Monolithisch India IPO is a book-built issue of ₹82.02 crore, entirely comprising a fresh issue of 57.36 lakh equity shares. The IPO opens for subscription on June 12, 2025, and closes on June 16, 2025. The basis of allotment is expected to be finalised on June 17, 2025, with a tentative listing date on NSE SME scheduled for June 19, 2025.
The price band for the IPO is fixed between ₹135 and ₹143 per share. Retail investors must apply for a minimum of 1,000 shares, requiring an investment of ₹1,35,000. However, applying at the cutoff price of ₹143 is advisable, which raises the minimum investment to ₹1,43,000, considering the possibility of oversubscription.
High net-worth individuals (HNIs) need to invest in a minimum of 2 lots or 2,000 shares, amounting to ₹2,86,000. Hem Securities Limited is acting as the book-running lead manager for the issue, while Kfin Technologies Limited is appointed as the registrar. Hem Finlease Private Limited is the designated market maker for the Monolithisch India IPO.
Industry Outlook
- The secondary steel sector in India accounts for around 40% of the country’s steel production and faces challenges such as high greenhouse gas emissions, estimated at 50 million tonnes annually. Efforts to adopt low-carbon technologies are vital to meet India’s net-zero emission target by 2070.
- India’s steel sector is growing steadily, with crude steel production reaching 36.61 million tonnes and finished steel consumption at 35.42 million tonnes in the first quarter of FY25. The government’s National Steel Policy aims to increase steel-making capacity to 300 million tonnes by 2030-31.
- The rising demand for steel and focus on sustainable production methods present growth opportunities. The development of scrap-based electric arc furnaces and partnerships for advanced steel technologies indicate a move towards cleaner, efficient production.
Monolithisch India IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- The company plans to use ₹1,657.77 lakh from the IPO proceeds to fund capital expenditure for setting up a new manufacturing facility, including land purchase, factory construction, and installation of machinery.
- An amount of ₹2,789.67 lakh will be invested in its subsidiary, Metalurgica India Private Limited, to support capital expenditure for land acquisition, building factory infrastructure, and adding machinery.
- ₹2,000 lakh will be allocated to meet the company’s working capital requirements, ensuring smooth day-to-day operations.
- A portion of the funds will be used for general corporate purposes to support overall business needs.
About Monolithisch India Limited
Monolithisch India Limited is a certified company with multiple ISO certifications, specialising in manufacturing and supplying specialised ramming mass. This product serves as a heat insulation lining material used primarily in induction furnaces at iron, steel, and foundry plants.
The company also occasionally trades its products to meet urgent customer demands. Most customers and suppliers are located near the manufacturing facility in Purulia, West Bengal, with key clients based mainly in the eastern Indian states of West Bengal, Jharkhand, and Odisha.
The specialised ramming mass creates a thermal insulation barrier between the induction furnace coil and molten steel, helping to maintain furnace efficiency. The product is made from alpha-quartzite and stone boulders sourced from Bihar, Jharkhand, and Madhya Pradesh.
Alpha-quartzite is preferred for its hardness, density, and resistance to weathering, making it ideal for this application. Since starting operations in 2019, Monolithisch India Limited has expanded its manufacturing capacity to 1,32,000 metric tonnes per annum.
The company continues investing in plant and machinery upgrades to improve production technology. Its customer base has grown significantly, supported by quality products, timely delivery, and a strong focus on meeting industry standards. The management team brings extensive experience, guiding the company’s growth and operational efficiency.
