Building Big—Monolithisch India’s Rs 82 Crore IPO Opens for Subscription

Monolithisch India SME IPO has begun for subscription, which will raise Rs 82.02 crore via a fresh issue of 54.48 lakh equity shares. The issue is available at a price band of Rs 135 to Rs 143 per equity share with the minimum lot size of 1,000 equity shares. The subscription is open until June 16, and the shares will be listed on NSE SME platform on June 19.

IPO Structure and Investment Details

No offer for sale component in the IPO, so the whole amount will go towards business expansion.

Retail investors need to invest a minimum of Rs 1.43 lakh for one lot and high-net-worth individuals need to invest a minimum of Rs 2.86 lakh for two lots.

Book-running lead manager is Hem Securities and the registrar to the issue is Kfin Technologies.

Company Description and Financial Performance

Monolithisch India deals in the production and supply of ramming mass, a heat insulation medium applied to iron and steel induction furnaces.

The client base of the company has grown from 43 in 2023 to 61 in 2025, demonstrating good market growth.

Revenue grew 41% in FY25 to Rs 97.49 crore, while net profit grew 70% to Rs 14.49 crore.

Utilization of IPO Proceeds

Amount will be used to set up a new facility, investment in subsidiary Metalurgica India, and working capital needs.

Additional capital will be used for general corporate expenses.

Sources: Economic Times, Business Standard, Financial Express, NDTV Profit.