New Delhi, June 19 (H.S.): Monolithisch India, a ramming mass producer for the steel industry, saw a strong stock market debut today. Shares were issued at ₹143 in its IPO and opened on the NSE's SME platform at ₹231.55, a 61.92% premium. They quickly surged to an upper circuit level of ₹243.10, offering investors a 70% gain on the first day. The IPO, totaling ₹82.02 crore, was open from June 12 to 16 and achieved an impressive overall subscription of 182.89 times. The QIB portion was subscribed 129.20 times, while the NII segment saw a 459.99 times subscription, and retail investor allocation was subscribed 94.71 times. A total of 5.448 million new shares with a face value of ₹10 were issued. Proceeds will fund a new manufacturing facility, working capital, and other corporate needs. Monolithisch India's financials indicate robust health, with net profits rising from ₹4.54 crore in FY 2022-23 to ₹14.49 crore in FY 2024-25, alongside a CAGR revenue growth exceeding 52%, reaching ₹97.49 crore.

Hindusthan Samachar / Jun Sarkar