Monolithisch India IPO subscribed over 5 times so far on day 2; check lot size and allotment date

Monolithisch India IPO is receiving a positive response from investors, as the issue has been subscribed 5.27 times so far on the second day of subscription on Friday, June 13.

The initial share sale has received bids for 2,16,34,000 shares as compared to 41,03,000 shares on offer, according to data on the National Stock Exchange (NSE) until 3:10 pm.

The ₹82.02 crore IPO of the specialised ramming mass maker will end on June 16. It is a fresh issue of 57.36 lakh shares with no offer for sale (OFS) component. The price range is set at ₹135 to ₹145 per share.

The money generated to the tune of ₹16.58 crore will be used for capital expenditure requirements towards setting up a manufacturing facility, ₹27.90 crore to invest in subsidiary Metalurgica India, and ₹20 crore to meet working capital needs. The remaining funds will be utilised to serve general corporate initiatives.

Investors can apply for at least one lot, consisting of 1,000 shares, requiring an investment of ₹1,43,000 (cut-off price). The company has set aside 27.23 lakh shares for qualified institutional buyers, 19.07 lakh shares for retail investors, 8.18 lakh shares for non-institutional investors, and 2.88 lakh shares for market marker.

Monolithisch India IPO: Allotment and listing date

The issue's book running lead manager is Hem Securities Ltd, while the registrar is KFin Technologies Ltd. Hem Finlease Pvt Ltd is the market maker.

About Monolithisch India

Monolithisch India is engaged in making specialised ramming mass utilised in induction furnaces by steel and iron producers. It has a 132,000 MTPA manufacturing plant in Purulia, West Bengal.

Its revenue from operations rose 41.41% to ₹97.49 crore in the financial year 2024-25 as against ₹68.94 crore a year back.

The profit after tax climbed 70.27% to ₹14.49 crore in FY25, compared to ₹8.51 crore in FY24.