Monarch Surveyors IPO Receives Stellar Response on Day 2; Book Subscribed 67.33 Times

Mumbai, July 23, 2025 — The IPO of Monarch Surveyors and Engineering Consultants Ltd continued to draw exceptional demand on the penultimate day of bidding. The IPO is subscribed 67.33 times at 5:00 PM on Wednesday. The public issue was subscribed 92.60 times in the individual investors category, 11.89 times in the QIB category, and 82.15 times in the NII category by 05:00 PM.

The bidding momentum remains strong across the price band of ₹237–₹250, with cut-off bids dominating. The issue will close for subscription on July 24, 2025, and allotment is expected to be finalised on July 25.

Company Overview

Monarch Surveyors and Engineering Consultants Ltd, based in Pune and incorporated in 1999, is a prominent infrastructure consultancy firm. Its services include geospatial surveys, engineering design, DPR preparation, land acquisition services, and project management consultancy. The company serves multiple state and central agencies, including MSRDC, PMC, and NHAI, and was recognized among the Top 10 Engineering Consultants in India by Industry Outlook.

Considerations for Retail Investors

• Aggressive oversubscription—slightly more than 92× in retail—means many applicants will receive low allotment ratios.
• High entry amount—₹3 lakh minimum—underscores the importance of careful allocation and backup bidding.

What’s Next?

The IPO closes on Thursday, July 24, 2025, at 5:00 PM. The allotment is expected to be finalised by July 25, with refunds and demat credit slated for July 28. The stock is scheduled to list on the BSE SME platform on July 29.

With one day remaining for subscription, the IPO of Monarch Surveyors has already surpassed expectations, driven by overwhelming participation from retail and HNI investors. The final day of bidding is expected to see continued traction, especially from institutional buyers.

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