Monolithisch India IPO opens today; check GMP, subscription status, issue details, more
Monolithisch India IPO opens for subscription on Thursday, June 12 and will conclude on Monday, June 16. Monolithisch India IPO price band has been set between ₹ 135 and ₹ 143 per equity share, with a face value of ₹ 10 each. Investors can place bids for a minimum of 1,000 equity shares and in increments of 1,000 shares thereafter.
Monolithisch India Limited produces and distributes specialized "ramming mass," a heat-resistant refractory utilised in induction furnaces for the iron and steel sector. The company's range of products includes SGB-777, SLM-999, BG-77, Quartzite Grain SLM -980, and SLM 980. As an ISO certified entity, the company focuses on manufacturing tailored ramming mass for heat insulation, which customers use as a refractory consumable in induction furnaces within iron, steel, and foundry operations.
The primary customers of the company are iron and steel manufacturers located in Eastern India, predominantly in West Bengal, Jharkhand, and Odisha. The manufacturing facility is located in Purulia, West Bengal. The number of clients increased from 43 in 2023 to 61 by 2025.
Monolithisch India's revenue surged by 41%, while its profit after tax (PAT) jumped by 70% from the financial year ending March 31, 2024, to March 31, 2025.
As per the red herring prospectus (RHP), the company's sole listed peer is Raghav Productivity Enhancers Ltd (with a P/E of 88.64 times).
Subscription for the public issue will open at 10:00 IST during Thursday's deals.
Monolithisch India IPO consists of a fresh issue of 54,48,000 equity shares, aggregating to ₹ 82.02 crore. There is no offer-for-sale (OFS) component.
The Monolithisch India IPO intends to use the net proceeds from the offering for several purposes, including financing capital expenditures for establishing the Company's manufacturing facility, making investments in its subsidiary, addressing working capital needs, and covering general corporate expenses.
Hem Securities Limited serves as the book-running lead manager for the Monolithisch India IPO, whereas Kfin Technologies Limited acts as the registrar for this offering. The market maker for the Monolithisch India IPO is Hem Finlease Private Limited.
Monolithisch India IPO GMP today is +36. This indicates Monolithisch India share price was trading at a premium of ₹ 36 in the grey market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Monolithisch India share price is indicated at ₹ 179 apiece, which is 25.17% higher than the IPO price of ₹ 143.
According to the grey market activities from the last seven sessions, the IPO GMP is trending upward today, suggesting a robust listing. The minimum GMP recorded is ₹ 10.00, while the maximum is ₹ 36, as per the insights from investorgain experts.
'Grey market premium' indicates investors' readiness to pay more than the issue price.
Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
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Mint
2 hours ago
- Mint
Monolithisch India IPO allotment date in focus. Latest GMP, steps to check share allotment status online for SME IPO
Monolithisch India IPO Allotment: The initial public offering (IPO) of Monolithisch India, a manufacturer of specialized 'ramming mass', a heat insulation refractory, received stellar demand. As the bidding period has ended, investors will now focus on Monolithisch India IPO allotment date which is likely today. The SME IPO was open for subscription from June 12 to June 16. Monolithisch India IPO allotment date is expected to be today, June 17, and the IPO listing date is likely June 19. The company will soon finalise the Monolithisch India IPO allotment status. Once the Monolithisch India IPO allotment status is fixed, the company will then credit the equity shares into the demat accounts of eligible allotment holders, and initiate refunds to the unsuccessful bidders. Investors can check Monolithisch India IPO allotment status online though the NSE website or the official portal of the IPO registrar. Kfin Technologies is the Monolithisch India IPO registrar. In order to do a Monolithisch India IPO allotment status check online, investors must follow the few simple steps mentioned below: Step 1] Visit IPO registrar's website on this link - Step 2] Choose 'Monolithisch India Limited' in the Select IPO dropdown menu Step 3] Select either Application No, Demat Account, or PAN Step 4] Enter the details as per the option selected Step 5] Enter the Captcha code and click on Submit Your Monolithisch India IPO allotment status will be displayed on the screen. Monolithisch India shares are showing a bullish trend in the unlisted market, with a strong grey market premium (GMP). Monolithisch India IPO GMP today is ₹ 40 per share, according to stock market experts. Monolithisch India IPO GMP today indicates that the equity shares are estimated to be listed at ₹ 183 apiece on the NSE SME, which is at a premium of 27.97% to the issue price of ₹ 143 per share. The bidding for Monolithisch India IPO commenced on Thursday, June 12, and concluded on Monday, June 16. Monolithisch India IPO allotment date is likely today, June 17, and the IPO listing date is estimated to be June 19. Monolithisch India IPO is an SME IPO and the equity shares of the company will be listed on NSE Emerge, a platform for SME companies. Monolithisch India IPO price band was fixed as ₹ 143 per share. The company raised ₹ 82.02 crore from the book-building issue which was entirely a fresh issue of 54.48 lakh shares Monolithisch India IPO was subscribed 182.89 times in total. The public issue received 94.71 times subscription in the retail category, 129.20 times booking in the Qualified Institutional Buyers (QIB) portion, and 459.99 times in the Non-Institutional Investors (NII) category. Hem Securities is the book-running lead manager of the Monolithisch India IPO, while Kfin Technologies is the IPO registrar. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
