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Monarch Surveyors IPO is a book build issue of ₹93.75 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹93.75 crore.
Monarch Surveyors IPO bidding started from Jul 22, 2025 and ended on Jul 24, 2025. The allotment for Monarch Surveyors IPO was finalized on Jul 25, 2025. The shares got listed on BSE SME on Jul 29, 2025.
Monarch Surveyors IPO price band is set at ₹250.00 per share . The lot size for an application is 600. The minimum amount of investment required by an individual investor (retail) is ₹2,84,400.00 (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 and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Spread X Securities Pvt.Ltd..
Refer to Monarch Surveyors IPO RHP for detailed Information.
| IPO Date | July 22, 2025 to July 24, 2025 |
| Listing Date | July 29, 2025 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹237 to ₹250 per share |
| Issue Price Final | ₹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 Spread X Securities Pvt.Ltd. (aggregating up to ₹5.18 Cr) |
| 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 |
Monarch Surveyors IPO offers total 37,50,000 shares. Out of which 17,69,400 (47.18%) allocated to QIB, 7,08,000 (18.88%) allocated to QIB (Ex- Anchor), 5,32,800 (14.21%) allocated to NII, 12,40,800 (33.09%) allocated to RII and 10,61,400 (28.30%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| 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%) |
Monarch Surveyors IPO raises ₹26.54 crore from anchor investors. Monarch Surveyors IPO Anchor bid date is July 21, 2025. Monarch Surveyors IPO Anchor Investors list
| Bid Date | July 21, 2025 |
| Shares Offered | 10,61,400 |
| Anchor Portion Size (In Cr.) | 26.54 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 24, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 23, 2025 |
Monarch Surveyors IPO opens on July 22, 2025, and closes 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 Thu, Jul 24, 2025 |
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 | 1,200 | ₹3,00,000 |
| Individual investors (Retail) (Min) | 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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:
As of March 31, 2024, the company has a total 417 Employees.
Competitive Strengths:
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 Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 148.06 | 102.12 | 64.51 |
| Total Income | 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 |
| Amount in ₹ Crore | |||
The market capitalization of Monarch Surveyors IPO is ₹353.90 Cr.
KPI as of Mon, Mar 31, 2025.
| KPI | Values |
|---|---|
| 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 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 33.47 | 24.61 |
| P/E (x) | 7.47 | 10.16 |
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 crores) |
|---|---|---|
| 1 | Funding capital expenditure requirement for purchase of machinery | 31.99 |
| 2 | Funding Working Capital Requirement of the Company | 30.00 |
| 3 | General Corporate Purposes | 22.81 |
[Dilip Davda] MSECL is one of the leading comprehensive consultancy service providers with all related aspects. It marked growth in its top and bottom lines for the reported periods. It is able to generate higher margins because of its capability to provide all related services under one roof. Based on recent financial data, the issue appears reasonably priced Investors may park funds for medium to long term. Read detail review...
| Listing Date | July 29, 2025 |
| BSE Script Code | 544453 |
| NSE Symbol | |
| ISIN | INE0V0L01028 |
| Final Issue Price | ₹250 per share |
| BSE Listing Group | M |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹250.00 |
| Open | ₹421.25 |
| Low | ₹400.20 |
| High | ₹435.00 |
| Last Trade | ₹400.20 |
Monarch Surveyors & Engineering Consultants Ltd.
Monarch House, CTS No. 434/1,
Near Kawade Petrol Pump, Ghorpadi Gaon,
Hadapsar (N.V.), Haveli,
Pune, Maharashtra, 411036
Phone: +91 9766509911
Email: cs@monarchpune.in
Website: http://www.monarchconsultants.in/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Monarch Surveyors IPO is a SME IPO of 37,50,000 equity shares of the face value of ₹10 aggregating up to ₹93.75 Crores. The issue is priced at ₹250 per share. The minimum order quantity is 600.
The IPO opens on July 22, 2025, and closes on July 24, 2025.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Monarch Surveyors IPO using UPI as a payment gateway. Zerodha customers can apply in Monarch Surveyors IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Monarch Surveyors IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Monarch Surveyors IPO opens on July 22, 2025 and closes on July 24, 2025.
Monarch Surveyors IPO lot size is 600, and the minimum amount required for application is ₹3,00,000, with 2 lots being the minimum application size.
You can apply in Monarch Surveyors IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Monarch Surveyors IPO will be done on Friday, July 25, 2025, and the allotted shares will be credited to your demat account by Monday, July 28, 2025. Check the Monarch Surveyors IPO allotment status.
The Monarch Surveyors IPO listing date is on Tuesday, July 29, 2025.
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