latest IPO in India: Powerful Insight into Monolithisch’s Promising Launch 🚀
The latest IPO in India—Monolithisch India Ltd—is making waves in the SME segment. Priced between ₹135‑143, this fresh-issue offer aims to raise ₹82.02 Cr by selling 5.736 million shares. Here’s an investor-friendly breakdown of everything you need to know.
Company Overview
Monolithisch India Ltd, incorporated in August 2018 and based in Purulia, West Bengal, manufactures ramming mass, a heat‑resistant refractory used in induction furnaces for iron, steel, and foundry plants.
In FY25, revenue surged ~41% to ₹97.5 Cr and PAT climbed ~70% to ₹14.49 Cr. The client base has grown from 43 (2023) to 61 (2025).
IPO Timeline
- Open: 12 June 2025
- Close: 16 June 2025
- Allotment: 17 June 2025
- Share Credit & Refunds: 18 June 2025
- Listing (NSE SME Emerge): 19 June 2025
Price Band
The IPO price band is ₹135–143 per share with a face value of ₹10.
Lot Size
Each lot has 1,000 shares, requiring a minimum investment of ₹1.43 L at upper band. HNIs must bid for at least two lots (2,000 shares; ₹2.86 L).
Key Dates
| Event | Date |
|---|---|
| IPO Opens | 12 Jun 2025 |
| IPO Closes | 16 Jun 2025 |
| Allotment Finalization | 17 Jun 2025 |
| Shares Credited & Refunds | 18 Jun 2025 |
| Listing Date | 19 Jun 2025 |
Financials
- FY24: Revenue ₹68.94 Cr; PAT ₹8.51 Cr
- FY23: Revenue ₹41.90 Cr; PAT ₹4.54 Cr
Strengths
- Leading SME refractory manufacturer with strong growth in revenues and profits.
- Expanding client base in Eastern India.
- Well-defined use of proceeds: capital expenditure, subsidiary investment, working capital needs, and corporate purposes.
Risks
- SME listing segment may exhibit low liquidity and high volatility.
- Dependent on steel/iron sector cycles and raw material price swings.
- Limited historical track record (since 2018) and small scale relative to peers.
IPO Anchor Investors Details & Promoter Holding
| Investor Type | Shares Offered | % of Total Issue | Lock-in |
|---|---|---|---|
| Anchor Investors | 1,633,800 | 28.48% | 50% for 30 days; balance 75 days post-allotment |
| QIBs | 1,089,200 | 18.99% | — |
| NIIs | 818,000 | 14.26% | — |
| Retail | 1,907,000 | 33.25% | — |
| Market Makers | 288,000 | 5.02% | — |
| Total Fresh Issue | 5,736,000 | 100% | — |
IPO Grey Market Premium (GMP)
Grey Market Premium stood at ₹48 per share, reflecting an expected listing price of ~₹191. That translates to ~33.5% premium over upper band.
| Date | GMP (₹) | % Premium vs ₹143 |
|---|---|---|
| Day 1 Open | ₹36 | 25% |
| Day 2 Peak | ₹48 | 33.5% |
Final Thoughts
Monolithisch’s IPO emerges as a high-growth SME story, riding on robust financials and strong grey market sentiments. It caters well to investors aiming for short-term listing gains, but risks like SME liquidity and cyclical exposure warrant caution. Those believing in India’s downstream industrial growth may find this IPO compelling—though it suits more aggressive, risk-tolerant profiles.