Monolithisch India Limited is launching its IPO through a book-building process to raise ₹82.02 crores, entirely via a fresh issue of 54.48 lakh equity shares. The IPO subscription opened on June 12, 2025, and will close on June 16, 2025. The allotment of shares is expected to be finalized on June 17, 2025, with a tentative listing on the NSE SME platform scheduled for June 19, 2025.

The IPO has a fixed price band of ₹143 per share. The minimum lot size for retail investors is 1,000 shares, requiring an investment of ₹1,35,000. However, to increase the chances of allotment in case of oversubscription, it is recommended to bid at the cutoff price, which would require an investment of approximately ₹1,43,000. For High Net-worth Individuals (HNIs), the minimum application is 2 lots (2,000 shares), amounting to ₹2,86,000.

Monolithisch India is a prominent manufacturer and supplier of ramming mass, a key refractory consumable used for heat insulation and lining in induction furnaces, primarily by iron, steel, and foundry plants. The company focuses on delivering high-quality products and services that help build long-term relationships with its customers.

To support its growth, Monolithisch India has entered into an agreement to purchase land intended for the expansion of its manufacturing facilities. The company has also invested strategically in plant and machinery to enhance its production capacity. Over the years, these capital investments have reflected a steady financial commitment—₹9.53 lakhs in FY 2022, ₹220.91 lakhs in FY 2023, ₹168.94 lakhs in FY 2024, and ₹106.54 lakhs up to September 30, 2024. These figures highlight the company's focus on infrastructure development and operational expansion.

Objects of the Issue (JNK India IPO Objectives)

• Funding capital expenditure for setting up a manufacturing facility, including purchase of land, construction of factory shed, civil work, and installation of additional plant and machinery
• Investment in subsidiary, Metalurgica India Private Limited, for its capital expenditure towards land acquisition, factory shed construction, civil work, and machinery installation
• Meeting working capital requirements
• General corporate purposes

JNK India IPO Review (Apply)

• BP Wealth
• Canara Bank
• Capital Market
• Choice Broking
• DRChoksey FinServ
• Emkay Global
• Geojit
• Hem Securities
• ICICIdirect
• IDBI Capital
• Marwadi Shares
• Nirmal Bang
• Reliance Securities
• SBICAP Securities
• Sharekhan
• SMC Global
• Sushil Finance
• Swastika Investmart
• Ventura Securities

Financial Report

Financial Report