Monolithisch India was incorporated on August 29, 2018. The company manufactures and supplies specialized ramming mass used as a heat insulation lining in induction furnaces for iron, steel, and foundry plants. Its products are made primarily from alpha-quartzite, sourced from Bihar, Jharkhand, and Madhya Pradesh, and are tailored to different furnace sizes and specifications
| Bidding Dates |
|---|
| 12 Jun 2025 - 16 Jun 2025 |
| Subscription |
|---|
| 170.12x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,35,000 | 1 | 1 | 1000 | 5.7 M | ₹135 - ₹143 | 73.61 % | ₹774.4 M - ₹820.2 M | RHP DOC |
Monolithisch India IPO SUBSCRIPTION STATUS
16 Jun '25Monolithisch India IPO overall subscription rate was 170.12 times the total available shares
Monolithisch India IPO retail subscription rate was 125.77 times in the retail segment
Monolithisch India IPO non-institutional investor subscription rate was 611.85 times in the non-institutional investor category
Monolithisch India IPO Qualified Institutional Bidder subscription rate was 68.65 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
16 Jun 2025 (Day 3) | 125.77x | 611.85x | 68.65x |
13 Jun 2025 (Day 2) | 13.03x | 10.53x | 2.75x |
12 Jun 2025 (Day 1) | 2.61x | 1.52x | 1.86x |
Monolithisch India FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 14.5 | 97.3 | 4.0 | -3.1 | 21.6% |
| FY24 | 8.5 | 68.9 | 4.1 | 1.3 | 18.8% |
| FY23 | 4.5 | 41.9 | 0.8 | -1.4 | 16.0% |
Monolithisch India IPO SUBSCRIPTION STATUS DETAILS
Monolithisch India had 5.7 M shares on offer
Monolithisch India IPO offer price was in the range ₹135 - ₹143
Monolithisch India IPO minimum Investment was ₹135000
Monolithisch India IPO issue size was ₹ 774.4 M - ₹ 820.2 M
Monolithisch India had a minimum lot size of 1000 Shares per application
Monolithisch India NUMBER OF SHARES ON OFFER
Monolithisch India IPO IMPORTANT DATES
| Issue Open Date | 12 Jun 2025 |
| Issue close Date | 16 Jun 2025 |
| Allotment Date | 17 Jun 2025 |
| Refund Date | 18 Jun 2025 |
| Demat Account Credit Date | 18 Jun 2025 |
| Listing Date | 19 Jun 2025 |
| Listing on Exchange(s) | NSE |
| Monolithisch India Allotment Status | Exchange/ Registrar |
Monolithisch India IPO subscription opened on 12 Jun 2025, and closed on 16 Jun 2025
IPO allotment for Monolithisch India was finalized on Tuesday, 17 Jun 2025
IPO listing for Monolithisch India was on NSE on Thursday, 19 Jun 2025
Monolithisch India IPO LISTING GAINS
| Issue Price (adjusted) | 143.0 |
| Listing Open Price | 231.6 |
| Listing Close Price | 243.1 |
| Listing Gain% | 61.9% |
| Current Gain% | 523.4% |
Monolithisch India Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Monolithisch India Ltd. | 891.4 | 1937.7 | 84.1 | 1.4 | 14.1 | 17.6 | 15.8 | 137 | 40.5 | 23 | 58.9 | 10.6 | 58.9 |
| Graphite India Ltd. | 722.9 | 14123.7 | 66.6 | -1.6 | 4.7 | 3 | 2.3 | 3025.6 | 0.9 | 175.3 | -62.1 | 10.9 | -40.9 |
| HEG Ltd. | 683.6 | 13191.9 | 36.8 | 0.4 | 5 | 7.2 | 5.5 | 2709.5 | 18.5 | 341.4 | 196.7 | 18.6 | 82.3 |
| Vesuvius India Ltd. | 463 | 9397.1 | 36.1 | 16.5 | 4.4 | 15.9 | 12.3 | 2163.3 | 12.8 | 264.1 | -0.2 | 12.8 | 2.2 |
| RHI Magnesita India Ltd. | 423.4 | 8742.2 | -22.8 | 0.1 | 2.2 | -10.8 | -7.9 | 4048.5 | 9.4 | -382.9 | -289.1 | -18.5 | -289.1 |
| Raghav Productivity Enhancers Ltd. | 1313.8 | 6033.2 | 96.2 | 1.7 | 21.1 | 22.4 | 19.3 | 259.2 | 29 | 54.8 | 48.2 | 13.7 | 55.3 |
Monolithisch India INFORMATION ON IPO ISSUE
About Monolithisch India