a day ago
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Monolithisch India GMP at 26% on final day of IPO subscription. Check all details
Shares of Monolithisch India are trading at a healthy grey market premium ( GMP ) of 25.9%, or Rs 37–39, in the unlisted market on the final day of its bidding process. The initial public offering (IPO) has attracted a total subscription of 17.7 times so far. As of around 11:15 a.m. today, the issue—which opened for public subscription on June 12—received bids for 7,25,23,000 shares against 41,03,000 shares reserved for all categories of investors. Retail investors led the response with 41,174 applications bidding for 4,11,74,000 shares. This was followed by non-institutional investors (NIIs), who subscribed to 2,78,29,000 shares through 3,091 applications, and qualified institutional buyers (QIBs), who made 6 applications for a total of 56,50,000 shares. The SME IPO aims to raise Rs 82.02 crore by issuing 54.48 lakh new equity shares. The shares are slated to list on the NSE SME platform, with a tentative listing date of June 19, 2025. The IPO is priced in a band of Rs 135 to Rs 143 per share. Retail investors can apply for a minimum lot size of 1,000 shares, which translates to an investment of Rs 1.43 lakh at the upper end of the price range. Hem Securities is acting as the book-running lead manager, while Kfin Technologies is the registrar for the issue. Live Events Proceeds from the IPO will be used to fund capital expenditure for setting up a new manufacturing facility, invest in its subsidiary Metalurgica India Private Limited, meet working capital requirements, and cover general corporate expenses. About Monolithisch India Monolithisch India, incorporated in August 2018, is engaged in the manufacturing and supply of ramming mass—a crucial heat insulation material used in iron and steel induction furnaces. The company has demonstrated steady growth, expanding its client base from 43 in 2023 to 61 in 2025, reflecting a strengthening market presence. In FY25, Monolithisch delivered a robust financial performance, with revenue rising 41% to Rs 97.49 crore and net profit surging 70% to Rs 14.49 crore, compared to the previous fiscal year. Also read: Bajaj Finance shares didn't crash 90%! Here's what a stock split and bonus really mean ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
a day ago
- Economic Times
Monolithisch India GMP at 26% on final day of IPO subscription. Check all details
Live Events About Monolithisch India (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Monolithisch India are trading at a healthy grey market premium ( GMP ) of 25.9%, or Rs 37–39, in the unlisted market on the final day of its bidding process. The initial public offering (IPO) has attracted a total subscription of 17.7 times so of around 11:15 a.m. today, the issue—which opened for public subscription on June 12—received bids for 7,25,23,000 shares against 41,03,000 shares reserved for all categories of investors led the response with 41,174 applications bidding for 4,11,74,000 shares. This was followed by non-institutional investors (NIIs), who subscribed to 2,78,29,000 shares through 3,091 applications, and qualified institutional buyers (QIBs), who made 6 applications for a total of 56,50,000 SME IPO aims to raise Rs 82.02 crore by issuing 54.48 lakh new equity shares. The shares are slated to list on the NSE SME platform, with a tentative listing date of June 19, IPO is priced in a band of Rs 135 to Rs 143 per share. Retail investors can apply for a minimum lot size of 1,000 shares, which translates to an investment of Rs 1.43 lakh at the upper end of the price range. Hem Securities is acting as the book-running lead manager, while Kfin Technologies is the registrar for the from the IPO will be used to fund capital expenditure for setting up a new manufacturing facility, invest in its subsidiary Metalurgica India Private Limited, meet working capital requirements, and cover general corporate India, incorporated in August 2018, is engaged in the manufacturing and supply of ramming mass—a crucial heat insulation material used in iron and steel induction furnaces. The company has demonstrated steady growth, expanding its client base from 43 in 2023 to 61 in 2025, reflecting a strengthening market presence. In FY25, Monolithisch delivered a robust financial performance, with revenue rising 41% to Rs 97.49 crore and net profit surging 70% to Rs 14.49 crore, compared to the previous fiscal year.: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
