Latest news with #MonolithischIndiaLimited
Mint
12-06-2025
- Business
- Mint
Monolithisch India IPO opens today; check GMP, subscription status, issue details, more
Monolithisch India IPO opens for subscription on Thursday, June 12 and will conclude on Monday, June 16. Monolithisch India IPO price band has been set between ₹ 135 and ₹ 143 per equity share, with a face value of ₹ 10 each. Investors can place bids for a minimum of 1,000 equity shares and in increments of 1,000 shares thereafter. Monolithisch India Limited produces and distributes specialized "ramming mass," a heat-resistant refractory utilised in induction furnaces for the iron and steel sector. The company's range of products includes SGB-777, SLM-999, BG-77, Quartzite Grain SLM -980, and SLM 980. As an ISO certified entity, the company focuses on manufacturing tailored ramming mass for heat insulation, which customers use as a refractory consumable in induction furnaces within iron, steel, and foundry operations. The primary customers of the company are iron and steel manufacturers located in Eastern India, predominantly in West Bengal, Jharkhand, and Odisha. The manufacturing facility is located in Purulia, West Bengal. The number of clients increased from 43 in 2023 to 61 by 2025. Monolithisch India's revenue surged by 41%, while its profit after tax (PAT) jumped by 70% from the financial year ending March 31, 2024, to March 31, 2025. As per the red herring prospectus (RHP), the company's sole listed peer is Raghav Productivity Enhancers Ltd (with a P/E of 88.64 times). Subscription for the public issue will open at 10:00 IST during Thursday's deals. Monolithisch India IPO consists of a fresh issue of 54,48,000 equity shares, aggregating to ₹ 82.02 crore. There is no offer-for-sale (OFS) component. The Monolithisch India IPO intends to use the net proceeds from the offering for several purposes, including financing capital expenditures for establishing the Company's manufacturing facility, making investments in its subsidiary, addressing working capital needs, and covering general corporate expenses. Hem Securities Limited serves as the book-running lead manager for the Monolithisch India IPO, whereas Kfin Technologies Limited acts as the registrar for this offering. The market maker for the Monolithisch India IPO is Hem Finlease Private Limited. Monolithisch India IPO GMP today is +36. This indicates Monolithisch India share price was trading at a premium of ₹ 36 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Monolithisch India share price is indicated at ₹ 179 apiece, which is 25.17% higher than the IPO price of ₹ 143. According to the grey market activities from the last seven sessions, the IPO GMP is trending upward today, suggesting a robust listing. The minimum GMP recorded is ₹ 10.00, while the maximum is ₹ 36, as per the insights from investorgain experts. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
India Gazette
09-06-2025
- Business
- India Gazette
Monolithisch India Limited launches Rs 82.02 crore IPO
HT Syndication Ranchi (Jharkhand) [India], June 9: Headquartered in Ranchi, Monolithisch India Limited, the manufacturer of specialized ramming mass has announced the launch of its Initial Public Offering (IPO) on the NSE Emerge platform. The IPO opens on June 12, 2025, and closes on June 16, 2025, with a price band of Rs 135 to Rs 143 per equity share. Envisages to set up new manufacturing plant of ramming mass used in the Induction furnaces of iron & steel industry. The manufacturer of silica based ramming mass, will issue 57,36,000 equity shares aiming to raise Rs 82.02 crores. The face value of equity shares is Rs 10 each. The issue is being managed by Hem Securities with KFin Technologies Limited as registrar to the issue. The minimum application lot is 1,000 shares. The company has put 27,23,000 shares on block for Qualified Institutional Buyers (QIB), 8,18,000 for Non-Institutional Investors (NII), 19,07,000 for Retail Individual Investors (RII) and remaining 2,88,000 for Market Markers (MM). The capital raised will be deployed towards: * Funding capital expenditure of Rs 16.58 crore towards setting up a manufacturing by purchasing land, building of factory shed, civil work and installation of plant and machinery therein. This expansion will raise the total installed capacity to approximately 