Redmi's upcoming monitor will be called the Redmi Monitor 1A, according to well-known leaker Ishan Agarwal. Much like the Mi Display 1A, it will also come with a 60Hz 23.8-inch IPS LCD panel. The monitor will reportedly cost around $85 and will be unveiled alongside a host of other products on May 26th.
https://www.notebookcheck.net/Leak-suggests-that-the-Redmi-Monitor-1A-is-a-cheaper-version-of-the-Mi-Display-1A.466500.0.html