Latest news with #MonolithischIndia
Economic Times
09-07-2025
- Business
- Economic Times
Multibagger smallcap stock shoots up by 43% in 3 days as Mukul Agrawal buys 5 lakh shares
The shares of multibagger stock Monolithisch India, which delivered a whopping return of nearly 203% in just the last month, surged another 43.2% in the last 3 trading sessions to its new all-time high of Rs 443.30 on the NSE after ace investor Mukul Agrawal bought 5 lakh shares of the company. ADVERTISEMENT Today alone, the shares of Monolithisch India zoomed 10%. According to the company's shareholding pattern available on the NSE, Mukul Agrawal owns 5 lakh shares, representing 2.3% equity of the company at the end of the June 2025 quarter. The company's promoters and the promoter group hold a 73.6% stake, while the remaining 23.4% rests in the hands of the public per the latest corporate shareholdings filed, Mukul Agrawal publicly holds 62 stocks with a net worth of over Rs 6,754.7 crore, according to the data available on the end of the June quarter, Agrawal added 2 new stocks to his portfolio, according to the Trendlyne data. One of them is Jammu & Kashmir Bank, while the other one is Monolithisch India. ADVERTISEMENT The shareholding patterns of other companies where Mukul Agrawal holds a stake are still awaited. Also read: ICICI Prudential AMC files for Rs 10,000 cr IPO; entirely an offer for sale by Prudential Corp ADVERTISEMENT Monolithisch India was recently listed on the NSE SME platform in the month of June at a robust premium of 61.9% or Rs 88.5 over its issue price of Rs 143. Since its listing, the shares of the company have rallied by 91.5% from its listing price of Rs 231.50, while the IPO investors are enjoying an impressive return of 210%. ADVERTISEMENT Monolithisch India, established in August 2018, specializes in the production and supply of ramming mass, an essential heat-insulating material used in induction furnaces within the iron and steel company has shown consistent growth, increasing its client count from 43 in 2023 to 61 in 2025, indicating a growing market footprint. In FY25, Monolithisch India reported strong financial results, with revenue rising by 41% to Rs 97.49 crore and net profit jumping 70% to Rs 14.49 crore compared to the previous fiscal year. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
09-07-2025
- Business
- Time of India
Multibagger smallcap stock shoots up by 43% in 3 days as Mukul Agrawal buys 5 lakh shares
The shares of multibagger stock Monolithisch India , which delivered a whopping return of nearly 203% in just the last month, surged another 43.2% in the last 3 trading sessions to its new all-time high of Rs 443.30 on the NSE after ace investor Mukul Agrawal bought 5 lakh shares of the company. Today alone, the shares of Monolithisch India zoomed 10%. According to the company's shareholding pattern available on the NSE, Mukul Agrawal owns 5 lakh shares, representing 2.3% equity of the company at the end of the June 2025 quarter. The company's promoters and the promoter group hold a 73.6% stake, while the remaining 23.4% rests in the hands of the public shareholders. As per the latest corporate shareholdings filed, Mukul Agrawal publicly holds 62 stocks with a net worth of over Rs 6,754.7 crore, according to the data available on Trendlyne. At the end of the June quarter, Agrawal added 2 new stocks to his portfolio, according to the Trendlyne data. One of them is Jammu & Kashmir Bank, while the other one is Monolithisch India. The shareholding patterns of other companies where Mukul Agrawal holds a stake are still awaited. Also read: ICICI Prudential AMC files for Rs 10,000 cr IPO; entirely an offer for sale by Prudential Corp Monolithisch India share price history Monolithisch India was recently listed on the NSE SME platform in the month of June at a robust premium of 61.9% or Rs 88.5 over its issue price of Rs 143. Since its listing, the shares of the company have rallied by 91.5% from its listing price of Rs 231.50, while the IPO investors are enjoying an impressive return of 210%. About Monolithisch India Monolithisch India, established in August 2018, specializes in the production and supply of ramming mass, an essential heat-insulating material used in induction furnaces within the iron and steel industry. The company has shown consistent growth, increasing its client count from 43 in 2023 to 61 in 2025, indicating a growing market footprint. In FY25, Monolithisch India reported strong financial results, with revenue rising by 41% to Rs 97.49 crore and net profit jumping 70% to Rs 14.49 crore compared to the previous fiscal year.
