Grey market premiums for Millworks Technologies’ initial public offering are pointing to a substantial listing gain, with sources indicating a potential debut price of ₹726 on the Bombay Stock Exchange’s SME platform.
This valuation represents a premium of approximately 119% over the issue price, reflecting strong early investor appetite for the precision engineering manufacturer.
The IPO is scheduled to open for public subscription on Tuesday, July 14.
The company, which specializes in high-accuracy machined components, plans to raise ₹160 crore through the offering by issuing 48.44 lakh equity shares.
The significant grey market premium suggests that demand may outstrip supply, a common dynamic in the current SME IPO cycle where retail investors are actively seeking high-growth opportunities in niche manufacturing sectors.
Millworks Technologies operates in a segment characterized by specialized engineering services, often supplying to automotive, aerospace, and industrial machinery clients.