Monolithisch India Promoter Sees 3,390% Gains as Stock Surges 243% Post-IPO
Monolithisch's promoter Prabhat Tekriwal mints 3,390% returns as SNE stock delivers 243% over IPO price
The Economic TimesImage: The Economic Times
Prabhat Tekriwal, promoter of Monolithisch India, has seen his investment skyrocket by 3,390%, now valued at approximately ₹100 crore after an initial investment of ₹2.86 crore. The company's stock, listed on the NSE Emerge platform, has risen 243% from its IPO price, reflecting strong market performance despite recent corrections.
- 01Prabhat Tekriwal's stake in Monolithisch India surged 3,390% in value.
- 02The stock is currently trading at around ₹490, up 243% from its IPO price.
- 03Monolithisch India serves over 80% of integrated steel plants in India.
- 04Analysts suggest cautious optimism as the stock remains in a corrective phase.
- 05A breakout above the ₹500 mark could signal a trend change.
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Prabhat Tekriwal, the promoter of Monolithisch India, has achieved remarkable gains with his pre-IPO investment of ₹2.86 crore, now worth around ₹100 crore due to a 3,390% increase in value. His stake, which initially comprised 12.99% of the company, has decreased to 9.89% as he holds over 21.50 lakh shares. Monolithisch India, established in 2018, specializes in producing high-quality ramming mass, crucial for secondary steel manufacturing, and claims to supply to more than 80% of integrated steel plants in India. The stock debuted on the NSE Emerge platform on June 19, 2025, at ₹231.55, and has since risen 243% from its IPO price range of ₹135-₹143, currently trading around ₹490. Despite hitting an all-time high of ₹607.40 on November 21, the stock has corrected by 21%. Analysts, including Dr. Ravi Singh from Master Capital Services, note that while the stock shows signs of recovery, it remains within a broader corrective phase. Caution is advised as the stock approaches a critical resistance zone between ₹480-₹500, where a breakout could indicate a shift in trend.
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The significant rise in Monolithisch India's stock value could benefit investors and stakeholders, impacting market perceptions of the SME sector in India.
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