Monarch Surveyors IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Jul 22 to Jul 24 2025
Price Band
₹250
Current GMP
₹421.25(+68.50%)
Subscription
250.65 times
IPO Details
| IPO Date | July 22, 2025 to July 24, 2025 |
| Listing Date | July 29, 2025 |
| Face Value | ₹10 per share |
| Issue Price | ₹250 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 37,50,000 shares (aggregating up to ₹93.75 Cr) |
| Reserved for Market Maker | 2,07,000 shares (aggregating up to ₹5.18 Cr)Spread X Securities Private Limited |
| Net Offered to Public | 35,43,000 shares (aggregating up to ₹88.58 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,04,06,000 shares |
| Share Holding Post Issue | 1,41,56,000 shares |
IPO Date
July 22, 2025 to July 24, 2025
Listing Date
July 29, 2025
Face Value
₹10 per share
Issue Price
₹250 per share
Lot Size
600 Shares
Sale Type
Fresh Capital
Total Issue Size
37,50,000 shares (aggregating up to ₹93.75 Cr)
Reserved for Market Maker
2,07,000 shares (aggregating up to ₹5.18 Cr)Spread X Securities Private Limited
Net Offered to Public
35,43,000 shares (aggregating up to ₹88.58 Cr)
Issue Type
Bookbuilding IPO
Listing At
BSE SME
Share Holding Pre Issue
1,04,06,000 shares
Share Holding Post Issue
1,41,56,000 shares
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 179.01 |
| Non-Institutional Buyers*** | 317.05 |
| bNII (bids above ₹10L) | 364.02 |
| sNII (bids below ₹10L) | 224.26 |
| Individual Investors (IND category bidding for 2 Lots) | 263.01 |
| Total ** | 250.65 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
179.01
Non-Institutional Buyers***
317.05
bNII (bids above ₹10L)
364.02
sNII (bids below ₹10L)
224.26
Individual Investors (IND category bidding for 2 Lots)
263.01
Total **
250.65
Day Wise Sub
| Day | QIB | NII* | NII (> ₹10L) | NII (< ₹10L) | Individual Investors | Total |
|---|---|---|---|---|---|---|
| Day 1 Jul 22, 2025 | 2.21 | 18.30 | 18.22 | 18.44 | 27.60 | 18.36 |
| Day 2 Jul 23, 2025 | 11.89 | 82.15 | 90.72 | 66.17 | 92.60 | 67.33 |
| Day 3 Jul 24, 2025 | 179.01 | 317.05 | 364.02 | 224.26 | 263.01 | 250.65 |
DayDay 1
Jul 22, 2025
QIB2.21
NII*18.30
NII (> ₹10L)18.22
NII (< ₹10L)18.44
Individual Investors27.60
Total18.36
DayDay 2
Jul 23, 2025
QIB11.89
NII*82.15
NII (> ₹10L)90.72
NII (< ₹10L)66.17
Individual Investors92.60
Total67.33
DayDay 3
Jul 24, 2025
QIB179.01
NII*317.05
NII (> ₹10L)364.02
NII (< ₹10L)224.26
Individual Investors263.01
Total250.65
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 29-07-2025 | 250.00 | 210(84.00%) | 460 |
| 28-07-2025 | 250.00 | 210(84.00%) | 460 |
| 27-07-2025 | 250.00 | 210(84.00%) | 460 |
| 26-07-2025 | 250.00 | 210(84.00%) | 460 |
| 25-07-2025 | 250.00 | 210(84.00%) | 460 |
| 24-07-2025 | 250.00 | 210(84.00%) | 460 |
| 23-07-2025 | 250.00 | 180(72.00%) | 430 |
| 22-07-2025 | 250.00 | 165(66.00%) | 415 |
| 21-07-2025 | 250.00 | 160(64.00%) | 410 |
| 20-07-2025 | 250.00 | 135(54.00%) | 385 |
| 19-07-2025 | 250.00 | 135(54.00%) | 385 |
| 18-07-2025 | 250.00 | 150(60.00%) | 400 |
| 17-07-2025 | 250.00 | 150(60.00%) | 400 |
Date29-07-2025
Price250.00
