Archive · 21 Jul 2026
Millworks Technologies IPO debuts with 90% premium
Millworks Technologies, a precision engineering company, had its IPO listed on the BSE SME.
The stock price jumped to ₹628.90, which is a 90% increase from the issue price of ₹331.
It even reached its upper circuit price of ₹660.30.
The IPO was subscribed 193 times, with the retail portion being the most subscribed at 217 times.
The company makes parts for important applications in railways, aerospace, defense, and semiconductors.
They earned ₹148.77 crore in revenue and ₹37.1 crore in profit last year.
However, the stock did not meet the high expectations set by the grey market.
Millworks Technologies IPO listed at ₹628.90, a 90% premium over the issue price of ₹331.
The stock hit its upper circuit at ₹660.30 on the BSE SME.
The IPO was subscribed 193 times, with the retail portion subscribed 217 times.
The company aims to use the raised funds for purchasing plant and machinery, meeting working capital requirements, and general corporate purposes.
Millworks Technologies specializes in precision engineering for critical applications in railways, aerospace, defense, and semiconductors.
- Who
- Millworks Technologies
- What
- IPO listing
- When
- 21 July
- Where
- BSE SME
- Why
- To raise ₹160.34 crore for purchasing plant and machinery, meeting working capital requirements, and general corporate purposes
Positive Market Response
Grey Market Disappointment
IPO Performance
Positive Market Response
The IPO debuted at ₹628.90, a 90% premium over the issue price of ₹331, and hit the upper circuit at ₹660.30.
Grey Market Disappointment
The stock fell short of grey market expectations, which predicted a premium of over 119%.
- Issue Price
- ₹331
- Listing Price
- ₹628.90
- Upper Circuit Price
- ₹660.30
- IPO Subscription
- 193 times
- Retail Subscription
- 217 times
- NII Subscription
- 159 times
- QIB Subscription
- 194 times
- Revenue (FY26)
- ₹148.77 crore
- Profit (FY26)
- ₹37.1 crore