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India Gazette
16 hours ago
- Business
- India Gazette
Monolithisch India Limited launches Rs 82.02 crore IPO
HT Syndication Ranchi (Jharkhand) [India], June 9: Headquartered in Ranchi, Monolithisch India Limited, the manufacturer of specialized ramming mass has announced the launch of its Initial Public Offering (IPO) on the NSE Emerge platform. The IPO opens on June 12, 2025, and closes on June 16, 2025, with a price band of Rs 135 to Rs 143 per equity share. Envisages to set up new manufacturing plant of ramming mass used in the Induction furnaces of iron & steel industry. The manufacturer of silica based ramming mass, will issue 57,36,000 equity shares aiming to raise Rs 82.02 crores. The face value of equity shares is Rs 10 each. The issue is being managed by Hem Securities with KFin Technologies Limited as registrar to the issue. The minimum application lot is 1,000 shares. The company has put 27,23,000 shares on block for Qualified Institutional Buyers (QIB), 8,18,000 for Non-Institutional Investors (NII), 19,07,000 for Retail Individual Investors (RII) and remaining 2,88,000 for Market Markers (MM). The capital raised will be deployed towards: * Funding capital expenditure of Rs 16.58 crore towards setting up a manufacturing by purchasing land, building of factory shed, civil work and installation of plant and machinery therein. This expansion will raise the total installed capacity to approximately 250000 MTPA. * Investing Rs 27.90 crore in subsidiary Metalurgica India Pvt. Ltd. for land purchase, building of shed, civil work and installation of plant machinery. * Meet working capital requirement to the tune of 20 Cr. * Funding general corporate initiatives Company at a Glance Monolithisch India Limited, founded in 2018, is a manufacturer of specialized ramming mass used in induction furnaces up to 45MT by iron & steel producers. The company operates a 132,000 MTPA manufacturing plant in Purulia, West Bengal, and serves iron & steel producers located in the eastern part of India, with most of the customers and raw material suppliers located in nearby states to the company's manufacturing facility. The company produces five grades of ramming mass made out of alpha-quartzite and stone boulder & has developed different grades with different specifications and additives to serve furnace of different sizes and make. The customer base has seen almost 53% rise from 41 customers in FY23 to 63 customers in FY25. It strives to expand its position in additional geographical markets. Track record of healthy financial performance * Revenue CAGR (FY23-FY25): 52.46% * FY25 Revenue: Rs9,734.43 lakhs * EBITDA-Rs2106.24 lakhs (21.64%) * Net Profit: Rs1,448.80 lakhs (14.88%) * ROE- 53.94% * ROCE: 46.22% * Net Worth: Rs3,520.48 lakhs * Debt-to-Equity 1 * Customer Repeat Rate (FY24): 61.44% Leadership Monolithisch is led by Mr. Prabhat Tekriwal, Chairman and CFO, who brings over 36 years of experience in the refractory industry; Mr. Harsh Tekriwal, Managing Director and a Cardiff University alumnus, brings an experience of 7 years; and Mrs. Sharmila Tekriwal, Executive Director, with an experience of 23 years in the refractory material industry. Advantages of Quartz based ramming mass The quality of ramming mass has a direct impact on the heating performance of the furnaces leading to the smooth working of furnaces, optimum output and better metallurgical control. It comes in three variants - acidic (made from silica), basic (made from magnesia) and neutral (made from alumina). Silica ramming mass (also known as acidic ramming mass) is the most commonly used owing to its inherent advantages and application in the induction furnace of the steel industry. The advantage of quartz ramming mass lies in its lowest thermal conductivity resulting in low energy loss, low expansion coefficient leading to the stable lining, and good resistance to temperature. The cost is 10-20% lower as compared to alumina or magnesia based ramming mass. Industry Outlook India is the second-largest producer of crude steel as well as the second-largest consumer of finished steel in the world. The sector contributes to about 2% of the total GDP of the country. Indian steel sector is further bifurcated into the primary and secondary steel sector based on their production pathways. Overall the secondary sector, accounts for 40% steel production in India. The value chain of the secondary steel sector involves the production of sponge iron through the direct reduction route (DRI), which is followed by the production of crude steel (semi-finished