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IPO Analysis > monolithisch-india-nse-sme

Monolithisch India IPO News: All You Need to Know


Between 2019 and 2024, India’s steel production surged by 33%, making it an economy experiencing consistent growth in the sector. Monolithisch India Limited, is an SME operating in this high-growth industry. 

Now, in order to gain prominence in the public market, the company has launched its IPO.

The merchant banker for the issue is Hem Securities, with KFin Technologies appointed as the registrar. 

To learn more before investing, click here to read the full RHP.

Note: Anchor investors’ shares will be subject to a lock-in period of 30 days for 50% of the allocation and 90 days for the remainder post-allotment.

Monolithisch IPO Review: Company Profile

Monolithisch India Limited has been steadily expanding since its incorporation, setting up a strong foothold in the refractory materials market in India.

Particulars

Description

Established in

2018

Headquarters

Purulia, West Bengal

Business Focus

Manufacturing ramming mass for steel & foundry furnaces

Market Reach

Eastern India (West Bengal, Jharkhand, Odisha)

Capacity

~1,48,000 MTPA (2024)

Competitors

Vesuvius India Ltd., Graphite India Ltd., RHI Magnesita India


Highlights of the Monolithisch India Limited IPO

Monolithisch India aims to raise ₹82.02 crore through this IPO to strengthen its operations and fund expansion. Here are its key details.

The Monolithisch Limited IPO is currently live for subscription. Discussed below are the details you need to know before applying:

Particulars

Details

IPO Open Date

June 12, 2025

IPO Close Date

June 16, 2025

UPI Mandate Deadline 

June 16, 2025 (5 PM)

Allotment Date

June 17, 2025

Refund Initiation

June 18, 2025

Share Credit

June 18, 2025

Expected Listing 

June 19, 2025

Mandate End Date

July 01, 2025

Lock-in End Date for Anchor Investors (50%)

July 17, 2025

Lock-in End Date for Anchor Investors (remaining)

Sep 15, 2025

Exchange

NSE SME

DRHP Filing Date

March 1, 2025


The size of the Monolithisch India IPO, along with the Monolithisch Ltd share price, is discussed in this section.


Particulars

Details

Fresh Issue

57,36,000 equity shares

Offer Size

₹82.02 crore

Offer for Sale (OFS)

Not Applicable

Total Issue (As per DRHP)

5,736,000 shares

Market Maker Reservation

288,000 shares

Price Band

₹135 to ₹143 per share

Lot Size

1000 shares

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The objective of the Monolithisch IPO is to raise capital to fund the following:


Particulars

Amount (₹ in Lakhs)

Funding capital expenditure for setting up a manufacturing facility

₹1,657.77

Investment in subsidiary, Metallurgica India Private Limited 

₹2,789.67

To meet working capital requirements

₹2,000.00

General Corporate Purpose (to be finalised as per issue price. Capped at 15% of gross proceeds or ₹1,000 Lakhs)

To be finalised

Total

To be finalised

Shares are divided among investor categories as per the following SEBI norms:

Parameters

QIB

NII

RII

Percentage of the offer available for allotment

32.82% (20,90,000 shares)

12.84% (8,18,000 shares)

29.94% (19,07,000 shares)

Minimum bid (must exceed)

Applicants can bid for equity shares of face value ₹10 each, in multiples, with bids exceeding ₹2 lakh.

Investors must apply in multiples of ₹10 face value shares, with bids above ₹10 lakh.

Applications should be for ₹10 face value equity shares.

Maximum bid (should not exceed)

Can apply in multiples of ₹10 shares up to their eligible portion.

Can bid in multiples up to their eligible size (excluding QIB portion).

Total bid must not exceed ₹2 lakh.

Key Financials: Monolithisch India IPO Details 

Monolithisch India Limited has displayed financial growth over the last two years, driven by increasing demand for induction furnace consumables in eastern India. Here's a brief of Monolithisch India’s key financial data based on its audited results:

Monolithisch India Limited has shown consistent financial growth. FY24 revenue nearly doubled, and profit after tax has greater than doubled YoY:

Parameters

FY 2024 (₹ million)

FY 2023 (₹ million)

Revenue from Operations

819.80

419.00

Other Income

2.80

0.60

Profit After Tax (PAT)

111.80

45.40


Investor-oriented metrics such as EPS and NAV for insights into the value and cash strength of the company:

Parameters

FY 2024

FY 2023

EPS (Basic)

₹13.62

₹5.53

EPS (Diluted)

₹13.62

₹5.53

NAV per Share

₹36.36

₹22.74

Operating Cash Flow

Not disclosed

Not disclosed

Profitability and debt metrics to help you evaluate the financial health of Monolithisch India post-IPO:

Ratios

FY 2024

FY 2023

Net Profit Margin

13.64%

10.84%

Debt-to-Equity Ratio

~0.21 (est.)

~0.45 (est.)

Return on Equity (ROE)

Not disclosed

Not disclosed

Current Ratio

Not disclosed

Not disclosed


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Strengths and Risks of Monolithisch India IPO


Monolithisch India demonstrates strong operational capabilities and impressive growth metrics, but like any business, it also faces certain risks that investors should be aware of.

Strengths:

Risks:

Should You Invest in the Monolithisch India IPO?

If you're optimistic about India's booming steel sector, this SME IPO offers exposure to a focused manufacturer within a fast-growing industry. With solid financials and planned expansion, it presents potential value, but before you move ahead, thoroughly assess the final Monolithisch Limited Share Price, Monolithisch IPO GMP, issue size and more.

The Monolithisch India IPO subscription is open now!

Click here to keep an eye out for updated GMP trends and pricing details to make an informed investment decision!