutional investors (NII) driving the book, at 260.37× of the shares set aside for the category. More than half of the final demand arrived after day 1 — a late-building book. The largest single-day addition came on day 3, when the overall multiple moved from 50.57× to 219.54×.
Category detail
The QIB portion ended at 194.05×. Non-institutional investors came in at 260.37×, split 201.44× in the small-NII bucket (bids under ₹10 lakh) and 289.84× among big NIIs (above ₹10 lakh). Within the NII book, the bigger ₹10-lakh-plus bids outpaced the smaller applications. Retail investors put in bids for 216.6× the shares reserved for them. That puts non-institutional investors (NII) at the top of the book at 260.37× and qualified institutional buyers (QIB) at the bottom at 194.05×.
What the multiple means for allotment
Retail bids ran to about 216.6 times the shares earmarked for the category. When a retail book is oversubscribed, the registrar does not allot proportionately — allotment runs as a computerised lottery among all valid applications, with each successful application receiving at least one lot of 400 shares — ₹1,32,400 of stock at the upper band. The multiple above is the data point that determines how thinly that draw is spread; it describes the final book, not the outcome of any single application.
Frequently asked questions
- When does the Millworks Technologies IPO open and close?
- The Millworks Technologies IPO opens on 14 Jul 2026 and closes on 16 Jul 2026.
- How many times was the Millworks Technologies IPO subscribed?
- The Millworks Technologies IPO was subscribed 219.54 times in total across all investor categories.
- What is the reservation split in the Millworks Technologies IPO?
- Of the total shares offered, retail investors get 35%, QIBs 20% (plus 29.98% anchor), non-institutional investors 15.01%.