Monolithisch India Ltd IPO
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Monolithisch India Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 57.36 L | TBA | ₹ 19.07 L | ₹ 160 L | NSE | ₹ 82.02 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 12 Jun, 25 | 16 Jun, 25 | 1000 | ₹ 1,35,000 | Book Building - SME | 19 Jun, 25 |
Monolithisch India Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Refractories |
| Sub Sector | Intermediates |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 51.72x | 2723000 | 140831000 |
| NII | 460.35x | 818000 | 376563000 |
| Retail | 94.71x | 1907000 | 180616000 |
| Employee | 0x | 0 | 0 |
| Total | 121.69x | 5736000 | 698010000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Monolithisch India Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 97.34 | 12.99 | 6.63 |
| EBITDA | 22.25 | 13.72 | 6.97 |
| PAT | 14.36 | 8.65 | 4.54 |
| Total Assets | 43.34 | 20.81 | 11.58 |
| Share Capital | 16.00 | 1.80 | 1.80 |
| Total Borrowings | 9.31 | 3.89 | 5.99 |
| Operating Activities (Net Cash) | 15.86 | 9.38 | 4.88 |
| Investing Activities (Net Cash) | 0.10 | 0.00 | 0.00 |
| Financing Activities (Net Cash) | 9.31 | 3.89 | 5.99 |
| Net Cashflow | 0.33 | 0.27 | 0.07 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Monolithisch India Ltd
Our Company was originally incorporated as Monolithisch India Private Limited with effect from August 29, 2018 as a Private limited company under the Companies Act, 2013, pursuant to a certificate of incorporation dated August 30, 2018 issued by the Deputy Registrar of Companies, Central Registration Centre bearing CIN U26999WB2018PTC227534. Pursuant to a special resolution passed by our Shareholders in the Extra-Ordinary General Meeting held on September 30, 2024, our Company was converted from a private limited company to public limited company and consequently the name of our Company was changed to Monolithisch India Limited, and a fresh certificate of incorporation dated November 21, 2024 was issued to our Company by the Registrar of Companies, Central Processing Centre. The CIN of the Company is U26999WB2018PLC227534.
The quality of ramming mass has a direct impact on the heating performance of the furnaces leading to the smooth working of furnaces, optimum output and better metallurgical control. It comes in three variants - acidic (made from silica), basic (made from magnesia) and neutral (made from alumina). Silica ramming mass (also known as acidic ramming mass) is the most commonly used owing to its inherent advantages and application in the induction furnace of the steel industry. India is the second-largest producer of crude steel as well as the second-largest consumer of finished steel in the world. The sector contributes to about 2% of the total GDP of the country and employs 2.6 million people directly and indirectly through allied sectors. The Indian steel sector is further bifurcated into the primary and secondary steel sector based on their production pathways.
Our Company is an ISO 9001:2015, ISO 14001:2015, ISO 22301:2019, ISO 37301:2021, ISO 45001:2018 and ISO/IEC 27701:2022 certified company engaged in the business of manufacturing and supply of specialized ramming mass used as a heat insulation/ lining material, by our customers as a refractory consumable for Induction furnaces installed in iron/steel and foundry plants. We are also engaged in the trading of our products on occasional basis to meet the excess and urgent requirement by our customers. The registered office and manufacturing facility of our Company is located at Utaraha, P.S - Neturia, Purulia, 723121, which is located in nearly states to our customers and raw material suppliers respectively. The major customers of our company are iron and steel producers located in Eastern parts of India, majorly in the states of West Bengal, Jharkhand & Odisha.
Peer Comparison:
- Monolithisch India Limited
- Raghav Productivity Enhancers Limited
Monolithisch India Ltd IPO Key Points
Strengths
- Established manufacturing facility with easy access to raw material sources.
- Long-standing customer relationships with customers along with location advantage.
- Experienced Promoter and Management team.
- Expansive product portfolio.
- Track record of healthy financial performance.
Risk
- We depend on certain key suppliers to procure a significant portion of our raw materials. We do not enter into longterm agreements with these suppliers and any denial of supplies or loss of the relationship with them could result in disruption in our operations, which could have an adverse effect on our business, financial condition, results of operations and cash flows.
- Conflicts of interests may arise with one of its Group Company i.e. Mineral India Global Private Limited.
- If our plant faces outage due to failure of machinery or any slowdown or shutdown in our manufacturing operations or underutilization of our manufacturing facility could impact our production and ultimately can impact our financial condition, business operations and cash flows.
Strategy
- Identifying new customers and increasing business with existing customers'.
- Increasing our presence and expand our network.
- Expand capacity at our existing & new manufacturing facility.
- Established manufacturing facility with easy access to raw material sources.
- Long-standing customer relationships with customers along with location advantage.
- Experienced Promoter and Management team.
- Expansive product portfolio.
- Track record of healthy financial performance.
How To Apply for Monolithisch India Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