Monolithisch India was incorporated on August 29, 2018. The company manufactures and supplies specialized ramming mass used as a heat insulation lining in induction furnaces for iron, steel, and foundry plants. Its products are made primarily from alpha-quartzite, sourced from Bihar, Jharkhand, and Madhya Pradesh, and are tailored to different furnace sizes and specifications
Object of the Issue
- Funding capital expenditure towards setting up of a manufacturing facility of the company by purchase of land, building of factory shed, civil work and installation of additional plant and machinery therein
- Investment in the subsidiary, Metalurgica India Private Limited for financing its capital expenditure towards purchase of land, building of factory shed, civil work and installation of additional plant and machinery therein
- To meet working capital requirements
- General corporate purpose
Monolithisch India - PROMOTERS
| Name |
|---|
| Prabhat Tekriwal |
| Harsh Tekriwal |
| Sharmila Tekriwal |
| Kritish Tekriwal |
| Kargil Transport Private Limited |
Monolithisch India Book Running Lead Manager
Hem Securities Limited
ib@hemsecurities.com
Monolithisch India Registrar to the issue
Kfin Technologies Limited
mil.ipo@kfintech.com
Monolithisch India Strengths
Integrated manufacturing facility
The company operates a well-equipped manufacturing facility in Purulia, West Bengal, spread across approximately 3.5 acres. It houses advanced machinery such as jaw crushers, roll crushers, vibrators, and conveyors, with a total installed capacity of 1,32,000 MTPA
Strong customer relationships
The company has built long-standing relationships with customers, primarily in the iron and steel sector, driven by consistent quality and reliable service. Customer count increased from 41 in Fiscal 2023 to 63 in Fiscal 2025, with about 61.44% of revenue generated from repeat business
Diverse product range
The company offers a wide and evolving product portfolio tailored to client specifications, categorized by granule size, additives, and composition
Monolithisch India Risks
No purchase commitments
The company does not have long-term contracts or price agreements with its customers. Orders are placed based on customer requirements and can be canceled at any time without obligation. Customers may also shift to other vendors, which could adversely impact the company
Industry dependence risk
The company’s performance is closely tied to the metal industry, especially iron and steel. A slowdown in this sector could lead to reduced demand, lower product prices, delayed orders, and payment defaults, all of which may negatively affect business operations and financial results
Demand forecast risk
The company’s ability to forecast product demand and pricing accurately is critical. Any miscalculation can lead to surplus inventory, additional storage costs, or lost business due to underproduction
IPO FAQs
The promoters of the company are Prabhat Tekriwal, Harsh Tekriwal, Sharmila Tekriwal, Kritish Tekriwal and Kargil Transport Private Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 135.0 - 143.0.
The IPO application opens on Jun 12, 2025 and closes on Jun 16, 2025.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 135,000.0, the maximum value for this IPO is Rs 143,000.0.
This IPO will be allotted on Jun 17, 2025.
The refund will be credited to your account on Jun 18, 2025.
The allotted shares will be credited to your demat on Jun 18, 2025.
Monolithisch India Ltd.’s shares listed on the stock exchanges on Jun 19, 2025.