steel) through Electric Arc Furnaces (EAF) or Induction Furnaces (IF). The National Steel Policy (NSP) 2017 envisages 300 million tonnes steelmaking capacity and 160 kgs per capital steel consumption by 2030. Investor and Media Contact: Corporate Communications - Monolithisch India Limited Shri Gopal Complex, Kanke Road, Ranchi - 834008 * Email: info@ Website: Forward-Looking Statement: Certain statements in this release may be forward-looking in nature, involving risks and uncertainties that may cause actual outcomes to differ materially. Monolithisch India Limited does not undertake to update these statements publicly. (ADVERTORIAL DISCLAIMER: The above press release has been provided by HT Syndication. ANI will not be responsible in any way for the content of the same)
Economic Times
17 hours ago
- Business
- Economic Times
Monolithisch India Limited launches Rs 82.02 crore IPO
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Headquartered in Ranchi, Monolithisch India Limited, the manufacturer of specialized ramming mass has announced the launch of its Initial Public Offering ( IPO ) on the NSE Emerge IPO opens on June 12, 2025, and closes on June 16, 2025, with a price band of Rs 135 to Rs 143 per equity share. Envisages to set up new manufacturing plant of ramming mass used in the Induction furnaces of iron & steel manufacturer of silica based ramming mass, will issue 57,36,000 equity shares aiming to raise Rs 82.02 crores. The face value of equity shares is Rs 10 each. The issue is being managed by Hem Securities with KFin Technologies Limited as registrar to the minimum application lot is 1,000 shares. The company has put 27,23,000 shares on block for Qualified Institutional Buyers (QIB), 8,18,000 for Non-Institutional Investors (NII), 19,07,000 for Retail Individual Investors (RII) and remaining 2,88,000 for Market Markers (MM).The capital raised will be deployed towards:* Funding capital expenditure of Rs 16.58 crore towards setting up a manufacturing by purchasing land, building of factory shed, civil work and installation of plant and machinery therein. This expansion will raise the total installed capacity to approximately 250000 MTPA.* Investing Rs 27.90 crore in subsidiary Metalurgica India Pvt. Ltd. for land purchase, building of shed, civil work and installation of plant machinery.* Meet working capital requirement to the tune of 20 Cr.* Funding general corporate initiativesCompany at a GlanceMonolithisch India Limited, founded in 2018, is a manufacturer of specialized ramming mass used in induction furnaces up to 45MT by iron & steel producers. The company operates a 132,000 MTPA manufacturing plant in Purulia, West Bengal, and serves iron & steel producers located in the eastern part of India, with most of the customers and raw material suppliers located in nearby states to the company's manufacturing company produces five grades of ramming mass made out of alpha-quartzite and stone boulder & has developed different grades with different specifications and additives to serve furnace of different sizes and customer base has seen almost 53% rise from 41 customers in FY23 to 63 customers in FY25. It strives to expand its position in additional geographical record of healthy financial performance* Revenue CAGR (FY23-FY25): 52.46%* FY25 Revenue: Rs9,734.43 lakhs* EBITDA-Rs2106.24 lakhs (21.64%)* Net Profit: Rs1,448.80 lakhs (14.88%)* ROE- 53.94%* ROCE: 46.22%* Net Worth: Rs3,520.48 lakhs* Debt-to-Equity < 1* Customer Repeat Rate (FY24): 61.44%LeadershipMonolithisch is led by Mr. Prabhat Tekriwal, Chairman and CFO, who brings over 36 years of experience in the refractory industry; Mr. Harsh Tekriwal, Managing Director and a Cardiff University alumnus, brings an experience of 7 years; and Mrs. Sharmila Tekriwal, Executive Director, with an experience of 23 years in the refractory material of Quartz based ramming massThe quality of ramming mass has a direct impact on the heating performance of the furnaces leading to the smooth working of furnaces, optimum output and better metallurgical control. It comes in three variants - acidic (made from silica), basic (made from magnesia) and neutral (made from alumina).Silica ramming mass (also known as acidic ramming mass) is the most commonly used owing to its inherent advantages and application in the induction furnace of the steel advantage of quartz ramming mass lies in its lowest thermal conductivity resulting in low energy loss, low expansion coefficient leading to the stable lining, and good resistance to temperature. The cost is 10-20% lower as compared to alumina or magnesia based ramming