Support and Resistance Levels
Past performance
About Monolithisch India Ltd Monolithisch India Limited, established in August 2018 as a private company, transitioned to a public limited entity in November 2024. The company specializes in manufacturing and supplying high-quality ramming mass, a critical heat insulation and lining material used as a refractory consumable for induction furnaces in iron, steel, and foundry plants. Monolithisch operates predominantly in Eastern India, catering to major customers in states like West Bengal, Jharkhand, and Odisha. Its primary manufacturing facility is located in Purulia, West Bengal, where operations began during FY 2018-19.
The company’s core product, specialized ramming mass, plays a vital role in the production process by providing thermal insulation between the induction furnace's coil and molten steel, ensuring efficiency and safety in steel production. While manufacturing is its main focus, Monolithisch occasionally engages in product trading to meet urgent customer demands. The business has shown consistent growth, with production capacity expanded to an estimated 132,000 MTPA in FY 2023-24.
Monolithisch India Limited is preparing an Initial Public Offering (IPO) to fund its operations and growth, planning a fresh issue of 57,36,000 equity shares valued at ₹10 each. The IPO could provide traders and investors with an opportunity to participate in the company's expansion in the niche refractory industry, which benefits from the growing demand for steel and iron production in India. With its strategic location and specialized product offering, the company is well-positioned to leverage regional industrial demand to drive further growth.