How To Check the Allotment Status of Monolithisch India IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for the Monolithisch India IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Monolithisch India IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Monolithisch India IPO
Registered office: Plot No. 381, Village: - Utaraha, P.S. Neturia Purulia, WB 723121, India
Phone:+919155330164
E-mail: cs@monolithischindia.in
Monolithisch India IPO Reservation
|
Category of Investor |
Number of Shares Reserved (% of Total) |
|
Anchor Investors |
6,33,000 shares (9.94%) |
|
Market Makers |
2,88,000 shares (4.52%) |
|
Qualified Institutional Buyers (QIB) |
20,90,000 shares (32.82%) |
|
Non-Institutional Investors (NII) |
8,18,000 shares (12.84%) |
|
Retail Individual Investors (RII) |
19,07,000 shares (29.94%) |
|
Total Shares |
63,69,000 shares (100%) |
Monolithisch India IPO Lot Size
|
Application |
Lots |
Shares |
Amount |
|
Retail (Min) |
1 |
1,000 |
₹1,35,000 |
|
Retail (Max) |
1 |
1,000 |
₹1,43,000 |
|
HNI (Min) |
2 |
2,000 |
₹2,86,000 |
Monolithisch India IPO Anchor Investors Details
|
Particulars |
Details |
|
Anchor Investment Date |
June 11, 2025 |
|
Total Anchor Shares Allotted |
6,33,000 |
|
Anchor Investment Amount |
₹9.05 crore |
|
Lock-in End Date for 50% of Shares (30 Days) |
July 17, 2025 |
|
Lock-in End Date for Remaining Shares (90 Days) |
September 15, 2025 |
Monolithisch India IPO Promoter Holding
Prabhat Tekriwal, Sharmila Tekriwal, Harsh Tekriwal, Kritish Tekriwal and Kargil Transport Private Limited are the promoters of the company.
|
Share Holding Pre-Issue |
100.00% |
|
Share Holding Post Issue  |
73.61% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Monolithisch India IPO
|
KPI |
Value |
|
ROE (%) |
53.94 |
|
RoCE (%) |
46.22 |
|
Price to Book Value |
12.20 |
|
PAT Margin |
14.88 |
Monolithisch India IPO Prospectus
Monolithisch India IPO Registrar and Lead Managers
Monolithisch India IPO Lead Managers
- Hem Securities Limited
Registrar for Monolithisch India IPO
Kfin Technologies Limited
- Contact Number: 04067162222, 04079611000
- Email Address: ipo@kfintech.com
Monolithisch India IPO Registrar
Financial Performance of Monolithisch India Limited
| Particulars | Year ending on March 31, 2025 | Year ending on March 31, 2024 |
|---|---|---|
| Revenue from Operation (in ₹ lakh) | 9,734.43 | 6,888.71 |
| Profit/ (loss) for the year (in ₹ lakh) | 1448.80 | 851.18 |
| Earnings per Share (₹) | 9.11 | 5.39 |
| Net Worth (in ₹ lakh) | 3520.49 | 1,851.67 |
| Return on Equity (RoE) (%) | 53.94 | 59.69 |
| Return on Capital Employed (RoCE) | 46.22 | 57.86 |
| EBITDA (in ₹ lakh) | 2106.24 | 1,295.98 |
Know before investing
Strengths
8Manufacturing capacity of 1,32,000 MTPA enables large-scale production.
The facility spread across 3.50 acres supports future expansion plans.
Raw material sourced 80.15% locally ensures cost-effective supply.
The customer base grew from 41 to 63 in two years.
Revenue rose from ₹4,187.79 lakh to ₹9,734.43 lakh at 52.46% CAGR.
EBITDA margin improved from 16.04% to 21.64% in FY25.
Return on Equity stood strong at 53.94% in FY25.
New manufacturing unit planned to boost presence and network.
Risks
8Conflict risk exists due to similar business of group companies.
No long-term supplier contracts may disrupt raw material supply.
Top 10 customers contribute 59.43% of total revenue.
Manufacturing hazards may cause loss, liabilities, or business shutdown.
Plant breakdowns can halt production, affecting financial stability.
Rising input costs may not be passed to customers.
Sustaining 52.46% CAGR growth may be difficult long-term.
90% revenue comes from three states, increasing location-based risk.
Monolithisch India IPO Peer Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | P/E (x) | RoNW (%) |
|---|---|---|---|---|
| Monolithisch India Limited | 9.11 | 9.11 | - | 41.15 |
| Raghav Productivity Enhancers Limited | 8.05 | 8.05 | 88.64 | 19.12 |
