Monolithisch India Limited’s IPO to Open June 12: Rs 82 Crore Fresh Issue On NSE Emerge
By Ankur Chandra | Updated at: Jun 9, 2025 09:58 PM IST
Mumbai, June 9, 2025 — Monolithisch India Limited is set to launch its initial public offering (IPO) on Thursday, June 12, 2025, with the subscription window closing on Monday, June 16, 2025. This 100% fresh issue consists of 57,36,000 equity shares, offered entirely as a new issue without any Offer for Sale (OFS).
The IPO will be listed on the NSE SME platform, known as NSE Emerge, with the price band fixed between ₹135 and ₹143 per share.
IPO Snapshot
| Detail | Information |
|---|---|
| Issue Opens | June 12, 2025 |
| Issue Closes | June 16, 2025 |
| Price Band | ₹135 – ₹143 per share |
| Issue Size | Up to ₹82.01 crore (at upper band) |
| Total Shares Offered | 57,36,000 Equity Shares |
| Market Maker Portion | 2,88,000 Equity Shares |
| Listing Platform | NSE Emerge (SME Platform of NSE) |
| Face Value | ₹10 per share |
| Lot Size | 1,000 shares |
| Minimum Order Quantity | 1,000 shares |
| Registrar to the Issue | KFin Technologies Limited |
| Book Running Lead Manager | Hem Securities Limited |
| Sponsor Bank | Kotak Mahindra Bank Limited |
Company Overview
Incorporated in 2018, Monolithisch India Limited specialises in manufacturing monolithic refractories—essential materials used in high-temperature industrial processes. Its product portfolio includes castables, gunning materials, and ramming masses, catering mainly to industries such as iron and steel, cement, and foundry sectors.
The company operates its manufacturing plant in Purulia, West Bengal, while its corporate office is based in Ranchi, Jharkhand.
Financial Highlights (Consolidated, FY2024–25)
| Metric (Consolidated) | FY2024–25 |
|---|---|
| Revenue from Operations | ₹8,918.14 lakh |
| Profit After Tax (PAT) | ₹757.26 lakh |
| Earnings Per Share (EPS) | ₹6.99 |
| Return on Net Worth (RoNW) | 23.03% |
| Net Worth | ₹3,291.12 lakh |
| Total Assets | ₹5,414.11 lakh |
At the upper end of the price band, ₹143 per share, the implied price-to-earnings (P/E) ratio stands at approximately 20.46 times based on the FY25 consolidated EPS.
Utilisation of IPO Proceeds
Per the company’s Red Herring Prospectus (RHP), the net proceeds from this fresh issue will be deployed towards:
- Working capital requirements
- Capital expenditure
- General corporate purposes
- Issue-related expenses
Since this is a pure fresh issue with no Offer for Sale, all funds raised will be retained by the company for its business expansion.
Promoter and Shareholding Details
Promoted by Prabhat Tekriwal, Sharmila Tekriwal, Harsh Tekriwal, Kritish Tekriwal, and Kargil Transport Private Limited, the company’s shareholding structure is as follows:
| Category | Pre-Issue Holding | Post-Issue Holding |
|---|---|---|
| Promoter & Promoter Group | 100% | ~73.61% |
| Public Shareholding | 0% | ~26.39% |
Important Dates
| Event | Date |
|---|---|
| Anchor Bidding (if any) | June 11, 2025 |
| IPO Opens | June 12, 2025 |
| IPO Closes | June 16, 2025 |
| UPI Mandate Deadline | June 16, 2025, by 5:00 PM |
| Basis of Allotment | On or before June 18, 2025 |
| Listing Date (Tentative) | On or before June 20, 2025 |
Important Investor Information
- Applications must be submitted via ASBA (Application Supported by Blocked Amount).
- Retail investors need to place bids before 5:00 PM on the final day of the issue and ensure UPI mandate confirmation (RC100) is done before the cut-off time.
- The minimum bid lot is 1,000 shares, translating to a minimum investment of ₹1,43,000 at the upper price band.
This IPO presents an opportunity for investors to participate in a growing industrial materials firm with a strong presence in high-temperature refractory products.
REF: https://www.nseindia.com/market-data/issue-information?symbol=MONOLITH&series=SME&type=Forthcoming
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