Monarch Surveyors IPO
Monarch Surveyors IPO
Overview
Monarch Surveyors IPO is a bookbuilding of ₹93.75 crores. The issue is entirely a fresh issue of 37.50 lakh shares. Monarch Surveyors IPO opens for subscription on July 22, 2025 and closes on July 24, 2025. The allotment for the Monarch Surveyors IPO is expected to be finalized on Friday, July 25, 2025. Monarch Surveyors IPO will be list on BSE SME with a tentative listing date fixed as Tuesday, July 29, 2025. Monarch Surveyors IPO price band is set at ₹237 to ₹250 per share. The lot size for an application is 600. The minimum amount of investment required by an individual investor (retail) is ₹2,84,400 (1,200 shares). The minimum lot size investment for HNI is 3 lots (1,800 shares) amounting to ₹4,50,000. Beeline Capital Advisors Pvt Ltd is the book-running lead manager of the Monarch Surveyors IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.The market maker for Monarch Surveyors IPO is Spread X Securities Private Limited.
Total Shares
37,50,000
Issue Size
₹93.75 Cr
Price Band
₹250 – ₹250
Lot Size
600 shares
Min. Investment
₹3,00,000
Max. Investment
₹3,00,000
Open Date
22 Jul, 2025
Close Date
24 Jul, 2025
Allotment
25 Jul, 2025
Listing
29 Jul, 2025
Max. Investment
₹3,00,000
Announced
22 Jul, 2025
Opening Date
22 Jul, 2025
Closing Date
24 Jul, 2025
Basis of Allotment
25 Jul, 2025
Initiation of Refunds
28 Jul, 2025
Credit of Shares
28 Jul, 2025
Listing Date
29 Jul, 2025
Live GMP
Est. Listing: ₹460
Apply via UPI in 5 minutes
Choose your broker • Zero commission on IPO
About Monarch Surveyors IPO
Incorporated in 1992, Monarch Surveyors & Engineering Consultants Limited is a civil engineering consultancy firm.
The company offers comprehensive services spanning topographic surveys, project management consultancy, design and engineering, geotechnical investigations, land acquisition, GIS mapping, and feasibility studies.
The company has successfully executed projects across various sectors, including railways, roads, ports, and oil & gas.
The company provides co
Monarch Surveyors IPO Share Price
Issue Breakdown
Shareholding
Dilution: 36.0% increase in shares
Monarch Surveyors IPO Promoters Holding
Monarch Surveyors IPO Financial Health
Monarch Surveyors & Engineering Consultants Ltd.'s revenue increased by 10% and profit after tax (PAT) rose by 16% between the financial year ending with March 31, 2025 and March 31, 2024.
Monarch Surveyors IPO Lot Size
Investors can bid for a minimum of 1,200 shares and in multiples of 600 shares thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1200 | ₹3,00,000 |
| Individual investors (Retail) (Max) | 2 | 1200 | ₹3,00,000 |
| S-HNI (Min) | 3 | 1800 | ₹4,50,000 |
| S-HNI (Max) | 6 | 3600 | ₹9,00,000 |
| B-HNI (Min) | 7 | 4200 | ₹10,50,000 |
(All values in CR)
Monarch Surveyors IPO Valuations
The market capitalization of Monarch Surveyors IPO is ₹353.90 Cr. KPI as of Mon, Mar 31, 2025.
| Metric | Value |
|---|---|
| ROE | 32.01 |
| ROCE | 39.59 |
| Debt/Equity | 0.13 |
| RoNW | 32.01 |
| PAT Margin | 22.60 |
| EBITDA Margin | 33.15 |
| Price to Book Value | 2.39 |
(All values in CR)
Monarch Surveyors IPO Strength & Risk
Monarch Surveyors IPO Strength:
Strong financial growth
Revenue jumped 10% from ₹139.5 cr (FY24) to ₹154.1 cr (FY25)
PAT climbed 16% to ₹34.83 cr, with robust margins (PAT 22.6%, EBITDA 33%).
Well‑diversified infrastructure services
Offers comprehensive services like topographic surveys, GIS mapping, geotechnical studies, project management, covering roads, railways, ports, oil & gas sectors.
Experienced promoters & low leverage
Established in 1992 with seasoned management.
Debt‑to‑equity ratio is low (0.13), indicating minimal financial risk.
