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Monolithisch India IPO
Monolithisch India Ltd
₹1,35,000 /1000 sharesMinimum Investment
Monolithisch India IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹143.00 | ₹231.55 | ₹88.55 (61.92%) |
Monolithisch India IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 12 Jun ‘25 - 16 Jun ‘25 | ₹1,35,000 | 1,000 | ₹135 - ₹143 |
| Issue Size | IPO Doc |
|---|---|
| 82.02Cr | RHP PDF |
Subscription rate
As of 16 Jun'25, 04:00 PM
| Qualified Institutional Buyers | 77.40x |
| Non-Institutional Investor | 262.73x |
| Retail Individual Investor | 65.86x |
| Total | 103.54x |
About Monolithisch India
Founded in
2018
Managing director
Mr Harsh Tekriwal
Parent organisation
Monolithisch India Ltd
Strengths & Financials of Monolithisch India
Strengths
Risks
Monolithisch India operates a manufacturing facility in Purulia, West Bengal, with an installed capacity of 132,000 MTPA. The facility is equipped with automated machinery like crushers, mixers, and packers. The company claims to benefit from a location advantage, with proximity to raw material suppliers in Bihar, Jharkhand, and Madhya Pradesh, resulting in reduced freight costs and better margins compared to competitors.
Monolithisch India claims to have developed strong, long-term relationships with its core customer base, primarily in the iron and steel sectors across West Bengal, Jharkhand, and Odisha. The company claims that its customer retention rate is high, with nearly 61.44 percent of business coming from repeat customers.
Over the years, Monolithisch India claims to have diversified its product offerings, including various grades of ramming mass tailored to different furnace sizes and specifications. The product range includes items like SGB-777, SLM-999, and quartzite grain SLM-980. This extensive portfolio is claimed to have played a major role in the company’s growth by meeting diverse customer needs.
The company is ISO 9001:2015 certified for its quality management system, ISO 14001:2015 certified for its environmental management system, and ISO 22301:2019 certified for its security and resilience - business continuity management system. Additionally, the company holds ISO 37301:2021 certification for compliance management systems, ISO 45001:2018 certification for occupational health and safety management systems, and ISO/IEC 27701:2022 certification for information security management systems.
The company has witnessed a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 41.88 crore (standalone) in FY23 to Rs 68.89 crore (standalone) in FY24 and Rs 97.34 crore (consolidated) in FY25. PAT increased from Rs 4.54 crore (standalone) in FY23 to Rs 8.51 crore (standalone) in FY24 and Rs 14.49 crore (consolidated) in FY25.
The top three suppliers accounted for 29.87 percent of the company’s total purchases in FY25, 38.32 percent in FY24, and 46.15 percent in FY23. Any disruption in supplies from one or more of these suppliers could adversely affect the company’s business and finances.
The top three customers accounted for 25.56 percent of the company’s revenue in FY25, 29.58 percent in FY24, and 26.00 percent in FY23. Any failure to retain these key customers, expand the customer base, or a loss of business from these clients can adversely affect the company’s business and financial standing.
Monolithisch India operates a manufacturing facility in Purulia, West Bengal, which is essential to its production processes. Any disruption could negatively affect the company’s production capacity.
Monolithisch India relies on third-party transportation providers for both raw material procurement and product distribution. Any failure in these services, such as delays or accidents, could disrupt the company’s supply chain and customer deliveries.
West Bengal accounted for Rs 64.76 crore (66.53 percent) of the company’s revenue in FY25, Rs 47.34 crore (68.72 percent) in FY24, and Rs 34.23 crore (81.73 percent) in FY23. This geographical concentration exposes the company to local risks, such as natural disasters, political instability, and changes in regional demand.
A significant portion of the company’s revenue is derived from the sale of SGB-777. It accounted for Rs 48.40 crore (49.73 percent) of the company’s revenue in FY25, Rs 35.79 crore (51.95 percent) in FY24, and Rs 9.28 crore (22.16 percent) in FY23. Any loss of sales due to a reduction in demand for these products could have an adverse effect on the company’s business, financial condition, results of operations, and cash flows.
Monolithisch India shares its line of business with a group company, Mineral India Global Private Limited, which also manufactures and supplies specialised ramming mass for similar markets. Although both companies operate in distinct market segments as per a non-compete agreement, any violation or unenforceability of these terms may lead to conflicts of interest, potentially affecting Monolithisch India’s strategic positioning and financial performance.
As of FY25, the company had total trade receivables amounting to Rs 19.24 crore, a sharp increase from Rs 10.98 crore in FY24 and Rs 6.20 crore in FY23. Any failure to collect these receivables on time or at all can negatively impact the business and its financial condition.
As of FY25, the company had contingent liabilities amounting to Rs 4.41 crore. If any of these contingent liabilities materialise, it can adversely affect the company’s financial position.
As of FY25, the company had outstanding financial indebtedness of Rs 7.32 crore. Any failure to service or repay these loans can hurt the company’s operations and financial position.
Monolithisch India Financials
*All values are in Rs. Cr
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Application Details of Monolithisch India IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹135 - 143 | ₹2 - 5 Lakh |
| High Networth Individual | ₹135 - 143 | ₹2 - 5 Lakh |
For Monolithisch India IPO, eligible investors can apply as Regular.