Mint
27-06-2025
- Business
- Mint
24 IPOs mobilise ₹9500 crore in June as primary market activity picks up
India's primary market witnessed another busy month in June, as companies lined up to list their shares on Dalal Street amid improving sentiment toward riskier assets, bringing back the buoyancy seen earlier in 2025. Activity, which had remained muted after February, picked up momentum in May, driven by easing fears of a global recession led by tariff tensions and supported by favourable domestic conditions. The RBI's multiple interest rate cuts and its continued confidence in a domestically driven economy have restored much-needed investor confidence, pushing equities higher. The rebound in sentiment has prompted many companies to revive stake sale plans that were previously put on hold in anticipation of better market conditions. Reports also suggest that nearly 75 companies have received SEBI approval to raise funds from investors, indicating that IPO fervour is likely to remain intact. 24 IPOs hit Dalal Street, collect ₹ 9,500 crore In the current month so far, 24 companies have successfully raised ₹9,525 crore from the Indian stock market, according to Trendlyne data. The SME segment dominated the fresh issues, accounting for 75% of the total, while the remaining 25% came from the mainboard segment. Investor interest in these new issues remained mixed. Around 50% of the IPOs received total subscriptions of less than 10 times, whereas eight companies saw strong demand, with subscription levels ranging from 90 to 291 times. Sacheerome topped the chart, with its issue subscribed 291 times, followed by Eppeltone Engineers, Mayasheel Ventures, Influx Healthtech, and Monolithisch India, all of which were subscribed over 100 times. Amid strong investor demand, several of these stocks have also been listed with significant gains. Eppeltone Engineers, for instance, debuted at ₹243, marking a 90% premium over its IPO price of ₹128, and is currently trading 89% above its issue price. Likewise, Monolithisch India was listed at ₹243, a 61.9% gain over its IPO price of ₹143, and is currently trading 92.9% higher. Overall, 15 stocks, including those from both the SME and mainboard segments, are currently trading above their respective issue prices. Among the larger IPOs launched in June were Schloss Bangalore, Aegis Vopak Terminals, and Oswal Pumps, with issue sizes of ₹3,500 crore, ₹2,800 crore, and ₹1,387 crore, respectively. 26 IPOs likely to hit exchanges in first two weeks of July The pipeline for new listings in July also looks buoyant, with 26 issues expected to hit Dalal Street in the first two weeks. Bidding for the majority of these IPOs has already opened for investors. A total of seven IPOs, including Kalpataru, Ellenbarrie Industrial Gases, Globe Civil Projects, AJC Jewel Manufacturers, Shri HareKrishna Sponge Iron, Icon Facilitators, and Abram Food are likely to debut on the exchanges on July 1. Meanwhile, HDB Financial Services, the largest offering in the nation's equity market since Hyundai Motor India Ltd.'s ₹27,870 crore deal last year, will see its bidding close today and is likely to list on both BSE and NSE on July 2. Meanwhile, LG Electronics India, which is another Korean-based company, has received approval for a ₹15,000 crore offer-for-sale (OFS). At the same time, Walmart Inc.'s PhonePe, India's largest provider of digital payments, is also reportedly preparing to file preliminary documents for an initial public offering (IPO) that may raise as much as $1.5 billion. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
Mint
27-06-2025
- Business
- Mint
24 IPOs mobilise ₹9500 crore in June as primary market activity picks up
India's primary market witnessed another busy month in June, as companies lined up to list their shares on Dalal Street amid improving sentiment toward riskier assets, bringing back the buoyancy seen earlier in 2025. Activity, which had remained muted after February, picked up momentum in May, driven by easing fears of a global recession led by tariff tensions and supported by favourable domestic conditions. The RBI's multiple interest rate cuts and its continued confidence in a domestically driven economy have restored much-needed investor confidence, pushing equities higher. The rebound in sentiment has prompted many companies to revive stake sale plans that were previously put on hold in anticipation of better market conditions. Reports also suggest that nearly 75 companies have received SEBI approval to raise funds from investors, indicating that IPO fervour is likely to remain intact. In the current month so far, 24 companies have successfully raised ₹ 9,525 crore from the Indian stock market, according to Trendlyne