Strategic use of IPO proceeds
Funds to be utilised for purchasing machinery, working capital and general corporate needs.
Monarch Surveyors IPO Risk:
High valuation via grey‑market premium
Grey‑market premium (GMP) currently at approx. ₹150, or ~60% above upper IPO band—suggesting overheated expectations which could reverse if listing underperforms.
SME segment limitations
Listing on BSE‑SME platform may mean low liquidity and higher volatility.
Sector and execution risk
Performance tied to infrastructure spending and project timelines; delays or slippages could impact revenue.
First-time public issue
Lacks prior market trading history; post‑listing sentiment could sway pricing significantly.
Monarch Surveyors IPO Subscriptions Status
Monarch Surveyors IPO subscribed 250.65 times. The public issue subscribed 263.01 times in the individual investors category, 179.01 times in QIB, and 317.05 times in the NII category by July 24, 2025 4:24:36 PM (Day 3).
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Rs Cr.) |
|---|---|---|---|---|
| Anchor | 1.00 | 10,61,400 | 10,61,400 | 26.54 |
| Market Maker | 1.00 | 2,07,000 | 2,07,000 | 5.18 |
| Qualified Institutions | 179.01 | 7,08,000 | 12,67,38,600 | 3 |
| Non-Institutional Buyers | 317.05 | 5,32,800 | 16,89,22,800 | 4 |
| bNII (bids above ₹10L) | 364.02 | 3,55,200 | 12,93,01,200 | 3 |
| sNII (bids below ₹10L) | 224.26 | 1,77,600 | 3,98,28,600 | 995.72 |
| Individual Investors (IND category bidding for 2 Lots) | 263.01 | 12,40,800 | 32,63,44,800 | 8 |
| Total | 250.65 | 24,81,600 | 62,20,06,200 | 15 |
Monarch Surveyors IPO GMP
Monarch Surveyors SME IPO last GMP is ₹210, last updated Jul 24th 2025 02:53 PM. With the price band of 250.00, Monarch Surveyors SME IPO's estimated listing price is ₹460 (cap price + today's GMP).The expected percentage gain/loss per share is 84.00%. >> Monarch Surveyors SME IPO Retail Subject to Sauda: ₹95800 The lowest GMP is ₹135.00, while the highest GMP is ₹210.00.
Last updated 24 Jul, 2025 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 24 Jul, 2025 | 250 | ₹210 | 95800 | ₹460 (84.00%) | 126000 | 24 Jul, 2025 |
| 24 Jul, 2025 | 250 | ₹210▲ | 95800 | ₹460 (84.00%) | 126000 | 24 Jul, 2025 |
| 23 Jul, 2025 | 250 | ₹180▲ | 82100 | ₹430 (72.00%) | 108000 | 23 Jul, 2025 |
| 22 Jul, 2025 | 250 | ₹165▲ | 75200 | ₹415 (66.00%) | 99000 | 22 Jul, 2025 |
| 21 Jul, 2025 | 250 | ₹160▲ | 73000 | ₹410 (64.00%) | 96000 | 21 Jul, 2025 |
| 20 Jul, 2025 | 250 | ₹135 | 61600 | ₹385 (54.00%) | 81000 | 20 Jul, 2025 |
| 19 Jul, 2025 | 250 | ₹135▼ | 61600 | ₹385 (54.00%) | 81000 | 19 Jul, 2025 |
| 18 Jul, 2025 | 250 | ₹150 | 68400 | ₹400 (60.00%) | 90000 | 18 Jul, 2025 |
| 17 Jul, 2025 | 250 | ₹150 | 68400 | ₹400 (60.00%) | 90000 | 17 Jul, 2025 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Monarch Surveyors IPO
Login to Your Trading App
Open Zerodha, Upstox, Groww, Angel One, or any brokerage app.
Go to IPO Section
Find Monarch Surveyors IPO under the IPO section. Select it and enter your bid details — choose lot size and price (cut-off price recommended).
Enter UPI ID and Submit
Provide your UPI ID linked to your bank account and submit the application.
Approve Mandate on UPI App
Open your UPI app (Google Pay, PhonePe, Paytm, BHIM) and approve the IPO payment request.
Application Confirmed
Your funds will be blocked in your account until the IPO allotment process is completed.