Monarch Surveyors IPO is a book building 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.
Monarch Surveyors IPO Details
| IPO Date | July 22, 2025 to July 24, 2025 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price Band | ₹237 to ₹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 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 |
Monarch Surveyors IPO Reservation
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, 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 |
|---|---|
| Retail Shares Offered | 12,40,800 (33.09%) |
| Total Shares Offered | 37,50,000 (100.00%) |
Investor Category Reservations
| Application Category | Bidding Limits |
|---|---|
| Only Individual investor (retail) | 2 lots |
| Only sNII | 3 lots - 6 lots |
| Only bNII | 7 lots and above |
* Bidding at cut-off price is not allowed for any category
Monarch Surveyors IPO Anchor Investors Details
Monarch Surveyors IPO raises ₹26.54 crore from anchor investors. Monarch Surveyors IPO Anchor bid date is July 21, 2025.
| 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 Timeline (Tentative Schedule)
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 July 24, 2025 |
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 | 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 Promoter Holding
Mr. Dattatraya Mohaniraj Karpe, Mr. Sanjay Bhalchandra Vidwans, Mr. Sunil Shrikrishna Bhalerao and Mr. Bhartesh Rajkumar Shah are the promoters of the company.
| Share Holding Pre Issue | 98.42% |
| Share Holding Post Issue | 72.35% |
About Monarch Surveyors & Engineering Consultants Ltd.
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
Company 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 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 |
| Amount in ₹ Crore | |||
Key Performance Indicator (KPI)
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 |