Monomark Engineering Seeks Funding Through Capital Markets in Planned Initial Public Offering
Monomark Engineering Files Preliminary Papers for IPO
Monomark Engineering (India), a Rajasthan-based industrial operations and maintenance services provider, has taken a significant step towards raising funds by filing preliminary papers with the Securities and Exchange Board of India (SEBI) on March 30.
The public issue, which will consist of an entirely fresh issue of 2.7 crore equity shares with no offer-for-sale component, is aimed at raising funds to meet the company's incremental working capital requirements and general corporate purposes. Out of the total IPO proceeds, Rs 111 crore will be utilized for working capital requirements, while the remainder will be used for general corporate purposes.
Monomark Engineering offers a range of services, including industrial operations and maintenance (O&M), industrial project execution services, and metal fabrication solutions, to several industrial clients in sectors such as metals, cement, ports, and engineering/OEMs. The company's business is divided into three main segments: industrial operations and maintenance services, industrial project execution services, and metal fabrication solutions and others.
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| Segment | Revenue Contribution (Last Financial Year) |
|---|---|
| Industrial Operations and Maintenance Services | 65% |
| Industrial Project Execution Services | 27% |
| Metal Fabrication Solutions and Others | Remaining part of business |
As of February 2026, the company had a total of 28 ongoing projects, comprising 20 O&M projects and 8 industrial execution projects. Additionally, Monomark Engineering has a running unexecuted order book of Rs 1,095.4 crore.
The company's financial performance has been strong in recent years. The profit for the fiscal year 2025 increased by 22.8 percent to Rs 18.2 crore from Rs 14.8 crore in the previous year. Revenue in the same period soared 21.8 percent to Rs 475 crore from Rs 389.8 crore. Furthermore, the profit in the six months period ended September 2025 stood at Rs 12.4 crore on revenue of Rs 257.9 crore.
The merchant banker managing the Monomark Engineering IPO will be Holani Consultants.
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