Millworks Technologies IPO listing: Millworks Technologies share price made a stellar debut and jumped further to hit its upper circuit on Tuesday, 21 July, despite weak market sentiment.
The SME stock debuted at ₹628.90 on the BSE SME, up 90% from its issue price of ₹331 and surged further to hit its 5% upper price band of ₹660.30. The stock was locked at its upper price band around 10:30 AM, while equity benchmark Sensex was 0.26% down at 77,506.
Even though the stock made a stellar debut, it fell short of grey market expectations, as the last grey market premium (GMP) for Millworks Technologies shares was ₹395, suggesting the stock could list at a premium of more than 119%.
(This is a developing story. Please check back for fresh updates.)
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