Monolithisch India Wows Markets With Stunning 62% Debut on NSE SME

Monolithisch India made a dazzling entry into the stock market today, as its shares opened at ₹231.55 on the NSE SME platform, delivering a whopping 62% gain over its IPO price of ₹143. The excitement didn’t stop there—just minutes after listing, the stock hit its upper circuit at ₹243.10, locking in even more investor enthusiasm.

A Hot Start That Beat All Expectations

Even before the bell rang, market watchers were expecting a strong debut, thanks to a solid grey market premium of ₹39. But the actual listing blew those expectations out of the water. The early trading frenzy saw nearly 30 lakh shares change hands, clocking in turnover of about ₹55 crore.

It’s not every day a newly listed company makes this kind of splash—and definitely not on the SME platform, where moves this sharp are relatively rare.

A Quick Recap of the IPO Buzz

Monolithisch India’s IPO, which ran from June 12 to 14, was an instant hit. Priced between ₹135 and ₹143, the issue saw massive demand across all investor categories. Retail investors oversubscribed their portion by nearly 95 times, while non-institutional and qualified institutional investors came in even stronger, with 460× and 129× oversubscription respectively. In total, the IPO was booked over 183 times—numbers like that don’t lie.

The company raised ₹82 crore through a fresh issue of 54.48 lakh shares. No offer-for-sale component was included, which meant all proceeds go directly to the company.

What Monolithisch India Actually Does

Based in Rajasthan, Monolithisch India manufactures “ramming mass”—a key input used in the lining of induction furnaces, mostly in steel, iron, cement, and foundry sectors. It may sound like a niche product, but it plays a crucial role in industrial manufacturing.

The company has shown solid growth recently. In FY25, revenue jumped by 41% to ₹97.49 crore, and profit surged 70% to ₹14.49 crore. That kind of financial traction likely helped fuel investor confidence.

They’ve also been expanding their customer base—from 43 clients in FY23 to 61 in FY25. And they’re not stopping there.

So Where’s the Money Going?

The IPO funds are planned to be used for setting up a new plant, expanding operations through its subsidiary Metalurgica India, and strengthening working capital. A portion will also go toward general corporate expenses.

All signs point to a company that’s not just riding a stock market wave, but is also focused on long-term growth.

Why This Debut Stands Out

This isn’t just another IPO story—it’s a sign of growing investor appetite for small and mid-sized companies doing important work behind the scenes. Monolithisch India may not be a household name, but its performance today shows how niche players with strong fundamentals and growth plans can capture serious market attention.

It also highlights how the NSE SME platform is maturing. With more investors looking beyond the usual large-cap plays, stories like this may become more common.