⚙️ Monolithisch India Limited IPO – Full Details, GMP, Reviews & More

📅 IPO Snapshot & Timeline

• IPO Dates: 12 – 16 June 2025

• Price Band: ₹135 – 143 per share (FV ₹10)

• Lot Size: 1,000 shares (₹1.35 – 1.43 L per lot)

• Issue Size: 57.36 lakh shares (~₹82 Cr fresh issue)

• Platform: NSE Emerge (SME)

🏭 Business Profile

Monolithisch India operates an ISO‑certified facility in Purulia, West Bengal, producing specialised ramming mass—a heat-insulating refractory used in induction furnaces by the iron & steel industry. It serves industrial clients across Eastern India (WB, Jharkhand, Odisha)

📊 Financial Performance (FY23–FY25)

Strong half‑year growth indicates robust execution and rising demand for ramming mass.

🎯 How the IPO Proceeds Will Be Used

• Setup of manufacturing facility in Purulia

• Capex for subsidiary Metalurgica India

• Working capital support

• General corporate purposes

🔄 Subscription & GMP Insights

Grey Market Premium (GMP) trends for SME IPOs are not widely published, but for context:

GMP reflects demand in the unofficial grey market—the difference between market price and IPO issue price.↵GMP ≈ Grey Market Price − Issue Price

🧠 Analyst & Investor Commentary

Reddit discussions on similar SME IPOs emphasize:

“GMP … follows a pattern based on demand, market sentiment, and company fundamentals”
“GMP is a rough idea … investors should consider fundamental analysis before making decisions.”

So far, early sentiment appears driven by the firm’s solid growth and sector demand.

⚖️ Pros & Cons at a Glance

👍 Strengths

• Strong revenue & profit trajectory

• ISO-certified, specialized product with regional demand

• Fully fresh issue: no promoter dilution

👎 Risks

• SME IPO fraught with grey market volatility

• Modest institutional interest; depends on retail appetite

• Commodity-linked; margins can fluctuate

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📌 Final Verdict

Monolithisch India’s upward growth trend and niche positioning make it a compelling SME IPO candidate—especially for investors eyeing short-term listing gains given healthy H1 performance. Assuming a conservative GMP of ₹10–15, the listing could present a 7–10% premium.

Retail investors interested in the industrial sector and willing to accept SME-level risk may find this IPO suitable. Institutional subscription trends and GMP movements in the coming days should guide final decisions.

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✔️ Key Takeaways

• Price Band: ₹135–143

• Lot Size: 1,000 shares (~₹1.43 L)

• Issue Size: ₹82 Cr (all fresh)

• Use of Funds: Facility expansion, subsidiary capex, working capital

• Financials: Revenue up 65% (FY23–24); PAT doubled

• GMP: Yet to emerge—watch closely before listing

Disclaimer:
I am not a SEBI-registered investment adviser. All the content shared on this blog is for informational and educational purposes only. Please consult a SEBI-registered financial advisor before making any investment decisions.