Monarch Surveyors IPO To Open on July 22nd

July 17, 2025 – Monarch Surveyors and Engineering Consultants, a civil engineering consultancy firm based in Maharashtra, will launch its initial public offering (IPO) on Tuesday, July 22, 2025. The IPO, valued at ₹93.75 crore, consists entirely of a fresh issue of 3.75 million equity shares, with no offer-for-sale component.

IPO Price Band and Lot Size

• Price Band: The company has set the price band between ₹237 and ₹250 per equity share.
• Lot Size: The minimum lot size for the IPO is 600 equity shares.
• Retail Investment: Two lots (1,200 shares) will cost ₹1,50,000 at the lower price band and ₹3,00,000 at the upper band.
• HNI Investment: High-net-worth individuals need to invest a minimum of ₹4,50,000 for three lots (1,800 shares).

Subscription and Listing Schedule

• Bidding Window: The three-day bidding is scheduled to close on Thursday, July 24, 2025.
• Allotment Date: Share allotment is expected to be finalized on Friday, July 25, 2025.
• Listing Date: The stock is likely to be listed on the BSE SME platform on Tuesday, July 29, 2025.

Category-Wise Quota Allocation

As per the Red Herring Prospectus (RHP):

• Up to 50% of the issue is reserved for Qualified Institutional Buyers (QIBs)
• At least 35% is set aside for retail investors
• 15% is earmarked for Non-Institutional Investors (NIIs)

Registrar and Lead Manager

• Registrar: Bigshare Services
• Lead Manager: Beeline Capital Advisors (sole book-running lead manager).

Use of IPO Proceeds

Monarch Surveyors plans to utilize the net proceeds from the IPO for:

• Purchasing new machinery
• Working capital requirements
• General corporate purposes.

Financial Highlights

In FY25, the company reported:

• Revenue from operations: ₹154.13 crore (up 10% YoY)
• Profit after tax (PAT): ₹34.83 crore (up 16% YoY from ₹30 crore in FY24).

About Monarch Surveyors

Established in 1992, Monarch Surveyors and Engineering Consultants provides end-to-end civil engineering consultancy services, covering:

• Survey, design, and technical supervision for infrastructure projects such as roads, railways, metros, ports, water systems, and transmission lines
• Specialized offerings in land acquisition services, geospatial mapping, geo-technical investigation, and special inspections

The company has successfully executed projects across sectors including railways, oil & gas, and town planning, supported by a skilled workforce in project management, land surveying, and construction supervision.

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