GMP210(84.00%)
Estimate List Price460
Date28-07-2025
Price250.00
GMP210(84.00%)
Estimate List Price460
Date27-07-2025
Price250.00
GMP210(84.00%)
Estimate List Price460
Date26-07-2025
Price250.00
GMP210(84.00%)
Estimate List Price460
Date25-07-2025
Price250.00
GMP210(84.00%)
Estimate List Price460
Date24-07-2025
Price250.00
GMP210(84.00%)
Estimate List Price460
Date23-07-2025
Price250.00
GMP180(72.00%)
Estimate List Price430
Date22-07-2025
Price250.00
GMP165(66.00%)
Estimate List Price415
Date21-07-2025
Price250.00
GMP160(64.00%)
Estimate List Price410
Date20-07-2025
Price250.00
GMP135(54.00%)
Estimate List Price385
Date19-07-2025
Price250.00
GMP135(54.00%)
Estimate List Price385
Date18-07-2025
Price250.00
GMP150(60.00%)
Estimate List Price400
Date17-07-2025
Price250.00
GMP150(60.00%)
Estimate List Price400
IPO Important Dates
| IPO Open Date | Tue, Jul 22, 2025 |
| IPO Close Date | Thu, Jul 24, 2025 |
| Tentative Allotment | Fri, Jul 25, 2025 |
| Initiation of Refunds | Mon, Jul 28, 2025 |
| Credit of Shares to Demat | Mon, Jul 28, 2025 |
| Tentative Listing Date | Tue, Jul 29, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 24, 2025 |
IPO Open Date
Tue, Jul 22, 2025
IPO Close Date
Thu, Jul 24, 2025
Tentative Allotment
Fri, Jul 25, 2025
Initiation of Refunds
Mon, Jul 28, 2025
Credit of Shares to Demat
Mon, Jul 28, 2025
Tentative Listing Date
Tue, Jul 29, 2025
Cut-off time for UPI mandate confirmation
5 PM on July 24, 2025
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1,200 | ₹3,00,000 |
| Individual investors (Retail) (Max) | 2 | 1,200 | ₹3,00,000 |
| S-HNI (Min) | 3 | 1,800 | ₹4,50,000 |
| S-HNI (Max) | 6 | 3,600 | ₹9,00,000 |
| B-HNI (Min) | 7 | 4,200 | ₹10,50,000 |
ApplicationIndividual investors (Retail) (Min)
Lots2
Shares1,200
Amount₹3,00,000
ApplicationIndividual investors (Retail) (Max)
Lots2
Shares1,200
Amount₹3,00,000
ApplicationS-HNI (Min)
Lots3
Shares1,800
Amount₹4,50,000
ApplicationS-HNI (Max)
Lots6
Shares3,600
Amount₹9,00,000
ApplicationB-HNI (Min)
Lots7
Shares4,200
Amount₹10,50,000
Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 148.06 | 102.12 | 64.51 |
| Revenue | 155.66 | 141.27 | 72.72 |
| Profit After Tax | 34.83 | 30.01 | 8.59 |
| EBITDA | 51.10 | 42.78 | 11.68 |
| Net Worth | 108.80 | 73.97 | 43.96 |
| Reserves and Surplus | 98.40 | 73.88 | 43.88 |
| Total Borrowing | 14.29 | 12.96 | 8.37 |
Period EndedPeriod Ended
31 Mar 202531 Mar 2025
31 Mar 202431 Mar 2024
31 Mar 202331 Mar 2023
Period EndedAssets
31 Mar 2025148.06
31 Mar 2024102.12
31 Mar 202364.51
Period EndedRevenue
31 Mar 2025155.66
31 Mar 2024141.27
31 Mar 202372.72
Period EndedProfit After Tax
31 Mar 202534.83
31 Mar 202430.01
31 Mar 20238.59
Period EndedEBITDA
31 Mar 202551.10
31 Mar 202442.78
31 Mar 202311.68
Period EndedNet Worth
31 Mar 2025108.80
31 Mar 202473.97
31 Mar 202343.96
Period EndedReserves and Surplus
31 Mar 202598.40
31 Mar 202473.88
31 Mar 202343.88
Period EndedTotal Borrowing
31 Mar 202514.29
31 Mar 202412.96
31 Mar 20238.37
Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio |
|---|---|---|---|---|---|---|
