Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Monolithisch IPO
Price Band
₹135.0–143.0
Issue Size
₹82.02 Cr
Lot Size
1,000 shares
Min Investment
₹143,000
GMP
+₹39.0 (27.27%)
Issue Price
₹143.0
Subject to Sauda
₹29600
Paid only if allotted
Monolithisch IPO AI Summary
- Monolithisch IPO is listed on NSE SME in the Electrodes & Refractories sector.
- Price band: ₹135.0–₹143.0 per share, lot size 1,000 shares (min. investment ₹143,000).
- Subscription window: 12 Jun–16 Jun 2025, listing on 19 Jun 2025.
- Current GMP is +₹39.0 (27.27%), an estimated listing price of ₹182 — unofficial and can change daily.
Monolithisch India Limited is an emerging player in the refractory manufacturing sector, with a growing client base and a strong financial performance. The IPO aims to raise ₹82.02 Cr to fund various growth initiatives, making it a noteworthy option for investors considering exposure to the industrial sector.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Monolithisch IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 16 Jun 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Monolithisch IPO Grey Market Premium (GMP) Today
GMP
+₹39.0
GMP %
+27.27%
Est. Listing
₹182.0
Updated: 25 Jul 2026 14:14
About the Company
Incorporated in August 2018, Monolithisch India Limited manufactures and supplies specialized "ramming mass," a heat insulation refractory used in the iron and steel industry induction furnaces. The company's products include SGB-777, SLM-999, BG-77, Quartzite Grain SLM -980 and SLM 980. The company is ISO certified and specializes in manufacturing specialized ramming mass for heat insulation, used by customers as a refractory consumable in induction furnaces for iron, steel, and foundry plants. The company’s major customers are iron and steel producers in Eastern India, primarily in West Bengal, Jharkhand, and Odisha. The company's manufacturing unit is situated in Purulia, West Bengal. The company's clients grew from 43 in 2023 to 61 in 2025. As of March 31, 2025, the Company has 26 full-time employees and hires contract labor for various operations in its manufacturing facility. Competitive Strength Established manufacturing facility with easy access to raw material sources. Long-standing customer relationships with customers along with location advantage. Experienced Promoters and Management team. Track record of healthy financial performance
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 55.90 | 27.64 | 16.20 |
| Total Income | 97.49 | 68.94 | 41.90 |
| Profit After Tax | 14.49 | 8.51 | 4.54 |
| NET Worth | 35.20 | 18.52 | 10.01 |
| Reserves and Surplus | 19.20 | 16.72 | 8.21 |
| Total Borrowing | 7.43 | 2.70 | 3.67 |
Key Ratios
EPS
₹9.05
NAV
₹22.13
ROE
53.94%
ROCE
46.22%
RoNW
41.15%
P/B Value
12.20
P/E Ratio
15.79
Market Cap
₹310.82 Cr
PAT Margin
14.88%
Debt/Equity
0.21
Peer Comparison
| Company | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|
| Raghav Productivity Enhancers Ltd | 19.12% | 88.64 | 8.05 | 8.05 |
| Monolithisch India Limited This IPO | 41.15% | — | 9.11 | 9.11 |
Promoters
Prabhat Tekriwal, Sharmila Tekriwal, Harsh Tekriwal, Kritish Tekriwal and Kargil Transport Pvt.Ltd.
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding capital expenditure towards setting up of a manufacturing facility of the Company by purchase of land, building of factory shed, civil work and installation of additional plant and machinery therein 16.58 2 Investment in Subsidiary, Metalurgica India Pvt.Ltd. for financing its capital expenditure towards purchase of land, building of factory shed, civil work and installation of additional plant and machinery therein 27.90 3 To meet working capital requirements 20.00 4 General Corporate Purposes 8.35 5 Issue Expenses 9.20 Total 82.02
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹41.90 Cr in the period ending 31 Mar 2023, rising to ₹68.94 Cr by 31 Mar 2024, and further increasing to ₹97.49 Cr by 31 Mar 2025. This indicates a consistent growth in revenue over the periods.
Profit Trend
Profit After Tax was ₹4.54 Cr in the period ending 31 Mar 2023, increasing to ₹8.51 Cr by 31 Mar 2024, and further rising to ₹14.49 Cr by 31 Mar 2025. This demonstrates a positive trend in profitability across the reported periods.
Valuation
Monolithisch India Limited's implied P/E at the issue price is approximately 15.79, compared to peers like Raghav Productivity Enhancers Ltd, which has a P/E of 88.64. This suggests that Monolithisch is priced at a significantly lower multiple of trailing earnings than its peer.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the demand and supply dynamics for the shares in the grey market before the actual listing.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall portfolio strategy and risk tolerance. It’s important to consider the company's growth prospects and market conditions.
Who May Want to Wait
Investors who prefer stable and established companies with predictable earnings might want to avoid IPOs like this, which can be subject to market fluctuations and operational risks.
IPO Timeline, Explained
The IPO opens for subscription on June 12, 2025, and closes on June 16, 2025. Allotment of shares is expected by June 17, 2025, with the listing date set for June 19, 2025.
Listing Gains — The Risk
Listing gains refer to the potential profit an investor can make on the first day of trading. However, these gains are not guaranteed and can be influenced by market conditions, investor sentiment, and the company's performance post-IPO.
This evaluation is generated from Monolithisch's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Monolithisch IPO GMP today?
Monolithisch IPO GMP today is +₹39.0 (27.27%), indicating an estimated listing price of ₹182. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Monolithisch IPO?
The price band of Monolithisch IPO is ₹135.0–₹143.0 per share.
When does Monolithisch IPO open and close?
Monolithisch IPO opens on 12 June 2025 and closes on 16 June 2025.
When does Monolithisch IPO list on the stock exchange?
Monolithisch IPO listed on 19 June 2025 at ₹182.0.
What is the lot size for Monolithisch IPO?
The lot size for Monolithisch IPO is 1000 shares, requiring a minimum investment of ₹143,000.
What is the price band for the IPO?
The price band for the IPO is ₹135.0 to ₹143.0.
What is the minimum investment required?
The minimum investment required is ₹143,000, which corresponds to a lot size of 1000 shares.
When does the IPO open and close?
The IPO opens on June 12, 2025, and closes on June 16, 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected premium or discount at which shares might trade on their listing day.
When is the listing date for the shares?
The listing date for the shares is June 19, 2025.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
12 Jun 2025
Close
16 Jun 2025
Allotment
17 Jun 2025
Listing
19 Jun 2025
Similar IPOs in Electrodes & Refractories
Plan Your IPO Investment
Related Articles
Community Sentiment
What are other investors planning for Monolithisch?
No votes yet — be the first to share your view.
Sign in to voteDiscussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.