OutlookIndia is the second-largest producer of crude steel as well as the second-largest consumer of finished steel in the world. The sector contributes to about 2% of the total GDP of the steel sector is further bifurcated into the primary and secondary steel sector based on their production pathways. Overall the secondary sector, accounts for 40% steel production in value chain of the secondary steel sector involves the production of sponge iron through the direct reduction route (DRI), which is followed by the production of crude steel (semi-finished steel) through Electric Arc Furnaces (EAF) or Induction Furnaces (IF).The National Steel Policy (NSP) 2017 envisages 300 million tonnes steelmaking capacity and 160 kgs per capital steel consumption by and Media Contact: Corporate Communications - Monolithisch India LimitedShri Gopal Complex, Kanke Road, Ranchi - 834008* Email: info@ Statement: Certain statements in this release may be forward-looking in nature, involving risks and uncertainties that may cause actual outcomes to differ materially. Monolithisch India Limited does not undertake to update these statements publicly.(ADVERTORIAL DISCLAIMER: The above press release has been provided by HT Syndication. will not be responsible in any way for the content of the same)
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Business Standard
30-04-2025
- Business
- Business Standard
Vishal Mega Mart shares rally 10% on positive Q4 earnings; details here
Shares of Vishal Mega Mart rallied nearly 10 per cent in Wednesday's intraday session on the back of an 88 per cent increase in its profit for the quarter ended March 2025, compared to the corresponding period last year. The hypermarket chain operator's stock rose as much as 9.99 per cent during the day to ₹118.4 per share. The stock pared gains to trade 9.5 per cent lower at ₹117 apiece, compared to a 0.06 per cent decline in Nifty50 as of 10:45 AM. The stock is at the highest level since February 7 this year. The company's counter snapped its two-day gaining streak on Wednesday and has risen over 22 per cent from its recent low of ₹96, which it hit early this month. The stock has risen 11 per cent this year, compared to a 2.9 per cent advance in the benchmark Nifty50. The company has a total market capitalisation of ₹54,249.65 crore, according to BSE data. Vishal Mega Mart Q4 Results breakdown Vishal Mega Mart's net profit rose 88.03 per cent to ₹115.11 crore in the quarter ended March 2025, compared to ₹61.22 crore in the same period of the previous year. Revenue increased 23.15 per cent to ₹2,547.89 crore from ₹2,068.93 crore a year ago. For the full year, net profit grew 36.81 per cent to ₹631.97 crore in the year ended March 2025, compared to ₹461.94 crore in the previous year. Revenue rose 20.25 per cent to ₹10,716.35 crore from ₹8,911.95 crore in the year ended March 2024. Vishal Mega Mart management commentary The company delivered strong operational and financial performance in Q4FY25 and FY25, reflecting sustained momentum across categories, Gunender Kapur, managing director and chief executive officer, said in the press release. "Our performance underscores the strength of our unique strategy and our commitment to making aspirations also marked our successful entry into the capital markets. As we move forward, our approach remains centred on expanding responsibly, deepening market penetration, and strengthening our private label portfolio." Vishal Mega Mart Dalal Street debut Shares of the hypermarket chain operator were listed at ₹110 apiece on the BSE, a premium of 41 per cent over the issue price. On the National Stock Exchange (NSE), the shares were listed at a premium of 33.33 per cent. The Vishal Mega Mart IPO comprised an entirely offer-for-sale (OFS) of equity shares worth ₹8,000 crore. The public offering, priced in the band of ₹74 - ₹78 with a lot size of 190 shares, closed with an oversubscription of 27.28 times, driven by strong demand from Qualified Institutional Buyers (QIBs), who subscribed 80.75 times the quota reserved for them. Non-Institutional Investors (NIIs) and Retail Individual Investors (RIIs) oversubscribed their respective categories by 14.24 times and 2.31 times, respectively. About Vishal Mega Mart Vishal Mega Mart is a hypermarket chain operating nearly 645 stores across India, offering a wide range of products. It targets middle and lower-middle-income consumers through its stores and online platform. The company has a presence in 414 cities across 28 states and two union territories. As of September 30, 2024, Vishal Mega Mart employed 16,537 people. ALSO READ:
