The issue attracted a healthy subscription of nearly 183 times at the end of the bidding process.
The SME IPO was targeting a fundraise of Rs 82.02 crore through the issuance of 54.48 lakh new equity shares. The IPO was priced in a range of Rs 135 to Rs 143 per share.
Retail investors could apply for a minimum lot size of 1,000 shares, which would require an investment of Rs 1.43 lakh at the upper end of the price range. Hem Securities was the book-running lead manager, while Kfin Technologies served as the registrar for the issue.
The proceeds from the IPO are intended to be utilized to fund capital expenditure for establishing a new manufacturing facility, invest in its subsidiary Metalurgica India Private Limited, address working capital needs, and cover general corporate expenses.
About Monolithisch India
Monolithisch India, incorporated in August 2018, is engaged in the manufacturing and supply of ramming mass—a crucial heat insulation material used in iron and steel induction furnaces.
The company has demonstrated steady growth, expanding its client base from 43 in 2023 to 61 in 2025, reflecting a strengthening market presence. In FY25, Monolithisch delivered a robust financial performance, with revenue rising 41% to Rs 97.49 crore and net profit surging 70% to Rs 14.49 crore, compared to the previous fiscal year.
Also read: India a great place to invest; it is expensive because you are paying for long-term growth: Deepak Shenoy
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