250000 MTPA. * Investing Rs 27.90 crore in subsidiary Metalurgica India Pvt. Ltd. for land purchase, building of shed, civil work and installation of plant machinery. * Meet working capital requirement to the tune of 20 Cr. * Funding general corporate initiatives Company at a Glance Monolithisch India Limited, founded in 2018, is a manufacturer of specialized ramming mass used in induction furnaces up to 45MT by iron & steel producers. The company operates a 132,000 MTPA manufacturing plant in Purulia, West Bengal, and serves iron & steel producers located in the eastern part of India, with most of the customers and raw material suppliers located in nearby states to the company's manufacturing facility. The company produces five grades of ramming mass made out of alpha-quartzite and stone boulder & has developed different grades with different specifications and additives to serve furnace of different sizes and make. The customer base has seen almost 53% rise from 41 customers in FY23 to 63 customers in FY25. It strives to expand its position in additional geographical markets. Track record of healthy financial performance * Revenue CAGR (FY23-FY25): 52.46% * FY25 Revenue: Rs9,734.43 lakhs * EBITDA-Rs2106.24 lakhs (21.64%) * Net Profit: Rs1,448.80 lakhs (14.88%) * ROE- 53.94% * ROCE: 46.22% * Net Worth: Rs3,520.48 lakhs * Debt-to-Equity 1 * Customer Repeat Rate (FY24): 61.44% Leadership Monolithisch is led by Mr. Prabhat Tekriwal, Chairman and CFO, who brings over 36 years of experience in the refractory industry; Mr. Harsh Tekriwal, Managing Director and a Cardiff University alumnus, brings an experience of 7 years; and Mrs. Sharmila Tekriwal, Executive Director, with an experience of 23 years in the refractory material industry. Advantages of Quartz based ramming mass 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. The advantage of quartz ramming mass lies in its lowest thermal conductivity resulting in low energy loss, low expansion coefficient leading to the stable lining, and good resistance to temperature. The cost is 10-20% lower as compared to alumina or magnesia based ramming mass. Industry Outlook 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. Indian steel sector is further bifurcated into the primary and secondary steel sector based on their production pathways. Overall the secondary sector, accounts for 40% steel production in India. The value chain of the secondary steel sector involves the production of sponge iron through the direct reduction route (DRI), which is followed by the production of crude steel (semi-finished steel) through Electric Arc Furnaces (EAF) or Induction Furnaces (IF). The National Steel Policy (NSP) 2017 envisages 300 million tonnes steelmaking capacity and 160 kgs per capital steel consumption by 2030. Investor and Media Contact: Corporate Communications - Monolithisch India Limited Shri Gopal Complex, Kanke Road, Ranchi - 834008 * Email: info@ Website: Forward-Looking Statement: Certain statements in this release may be forward-looking in nature, involving risks and uncertainties that may cause actual outcomes to differ materially. Monolithisch India Limited does not undertake to update these statements publicly. (ADVERTORIAL DISCLAIMER: The above press release has been provided by HT Syndication. ANI will not be responsible in any way for the content of the same)
The Wire
09-06-2025
- Business
- The Wire
Monolithisch India Limited launches Rs 82.02 crore IPO
New Delhi [India], June 9: Headquartered in Ranchi, Monolithisch India Limited, the manufacturer of specialized ramming mass has announced the launch of its Initial Public Offering (IPO) on the NSE Emerge platform. The IPO opens on June 12, 2025, and closes on June 16, 2025, with a price band of Rs 135 to Rs 143 … Continue reading "Monolithisch India Limited launches Rs 82.02 crore IPO"
Economic Times
09-06-2025
- Business
- Economic Times
Monolithisch India Limited launches Rs 82.02 crore IPO
