Upcoming IPO: The issue comprises a fresh issue of 2.7 crore equity shares, with no offer-for-sale component. Here's what we know so far about the upcoming IPO.

Upcoming IPO: Monomark Engineering India files DRHP to offer 2.70 crore equity shares in the primary market

Upcoming IPO: Monomark Engineering (India), an industrial operations and maintenance services provider based in Rajasthan, has moved to tap the capital markets by filing its draft papers with the Securities and Exchange Board of India on March 30 to raise funds through an IPO.

The offering will comprise a fresh issue of 2.7 crore equity shares, with no offer-for-sale component.

Out of the proceeds, the company intends to allocate ₹111 crore towards additional working capital needs, while the remaining funds will be used for general corporate purposes.

Holani Consultants Private Limited has been appointed as the Book Running Lead Manager to the issue, while Bigshare Services Private Limited will serve as the Registrar to the issue.

About the company

Monomark Engineering (India) Limited provides Industrial Operations and Maintenance (O&M) services, metal fabrication solutions, and industrial project execution to a wide range of clients across sectors such as metals, cement, ports, and engineering/OEMs. Its integrated service portfolio helps clients enhance operational efficiency, minimise downtime, improve asset reliability, and execute engineering and infrastructure projects in line with technical and operational requirements throughout the lifecycle of industrial assets.

As of February 2026, the company had 28 active projects across its business verticals, with an unexecuted order book exceeding ₹1,095 crore. It has secured long-term O&M contracts with major groups including Vedanta, Adani, Aditya Birla, JK Lakshmi Cement, L&T, and Tata, while also maintaining strong relationships with companies such as Adani Ports, Kutch Copper Limited, UltraTech Cement, MP Birla, and JK Cement.

On the financial front, for the fiscal year ended March 31, 2025, Monomark reported total income of ₹477.29 crore and a Profit After Tax (PAT) of ₹18.21 crore, representing a CAGR of 51.04%. This growth trend has continued into the current fiscal year, with the company recording a PAT of ₹12.36 crore in the half-year ended September 2025, indicating a strong improvement in profitability.

Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.