Bookbuilding IPO | ₹94 Cr | Listed at BSE SME | Tue, Jul 22, 2025 - Thu, Jul 24, 2025
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 per share. The lot size for an application is 600. The minimum amount of investment required by an individual investor (retail) is ₹3,00,000 (1,200 shares) (based on upper price). The minimum lot size for investment in 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 Open
Tue, Jul 22, 2025
IPO Close
Thu, Jul 24, 2025
Issue Price
₹250 per share
Market Cap (Pre-IPO)
₹353.90 Cr
| IPO Date | 22 to 24 Jul, 2025 |
| Listed on | Tue, Jul 29, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹237 to ₹250 |
| Issue Price | ₹250 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 37,50,000 shares (agg. up to ₹94 Cr) |
| Reserved for Market Maker | 2,07,000 shares Spread X Securities Pvt.Ltd. (agg. up to ₹5 Cr) |
| Fresh Issue (Ex Market Maker) | 35,43,000 shares (agg. up to ₹89 Cr) |
| Net Offered to Public | 35,43,000 shares (agg. up to ₹89 Cr) |
| Share Holding Pre Issue | 1,04,06,000 shares |
| Share Holding Post Issue | 1,41,56,000 shares |
| BSE Script Code | 544453 |
| ISIN | INE0V0L01028 |
Monarch Surveyors IPO comprises a total issue size of 37,50,000 shares. The net offer to the public is 35,43,000 shares, after excluding 2,07,000 shares allotted on a firm basis. Of the Net offer 17,69,400 (49.94%) are allocated to QIB, 5,32,800 (15.04%) allocated to NII 12,40,800 (35.02%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 17,69,400 | 49.94% | 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 | 15.04% | 14.21% |
| − bNII > ₹10L | 3,55,200 | 9.47% | |
| − sNII < ₹10L | 1,77,600 | 4.74% | |
| Retail Shares Offered | 12,40,800 | 35.02% | 33.09% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,07,000 | 5.52% | |
| Total Shares Offered | 37,50,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples of 600 shares thereof.
| 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 |
Monarch Surveyors IPO raises ₹26.54 crore from anchor investors. Monarch Surveyors IPO Anchor bid date is July 21, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Jul 21, 2025 |
| Shares Offered | 10,61,400 |
| Anchor Portion (₹ Cr.) | 26.54 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Aug 24, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Oct 23, 2025 |
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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
| KPI | Mar 31, 2025 |
|---|---|
| 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 (₹) | 33.47 | 24.61 |
| P/E (x) | 7.47 | 10.16 |
| Promoter Holding | 98.42% | 72.35% |
| Market Cap | ₹353.90 Cr. |
The Monarch Surveyors IPO is subscribed 250.65 times on July 24, 2025 5:04:45 PM (Day 3). The public issue subscribed 263.01 times in the individual investors category, 179.01 times in the QIB category, and 317.05 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 179.01 | 7,08,000 | 12,67,38,600 | 0 |
| NII* | 317.05 | 5,32,800 | 16,89,22,800 | 0 |
| bNII (bids above ₹10L) | 364.02 | 3,55,200 | 12,93,01,200 | 3,21,096 |
| sNII (bids below ₹10L) | 224.26 | 1,77,600 | 3,98,28,600 | 3,21,096 |
| Individual Investors | 263.01 | 12,40,800 | 32,63,44,800 | 0 |
| Total | 250.65 | 24,81,600 | 62,20,06,200 | 3,21,096 |
Total Application : 3,21,096
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees including underwriting commission | 6.81 |
| 2 | Brokerage, selling, commission and upload fees | 0.01 |
| 3 | Registrar to the issue | 0.03 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and Marketing expenses | 1.00 |
| 6 | Regulators including stock exchanges | 0.05 |
| 7 | Printing and distribution of issue stationery | 0.02 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 1.00 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹250.00 |
| Open | ₹421.25 |
| Low | ₹400.20 |
| High | ₹435.00 |
| Last Trade | ₹400.20 |
Lead Manager Reports
Monarch Surveyors IPO is a SME IPO of 37,50,000 equity shares of the face value of ₹10 aggregating up to ₹94 Crores. The issue is priced at ₹250 per share. The minimum order quantity is 600.
The IPO opens on Tue, Jul 22, 2025, and closes on Thu, Jul 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 Tue, Jul 22, 2025 and closes on Thu, Jul 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 Mon, Jul 28, 2025. Check the Monarch Surveyors IPO allotment status.
The Monarch Surveyors IPO listing date is on Tue, Jul 29, 2025.