data. The SME segment dominated the fresh issues, accounting for 75% of the total, while the remaining 25% came from the mainboard segment. Investor interest in these new issues remained mixed. Around 50% of the IPOs received total subscriptions of less than 10 times, whereas eight companies saw strong demand, with subscription levels ranging from 90 to 291 times. Sacheerome topped the chart, with its issue subscribed 291 times, followed by Eppeltone Engineers, Mayasheel Ventures, Influx Healthtech, and Monolithisch India, all of which were subscribed over 100 times. Amid strong investor demand, several of these stocks have also been listed with significant gains. Eppeltone Engineers, for instance, debuted at ₹ 243, marking a 90% premium over its IPO price of ₹ 128, and is currently trading 89% above its issue price. Likewise, Monolithisch India was listed at ₹ 243, a 61.9% gain over its IPO price of ₹ 143, and is currently trading 92.9% higher. Overall, 15 stocks, including those from both the SME and mainboard segments, are currently trading above their respective issue prices. Among the larger IPOs launched in June were Schloss Bangalore, Aegis Vopak Terminals, and Oswal Pumps, with issue sizes of ₹ 3,500 crore, ₹ 2,800 crore, and ₹ 1,387 crore, respectively. The pipeline for new listings in July also looks buoyant, with 26 issues expected to hit Dalal Street in the first two weeks. Bidding for the majority of these IPOs has already opened for investors. A total of seven IPOs, including Kalpataru, Ellenbarrie Industrial Gases, Globe Civil Projects, AJC Jewel Manufacturers, Shri HareKrishna Sponge Iron, Icon Facilitators, and Abram Food are likely to debut on the exchanges on July 1. Meanwhile, HDB Financial Services, the largest offering in the nation's equity market since Hyundai Motor India Ltd.'s ₹ 27,870 crore deal last year, will see its bidding close today and is likely to list on both BSE and NSE on July 2. Meanwhile, LG Electronics India, which is another Korean-based company, has received approval for a ₹ 15,000 crore offer-for-sale (OFS). At the same time, Walmart Inc.'s PhonePe, India's largest provider of digital payments, is also reportedly preparing to file preliminary documents for an initial public offering (IPO) that may raise as much as $1.5 billion.
Business Standard
19-06-2025
- Business
- Business Standard
NSE SME Monolithisch India gets red-hot welcome on listing day
Shares of Monolithisch India were trading at Rs 243.10 on the NSE, a premium of 70% compared with the issue price of Rs 143. The scrip was listed at Rs 231.55, a premium of 61.92% compared with the initial public offer (IPO) price. The stock was currently frozen at its upper limit of 5% over its listing price. The counter hit a high of Rs 243.10 and a low of Rs 230. About 28.94 lakh shares of the company changed hands at the counter. Monolithisch India's IPO was subscribed 170.12 times. The issue opened for bidding on 12 June 2025 and it closed on 16 June 2025. The price band of the IPO was fixed between Rs 135 to Rs 143 per share. The IPO comprised fresh issue of 57,36,000 equity shares. The promoter and promoter group shareholding diluted to 73.61% from 100% pre-issue. The company intends to utilize the net proceeds for funding capital expenditure towards setting up of a manufacturing facility, including the purchase of land, construction of a factory shed, civil works and installation of additional plant and machinery. It also plans to invest in its subsidiary, Metalurgica India, to finance its capital expenditure for similar purposes -- namely, the purchase of land, construction of a factory shed, civil works, and installation of plant and machinery. Additionally, the proceeds will be used to meet working capital requirements and for general corporate purposes. Ahead of the Monolithisch India on 11 June 2025, raised Rs 23.35 crore from anchor investors. The board has allotted 16.33 lakh shares at Rs 143 per share to 11 anchor investors. Monolithisch India is a specialized manufacturer and supplier of high-quality ramming mass, primarily used as a heat insulation and lining material in induction furnaces. These products serve as essential refractory consumables for iron, steel, and foundry plants. In addition to manufacturing, the company also undertakes trading activities on an occasional basis to fulfill urgent or excess demand from customers. Monolithic Indias customer base primarily comprises iron and steel producers located in the eastern region of India, with a strong presence in the states of West Bengal, Jharkhand, and Odisha. The company recorded revenue from operations of Rs 97.34 crore and net profit of Rs 14.49 crore for the period ended 31 March 2025.
