Monolithisch India Limited is launching its Monolithisch India Limited IPO on the NSE SME platform. The company specializes in manufacturing ramming mass, a critical material used in the steel and foundry industries.
Monolithisch India Limited IPO Timeline
- Open Date: Jun 12, 2025
- Close Date: Jun 16, 2025
- Allotment Date: Jun 17, 2025
- Initiation of Refunds: Jun 18, 2025
- Credit of Shares to Demat: Jun 18, 2025
- Listing Date: Jun 19, 2025
Monolithisch India Limited IPO Details
- Issue Period: Opens on June 12, 2025, and closes on June 16, 2025.
- Issue Price: ₹143 per equity share.
- Lot Size: 1,000 shares per lot.
- Total Issue Size: 5,736,000 equity shares of face value ₹10 each.
- Listing Exchange: NSE SME.
Promoters of Monolithisch India Limited
Monolithisch India Limited, a prominent manufacturer of ramming mass and other refractory materials, is led by a dedicated promoter group comprising members of the Tekriwal family. The company’s leadership is instrumental in steering its growth and operational strategies.
Promoters of Monolithisch India Limited
As per official corporate records, the key promoters and directors of Monolithisch India Limited are:
Sharmila Tekriwal
- Designation: Director
- Director Identification Number (DIN): 00884541
Prabhat Tekriwal
- Designation: Director
- DIN: 00884751
- Appointment Date: 29 August 2018
Harsh Tekriwal
- Designation: Director
- DIN: 07147021
- Appointment Date: 29 August 2018
These individuals have been associated with the company since its incorporation, playing pivotal roles in its development and expansion.
Monolithisch India Limited IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 1000 | ₹1,43,000 |
| Retail (Maximum) | 1 | 1000 | ₹1,43,000 |
| HNI (Minimum) | 2 | 2,000 | ₹2,86,000 |
Monolithisch India Limited IPO Promoter Holding
As of the latest available information, Monolithisch India Limited promoter shareholding details are as follows:
Promoter Shareholding
| Shareholding Stage | Percentage |
|---|---|
| Pre-Issue | 99.99% |
| Post-Issue | 0.00% |
This indicates that prior to the IPO, the promoters held nearly the entire shareholding of the company. Post-IPO, the promoter holding is expected to be significantly reduced, potentially to zero.Such a substantial reduction suggests that the IPO may involve a considerable offer for sale by the promoters.
For the most accurate and up-to-date information regarding the IPO structure and shareholding patterns, it’s advisable to refer to the company’s official announcements and the final Red Herring Prospectus (RHP) once released. These documents will provide detailed insights into the shareholding structure post-IPO.
About Monolithisch India Limited
Company Overview:
Monolithisch India Limited, established in 2018, is a leading manufacturer of high-quality premixed ramming mass, a critical refractory material used in induction furnaces for steel production. As part of the Mineral Group of Companies, Monolithisch India has rapidly gained prominence in the refractory industry.
- Incorporation Date: August 29, 2018.
- Registered Office: Plot No. 381, Village Utaraha, P.S. Neturia, Purulia, West Bengal – 723101.
- Industry: Manufacturing of ramming mass.
- Authorized Share Capital: ₹23.00 Crores.
- Paid-up Capital: ₹16.00 Crores.
Key Highlights:
- Founders: Mr. Prabhat Tekriwal and Mr. Harsh Tekriwal
- Headquarters: Purulia, West Bengal, India
- Primary Product: Premixed ramming mass
- Market Presence: Supplies to over 80% of India’s integrated steel plants
- Growth: Achieved approximately 60% year-on-year growth since inception
- Sustainability: Pioneering the use of renewable energy in ramming mass manufacturing
Strategic Advantages:
- Ready-to-Use Products: Eliminates the need for on-site mixing, reducing labor costs and space requirements.
- Strategic Location: Manufacturing facility in Purulia enables efficient distribution to key steel manufacturing hubs in eastern and central India.
- Customer-Centric Approach: Focuses on building long-term relationships by providing expert guidance and support throughout the refractory lifecycle.
Product Portfolio
Monolithisch India Limited offers a specialized range of high-quality refractory products, primarily focusing on premixed ramming mass tailored for induction furnaces in the steel industry. Their products are designed to enhance furnace efficiency, reduce downtime, and extend lining life.
| Product Code | Description |
|---|---|
| SLM-999 | Baseline product crafted by blending boric family additives with sieved quartzite grains and alpha quartzite particles, ensuring thermal stability and optimal furnace lining life. |
| BG-77 | Advanced ramming mass formulated with high-grade boric additives and sorted alpha quartzite stones, ideal for furnaces experiencing high thermal shocks, especially those using pellets and sponge iron. |
| SGB-777 | Specialized grade designed for specific furnace configurations, offering enhanced performance under varying operational conditions. |
| SLM-980 | Tailored for furnaces requiring higher thermal resistance, providing improved durability and efficiency. |
| LG-86 | Developed for furnaces with unique operational demands, ensuring consistent performance and longevity. |
Key Features
- Premium Raw Materials: Utilizes alpha-quartzite sourced from the Bihar-Jharkhand region, known for its exceptional hardness and bulk density, ensuring superior product quality.
- Ready-to-Use: Products are premixed, eliminating the need for on-site mixing, thereby reducing labor costs and space requirements.
- Customized Solutions: Offers bespoke alterations to meet the unique needs of bulk clients, catering to various furnace sizes and operational requirements.
- Sustainability: Pioneering the use of renewable energy in ramming mass manufacturing, emphasizing environmental responsibility.
Company commitment to quality, innovation, and customer-centric solutions positions them as a trusted partner in the steel industry’s refractory needs.
