Monolithisch India Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹143
Per ShareLot Size
1000 Shares
Minimum Investment
₹1,43,000
Issue Size
₹82.02 Cr
Face Value
₹10
Per ShareIPO Type
Book Building - SME
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Monolithisch India Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
100%
Promoter Holding (Post-Issue)
73.61%
Issue Type
Book Building - SME
ISIN
INE1DV401010
About the Company
Our Company is an ISO 9001:2015, ISO 14001:2015, ISO 22301:2019, ISO 37301:2021, ISO 45001:2018 and ISO/IEC 27701:2022 certified company engaged in the business of manufacturing and supply of specialized ramming mass used as a heat insulation/ lining material, by our customers as a refractory consumable for Induction furnaces installed in iron/steel and foundry plants. We are also engaged in the trading of our products on occasional basis to meet the excess and urgent requirement by our customers. The registered office and manufacturing facility of our Company is located at Utaraha, P.S - Neturia, Purulia, 723121, which is located in nearly states to our customers and raw material suppliers respectively. The major customers of our company are iron and steel producers located in Eastern parts of India, majorly in the states of West Bengal, Jharkhand & Odisha.
Industry Overview
The quality of ramming mass has a direct impact on the heating performance of the furnaces leading to the smooth working of furnaces, optimum output and better metallurgical control. It comes in three variants - acidic (made from silica), basic (made from magnesia) and neutral (made from alumina). Silica ramming mass (also known as acidic ramming mass) is the most commonly used owing to its inherent advantages and application in the induction furnace of the steel industry. India is the second-largest producer of crude steel as well as the second-largest consumer of finished steel in the world. The sector contributes to about 2% of the total GDP of the country and employs 2.6 million people directly and indirectly through allied sectors. The Indian steel sector is further bifurcated into the primary and secondary steel sector based on their production pathways.
Company History
Our Company was originally incorporated as "Monolithisch India Private Limited" with effect from August 29, 2018 as a Private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated August 30, 2018 issued by the Deputy Registrar of Companies, Central Registration Centre bearing CIN U26999WB2018PTC227534. Pursuant to a special resolution passed by our Shareholders in the Extra-Ordinary General Meeting held on September 30, 2024, our Company was converted from a private limited company to public limited company and consequently the name of our Company was changed to "Monolithisch India Limited", and a fresh certificate of incorporation dated November 21, 2024 was issued to our Company by the Registrar of Companies, Central Processing Centre. The CIN of the Company is U26999WB2018PLC227534.
Growth Strategy
- Identifying new customers and increasing business with existing customers'.
- Increasing our presence and expand our network.
- Expand capacity at our existing & new manufacturing facility.
Customer Base
wholesaler and retailer
Financial Performance
Revenue, profit after tax and total assets for the last reported financial year.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offer of upto 57,36,000 equity shares of face value of Rs. 10/- each (the "Equity Shares") of Monolithisch India Limited ("the Company" or "the Issuer") at an issue price of Rs. 143 per equity share (including share premium of Rs.133 per equity share) for cash, aggregating up to Rs. 82.02 crores ("Public Issue") out of which 2,88,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 143 per equity share for cash, aggregating Rs. 4.12 crores will be reserved for subscription by the market maker to the issue (the "Market Maker Reservation Portion"). The public issue less market maker reservation portion i.e. net issue of 54,48,000 equity shares of face value of Rs. 10/- each, at an issue price of Rs. 143 per equity share for cash, aggregating upto Rs. 77.90 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.39% and 25.06% respectively of the post-issue paid-up equity share capital of the company.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Established manufacturing facility with easy access to raw material sources.
- Long-standing customer relationships with customers along with location advantage.
- Experienced Promoter and Management team.
- Expansive product portfolio.
- Track record of healthy financial performance.
- We depend on certain key suppliers to procure a significant portion of our raw materials. We do not enter into longterm agreements with these suppliers and any denial of supplies or loss of the relationship with them could result in disruption in our operations, which could have an adverse effect on our business, financial condition, results of operations and cash flows.
- Conflicts of interests may arise with one of its Group Company i.e. Mineral India Global Private Limited.
- If our plant faces outage due to failure of machinery or any slowdown or shutdown in our manufacturing operations or underutilization of our manufacturing facility could impact our production and ultimately can impact our financial condition, business operations and cash flows.
- Our operations are subject to various hazards and could expose us to the risk of liabilities, loss of revenue and increased expenses.
- Our long-term growth and competitiveness are dependent on our ability to control costs and pass on any increase in operating expenses to customers, while continuing to offer competitive pricing.