Monolithisch India IPO: All You Need to Know

If you’ve been tracking stock market buzz lately, you’ve probably heard the name Monolithisch India pop up a few times. The company just wrapped up its IPO on June 16, and things got heated—in a good way.

This SME (Small and Medium Enterprise) IPO wasn’t just another listing. Investors flooded it with interest, and the numbers are wild: the issue was subscribed nearly 170 times. That’s right—170×. If you blinked, you probably missed it.

So, What Does Monolithisch India Actually Do?

Monolithisch isn’t building apps or launching EVs. Instead, it’s firmly rooted in old-school industry. The company makes ramming mass, a heat-resistant material used in steel furnaces. Not the flashiest product, but crucial for the steel industry.

They’ve been around since 2018 and have grown steadily, both in customer base and financials. In the last financial year (FY2025), they clocked in ₹97.5 crore in revenue—a 41% jump from the previous year. Even better, profits soared 70% to ₹14.5 crore. That kind of growth, especially in manufacturing, tends to catch investor eyes.

IPO Basics—Dates, Price, and What’s Next

The IPO was open for subscription from June 12 to June 16, 2025, with shares priced between ₹135 to ₹143. It was only a fresh issue, meaning the company is raising new funds rather than selling old shares. The target? Around ₹82 crore.

Here’s what’s coming up next:

• Allotment details are expected on June 17

• Refunds and demat credits should go out by June 18

• And finally, shares are likely to list on the NSE SME platform on June 19

So, if you applied, keep an eye on your inbox and demat account this week.

GMP: What’s the Market Whispering?

The grey market, which is kind of like the stock market’s rumor mill, has been bullish. By the end of the subscription window, shares were trading at a ₹37 to ₹46 premium in unofficial markets. That’s roughly a 25–30% pop over the IPO price.

Some people are expecting the listing price to hit around ₹189, which would be a solid debut. Of course, nothing is guaranteed—GMPs are just signals, not promises.

What Will the Company Do with the Money?

This isn’t just a cash grab. Monolithisch has a plan for every rupee raised:

• A new manufacturing plant is on the cards

• They’re investing in their subsidiary, Metalurgica India

• Extra funds will go toward daily operations and business needs

So it’s not about flashy expansion—it’s about scaling up in a focused, grounded way.

Why Investors Went Crazy for It

Let’s be honest: 170× subscription doesn’t happen every day. So what drew so many investors in?

Probably a mix of things—solid financials, a niche but essential product, and the fact that it’s an SME IPO (where investors often expect faster returns and quicker listing pops). Throw in a bullish GMP, and it’s a recipe for hype.

The Bottom Line

Monolithisch India’s IPO turned heads for all the right reasons. Whether or not the listing lives up to expectations, it’s clear that investors see real potential here. For now, all eyes are on June 19, when the stock is set to make its debut.

If you applied, good luck on allotment day. And if you didn’t—well, this one’s definitely going on the “stocks to watch” list.