Monolithisch India IPO Draws Strong Demand: Subscribed 1.87x on Day 1 with ₹135–143 Price Band
By Shishta Dutta | Published at: Jun 12, 2025 06:27 PM IST
Investor Buzz High as IPO Sees Nearly Double Subscription on Opening Day
Mumbai, June 12, 2025: The IPO of Monolithisch India Limited got off to a robust start, receiving bids for 76.72 lakh equity shares against the available 41.03 lakh shares (excluding the anchor investor and market maker allocation). The public issue was subscribed 1.87 times by the close of the first trading session.
The offer opened on June 12, 2025, and will remain open for bidding till June 16, 2025. The IPO comprises a fresh issue of 57.36 lakh shares, which includes 2.88 lakh shares allocated to market makers and 16.33 lakh shares reserved for anchor investors.
Day 1 Subscription Snapshot (as of 4:08 PM, June 12)
| No. of Applications | Shares Bid For | |
|---|---|---|
| Qualified Institutional Buyers (QIBs) | 1 | 38,15,000 |
| Non-Institutional Investors (NIIs) | 314 | 15,70,000 |
| Retail Individual Investors (RIIs) | 3,067 | 30,67,000 |
| Total | 3,226 | 76,72,000 |
QIBs fully booked their portion on Day 1, contributing via the “Others” category.
Retail participation was high, with 3,067 retail applications and 1,865 bids placed at the cut-off price, indicating retail investor interest across price points.
Breakdown of Bids by Price Level (in Shares)
| Bid Price (₹) | Cumulative Bids Received |
|---|---|
| ≥ 135 | 76,72,000 |
| 136 | 76,58,000 |
| 138 | 76,57,000 |
| 139 | 76,56,000 |
| 140 | 76,55,000 |
| 141 | 76,52,000 |
| 142 | 76,51,000 |
| 143 (Cap Price) | 76,50,000 |
| Cut-off | 18,65,000 |
Most bids are centred around the lower end of the price band, with many investors eyeing the ₹135 mark, reflecting a value-conscious approach in the current market sentiment.
IPO Specifications
| Detail | Information |
|---|---|
| Symbol | MONOLITH |
| Issue Period | June 12–16, 2025 |
| Price Band | ₹135 – ₹143 |
| Face Value | ₹10 per share |
| Issue Size | 57,36,000 equity shares |
| Issue Type | 100% Book Built |
| Lot Size | 1,000 shares |
| Minimum Retail Investment | ₹1,43,000 (at upper band) |
| Cut-off time for UPI mandate | June 16, 2025, up to 5:00 PM |
| Listing Platform | NSE SME (NSE Emerge) |
Segment-Wise Bidding (Detailed)
| Category | Subcategory | Applications | Shares Bid |
|---|---|---|---|
| QIB | Others | 1 | 38,15,000 |
| NII | Corporates | 158 | 7,90,000 |
| Individuals (non-RII) | 155 | 4,92,000 | |
| Others | 1 | 2,88,000 | |
| RII | Cut-off bids | 1,865 | 18,65,000 |
| Price-based bids | 1,202 | 12,02,000 |
Important Notes for Bidders
The IPO is scheduled to close on Monday, June 16, 2025. Interested investors must ensure that their UPI mandates are confirmed by 5:00 PM on the closing day for successful bid submission.
This update is entirely based on publicly available exchange data and official disclosures by the company. It does not include any speculative elements such as grey market premiums or investment recommendations.
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