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

Bengaluru-based precision engineering company Millworks Technologies' BSE SME IPO opens on July 14, 2026 and closes on July 16, 2026, with a price band of Rs 315-331 per share. The issue size is Rs 160.33 crore at the upper end, comprising up to 48,44,000 equity shares, with a minimum lot of 400 shares. Grey market premium is reportedly around 120 percent, and the company posted FY26 revenue of Rs 148.77 crore, EBITDA of Rs 56.30 crore, and PAT of Rs 37.06 crore. Proceeds will primarily fund capex on plant and machinery, working capital, and general corporate purposes.