Latest news with #MonolithischIndia
Economic Times
2 days ago
- Business
- Economic Times
IPO calendar: 4 new issues, 1 listing lined up in a busy mid-June week
Here's a breakdown of the IPO action to watch: Oswal Pumps IPO Monolithisch India IPO Live Events Jainik Power and Cables IPO Sacheerome IPO (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The week starting June 9 is expected to sustain India's primary market momentum, with four companies launching IPOs aiming to collectively raise over Rs 300 crore. The listings span the BSE, NSE, and SME segments, offering investors a diverse set of opportunities across manufacturing, engineering, and surge in IPO activity comes amid a cautious yet optimistic market sentiment, as investors continue to evaluate new listings despite broader market volatility. The response to these offerings could set the tone for the rest of Pumps, a prominent manufacturer of water pumps and pumping systems, is launching its IPO on June 13 in the mainboard segment, with subscriptions open until June 17. The shares will be listed on both BSE and NSE. IIFL Capital is managing the issue. The price band will be announced interested in India's growing infrastructure and agricultural water management sectors will be watching this IPO on June 12, Monolithisch India—an engineering solutions firm—aims to raise up to Rs 82.02 crore with a price band of Rs 135–143 per share. The IPO closes on June 16 and will be listed on the NSE SME platform. Hem Securities is the lead Power and Cables' IPO opens on June 10 and closes on June 12. With a price band of Rs 100–110 per share and an issue size of Rs 51.30 crore, the IPO targets the NSE SME platform. Fast Track Finsec is the lead manager. The company specializes in power cables and wiring solutions, catering to India's expanding power infrastructure a chemicals and fragrances firm, will open its IPO on June 9 and close on June 11. Priced at Rs 96–102 per share, with an issue size of Rs 61.62 crore, the shares will list on the NSE SME platform. GYR Capital Advisors is managing the from the new IPO openings, shares of Ganga Bath Fittings will be listed on the NSE SME platform on June 11.
Time of India
2 days ago
- Business
- Time of India
IPO calendar: 4 new issues, 1 listing lined up in a busy mid-June week
The week starting June 9 is expected to sustain India's primary market momentum, with four companies launching IPOs aiming to collectively raise over Rs 300 crore. The listings span the BSE, NSE, and SME segments, offering investors a diverse set of opportunities across manufacturing, engineering, and chemicals. The surge in IPO activity comes amid a cautious yet optimistic market sentiment, as investors continue to evaluate new listings despite broader market volatility. The response to these offerings could set the tone for the rest of June. Here's a breakdown of the IPO action to watch: Oswal Pumps IPO Oswal Pumps, a prominent manufacturer of water pumps and pumping systems, is launching its IPO on June 13 in the mainboard segment, with subscriptions open until June 17. The shares will be listed on both BSE and NSE. IIFL Capital is managing the issue. The price band will be announced shortly. Investors interested in India's growing infrastructure and agricultural water management sectors will be watching this IPO closely. Monolithisch India IPO Opening on June 12, Monolithisch India—an engineering solutions firm—aims to raise up to Rs 82.02 crore with a price band of Rs 135–143 per share. The IPO closes on June 16 and will be listed on the NSE SME platform. Hem Securities is the lead manager. Jainik Power and Cables IPO Jainik Power and Cables' IPO opens on June 10 and closes on June 12. With a price band of Rs 100–110 per share and an issue size of Rs 51.30 crore, the IPO targets the NSE SME platform. Fast Track Finsec is the lead manager. The company specializes in power cables and wiring solutions, catering to India's expanding power infrastructure sector. Sacheerome IPO Sacheerome, a chemicals and fragrances firm, will open its IPO on June 9 and close on June 11. Priced at Rs 96–102 per share, with an issue size of Rs 61.62 crore, the shares will list on the NSE SME platform. GYR Capital Advisors is managing the issue. Apart from the new IPO openings, shares of Ganga Bath Fittings will be listed on the NSE SME platform on June 11.
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Business Standard
4 days ago
- Business
- Business Standard
Monolithisch India IPO opens on June 12: Here's all you need to know
Monolithisch India IPO: The initial public offering (IPO) of Monolithisch India will open for subscription on Thursday, June 12, 2025. The West Bengal-based company aims to raise ₹82.02 crore through a fresh issue of 5.73 million equity shares. There is no offer for sale (OFS) component. The company has reserved not more than 50 per cent of the issue for qualified institutional buyers (QIBs), 35 per cent for retail investors and 15 per cent for non-institutional investors (NIIs). Here are the key details of Monolithisch India IPO: Monolithisch India IPO price band, lot size The company has set the price band for Monolithisch India IPO in the range of ₹134-143 per equity share. The minimum lot size for an application is 1,000 shares. A retail investor would require a minimum investment amount of ₹1,35,000 to bid for one lot. The minimum investment required for high-net-worth individuals (HNIs) is ₹2,86,000 for two lots. Monolithisch India IPO key dates The three-day subscription window will tentatively close on Monday, June 16, 2025. The basis of allotment will be finalised on or before Tuesday, June 17, 2025, according to the red herring prospectus (RHP). Shares of Monolithisch India are expected to be listed on the NSE SME platform on Thursday, June 19, 2025. Monolithisch India IPO registrar, lead manager Kfin Technologies is the registrar of the issue. Hem Securities is the sole book-running lead manager for the issue. Monolithisch India IPO objective According to the red herring prospectus (RHP), the company plans to use ₹16.57 crore from the net issue proceeds to set up a manufacturing facility by purchase of land, building of factory shed, civil work and installation of additional plant and machinery. In addition, it will invest ₹27.89 crore in its subsidairy Metalurgica India for financing its capital expenditure towards purchase of land, building of factory shed, civil work and installation of additional plant and machinery, and ₹20 crore to meet working capital requirements. The remaining funds will be used for general corporate purposes. About Monolithisch India Monolithisch India is engaged in manufacturing and supply of specialised ramming mass used as a heat insulation/lining matter by its customers as a refractory consumable for Induction furnaces installed in iron/steel and foundry plants. The company also does trading of its products on occasional basis to meet the excess and urgent requirement by the customers. The major customers of the company are iron and steel producers located in Eastern parts of India, majorly in West Bengal, Jharkhand & Odisha. The manufacturing facility of the company is located in Purulia, West Bengal. Monolithisch India financial snapshot In the financial year 2024-25 (FY25), the company reported revenue from operations of ₹97.34 crore, up 41 per cent from 68.88 crore in the previous financial year. The company's earnings before interest, tax, depreciation and amortisation came in at ₹21.06 crore in FY25 compared to 12.95 crore in the previous fiscal. Its profit after tax (PAT) stood at ₹14.48 crore, up around 70 per cent from 8.51 crore in the FY24.
