Monolithisch India Limited, has launched its initial public offering (IPO) on Jun 12, 2025, aiming to raise Rs 82.02 crore through fresh issue of 54.48 lakh equity shares. Monolithisch India Limited IPO is set to close on Jun 16, 2025, with the shares expected to be listed on the NSE SME platform on Jun 19, 2025.
Monolithisch India Limited Company Overview
Monolithisch India is a leading manufacturer and supplier of ramming mass, a refractory consumable used for heat insulation and lining in induction furnaces, primarily serving the iron, steel, and foundry sectors. The company has a strong reputation for building lasting relationships with its consumers and is focused on expanding its manufacturing capabilities, including plans for land acquisition and plant upgrades.
Monolithisch India Limited IPO Details
Monolithisch India IPO is a bookbuilding IPO of Rs 82.02 crores. The issue is a complete fresh issue of Rs 82.02 crores. Hem Securities Limited is the book running lead manger of the Monolithisch India IPO, Kfin Technologies Limited is the Registrar for the issue. Market maker for Monolithisch India IPO is Hem Finlease Private Limited
| Issue Type | Bookbuilding IPO |
| Face Value | Rs 10 per share |
| Issue Price | Rs 135 – Rs 143 per share |
| Lot Size | 1000 shares per lot |
| Issue Size | Rs 82.02 crore |
| Fresh Issue | Rs 82.02 crore |
| Offer for Sale (OFS) | Rs 0 crore |
| Listing at | NSE SME |
| Market Capitalization | Rs 310.82 cr |
| Book Running Lead Managers | Hem Securities Limited |
| Registrar | Kfin Technologies Limited |
| Market Maker | Hem Finlease Private Limited |
Monolithisch India Limited IPO Timeline
Monolithisch India IPO opened on 12th Jun 2025 and Closes on 16th Jun 2025. Find Monolithisch India IPO tentative dates below.
| IPO Open Date | 12-Jun-2025 (Thursday) |
| IPO Close Date | 16-Jun-2025 (Monday) |
| Allotment | 17-Jun-2025 (Tuesday) |
| Initiation of Refunds | 18-Jun-2025 (Wednesday) |
| Demat Credit of Shares | 18-Jun-2025 (Wednesday) |
| Listing Date | 19-Jun-2025 (Thursday) |
| Cut off time for UPI mandate confirmation | 16-Jun-2025 at 5PM |
Monolithisch India Limited IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The following table shows the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 1000 | Rs 1,43,000 |
| Retail (Maximum) | 1 | 1000 | Rs 1,43,000 |
| HNI (Minimum) | 2 | 2000 | Rs 2,86,000 |
Monolithisch India Limited IPO Objectives
The proceeds from the Monolithisch India IPO will be utilised for following purposes:
| Purpose | Amount (in Rs) | Percentage |
|---|---|---|
| Capital expenditure (new manufacturing facility) | 16.58 Crore | 20.21% |
| Investment in subsidiary Metalurgica India Pvt Ltd | 27.90 Crore | 34.01% |
| Working capital | 20.00 Crore | 24.38% |
| General corporate use | 17.54 Crore | 21.38% |
Monolithisch India IPO Financial Performance
Find Monolithisch India IPO last 3 years financial details below.
| Financials | 31-Mar-25 (Crores) | 31-Mar-24 (Crores) | 31-Mar-23 (Crores) |
|---|---|---|---|
| REVENUE | 97.49 | 68.94 | 41.90 |
| ASSETS | 55.90 | 27.64 | 16.20 |
| NET WORTH | 35.20 | 18.52 | 10.01 |
| TOTAL DEBT | 7.43 | 2.70 | 3.67 |
| PAT | 14.49 | 8.51 | 4.54 |
Monolithisch India Limited IPO Strengths and Risks
Strengths:
- Established manufacturing facility with easy access to raw material sources
- Long-standing customer relationships with customers along with location advantage
- Expansive product portfolio
- Track record of healthy financial performance.
Risks:
- Dependence on key suppliers without long-term contracts may disrupt operations and impact financial performance.
- Top 3 customers contribute approximately 26% of total revenue.
- Exposure to operational hazards from machinery and chemicals may lead to accidents, liabilities, or business disruptions.
- Dependence on third-party transport providers exposes the company to risks of delays, losses, or disruptions that may impact operations and financial performance.
- The company derives most of its revenue from West Bengal, Odisha, and Jharkhand and operates a single facility, exposing it to regional risks and challenges in geographic expansion.
Monolithisch India IPO Grey Market Premium (GMP)
The shares were commanding a Grey Market Premium (GMP) of Rs 39 translating to a 27% premium over the upper price band of Rs 143.
Monolithisch India Limited IPO Review: Apply
Disclaimer: This blog’s content is intended solely for informational and educational purpose only. Before making any investment decisions, it is recommended that investors consult with a certified financial advisor.