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Headquartered in Ranchi, Monolithisch India Limited, the manufacturer of specialized ramming mass has announced the launch of its Initial Public Offering ( IPO ) on the NSE Emerge IPO opens on June 12, 2025, and closes on June 16, 2025, with a price band of Rs 135 to Rs 143 per equity share. Envisages to set up new manufacturing plant of ramming mass used in the Induction furnaces of iron & steel manufacturer of silica based ramming mass, will issue 57,36,000 equity shares aiming to raise Rs 82.02 crores. The face value of equity shares is Rs 10 each. The issue is being managed by Hem Securities with KFin Technologies Limited as registrar to the minimum application lot is 1,000 shares. The company has put 27,23,000 shares on block for Qualified Institutional Buyers (QIB), 8,18,000 for Non-Institutional Investors (NII), 19,07,000 for Retail Individual Investors (RII) and remaining 2,88,000 for Market Markers (MM).The capital raised will be deployed towards:* Funding capital expenditure of Rs 16.58 crore towards setting up a manufacturing by purchasing land, building of factory shed, civil work and installation of plant and machinery therein. This expansion will raise the total installed capacity to approximately 250000 MTPA.* Investing Rs 27.90 crore in subsidiary Metalurgica India Pvt. Ltd. for land purchase, building of shed, civil work and installation of plant machinery.* Meet working capital requirement to the tune of 20 Cr.* Funding general corporate initiativesCompany at a GlanceMonolithisch India Limited, founded in 2018, is a manufacturer of specialized ramming mass used in induction furnaces up to 45MT by iron & steel producers. The company operates a 132,000 MTPA manufacturing plant in Purulia, West Bengal, and serves iron & steel producers located in the eastern part of India, with most of the customers and raw material suppliers located in nearby states to the company's manufacturing company produces five grades of ramming mass made out of alpha-quartzite and stone boulder & has developed different grades with different specifications and additives to serve furnace of different sizes and customer base has seen almost 53% rise from 41 customers in FY23 to 63 customers in FY25. It strives to expand its position in additional geographical record of healthy financial performance* Revenue CAGR (FY23-FY25): 52.46%* FY25 Revenue: Rs9,734.43 lakhs* EBITDA-Rs2106.24 lakhs (21.64%)* Net Profit: Rs1,448.80 lakhs (14.88%)* ROE- 53.94%* ROCE: 46.22%* Net Worth: Rs3,520.48 lakhs* Debt-to-Equity < 1* Customer Repeat Rate (FY24): 61.44%LeadershipMonolithisch is led by Mr. Prabhat Tekriwal, Chairman and CFO, who brings over 36 years of experience in the refractory industry; Mr. Harsh Tekriwal, Managing Director and a Cardiff University alumnus, brings an experience of 7 years; and Mrs. Sharmila Tekriwal, Executive Director, with an experience of 23 years in the refractory material of Quartz based ramming massThe 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 advantage of quartz ramming mass lies in its lowest thermal conductivity resulting in low energy loss, low expansion coefficient leading to the stable lining, and good resistance to temperature. The cost is 10-20% lower as compared to alumina or magnesia based ramming OutlookIndia 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 steel sector is further bifurcated into the primary and secondary steel sector based on their production pathways. Overall the secondary sector, accounts for 40% steel production in value chain of the secondary steel sector involves the production of sponge iron through the direct reduction route (DRI), which is followed by the production of crude steel (semi-finished steel) through Electric Arc Furnaces (EAF) or Induction Furnaces (IF).The National Steel Policy (NSP) 2017 envisages 300 million tonnes steelmaking capacity and 160 kgs per capital steel consumption by and Media Contact: Corporate Communications - Monolithisch India LimitedShri Gopal Complex, Kanke Road, Ranchi - 834008* Email: info@ Statement: Certain statements in this release may be forward-looking in nature, involving risks and uncertainties that may cause actual outcomes to differ materially. Monolithisch India Limited does not undertake to update these statements publicly.(ADVERTORIAL DISCLAIMER: The above press release has been provided by HT Syndication. will not be responsible in any way for the content of the same)
Time of India
09-06-2025
- Business
- Time of India
Monolithisch India Limited launches Rs 82.02 crore IPO
