According to The Economic Times, Prabhat Tekriwal, promoter of Monolithisch India, has achieved remarkable returns on his investment. His pre-IPO stake of 12.99%, comprising over 20.79 lakh shares, has surged 3,390% in value and is now worth around ₹100 crore, compared to an initial investment of ₹2.86 crore in acquiring these shares. While Tekriwal's shares have increased to over 21.50 lakh shares, his holding in the company has come down to 9.89% as per the NSE shareholding data. His average cost of acquisition per share stood at ₹13.75 according to the company's Red Herring Prospectus filed with the market regulator.
As reported by The Economic Times, Monolithisch India, an SME company that produces remixed high-quality ramming mass manufacturer in India, was founded in 2018 as part of the Mineral group of companies. The company claims to be a supplier to more than 80% of integrated steel plants, contributing to the majority of secondary steel manufacturing. The stock was listed on the NSE Emerge platform on June 19, 2025, and is currently trading around ₹490, implying gains of 243% over the IPO price band of ₹135-₹143. The stock made its market debut at ₹231.55, recording an impressive listing premium of 62%.
According to The Economic Times, Dr. Ravi Singh, Chief Research Officer from Master Capital Services, highlighted a smart recovery shown by the stock after dipping to levels below 400. "Monolithisch India has bounced back quite well from its recent lows, climbing up toward the 480 zone after dipping below 400 earlier. The recent move looks encouraging, with momentum improving and RSI picking up, which shows that buyers are stepping in again, at least in the short term." However, he cautioned that the stock is still within a broader corrective phase and hasn't convincingly crossed its previous lower highs. The 480-500 zone now becomes important, which he described as a "strong resistance area" where a clear breakout could change the trend.
As reported by The Economic Times, the stock hit its all-time high of ₹607.40 (closing basis) on November 21, but has corrected 21% from the peak price. On the fundamentals side, earnings growth remains decent, but valuations are on the higher side, and the recent stake trimming by a key investor adds a layer of caution. Singh advised that "it's better to stay cautiously optimistic than aggressively bullish here," suggesting a wait-and-watch approach given the current market conditions and technical indicators.
