Monarch Surveyors IPO

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