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Monolithisch India IPO, Final Day: Check GMP, Subscription Status, Allotment Date And More
- The Monolithisch India IPO saw a grey market premium (GMP) of Rs 46 on June 16, indicating a potential listing gain of over 32%.
- The IPO was fully subscribed on Day 1 and oversubscribed over 8 times by Day 2, with significant interest from non-institutional investors and high demand on Day 3.
- Monolithisch India primarily manufactures products for induction furnaces, specializing in heat insulation refractory solutions.
- The IPO will raise Rs 82.02 crore through a fresh issue of 57.36 lakh shares with a price band of Rs 135 to Rs 143 per share.
- Subscription status on Day 3 showed oversubscription of 182.01 times, with strong interest from Qualified Institutions, Non-Institutional Buyers, and Retail Investors.
- The IPO's allotment status will be finalized on June 17, with shares being credited to successful bidders' Demat accounts on June 18, and listing on NSE SME platform on June 19.
- Investors can check the allotment status online from June 17, and the company plans to use IPO proceeds for various purposes including capital expenditure and working capital requirements.
- Monolithisch India reported a significant YoY rise in profit after tax (PAT) and total income for FY25 compared to FY24.
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