Monolithisch India IPO

About Monolithisch India IPO

Monolithisch India Limited IPO is an IPO of ₹82.22 crores. It consists of a fresh issue of up to 57,36,000 equity shares. The listing of shares will take place on June 19, 2025. The shares will be allotted on June 17, 2025. The credit of shares to the demat account will take place on June 18, 2025 and the initiation of refunds will take place on June 18, 2025.

Objective of Monolithisch India IPO

• Funding capital expenditure towards the setting up of a manufacturing facility of the company through the purchase of land, construction of a factory shed, civil works, and installation of additional plant and machinery therein.

• Investment in their subsidiary, Metalurgica India Private Limited, for financing its capital expenditure towards the purchase of land, construction of a factory shed, civil works, and installation of additional plant and machinery therein.

• To meet working capital requirements.

• General corporate purposes.

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 approximately 2% to the country’s total GDP and employs 2.6 million people directly and indirectly through allied sectors. The Indian steel sector is further bifurcated into the primary and secondary steel sectors based on their production pathways. The secondary steel sector largely utilises the Direct Reduction-Electric Arc Furnace (DRI-EAF) route or the DRI Induction Furnace (DRI-IF) route for crude steel production and is also involved in the production of finished steel through re-rolling mills. Overall, the secondary sector accounts for about 40% of steel production in India.

The quality of ramming mass has a direct impact on the heating performance of furnaces, leading to smooth furnace operation, 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 furnaces of the steel industry. Quartz ramming mass is advantageous as it has the lowest thermal conductivity, resulting in low energy loss, a low expansion coefficient leading to stable lining, and good resistance to temperature. Its high silica content (>98.9%) helps in oxidising impurities present in the output charge by forming slag. Its cost is nearly 10–20% lower compared to that of alumina- or magnesia-based ramming mass.

Company Information

Monolithisch India Limited is engaged in the business of manufacturing and supplying specialised ramming mass, which is used as a heat insulation/lining material by their customers as a refractory consumable for induction furnaces installed in iron, steel, and foundry plants. They are also engaged in the occasional trading of their products to meet excess or urgent requirements from their customers. Most of their customers and raw material suppliers are located in states near their manufacturing facility. The major customers of the company are iron and steel producers located in the eastern parts of India, primarily in the states of West Bengal, Jharkhand, and Odisha.

Risks of Monolithisch India IPO

• They depend on certain key suppliers to procure a significant portion of their raw materials. They do not enter into long-term agreements with these suppliers, and any denial of supplies or loss of relationship with them could result in disruptions to their operations, which may adversely affect their business, financial condition, results of operations, and cash flows.

• If their plant experiences an outage due to machinery failure, or if there is any slowdown or shutdown in their manufacturing operations, or underutilisation of their manufacturing facility, it could affect their production and, ultimately, their financial condition, business operations, and cash flows.

• Their operations are subject to various hazards that could expose them to risks of liabilities, loss of revenue, and increased expenses.

Their operations involve the use of heavy machinery, chemicals, and other hazardous materials. Any mishandling of the machinery or hazardous chemicals at the manufacturing facility could lead to accidents during operation.

Anchor Investor Information

The Anchor Investor Bidding Date shall be one Working Day prior to the Bid/Issue Opening Date.

IPO Registrar and Book Running Lead Managers

Book running lead managers:

Hem Securities Limited

Registrar for the IPO is KFin Technologies Limited

Business Model

The company earns its revenue through the manufacturing and supply of specialised ramming mass, used by their customers as a heat insulation/lining material and as a refractory consumable for induction furnaces installed in iron/steel and foundry plants.

Company Growth Trajectory

Their revenue from operations increased from ₹41.87 crores in fiscal 2023 to ₹97.34 crores in fiscal 2025, at a CAGR of 41.31%. The main reason of increase was due to increase in the revenue from selling their products which increased to 97.3443 crores as against 68.8871 crores which represents an increase of 41.31%. During the same period, the production of the company also increased from 92261MT in FY2024 to 119722MT in FY2025 representing and increase of approx. 29.76%. Their other income was ₹ 0.0486 crores in Fiscal 2024, which has increased by 202.67% to ₹ 0.1471crores in Fiscal 2025. This income is on account of reversal of liabilities no longer required written back amounting to ₹0.1471 lakhs.

Company Market Position

Maintaining strong relationships with key customers is essential to Monolithisch India Limited’s business strategy. As a result, they have been able to retain a number of their customers over a long period. Due to their quality products and services, their customer base has gradually grown from 38 customers in the fiscal year 2022 to 55 customers in the fiscal year 2024, along with a CAGR of 69.29% in revenue from operations and approximately 61.44% of business from repeat customers.

How To Check Allotment Status of Monolithisch India IPO?

You can check the allotment status of shares either on the website of the National Stock Exchange (NSE) or on the website of the registrar KFin Technologies Limited.

To check the status on the NSE website:

• Visit the NSE website
• Click on “Investor Services” and choose “Application Status Check”
• Choose the issue type — Equity or Debt (Equity in this case)
• Select the Issue Name from the drop-down. The issue name is the company’s name, which is Monolithisch India Limited
• Enter your application number or PAN number
• Check the box which says “I’m not a Robot” and click on “Search” to know the allotment status

Follow these steps to know the allotment status on the registrar’s website:

• Visit the KFin Technologies Limited website
• Choose “Public Issues” from the “Investor Services” drop-down
• Select Monolithisch India Limited from the drop-down
• Enter your PAN number or Application number
• Click on “Submit” to know the allotment status

How to Apply for Monolithisch India IPO?

To apply for this IPO:

• Step 1: Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section
• Step 2: Specify IPO details: Enter the number of lots and the price you wish to apply for
• Step 3: Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange
• Step 4: Mandate Notification: Your UPI app will receive a mandate notification to block funds
• Step 5: Approve Request: Your funds will be blocked once you approve the mandate request on your UPI