Monolithisch India Limited is a specialized manufacturer of refractory consumables, particularly ramming mass used for heat insulation in induction furnaces within the iron, steel, and foundry sectors. With a manufacturing facility in Purulia, West Bengal, the company caters primarily to clients in eastern India, including West Bengal, Jharkhand, and Odisha. The Monolithisch India IPO opens on June 12, 2025, with a price band of ₹135 – 143 per share, aiming to raise ₹82.02 crore to fund capacity expansion and working capital requirements.
₹35
₹143
₹231.55
Expert Opinions
The market sentiment for Monolithisch India IPO is cautiously optimistic, driven by its strong financial performance and positioning in India’s growing refractory sector, which is projected to expand at an 8.3% CAGR through 2030. The company’s strengths include a focus on niche refractory consumables for the steel industry, advanced manufacturing infrastructure, and impressive FY2025 metrics: a Return on Equity (ROE) of 53.94%, Return on Capital Employed (ROCE) of 46.22%, and Net Asset Value (NAV) of ₹22.13.
These figures reflect exceptional capital efficiency and asset utilization in the context of the Monolithisch India IPO, supported by a low debt-to-equity ratio of 0.21. However, risks loom in the form of heavy depends on the cyclical steel industry, which contributes 64.92% of India’s refractory demand, and geographic concentration in eastern India’s steel hubs. Raw material price volatility and the capital-intensive nature of capacity expansion add further challenges. Long-term prospects hinge on India’s infrastructure push under initiatives like “Make in India,” which could boost steel production to 256.73 million tons by 2033.
Investor Considerations
Monolithisch India IPO has demonstrated robust financial performance, with revenue surging from ₹41.90 crore in FY2023 to ₹97.49 crore in FY2025 and net profit rising from ₹4.54 crore to ₹14.49 crore in the same period, reflecting strong operational efficiency and growth. The Indian refractory sector, driven by steel industry demand and infrastructure development, offers a positive outlook with an expected CAGR of 8.3% through 2030. The IPO is valued at a Price to Book Value of 12.20, PAT margin of 14.88%, and a low debt/equity ratio of 0.21, indicating healthy profitability and conservative leverage.
Growth prospects under the Monolithisch India IPO are supported by planned capacity expansion and ongoing infrastructure projects. However, risks remain due to dependence on the cyclical nature of the steel industry, volatility in raw material prices, and geographic concentration of clients. Short-term investors may face price fluctuations due to high valuations, while long-term investors could benefit from the company’s niche positioning and India’s infrastructure push, provided Monolithisch can diversify its client base and sustain operational efficiency.
| Date | GMP | Trend |
|---|---|---|
| 18 Jun 2025 10.40 | ₹35 | Down |
| 17 Jun 2025 13.32 | ₹40 | Down |
| 16 Jun 2025 15.42 | ₹45 | --- |
| 15 Jun 2025 11.49 | ₹45 | Down |
| 14 Jun 2025 10.52 | ₹50 | Up |
| 13 Jun 2025 13.01 | ₹45 | Down |
| 12 Jun 2025 19.08 | ₹50 | Up |
| 11 Jun 2025 13.34 | ₹35 | Up |
| 10 Jun 2025 11.24 | ₹28 | Up |
| 09 Jun 2025 19.24 | ₹26 | Up |
| 08 Jun 2025 11.44 | ₹17 | Up |
| 07 Jun 2025 13.13 | ₹14 | --- |
FAQs
The Grey Market Premium showed poor accuracy in predicting Monolithisch India IPO’s listing performance. While the GMP of ₹35 predicted a premium of 24.48% over the issue price, the stock delivered a much stronger gain of 61.92%. With a substantial prediction error of 30.08%, the GMP significantly underestimated the magnitude of gains, though it correctly predicted the positive listing direction, demonstrating its limitations as a reliable price predictor in this case.
Monolithisch India IPO Current GMP is ₹35.
Monolithisch India IPO Expected Returns is 24.48%.
Monolithisch India IPO estimated listing price is ₹178.