Last Updated:June 13, 2025, 13:31 IST
Monolithisch India IPO GMP: Unlisted shares of Monolithisch India Ltd are trading at Rs 189 apiece in the grey market, which is 32.17% premium over the IPO price of Rs 143.
Monolithisch India IPO.
Monolithisch India IPO Day 2: The initial public offering of Monolithisch India Ltd, which was opened for public subscription on June 12, has already been oversubscribed. Till 1:19 pm on the second day of bidding on Friday (June 13), the Rs 82.02-crore NSE SME IPO received a 4.51 times subscription, garnering bids for 1,72,20,000 shares as against 38,15,000 shares on offer.
The retail and NII participation stood at 5.82 times and 2.82 times, respectively. Its qualified institutional buyer (QIB) category got a 3.50 times subscription.
Monolithisch India Ltd, founded in August 2018, manufactures specialised ramming mass used as heat insulation in induction furnaces for the iron, steel, and foundry industries. It has major clients in eastern India and a production unit in Purulia, West Bengal.
The three-day IPO will be closed on Monday, June 16. It received a 2.26 times subscription on the first day of bidding on Thursday.
Monolithisch India IPO Price
The price has been fixed in the range of Rs 143 apiece.
Monolithisch India IPO GMP Today
According to market observers, unlisted shares of Monolithisch India Ltd are currently trading at Rs 189 apiece in the grey market, which is a 32.17% premium or GMP over the IPO price of Rs 143. It indicates listing gains for investors on June 19, the tentative listing date.
The shares will be listed on the NSE’s SME platform.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Monolithisch India IPO Lot Size
The minimum lot size for an application is 1,000. The minimum amount of investment required by retail investors is Rs 1,43,000. The bidding can be done in multiple of 3,000.
Monolithisch India IPO: More Info
Monolithisch India IPO is a book-built issue worth Rs 82.02 crore, consisting entirely of a fresh issue of 54.48 lakh shares.
The IPO opened for subscription on June 12, 2025, and will close on June 16, 2025. Allotment is expected on June 17, and the shares are likely to be listed on the NSE SME platform on June 19, 2025.
Hem Securities Limited is the book-running lead manager, Kfin Technologies is the registrar, and Hem Finlease Private Limited is the market maker for the issue.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso… Read More
- First Published:
#Monolithisch #India #IPO #Day #Check #Subscription #Status #GMP #Today
