Monolithisch India Makes Strong Market Debut with 62% Premium; Shares Jump Further in Early Trade
By Shishta Dutta | Published at: Jun 19, 2025 01:29 PM IST
Mumbai, 19 June 2025: Monolithisch India Limited delivered an impressive listing performance on the NSE SME platform today, opening at ₹231.55, a 61.9% premium over its issue price of ₹143 per share. The stock extended its gains shortly after, reaching an intraday high of ₹243.10, before settling at ₹234.90, up ₹92 or 64.34% from its IPO price, as of 10:04 AM IST.
IPO Sees Strong Subscription, Listing Enthusiasm Follows
The company’s IPO, open for subscription between 12 June and 16 June 2025, was a 100% book-built issue, comprising 57.36 lakh equity shares, all through fresh issuance. Priced in the range of ₹135 to ₹143, the issue garnered ₹82.01 crore at the upper price band.
Investor participation was robust, with the IPO being subscribed 1.87 times on Day 1 alone and oversubscribed across all categories, including retail and institutional segments.
Listing Day Performance Snapshot
| Metric | Details |
|---|---|
| Listing Date | June 19, 2025 |
| IPO Price | ₹143 per share |
| Listing Price (Open) | ₹231.55 |
| Last Traded Price | ₹234.90 (as of 10:04 AM IST) |
| Intraday High | ₹243.10 |
| Intraday Low | ₹230.00 |
| Traded Volume | 23.48 lakh shares |
| Traded Value | ₹54.89 crore |
| Market Capitalization | ₹513.08 crore |
| Face Value | ₹10 per share |
| Lot Size | 1,000 shares |
IPO Highlights
| Parameter | Details |
|---|---|
| IPO Period | June 12–16, 2025 |
| Issue Type | 100% Book Built |
| Issue Size | 57,36,000 Equity Shares |
| Fresh Issue | Entire Issue (No OFS) |
| Price Band | ₹135 – ₹143 |
| Listing Exchange | NSE SME (NSE Emerge) |
| QIB Subscription (Day 1) | Fully Subscribed |
| Retail Subscription (Day 1) | 3,067 applications, 30.67 lakh shares bid |
| Use of Proceeds | Working capital, capex and general corporate |
Order Book Snapshot (Early Trade)
| Bid Qty | Bid Price (₹) | Ask Price (₹) | Ask Qty |
|---|---|---|---|
| 1,000 | 236.05 | 240.00 | 6,000 |
| 1,000 | 235.00 | 241.00 | 2,000 |
| 1,000 | 234.25 | 241.05 | 1,000 |
- Total Buy Quantity: 3,19,000
- Total Sell Quantity: 64,000
The strong market debut and subsequent intraday surge reflect high investor confidence in the company’s long-term growth potential, bolstered by healthy subscription levels and sectoral relevance. Monolithisch India specialises in manufacturing monolithic refractories, essential components in high-temperature operations used across iron & steel, cement, foundry, and thermal power sectors. With a manufacturing unit in Purulia, West Bengal, and a corporate office in Ranchi, Jharkhand, the company has positioned itself strategically to serve industrial clients across eastern and central India. Furthermore, increased infrastructure spending and revival in steel and power sector investments have added to the positive sentiment surrounding the stock.
Promoter Background and Post-Listing Stake
The firm is promoted by Prabhat Tekriwal, Sharmila Tekriwal, Harsh Tekriwal, Kritish Tekriwal, and Kargil Transport Private Limited. Following the IPO, the promoters collectively retain a 73.61% stake in the company, underlining their long-term commitment.
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