Millworks Tech Soars with 120% GMP as SBI Funds Highlights Among Six Anticipated IPOs!
The Indian IPO market is poised for a bustling week as multiple new issues, including both mainboard and SME listings, are set to capture investor attention. Among the standout offerings is the Millworks Technologies IPO, which is slated to open for subscription on July 14, 2026. This Rs 160.34 crore BSE SME IPO is generating considerable excitement, evidenced by a substantial Grey Market Premium (GMP) of Rs 395, indicating a robust potential listing price of approximately Rs 726. This 120% premium over the issue price of Rs 331 highlights the market’s optimistic outlook on this offering and signals strong investor interest in the SME segment.
In the mainboard category, the SBI Funds Management IPO, with a sizeable issue size of Rs 9,795 crore, is also capturing significant market sentiment. Set to open for subscription on the same day as Millworks Technologies, its current GMP ranges between Rs 91-92, suggesting an expected listing price of around Rs 665, which represents a potential gain of 16% over its offer price of Rs 574. Similarly, the Kusumgar IPO has shown a positive sentiment with a 39% premium reflected in its GMP, indicating an estimated listing price of Rs 579. Such figures underscore a promising outlook as investors eye noteworthy gains from these offerings.
The ongoing robust activity in the grey market highlights the prevailing optimism among investors and suggests a heightened demand for quality IPOs. However, while strong GMPs can indicate positive investor sentiment, it is important to remember that actual listing performance may fluctuate based on subscription demand and broader market conditions at the time of listing. Consequently, the diverse range of IPOs available, such as those from Millworks Technologies and SBI Funds Management, presents a compelling opportunity for Indian investors looking to diversify their portfolios and capitalize on potential gains in a dynamic market environment.
Source: The Economic Times
(Expert Note: This report was prepared by the Wealthova IPO team.)