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The Economic Times
The Economic Times
Ritesh Presswala

Millworks Technologies SME IPO opens July 14; GMP soars 120% ahead of issue

Millworks Technologies IPO BSE SME

Millworks Technologies is set to launch its BSE SME initial public offering on Tuesday, July 14, 2026, aiming to raise Rs 160.33 crore through a book-built issue. The IPO has already generated significant excitement in the grey market, with the Grey Market Premium hovering around Rs 390, translating to an impressive 119.5% premium over the upper price band of Rs 331 per share.

The BSE SME IPO of Millworks Technologies Limited will open for subscription on Tuesday, July 14, 2026, and close on Thursday, July 16, 2026. The anchor investor bidding is scheduled for Monday, July 13, 2026. The company aims to raise Rs 160.33 crore through the public issue at the upper end of the price band by issuing up to 48,44,000 equity shares of face value Rs 10 each. The IPO has been priced in the range of Rs 315 to Rs 331 per equity share, with investors required to apply for a minimum of 400 equity shares per lot. The company's shares are proposed to be listed on the BSE SME platform.

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