Monolithisch India Limited has announced its initial public offering (IPO), a fresh issue amounting to ₹82.02 crore, consisting of 57.36 lakh equity shares, scheduled to open on June 12, 2025, and close on June 16, 2025. The shares will be listed on the NSE SME platform, with a tentative listing date around June 19, 2025.

Company Overview

Monolithisch India Limited specializes in the manufacturing and supply of specialized ramming mass, which is used as heat insulation or lining material in induction furnaces installed in iron, steel, and foundry plants. The company also occasionally trades its products to meet urgent customer demands.

The promoters include experienced directors such as Prabhat Tekriwal (Chairman & Whole-time Director), who has over 36 years of industry experience, and Harsh Tekriwal (Managing Director) with 7 years of expertise in operations and business development.

IPO Details

• Price Band: ₹136 to ₹143 per equity share

• Lot Size: 1,000 shares

• Minimum Investment: ₹1,43,000 for retail investors, ₹2,86,000 for HNIs (2 lots)

• Market Capitalization: ₹310.82 crore at upper price band

• Subscription Period: June 12 to June 16, 2025

• Listing Date: Expected June 19, 2025

• Book Running Lead Manager: Hem Securities Limited

• Registrar: KFin Technologies Limited

• Market Maker: Hem Finlease Private Limited

Financial Performance

Monolithisch India has shown steady revenue and profit growth over recent years:

• Revenue for FY25: ₹97.49 crore

• EBITDA for FY25: ₹21.21 crore

• Profit After Tax (PAT) for FY25: ₹14.49 crore

Key financial metrics indicate a pre-issue EPS of ₹9.11 and a post-issue EPS of ₹6.67 for FY24. The pre-issue P/E ratio stands at 15.69x, with a post-issue P/E of 21.45x, compared to an industry average P/E of 89x. Return ratios like ROCE (46.22%), ROE (53.94%), and RoNW (41.15%) reflect healthy operational efficiency and profitability.

IPO Objectives

Monolithisch India plans to utilize the IPO proceeds primarily for:

1. Capital expenditure to set up a manufacturing facility including land purchase, factory construction, and machinery installation (~₹16.58 crore).

2. Investment in subsidiary Metalurgica India Private Limited for similar capital expenditure (~₹27.90 crore).

3. Working capital requirements (~₹20 crore).

4. General corporate purposes.

Subscription and Grey Market Premium

As of the final day of subscription (June 16, 2025), the IPO was subscribed 170.12 times, indicating strong investor interest. Anchor investors subscribed for 16.33 lakh shares worth ₹23.35 crore at the upper price band.

The Grey Market Premium (GMP) stands at ₹21, implying a potential listing gain of approximately 14.68% over the issue price, though grey market prices are unofficial and depend on unregulated demand-supply.

How to Check Allotment Status

Investors can check their allotment status from June 17, 2025, onwards via the registrar KFin Technologies website by entering their application number, PAN, or DP Client ID.

Conclusion

With its strong financial track record, experienced management, and clear capital utilization plans, Monolithisch India Limited’s IPO offers investors an opportunity in a niche manufacturing sector. The high subscription rate and positive grey market premium suggest favorable market reception, though investors should consider all risks before investing.

Disclaimer:
This article is for educational and informational purposes only and does not constitute financial advice. Investment decisions should be based on individual risk tolerance and consultation with SEBI-registered advisors. Market conditions are volatile and subject to change. Neither the author nor the platform is responsible for losses arising from use of this information.

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