Chiseled to Perfection: Monolithisch India Allots IPO, Listing Soon

Monolithisch India Ltd, Purulia-headquartered manufacturer of special ramming mass for use in induction furnaces, concluded the basis of allotment of its ₹82.02 crore Initial Public Offering (IPO) today. The June 16-closed IPO saw a record 182.89x total subscription, indicating massive investor demand across categories.

 

Key Highlights:

The IPO proceeds shall also be used to fund capital expenditure towards a new manufacturing unit, investment in its subsidiary Metalurgica India Pvt Ltd, and working capital and general corporate purposes.

 

Key Dates:

Shareholders can check their allotment status from the NSE IPO website or KFin Technologies IPO status page.

 

References: Business Standard, MSN Money, Moneycontrol, Groww