Monolithisch India IPO, Final Day: Check GMP, Subscription Status, Allotment Date And More
The latest grey market premium (GMP) for the Monolithisch India IPO was Rs 46 on June 16, indicating a potential listing gain of over 32%.
The initial public offering of Monolithisch India Ltd. will close for subscription today. The company launched its initial public offering (IPO) on Thursday to raise over Rs 80 crore from the primary market.
The SME IPO was fully subscribed on Day 1 and was booked over 8 times on Friday. Non-institutional investors led the demand for the issue, which was booked over 180 times on Monday.
The company manufactures products used in induction furnaces. It’s primarily engaged in providing heat insulation refractory solutions.
Bidding for the SME issue will conclude today, so here's all you need to know about the Monolithisch India IPO including the latest GMP, Day 3 subscription status, price band, allotment and listing date and more.
Monolithisch India IPO: All You Need To Know
The Monolithisch India IPO is a book-building issue worth Rs 82.02 crore, comprising entirely a fresh issue of 57.36 lakh shares. The price band for the IPO is set between Rs 135 to Rs 143 per share.
Of the 41,03,000 shares on offer, 27,23,000 (66.37%) are allocated to Qualified Institutions, 10,90,000 (26.57%) to Qualified Institutions (Ex. Anchor), 8,18,000 (19.94%) to Non-Institutional Investors, 19,07,000 (46.48%) to Retail Investors, and 16,33,000 (39.80%) to Anchor investors.
Retail investors can participate in the IPO by bidding for at least a single lot size of 1,000 shares, requiring an investment of Rs 1,43,000.
HEM Securities Ltd. is the book-running lead manager of the Monolithisch India IPO. Kfin Technologies Ltd. is the registrar, and HEM Finlease Pvt. is the market maker for the issue.
Monolithisch India IPO had raised Rs 23.35 crore from anchor investors.
Monolithisch India IPO Subscription Status: Day 3
The IPO has been subscribed 182.01 times as of 4:34 pm on Monday
Qualified Institutions: 129.20 times
Non-Institutional Buyers: 459.93 times
Retail Investors: 92.98 times
Subscription status will be updated at regular intervals.
Monolithisch India IPO GMP Today
The grey market premium (GMP) for the Monolithisch India IPO was Rs 46 as of 3:30 p.m. on June 16. The latest GMP indicates an estimated listing price of Rs 189 per share, with potential gains of 32.17% against the upper limit of the IPO price band.
Despite the growing interest in the IPO, the grey market premium for the SME issue has shown a slight decline since it opened for subscription on June 12. The GMP was high as Rs 49 on Day 2.
Note: GMP does not represent official data and is based on speculation.
Monolithisch India IPO Dates
The allotment status for the Monolithisch India IPO will be finalised on June 17. Shares will be credited to the Demat accounts of successful bidders on June 18. Refunds for non-allottees will be initiated on the same day.
Shares of Monolithisch India are scheduled to be listed on the NSE SME platform, Emerge, on Thursday, June 19.
How To Check Monolithisch India IPO Allotment Status Online?
Investors who bid for the shares of Monolithisch India can check the allotment status on the NSE and KFin Technologies website on Tuesday, June 17. A step-by-step guide to check the allotnment status on these websites will be shared later.
About Monolithisch India
The company is a manufacturer of ramming mass. This product is primarily used in induction furnaces to ensure insulation between the coil and molten steel.
Use Of Proceeds
The company will use proceeds from the IPO to fund capital expenditure, investments in its subsidiary, working capital requirements and for general corporate purposes.
Financials
The company reported a 70.27% year-on-year (YoY) rise in profit after tax (PAT) to Rs 14.49 crore in FY25 from Rs 8.51 crore in FY24. Total income increased 41.4% YoY to Rs 97.49 crore in FY25 from Rs 68.94 crore in FY24.
