B.D. Industries (Pune) Limited Launches SME IPO to Fuel Growth...
23 Jul, 2025
Monolithisch India, headquartered in West Bengal, is a prominent manufacturer of ramming mass that is used in the iron and steel industry. Now the company has announced its IPO, which will open on June 12, 2025. The company is planning to raise ₹82.02 crore from the public while issuing 57.3 lakh new equity shares. So there is no OFS, which means all the IPO proceeds will go directly to support the company's growth initiatives.
The IPO has been structured for a diverse investor base. There is a 50% allocation for qualified institutional buyers(QIBs), along with 35% for retail investors and 15% for non-institutional investors. The price band for the offering has been set at ₹134-143 per equity share, with a minimum application size of 1,000 shares. This means retail investors must invest at least ₹1,35,000 to participate in the IPO.
The subscription window for the Monolithisch India IPO will open on June 12 and close on June 16. The basis of allotment is expected to be finalized by June 17, and the company aims to list its shares on the NSE SME platform by June 19. Kfin Technologies has been appointed as the registrar for the issue, and Hem Securities is the sole book-running lead manager.
As per the DRHP of Monolithisch India, it mentions the uses of IPO proceeds. A significant portion, i.e. ₹16.57 crore will be used for establishing a new manufacturing facility that includes land acquisition, factory construction and installation of additional machinery required for the facility. Similarly ₹27.89 crore from ₹82.02 crore will be used for investing in the company’s subsidiary Metalurgica India’s capital expenditure. Apart from these, ₹20 crore has been set aside for working capital requirements and the rest of the IPO proceeds will be used for general corporate purposes.
The company has shown strong financial growth during previous years, It has reported a revenue of ₹97.34 crore in fiscal year 2025, which was a 41% increase from the previous year. Its EBITDA rose to ₹21.06 crore while profit after tax has seen a surge of 70%, making it to 14.48 crore. The strong performance of Monolithisch India with its expansion plan positions it as one of the best companies in the industrial material sector
With its IPO, Monolithisch India is poised to strengthen its presence in the ramming mass market and support the growing needs of the iron and steel industry in Eastern India and beyond. The company’s clear strategy for expansion and strong financials make this offering noteworthy for investors seeking new opportunities in the sector.
