Monolithisch India Limited is set to debut on the capital markets with its upcoming Initial Public Offering (IPO), which is scheduled to open on June 12, 2025, and will remain open for subscription till June 16, 2025. The company is raising ₹82.02 crore through a completely fresh issue of 57.36 lakh equity shares.

This IPO will be listed on the NSE SME platform, with the tentative listing date fixed as June 19, 2025. The IPO is being managed by Hem Securities Limited as the book-running lead manager, and the registrar for the issue is Kfin Technologies Limited. Hem Finlease Private Limited will act as the market maker.

IPO Structure and Price Band

The price band for the Monolithisch India IPO has been set between ₹135 and ₹143 per share. Investors can place bids within this band during the subscription window. The minimum bid lot is set at 1,000 shares, making the minimum investment by retail investors ₹1,35,000 at the lower end of the price band.

However, in cases of high demand and possible oversubscription, investors are advised to consider bidding at the cutoff price of ₹143 per share, which brings the total application amount to ₹1,43,000 for a single lot.

For High Net-worth Individuals (HNIs), the minimum investment is set at 2 lots, which equals 2,000 shares or ₹2,86,000 at the cutoff price.

Key Dates to Remember

• IPO Opening Date: June 12, 2025

• IPO Closing Date: June 16, 2025

• Allotment Date: Expected by June 17, 2025

• Tentative Listing Date: June 19, 2025

• Listing Platform: NSE SME

These timelines are indicative and may be subject to regulatory approvals or changes by the company or market authorities.

IPO Lead Managers and Registrars

The lead manager for the Monolithisch India IPO is Hem Securities Limited, a well-known player in managing small and mid-sized IPOs in India. The registrar of the issue, responsible for processing applications and allotments, is Kfin Technologies Limited, which has a strong track record of handling IPO-related processes smoothly.

The company has also appointed Hem Finlease Private Limited as the market maker, which is a requirement for SME IPOs. A market maker ensures liquidity in the stock post-listing by maintaining buy and sell quotes.

Investment Considerations for Retail and HNI Investors

Investors planning to participate in the IPO should note the following:

• Retail investors can bid for a minimum of 1 lot, which is 1,000 shares, requiring a minimum investment of ₹1,35,000 at ₹135 per share.

• Due to expected oversubscription, bidding at the cutoff price of ₹143 per share is recommended, which raises the investment to ₹1,43,000.

• HNIs need to apply for at least 2 lots, which means a minimum investment of ₹2,86,000.

The relatively high entry barrier makes this IPO more suitable for serious investors who are ready to park a significant amount for potential SME gains.

About the SME Listing Platform

The NSE SME platform offers a good opportunity for small and medium enterprises to tap into the capital markets. For investors, it provides early access to emerging businesses, often at more attractive valuations compared to mainboard IPOs. However, SME stocks tend to be more volatile and have lower liquidity, which requires investors to be cautious.

Should You Invest in Monolithisch India IPO?

Whether Monolithisch India IPO is a good bet or not will depend on the company’s:

• Business fundamentals

• Revenue growth

• Profitability

• Industry outlook

• Valuation multiples

• Peer comparison

Since the IPO details released so far primarily highlight the size, pricing, and dates, prospective investors should wait for the red herring prospectus (RHP) or DRHP to analyse financials, risk factors, objectives of the issue, and management background before taking a final call.

How to Apply for Monolithisch India IPO

Retail and HNI investors can apply through:

• Net banking via ASBA (Application Supported by Blocked Amount)

• Broker platforms like Zerodha, Upstox, Angel One, Groww, etc.

• Offline application via physical forms through your broker or bank

Bidding at the cutoff price improves allotment chances in case of high subscription. Always ensure bank account has sufficient balance till the allotment date.

Expected Market Response

With the IPO size being relatively small (₹82.02 crore) and the issue being fully fresh without any offer-for-sale (OFS), it may attract more retail and HNI participation. Also, with Hem Securities' past track record and rising interest in SME stocks, Monolithisch India IPO could see healthy subscription levels.

Final Thoughts

Monolithisch India IPO appears promising on the surface with a full fresh issue structure, SME focus, and reasonable lot size. However, investors should thoroughly review the company’s financial health, growth outlook, and the utilisation of IPO proceeds before deciding.

As with any SME IPO, investors must assess their risk appetite, since liquidity post-listing may be limited, and price volatility can be high.

The Upcoming IPOs in this week and coming weeks are Jainik Power Cables, Sacheerome Limited, Victory Electric Vehicles International, Wagons Learning.

The Current active IPO are Ganga Bath Fittings.

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