Millworks Technologies IPO listing: SME stock hits upper circuit after listing at a solid 90% premium over issue price

Millworks Technologies debuted at around Rs 629 on the BSE SME platform, a 90% premium over its issue price of Rs 331, and quickly surged to hit its 5% upper circuit at Rs 660.30. Despite the strong listing, the performance fell short of grey market expectations, which had suggested a premium of over 119%.