| Monarch Surveyors and Engineering Consultants Limited | 33.47 | 33.47 | 104.56 | 32.01 | ||
| Manglam Infra & Engineering Limited | 4.14 | 4.14 | 54.57 | 15.90 | 6.67 | 1.20 |
| Rudrabhishek Enterprises Limited | 7.69 | 7.69 | 83.06 | 23.53 | 8.99 | 2.18 |
Company NameMonarch Surveyors and Engineering Consultants Limited
EPS (Basic)33.47
EPS (Diluted)33.47
NAV (per share) (Rs)104.56
P/E (x)
RoNW (%)32.01
P/BV Ratio
Company NameManglam Infra & Engineering Limited
EPS (Basic)4.14
EPS (Diluted)4.14
NAV (per share) (Rs)54.57
P/E (x)15.90
RoNW (%)6.67
P/BV Ratio1.20
Company NameRudrabhishek Enterprises Limited
EPS (Basic)7.69
EPS (Diluted)7.69
NAV (per share) (Rs)83.06
P/E (x)23.53
RoNW (%)8.99
P/BV Ratio2.18
IPO Reservation
| Market Maker Shares Offered | 2,07,000 (5.52%) |
| QIB Shares Offered | 17,69,400 (47.18%) |
| − Anchor Investor Shares Offered | 10,61,400 (28.30%) |
| − QIB (Ex. Anchor) Shares Offered | 7,08,000 (18.88%) |
| NII (HNI) Shares Offered | 5,32,800 (14.21%) |
| − bNII > ₹10L | 3,55,200 (9.47%) |
| − sNII < ₹10L | 1,77,600 (4.74%) |
| Retail Shares Offered | 12,40,800 (33.09%) |
| Total Shares Offered | 37,50,000 (100.00%) |
Market Maker Shares Offered
2,07,000 (5.52%)
QIB Shares Offered
17,69,400 (47.18%)
− Anchor Investor Shares Offered
10,61,400 (28.30%)
− QIB (Ex. Anchor) Shares Offered
7,08,000 (18.88%)
NII (HNI) Shares Offered
5,32,800 (14.21%)
− bNII > ₹10L
3,55,200 (9.47%)
− sNII < ₹10L
1,77,600 (4.74%)
Retail Shares Offered
12,40,800 (33.09%)
Total Shares Offered
37,50,000 (100.00%)
Information about company
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 consultancy services across infrastructure projects, including surveying, design, technical supervision, and land acquisition in roads, highways, railways, metros, and geospatial mapping, ensuring accurate and efficient project execution.
Services:
Surveying and Mapping
Geo-Technical, Traffic, and other Engineering Investigation
Conceptualising, Design and Engineering
GIS-Based Land Planning and Land Acquisition Services
Detailed Project Report and Bid Process Management
As of March 31, 2024, the company has a total 417 Employees.
Competitive Strengths:
Experienced Promoter and Management Team
Wide Range of Services
Wide Range of Client Base
Optimal Utilization of Resources
Objectives of IPO
The Company Monarch Surveyors IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
S.No.
Objects of the Issue
Expected Amount (in Millions)
1
Funding capital expenditure requirement for purchase of machinery
319.89
2
Funding Working Capital Requirement of the Company
300
3
General Corporate Purposes
Disclaimer
All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions.
We are not a SEBI Registered analyst. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on Information published on this application.
No financial information whatsoever published anywhere, within this application, should be considered as advice to buy or sell securities or invest in IPOs, or as a guide to doing so in any way whatsoever
Please read all Tearms and conditions , and agree to use the App