TTT NEWS NETWORK
RANCHI | 10 JUNE 2025
Monolithis India Limited of Ranchi’s initial public offering (IPO) of ₹82.02 crores will open on June 12, 2025 and close on June 16, 2025. The face value of the shares is ₹10 and the price band has been set at ₹135 to ₹143 per equity share.
The funds raised from a total of 5,736,000 equity shares will be used for ₹16.58 crores in capital expenditure for establishing a new manufacturing unit, an investment of ₹27.90 crores in the subsidiary company Metalurjika India Private Limited, Meeting working capital requirements of ₹20 crores, and funding for general corporate purposes.
The IPO manager is Hem Securities and the registrar is KFin Technologies Ltd. Founded in 2018, Monolithis India Limited manufactures special types of silica ramming mass used in steel induction furnaces.
The company’s main plant is located in Purulia, West Bengal, with a production capacity of 132,000 MTPA. This company provides services to steel manufacturers in Eastern India.
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