Millworks Technologies’ initial public offering on the Bombay Stock Exchange’s SME platform was fully subscribed on its first day of trading, reflecting strong investor interest in the precision engineering firm’s public debut.
The issue, which opened for subscription on Tuesday, July 14, and runs through Thursday, July 16, has attracted significant attention from retail and institutional investors alike.
This implies a listing pop of over 90% above the issue price, signaling bullish sentiment among early participants.
Grey market premiums suggest a substantial listing gain, with sources indicating a potential debut price of ₹726 per share.
This implies a listing pop of over 90% above the issue price, signaling bullish sentiment among early participants.
The company is raising ₹160 crore through the fresh issue of 48.44 lakh equity shares.
The strong subscription underscores the continued appetite for small-cap manufacturing stocks in India, particularly those with niche capabilities in high-accuracy machined components.