Millworks Technologies IPO Day 3: Subscription hits 63x, GMP surges to 125% ahead of listing

Millworks Technologies' Rs 160.34 crore SME IPO was subscribed 62.68 times on the final day of bidding, with retail investors bidding 96.29 times their allocated portion and the NII segment at 65.59 times. The issue, priced in a band of Rs 315 to Rs 331 per share, saw its grey market premium surge to around 125% ahead of listing on the BSE SME platform. The Bengaluru-based precision components manufacturer, which serves aerospace, defence, railways, and semiconductors, reported FY26 revenue of Rs 148.77 crore, EBITDA of Rs 56.30 crore, and PAT of Rs 37.06 crore.