Monolithisch India Limited Financial Information
Monolithisch India Limited, a leading manufacturer of premixed ramming mass, has demonstrated significant financial growth in recent years. Below is a summary of the company’s financial performance:
Financial Performance Summary
| Particulars | 2022–2023 | 2023–2024 | 2024–2025 (Apr–Sep 2024) |
|---|---|---|---|
| Revenue from Operations | ₹41.88 crore | ₹68.89 crore | ₹40.99 crore |
| Profit After Tax (PAT) | ₹5.59 crore | ₹8.51 crore | ₹5.60 crore |
| Net Worth | ₹18.52 crore | ₹26.31 crore | Not specified |
| Earnings Per Share (EPS) | ₹3.50 | ₹48.08 | ₹3.50 |
Key Financial Highlights
- Revenue Growth: The company achieved a revenue of ₹68.89 crore in 2023–2024, reflecting a substantial increase from ₹41.88 crore in the previous fiscal year.
- Profitability: Profit After Tax (PAT) rose to ₹8.51 crore in 2023–2024, up from ₹5.59 crore in 2022–2023, indicating improved operational efficiency.
- Net Worth Enhancement: The company’s net worth increased to ₹26.31 crore by the end of 2023–2024, demonstrating financial stability and growth.
- Earnings Per Share (EPS): EPS improved significantly, reaching ₹48.08 in 2023–2024, compared to ₹3.50 in the previous year.
Monolithisch India Limited’s consistent financial growth underscores its strong market position and operational effectiveness in the refractory materials industry.
Key Performance Indicator (KPI)
| KPI | Values |
|---|---|
| ROE | 53.94% |
| ROCE | 46.22% |
| Debt/Equity | 0.21 |
| RoNW | 41.15% |
| PAT Margin | 14.88 |
| Price to Book Value | 12.20 |
Objects of the Issue of Monolithisch India Limited IPO
Monolithisch India Limited upcoming IPO aims to raise funds for several key objectives, as outlined in its Draft Red Herring Prospectus (DRHP). The primary purposes for which the company intends to utilize the IPO proceeds are:
1) Capital Expenditure for Manufacturing Facility Expansion
- Purpose: To set up a new manufacturing facility to enhance production capacity.
- Utilization: Funds will be allocated towards the purchase of land, construction of factory sheds, civil work, and installation of additional plant and machinery.
2) Investment in Subsidiary: Metalurgica India Private Limited
- Purpose: To support the capital expenditure requirements of its subsidiary.
- Utilization: Funds will be used for the purchase of land, construction of factory sheds, civil work, and installation of additional plant and machinery at the subsidiary’s manufacturing facility.
3) Working Capital Requirements
- Purpose: To meet the company’s short-term operational needs.
- Utilization: Funds will be allocated to manage day-to-day business operations, ensuring smooth production and supply chain activities.
4) General Corporate Purposes
- Purpose: To address unforeseen corporate requirements.
- Utilization: Funds will be reserved for strategic initiatives, contingencies, and other corporate needs that may arise.
These objectives are designed to strengthen Monolithisch India Limited’s manufacturing capabilities, support its subsidiary’s growth, and ensure the company is well-positioned for future expansion and operational efficiency.
Strengths of the Monolithisch India Limited IPO
1) Strong Financial Performance
- Revenue Growth: Achieved a significant increase in revenue from ₹41.88 crore in 2022–2023 to ₹68.89 crore in 2023–2024.
- Profitability: Maintained a Profit After Tax margin, with a PAT of ₹8.51 crore in 2023–2024.
- Return on Net Worth (RoNW): Reported a RoNW of 45.97%, indicating efficient utilization of equity capital.
2) Robust Return Ratios
- Return on Capital Employed (RoCE): 57.86%, reflecting effective capital utilization.
3) Established Market Position
- Industry Leadership: Recognized as a leading manufacturer of premixed ramming mass, a critical refractory material used in induction furnaces for steel production.
- Customer Base: Serves over 80% of India’s integrated steel plants, indicating a strong and diversified clientele.
4) Sustainable Manufacturing Practices
- Renewable Energy Initiatives: Pioneering the use of renewable energy in ramming mass manufacturing, emphasizing environmental responsibility.
Risks of the Monolithisch India Limited IPO
1) Competition and Pricing Pressure
- Competitive Landscape: Facing competition from other refractory material manufacturers, which may lead to pricing pressures and impact margins.
2) Operational Risks
- Supply Chain Dependencies: Relies on specific suppliers for raw materials, and any disruptions in the supply chain can affect production schedules and costs.
- Technological Obsolescence: The need for continuous innovation to maintain product quality and efficiency in manufacturing processes.
3) Regulatory and Compliance Risks
- Environmental Regulations: Changes in environmental laws and regulations can lead to increased compliance costs or operational adjustments.
- Government Policies: Alterations in government policies related to the steel industry can impact business operations.
Conclusion:
Monolithisch India Limited’s IPO presents an opportunity to invest in a company with strong financials, a leading market position, and a commitment to sustainable practices. However, potential investors should consider the risks related to industry dependence, competition, and operational challenges before making investment decisions.
Monolithisch India Limited Contact Details
Here are the updated contact details for Monolithisch India Limited, including their registered office, communication channels, and social media presence:
📍 Registered Office Address
Plot No. 381, Village Utaraha, P.S. Neturia, Purulia – 723101, West Bengal, India
📞 Phone Number
+91 91553 30164
📧 Email Addresses
- General Inquiries: info@monolithischindia.in
- Sales & Business Development: gm.sales@monolithischindia.in
- Investor Relations & Corporate Governance: cs@monolithischindia.in
🌐 Official Website
📱 Social Media Profiles
- Instagram: @monolithisch_india
- Facebook: Monolithisch India
- LinkedIn: Monolithisch India
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