The IPO is being offered in a price band of Rs 135 to Rs 143 per share. Retail investors can apply for a minimum lot size of 1,000 shares, requiring an investment of Rs 1.43 lakh at the upper end of the price band.
Hem Securities is the book-running lead manager, and Kfin Technologies is the registrar for the issue.
Monolithisch India, incorporated in August 2018, specializes in manufacturing and supplying “ramming mass,” a key heat insulation material used in iron and steel induction furnaces.
The company has expanded its client base from 43 in 2023 to 61 in 2025, underscoring its growing market presence. It posted strong financial performance for FY25, with revenue rising 41% to Rs 97.49 crore and net profit increasing 70% to Rs 14.49 crore compared to the previous year.
The IPO proceeds will be used to fund capital expenditure for a new manufacturing facility, invest in its subsidiary Metalurgica India Private Limited, meet working capital requirements, and cover general corporate expenses.
