Monolithisch share price: Stock lists at 62% premium on NSE SME, here's how much investors made per lot

The stock started trading at ₹231.55 per share, a premium of 61.92% over the issue price of ₹143 per share on the SME platform of the National Stock Exchange (NSE).

Monolithisch share price: Here's how much investors made per lot

The issue was subscribed a whopping 182.89 times. Retail investors submitted bids for 94.71 times the shares allotted for them. The non-institutional investors quota was booked 459.99 times, while the category for qualified institutional buyers was subscribed 129.20 times.

The funds raised will be used for capital expenditure to set up a manufacturing unit, meet working capital needs, invest in the subsidiary Metalurgica India private limited, and serve general corporate purposes.

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

About the company

Monolithisch India makes and supplies specialised 'ramming mass', which is a heat insulation refractory used in the iron and steel industry induction furnaces.

The major customers of the company are located in the eastern parts of India, mainly in the states of Jharkhand, West Bengal and Odisha. Its products include SLM-999, SLM-980, SGB-777, Quartzite Grain SLM-980 and BG-77.

Monolithisch India reported revenue from operations of ₹97.49 crore with a profit after tax (PAT) of ₹14.49 crore in the financial year 2024-25 (FY25). It posted ₹68.94 crore in revenue and a net profit of ₹8.51 crore in FY24.