Monolithisch India Ignites NSE SME Debut with 62% Premium Pop

Image Source: Finowings

Monolithisch India Ltd made a scorching debut on the NSE SME platform today, listing at ₹231.55—a 61.9% premium over its IPO price of ₹143. The stock surged further to hit the upper circuit at ₹243.10, reflecting strong investor appetite and outperforming grey market expectations.

Monolithisch manufactures ramming mass, a heat insulation material used in induction furnaces by iron and steel producers. Its client base is concentrated in West Bengal, Jharkhand, and Odisha.

Financials for FY25 show ₹97.49 crore in revenue and ₹14.49 crore in net profit, marking a 70% YoY profit jump.

Postissue, promoter holding stands at 73.61%, down from 100%.

Key Highlights:

The IPO was oversubscribed 170+ times, with retail and institutional investors showing robust interest.
The ₹82.02 crore issue was entirely a fresh issue of 54.48 lakh shares, priced in the ₹135–₹143 band.
Ahead of listing, the company raised ₹23.35 crore from 11 anchor investors, including institutional names.

The IPO proceeds will fund:

A new manufacturing facility
Investment in subsidiary Metalurgica India
Working capital and general corporate needs

Outlook:

With a strong debut and solid fundamentals, Monolithisch India has positioned itself as a rising star in the SME segment. Its expansion plans and niche product line could keep investor interest buzzing well beyond listing day.

Sources: Business Standard, Moneycontrol, Economic Times