IPO Update

The initial public offering (IPO) of precision engineering company Millworks Technologies is witnessing healthy investor demand, while robust grey market premiums reflect bullish sentiment toward the stock. Millworks Technologies IPO opened for public subscription on Tuesday, 14 July, and will conclude on Thursday, 16 July. The BSE SME IPO is entirely a fresh issue of 48,44,000 shares of face value of ₹10 each. Ahead of the IPO, the company raised ₹43.86 crore from anchor investors by issuing 13,25,200 shares to four anchor investors at a bid price of ₹331 per share.