Monolithisch India opened its SME Initial Public Offering (IPO) for subscription today, June 12, and the three-day bidding window will remain open till June 16, 2025.
As of 11:00 am, the IPO was subscribed 0.26 times overall, with the retail category seeing a subscription of 0.45 times, QIBs (Qualified Institutional Buyers) at 0.00 times, and NIIs (Non-Institutional Investors) at 0.17 times.
Monolithisch India IPO Details: Price band, lot size & more
The Rs 82.02 crore IPO is a book-built issue, consisting entirely of a fresh issue of 54.48 lakh equity shares.
The issue is being managed by Hem Securities Limited, with Kfin Technologies Limited acting as the registrar. Hem Finlease Private Limited is the appointed market maker for the IPO. The price band has been fixed in the range of Rs 135 to Rs 143 per share.
Investors can apply in a minimum lot size of 1,000 shares, requiring a minimum investment of Rs 1,35,000 for retail applicants. However, investors are advised to consider bidding at the cutoff price, which amounts to around Rs 1,43,000, to increase allotment chances in case of oversubscription. For HNI (High Net-worth Individual) investors, the minimum application is 2 lots, i.e., 2,000 shares, amounting to Rs 2,86,000.
Monolithisch India Shares: Allotment and listing dates
The IPO will close on June 16, 2025, and the basis of allotment is expected to be finalised on June 17, 2025 (Tuesday). The equity shares are proposed to be listed on the NSE SME platform, with the tentative listing date set for June 19, 2025 (Thursday).
What does Monolithisch India do?
Formed in August 2018, Monolithisch India Limited Manufacture and supply of specialized ramming mass, which is a major refractory material in induction furnaces when produced by steel and iron industries. The product portfolio of the Company comprises a number of grades like SGB-777, SLM-999, BG-77, Quartzite Grain SLM-980, and SLM 980. The Company primarily serves customers in Eastern India, especially in the states of West Bengal, Jharkhand, and Odisha, being ISO certified with its manufacturing unit in Purulia, West Bengal. The company’s clients increased from 43 as of 2023 to 61 in 2025, indicating a rising market demand. As of March 31, 2025, Monolithisch India has 26 full-time employees and also employs contract workers for its production processes.
Financial Snapshot
Survival and growth for any company with healthy growth would be unthinkable. Revenues went up by 41 per cent over FY24, and profit after tax by as much as 70 per cent in FY25. According to the restated standalone financials, assets grew from the figure of Rs 27.64 crore in FY24 to Rs 55.90 crore in FY25.
The revenue climbed from Rs 68.94 crore to Rs 97.49 crore and profit after tax from Rs 8.51 crore to Rs 14.49 crore. Net worth was at Rs 35.20 crore by the start of FY25, and total borrowings moderately increased till Rs 7.43 crore at the end of FY25.
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- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
