The initial public offering (IPO) of Millworks Technologies saw strong demand, with the issue subscribed 17 times as of 10:57 AM IST on July 15, 2026, according to data from the Bombay Stock Exchange. The strong subscription rate suggests robust investor interest ahead of the final bidding deadline.
Key Details
The grey market premium (GMP) for Millworks Technologies indicates a potential listing gain of approximately 90%. This signals positive sentiment among investors regarding the company's prospects following the IPO.
In contrast, Alpine Texworld's IPO recorded a subscription of 34% by 10:15 AM IST on the same day, with its GMP rising to 10%. This reflects a more modest interest compared to Millworks Technologies. The differing subscription rates highlight varying investor confidence in these two offerings.
Background
Additionally, Groww reported a significant increase in net profit for Q1, rising 94% to Rs 735 crore, which may influence market sentiment towards tech-related IPOs. The company’s revenue also increased by 66% to Rs 1,501 crore, further boosting investor confidence.
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The strong subscription of Millworks Technologies could positively influence investor sentiment in the SME IPO segment, potentially leading to increased activity in similar offerings. Investors will watch for the final subscription numbers and listing performance of both Millworks Technologies and Alpine Texworld in the coming days, as these will provide insight into market appetite for new listings.