New Delhi, July 14 -- Millworks Technologies IPO day 1: The initial public offering (IPO) of precision engineering company Millworks Technologies is witnessing healthy investor demand, while robust grey market premiums reflect bullish sentiment toward the stock.

Millworks Technologies IPO opened for public subscription on Tuesday, 14 July, and will conclude on Thursday, 16 July. The BSE SME IPO is entirely a fresh issue of 48,44,000 shares of face value of Rs.10 each.

Ahead of the IPO, the company raised Rs.43.86 crore from anchor investors by issuing 13,25,200 shares to four anchor investors at a bid price of Rs.331 per share.

According to grey market sources, the GMP of Millworks Technologies shares was Rs.300 on Tuesday morning. Thi...