Next Article
Monolithisch India's IPO launch: Essential investor information
Monolithisch India's IPO is live from Thursday to Monday, aiming to raise ₹82.02 crore by offering 57.36 lakh shares at ₹135-₹143 each. You'll need to bid for at least 1,000 shares if you want in. The stock will debut on the NSE SME platform on June 19.
Dominating the ramming mass market
Founded in 2018, Monolithisch India makes premixed ramming mass—a key material used in steel production—and supplies over 80% of India's integrated steel plants. The IPO funds will help them build a new plant, invest in their subsidiary, and cover business needs.
Revenue up by 41% this year
The company's revenue jumped 41% this year to ₹97.49 crore, while net profit soared by 70% to ₹14.49 crore—showing they're not just growing fast but also turning solid profits.