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Monarch Surveyors IPO

₹1,42,200/600 shares

Minimum Investment

IPO Details

Open Date

22 Jul 25

Close Date

24 Jul 25

Minimum Investment

1,42,200

Lot Size

600

Price Range

237 to ₹250

Listing Exchange

BSE

Issue Size

93.75 Cr

Listing Date

29 Jul 25

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Monarch Surveyors IPO Timeline

Bidding Start

22 Jul 25

Bidding Ends

24 Jul 25

Allotment Finalisation

25 Jul 25

Refund Initiation

28 Jul 25

Demat Transfer

28 Jul 25

Listing

29 Jul 25

Monarch Surveyors & Engineering Consultants Limited

Monarch Surveyors & Engineering Consultants Limited, incorporated in 1992, is a civil engineering consultancy firm offering end-to-end infrastructure solutions. Their services include topographic surveys, project management, geotechnical investigations, GIS mapping, and feasibility studies. The company has delivered successful projects across railways, roads, ports, metros, and oil & gas sectors. With expertise in surveying, land acquisition, technical supervision, and design engineering, Monarch ensures accurate execution of complex infrastructure projects. Their offerings also cover traffic studies, GIS-based land planning, and comprehensive bid process management across India.

Monarch Surveyors & Engineering Consultants Limited IPO Overview

Monarch Surveyors IPO is a book-built issue amounting to ₹93.75 crores, comprising a complete fresh issue of 37.50 lakh equity shares. The IPO opens for subscription on July 22, 2025, and closes on July 24, 2025. Allotment is expected to be finalised on July 25, 2025, with a tentative listing scheduled on the BSE SME platform on July 29, 2025. The price band is fixed at ₹237 to ₹250 per share. Each application requires a lot size of 600 shares, with the minimum investment for retail investors set at ₹2,84,400 for 1,200 shares. HNI investors must apply for a minimum of 3 lots (1,800 shares), amounting to ₹4,50,000. Beeline Capital Advisors Pvt Ltd is the lead manager, Bigshare Services Pvt Ltd serves as the registrar, and Spread X Securities Private Limited is the market maker for the issue.

Monarch Surveyors & Engineering Consultants Limited IPO Details

Particulars Details
IPO Date 22 July 2025 to 24 July 2025
Listing Date 29 July 2025
Face Value ₹10 per share
Issue Price Band ₹237 to ₹250 per share
Lot Size 600 Shares
Total Issue Size 37,50,000 shares (aggregating up to ₹93.75 Cr)
Fresh Issue 37,50,000 shares (aggregating up to ₹93.75 Cr)
Offer for Sale NA
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
Market Maker Portion 2,07,000 shares

Monarch Surveyors IPO Reservation

Investor Category Shares Offered
Market Maker 2,07,000 (5.52%)
QIB 17,69,400 (47.18%)
NII (HNI) 5,32,800 (14.21%)
Retail 12,40,800 (33.09%)
Anchor 10,61,400 (28.30%)

Monarch Surveyors IPO Lot Size

Application Lots Shares Amount
Retail (Min & 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

Shareholding Status Percentage
Pre-Issue 98.42%
Post-Issue 72.35%

Monarch Surveyors IPO Valuation Overview

KPI Value
EPS (Pre/Post) ₹33.47 / ₹24.61
P/E Ratio 7.47 (Pre), 10.16 (Post)
RoNW 32.01%
ROCE 39.59%
PAT Margin 22.60%
EBITDA Margin 33.15%
Debt to Equity Ratio 0.13
NAV ₹104.56

Objectives of the Proceeds

  • Purchase of machinery for capital expenditure – ₹31.99 Cr
  • Funding the working capital needs of the company – ₹30 Cr
  • General corporate purposes – Remaining proceeds

Key Financials (₹ in Crore)

Particulars 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
Reserves & Surplus 98.40 73.88 43.88
Total Borrowings 14.29 12.96 8.37

SWOT Analysis of Monarch Surveyors IPO

Strength and Opportunities

  • Strong presence across rail, road, and infrastructure sectors.
  • Wide range of consultancy services offered end-to-end.
  • Impressive growth in revenue and profitability over years.
  • Promoters with extensive industry experience and domain expertise.

Risks and Threats

  • Operates in a competitive and fragmented consultancy market.
  • Business is project-based and may face revenue fluctuations.
  • Reliant on government and semi-government contracts.
  • Debt, though low, may increase with expansion plans.

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About Monarch Surveyors & Engineering Consultants Limited

Peer Group Comparison

Company Name EPS (Basic) EPS (Diluted) NAV (₹) P/E (x) RoNW (%) P/BV Ratio
Monarch Surveyors 33.47 33.47 104.56 10.16 32.01 2.39
Peer Groups
Manglam Infra 4.14 4.14 54.57 15.90 6.67 1.20
Rudrabhishek Enterprises 7.69 7.69 83.06 23.53 8.99 2.18

How to apply IPO with HDFC SKY?

Follow these simple steps to apply for an IPO through HDFC SKY. Secure your investments and explore new opportunities with ease by accessing the IPOs available on the platform.

1Login to your HDFC SKY Account

2Select Issue

3Enter Number of Lots and your Price.

4Enter UPI ID

5Complete Transaction on Your UPI App

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