Monolithisch India IPO Live
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Schedule of Monolithisch India
| Issue open date | 12 Jun 2025 |
| Issue close date | 16 Jun 2025 |
| UPI mandate deadline | 16 Jun 2025 (5 PM) |
| Allotment finalization | 17 Jun 2025 |
| Refund initiation | 18 Jun 2025 |
| Share credit | 18 Jun 2025 |
| Listing date | 19 Jun 2025 |
| Mandate end date | 01 Jul 2025 |
| Lock-in end date for anchor investors (50%) | 17 Jul 2025 |
| Lock-in end date for anchor investors (remaining) | 15 Sep 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Monolithisch India
Founded in 2018, Monolithisch India is a leading manufacturer of high-quality premixed ramming mass in India. A part of the Mineral Group of Companies, the company supplies its products to over 80% of integrated steel plants across the country. Its ramming mass is a critical input in induction furnaces used in secondary steel production. The company is undertaking capacity expansion to meet growing demand and strengthen its position in the steel value chain.
Financials of Monolithisch India
*All figures are in ₹ Crores.
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹82.02 crores |
| Fresh Issue | ₹82.02 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure for setting up a new manufacturing facility. | 16.58 (20.21%) |
| Investment in subsidiary, Metalurgica India | 27.90 (34.01%) |
| Working capital requirements | 20 (24.38%) |
| General Corporate Purpose | 17.54 (21.38%) |
Strengths
- Established manufacturing facility with easy access to raw material sources
- Long-standing customer relationships with customers along with location advantage
- Expansive product portfolio
- Track record of healthy financial performance.
Risks
- Dependence on key suppliers without long-term contracts may disrupt operations and impact financial performance.
- Top 3 customers contribute approximately 26% of total revenue.
- Exposure to operational hazards from machinery and chemicals may lead to accidents, liabilities, or business disruptions.
- Dependence on third-party transport providers exposes the company to risks of delays, losses, or disruptions that may impact operations and financial performance.
- The company derives most of its revenue from West Bengal, Odisha, and Jharkhand and operates a single facility, exposing it to regional risks and challenges in geographic expansion.