Monolithisch Ind

Finavenue Growth Fund decreased its stake in Monolithisch Ind from 1.29% to 1.11%, selling 39,500 shares worth ₹2.95 Cr at ₹747.10 apiece.

A manufacturer of pre-mixed high-quality ramming mass and refractory materials, Monolithisch Ind serves industries requiring thermal management solutions. The company specializes in producing electrodes and refractories for steelmaking and other high-temperature applications. Operating since its incorporation in 2018, it focuses on delivering specialized materials for industrial furnaces and processing equipment. Its product portfolio addresses the critical needs of foundries, cement plants, steel mills, and metal processing facilities across India and beyond.

Managed by A9 Finsight, with around Rs 360 cr AUM and a top-of-category track record (+233 percent absolute return since July 2023, +132 percent in CY2024 vs CNX Smallcap +24 percent). Allocates ~45 percent to SME listings, ~35 percent to mainboard companies and ~20 percent to pre-IPO. Run by Abhishek Jaiswal, among India's youngest fund managers.