Monolithisch India IPO: 170x Subscribed! | Key Details Explained

Monolithisch India, a company that makes ramming mass (a material used in steel and foundry furnaces), just closed its IPO with massive demand — over 170 times subscription! IPO Snapshot: • IPO Opened: June 12 • IPO Closed: June 16 • Issue Price Band: ₹135 – ₹143 • Total Funds Raised: ₹82.02 crore • Shares Offered: 54.48 lakh (fresh issue only) • Valuation: Around ₹310.82 crore Subscription Highlights: • Overall: 170.12 times subscribed • Retail Investors: 94.71x • Non-Institutional (HNIs): 460.3x • Qualified Institutional Buyers (QIBs): 51.7x • Total Applications: ~1.96 lakh • Shares Bidded: 69.8 crore vs 41.03 lakh on offer Important Dates: • Allotment Date: June 17, 2025 • Listing Date on NSE Emerge: June 19, 2025 Use of IPO Funds: • Build a new manufacturing plant • Invest in its subsidiary Metalurgica India • Buy land, factory equipment, and machinery • Meet working capital needs and general expenses What Does Monolithisch Do? It makes ramming mass – a heat-resistant material used to line induction furnaces in the iron and steel industry. Lead Manager: Hem Securities Note for Investors: This listing is on NSE Emerge, a platform for small and medium enterprises (SMEs). High subscription shows strong investor confidence, but SME IPOs can be volatile. Always research before investing.