coin-img-BTCBTC-0.25%coin-img-ETHETH+0.14%coin-img-SOLSOL-1.46%coin-img-XRPXRP-0.64%coin-img-USDCUSDC+0.05%coin-img-HYPEHYPE-2.78%coin-img-LABLAB-15.41%coin-img-TRXTRX-1.54%coin-img-BTCBTC-0.25%coin-img-ETHETH+0.14%coin-img-SOLSOL-1.46%coin-img-XRPXRP-0.64%coin-img-USDCUSDC+0.05%coin-img-HYPEHYPE-2.78%coin-img-LABLAB-15.41%coin-img-TRXTRX-1.54%coin-img-BTCBTC-0.25%coin-img-ETHETH+0.14%coin-img-SOLSOL-1.46%coin-img-XRPXRP-0.64%coin-img-USDCUSDC+0.05%coin-img-HYPEHYPE-2.78%coin-img-LABLAB-15.41%coin-img-TRXTRX-1.54%coin-img-BTCBTC-0.25%coin-img-ETHETH+0.14%coin-img-SOLSOL-1.46%coin-img-XRPXRP-0.64%coin-img-USDCUSDC+0.05%coin-img-HYPEHYPE-2.78%coin-img-LABLAB-15.41%coin-img-TRXTRX-1.54%
user-avatar
The Economic Times

Millworks Technologies opens ₹160.33 crore BSE SME IPO; grey market premium jumps to ₹390

AI Market Summary
Millworks Technologies' BSE SME IPO opens with strong grey-market pricing (reported ~120% GMP) and solid FY26 profitability, signaling elevated retail risk appetite in a narrow segment of Indian equities. The news is company-specific and not directly tied to major listed proxies in the provided asset list, so broader cross-asset spillover should be limited near term, with any impact mainly via marginal sentiment toward small-cap/SME issuance.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-0.59%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Millworks Technologies Limited launched its BSE SME IPO on July 14, 2026, aiming to raise ₹160.33 crore through a book-built issue priced at ₹315–₹331 per share. Grey market demand has been strong, with the GMP at ₹390, implying about a 120% premium. The company also reported FY26 revenue of ₹148.77 crore and profit after tax (PAT) of ₹37.06 crore.
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
Stocks

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.


Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.