Summary：**Investors Rush as Millworks Technologies IPO Opens July 14 via HDFC Sky***Introduction* Millworks

**Investors Rush as Millworks Technologies IPO Opens July 14 via HDFC Sky**

*Introduction*
Millworks Technologies launched its initial public offering on July 14, triggering a surge of investor interest that quickly filled the subscription window. The issue, routed through HDFC Sky’s digital platform, attracted both retail and institutional participants eager to gain exposure to the company’s expanding portfolio of industrial automation solutions. Within the first two hours, the IPO was oversubscribed by nearly 1.8 times, signaling strong confidence in Millworks’ growth trajectory and the broader appetite for tech‑driven manufacturing stocks.

*Key Developments*
The offering comprised 12 million equity shares priced at a band of ₹ 480‑₹ 520 per share, with a floor price set at ₹ 480. HDFC Sky facilitated the process through its mobile‑first interface, enabling real‑time bidding and instant allotment notifications. Millworks disclosed that proceeds will fund the construction of a new smart‑factory hub in Gujarat, upgrades to its AI‑based predictive maintenance software, and a 15 % reduction in existing debt. Regulatory filings highlighted a FY‑2024 revenue increase of 22 % year‑on‑year, driven by rising demand for IoT‑enabled equipment across automotive and aerospace sectors.

*Industry Analysis*
Analysts note that Millworks’ timing aligns with a revival in capital expenditure among Indian manufacturers seeking to boost productivity amid global supply‑chain pressures. The industrial automation market in India is projected to grow at a CAGR of 9.4 % through 2028, according to a recent CRISIL report. Millworks’ niche—integrating machine learning with legacy machinery—gives it a competitive edge over traditional players that rely solely on hardware upgrades. However, experts caution that valuation multiples remain steep relative to peers, suggesting that post‑listing price stability will hinge on the company’s ability to deliver on its promised margin expansion.

*Future Outlook*
If the IPO proceeds as planned, Millworks expects to list on both the NSE and BSE within ten days of closure. Management forecasts FY‑2025 EBITDA margins to climb from 12 %