SBI Funds Management & Millworks Tech IPOs Launch: Potential Gains

🔥 Main Takeaway

SBI Funds Management and Millworks Technologies IPOs are open, signaling significant listing gains for investors today.

📌 What Happened?

SBI Funds Management, operating SBI Mutual Fund, launched its IPO seeking Rs 9,812.91 crore via 17.10 crore shares.

Its price band is Rs 545-574 per share, with a minimum retail investment of 26 shares (Rs 14,924).

Grey Market Premium (GMP) for SBI Funds Management stood at Rs 100 yesterday, pointing to an estimated 17.42% listing gain at Rs 674.

Millworks Technologies’ SME IPO aims for Rs 160.34 crore through 0.48 crore fresh shares, listing on the BSE SME segment.

Millworks’ issue price is Rs 315-331 per share; a minimum retail investment is 400 shares (Rs 2,64,800 for two lots).

Its GMP was Rs 300 yesterday, suggesting a massive 90.63% listing gain at an estimated Rs 631.

Both IPOs opened on July 14, 2026, and will close on July 16, with listing expected on July 21.

💰 Why It Matters

These IPOs offer distinct opportunities: SBI Funds Management is a stable, large-cap play, while Millworks Technologies presents high-growth, high-risk SME potential.

The significant GMPs, especially Millworks’ 90.63%, highlight strong investor appetite for new listings, potentially driving quick returns.

Young investors keen on wealth creation should note the contrasting risk-reward profiles between a mutual fund giant and an SME tech firm.

The market is signaling robust demand for new issues, indicating broader liquidity and confidence.

👀 What to Watch Next

Keep an eye on the subscription numbers over the next two days, closing on July 16, for demand indicators.

Monitor the Grey Market Premium for any shifts before the listing on July 21, as GMPs are volatile.

Observe how these listings perform on July 21; strong debuts could set the tone for upcoming IPOs.