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Monarch Surveyors IPO vs Radiant Innovative IPO

Comparison between Monarch Surveyors IPO and Radiant Innovative IPO.

IPO Details

Monarch Surveyors IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Radiant Innovative IPO is a SME Bookbuilding proposed to list at BSE SME.

 Monarch Surveyors IPORadiant Innovative IPO
LogoMonarch Surveyors IPO LogoRadiant Innovative IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Narnolia Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerSpread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL

Issue Size and Price

The total issue size of Monarch Surveyors IPO is up to ₹88.58 Cr whereas the issue size of the Radiant Innovative IPO is up to ₹0.00 Cr. The final issue price of Monarch Surveyors IPO is ₹250.00 per share and of Radiant Innovative IPO is .

 Monarch Surveyors IPORadiant Innovative IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹237.00 per share
Issue Price (Upper)₹250.00 per share
Issue Price (Final)₹250.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size600 shares
Fresh Issue Size35,43,000 shares46,26,000 shares
Fresh Issue Size (Amount)up to ₹88.58 Crup to ₹0.00 Cr
OFS Issue Size0 shares6,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total35,43,000 shares52,26,000 shares
Issue Size Total (Amount)up to ₹88.58 Crup to ₹0.00 Cr

IPO Timetable

Monarch Surveyors IPO opens on Jul 22, 2025, while Radiant Innovative IPO opens on . The closing date of Monarch Surveyors IPO and Radiant Innovative IPO is Jul 24, 2025, and , respectively.

 Monarch Surveyors IPORadiant Innovative IPO
Anchor Bid DateJul 21, 2025
Issue OpenJul 22, 2025
Issue CloseJul 24, 2025
Basis Of Allotment (Tentative)Jul 25, 2025
Initiation of Refunds (Tentative)Jul 28, 2025
Credit of Share (Tentative)Jul 28, 2025
Listing date (Tentative)Jul 29, 2025
Anchor Lockin End date 1Aug 24, 2025
Anchor Lockin End date 2Oct 23, 2025

Financials & KPIs

Monarch Surveyors IPO P/E ratio is 7.47, as compared to Radiant Innovative IPO P/E ratio of .

 Monarch Surveyors IPORadiant Innovative IPO
Financials

Monarch Surveyors & Engineering Consultants Ltd. Financial Information (Restated)

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.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets148.06102.1264.51
Total Income155.66141.2772.72
Profit After Tax34.8330.018.59
EBITDA51.1042.7811.68
Net Worth108.8073.9743.96
Reserves and Surplus98.4073.8843.88
Total Borrowing14.2912.968.37
Amount in ₹ Crore

Radiant Innovative Manufacturing Limited Financial Information (Restated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets166.61136.48133.18
Total Income216.63204.15168.26
Profit After Tax83.38-1.86
Net Worth53.5630.82-20.07
Reserves and Surplus59.1645.712.22
Total Borrowing37.6540.5574.85
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)98.4255.18
Promoter Shareholding (Post-Issue)72.3539.29
P/E Ratio7.47
Market Cap₹353.90 Cr.
ROE32.01%15.23%
ROCE39.59%20.68%
Debt/Equity0.130.62
EPS₹33.47
RoNW32.01%15.23%

Shares Offered

In the Monarch Surveyors IPO Retail Individual Investors (RII) are offered 12,40,800 shares while in Radiant Innovative IPO retail investors are offered 12,40,800 shares. Qualified Institutional Buyers (QIB) are offered 7,08,000 shares in Monarch Surveyors IPO and in Radiant Innovative IPO.

 Monarch Surveyors IPORadiant Innovative IPO
Anchor Investor Reserveration10,61,400 shares
Market Maker Reserveration2,07,000 shares2,61,600 shares
QIB7,08,000 shares
NII5,32,800 shares
RII12,40,800 shares
Employee0 shares
Others
Total35,43,000 shares

Bids Received (Subscription)

Monarch Surveyors IPO subscribed 250.65x in total, whereas Radiant Innovative IPO subscribed .

 Monarch Surveyors IPORadiant Innovative IPO
QIB (times)179.01x
NII (times)317.05x
Big NII (times)364.02x
Small NII (times)224.26x
RII (times)263.01x
Employee (times)
Other (times)
Total (times)250.65x