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Headquartered in Ranchi, Monolithisch India Limited, the manufacturer of specialized ramming mass has announced the launch of its Initial Public Offering ( IPO ) on the NSE Emerge IPO opens on June 12, 2025, and closes on June 16, 2025, with a price band of Rs 135 to Rs 143 per equity share. Envisages to set up new manufacturing plant of ramming mass used in the Induction furnaces of iron & steel manufacturer of silica based ramming mass, will issue 57,36,000 equity shares aiming to raise Rs 82.02 crores. The face value of equity shares is Rs 10 each. The issue is being managed by Hem Securities with KFin Technologies Limited as registrar to the minimum application lot is 1,000 shares. The company has put 27,23,000 shares on block for Qualified Institutional Buyers (QIB), 8,18,000 for Non-Institutional Investors (NII), 19,07,000 for Retail Individual Investors (RII) and remaining 2,88,000 for Market Markers (MM).The capital raised will be deployed towards:* Funding capital expenditure of Rs 16.58 crore towards setting up a manufacturing by purchasing land, building of factory shed, civil work and installation of plant and machinery therein. This expansion will raise the total installed capacity to approximately 250000 MTPA.* Investing Rs 27.90 crore in subsidiary Metalurgica India Pvt. Ltd. for land purchase, building of shed, civil work and installation of plant machinery.* Meet working capital requirement to the tune of 20 Cr.* Funding general corporate initiativesCompany at a GlanceMonolithisch India Limited, founded in 2018, is a manufacturer of specialized ramming mass used in induction furnaces up to 45MT by iron & steel producers. The company operates a 132,000 MTPA manufacturing plant in Purulia, West Bengal, and serves iron & steel producers located in the eastern part of India, with most of the customers and raw material suppliers located in nearby states to the company's manufacturing company produces five grades of ramming mass made out of alpha-quartzite and stone boulder & has developed different grades with different specifications and additives to serve furnace of different sizes and customer base has seen almost 53% rise from 41 customers in FY23 to 63 customers in FY25. It strives to expand its position in additional geographical record of healthy financial performance* Revenue CAGR (FY23-FY25): 52.46%* FY25 Revenue: Rs9,734.43 lakhs* EBITDA-Rs2106.24 lakhs (21.64%)* Net Profit: Rs1,448.80 lakhs (14.88%)* ROE- 53.94%* ROCE: 46.22%* Net Worth: Rs3,520.48 lakhs* Debt-to-Equity < 1* Customer Repeat Rate (FY24): 61.44%LeadershipMonolithisch is led by Mr. Prabhat Tekriwal, Chairman and CFO, who brings over 36 years of experience in the refractory industry; Mr. Harsh Tekriwal, Managing Director and a Cardiff University alumnus, brings an experience of 7 years; and Mrs. Sharmila Tekriwal, Executive Director, with an experience of 23 years in the refractory material of Quartz based ramming massThe 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 advantage of quartz ramming mass lies in its lowest thermal conductivity resulting in low energy loss, low expansion coefficient leading to the stable lining, and good resistance to temperature. The cost is 10-20% lower as compared to alumina or magnesia based ramming OutlookIndia 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 steel sector is further bifurcated into the primary and secondary steel sector based on their production pathways. Overall the secondary sector, accounts for 40% steel production in value chain of the secondary steel sector involves the production of sponge iron through the direct reduction route (DRI), which is followed by the production of crude steel (semi-finished steel) through Electric Arc Furnaces (EAF) or Induction Furnaces (IF).The National Steel Policy (NSP) 2017 envisages 300 million tonnes steelmaking capacity and 160 kgs per capital steel consumption by and Media Contact: Corporate Communications - Monolithisch India LimitedShri Gopal Complex, Kanke Road, Ranchi - 834008* Email: info@ Statement: Certain statements in this release may be forward-looking in nature, involving risks and uncertainties that may cause actual outcomes to differ materially. Monolithisch India Limited does not undertake to update these statements publicly.(ADVERTORIAL DISCLAIMER: The above press release has been provided by HT Syndication. will not be responsible in any way for the content of the same)
