IPO Details

Bidding Dates

22 Jul '25 - 24 Jul '25

Minimum Investment

₹2,84,400/ 2 Lots (1,200 Shares)

Price Range

₹237-₹250

Maximum Investment

₹3,00,000/ 2 Lots (1,200 Shares)

Retail Discount

To be announced

Issue Size

₹93.75 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Investors (NII)  |   Qualified Institutional Buyers (QIB)   |  

Monarch Surveyors IPO Important Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Jul 22, 25

IPO Closing Date

Jul 24, 25

Basis of Allotment

Jul 25, 25

Initiation of Refunds

Jul 28, 25

IPO Listing Date

Jul 29, 25

IPO Subscription Details

DateQIBNIIRetailTotal

Day 1Jul 21, 2025

 0.17 7.75 12.81 8.12

About Monarch Surveyors IPO

Monarch Surveyors IPO is a book-built issue worth ₹93.75 crore, consisting entirely of a fresh issue of 37.50 lakh equity shares. The IPO opens for subscription on July 22, 2025, and closes on July 24, 2025. The basis of allotment is expected to be finalised on July 25, 2025.

The shares are proposed to be listed on the BSE SME platform, with a tentative listing date of July 29, 2025. The price band for the IPO has been fixed between ₹237 and ₹250 per share. Investors can apply in lots of 600 shares.

For retail investors, the minimum investment is ₹2,84,400 for 1,200 shares. For High Net-Worth Individuals (HNIs), the minimum application size is 1,800 shares or 3 lots, requiring an investment of ₹4,50,000. Beeline Capital Advisors Private Limited is acting as the book-running lead manager for the issue.

Bigshare Services Private Limited has been appointed as the registrar, while Spread X Securities Private Limited is the designated market maker for the IPO. Refer to the RHP for complete details.

Industry Outlook

  1. The government has increased the capital investment outlay for infrastructure by 11.1% to ₹11.11 lakh crore in Interim Budget 2024–25, which is 3.4% of GDP, showing strong commitment to infrastructure growth.
  2. The National Infrastructure Pipeline (NIP) now covers 9,766 projects across 37 sub-sectors, with over 2,476 projects under development worth US$ 1.9 trillion, offering consistent opportunities across transportation, roads, and urban development.
  3. India’s logistics market is expected to grow from US$ 317.26 billion in 2024 to US$ 484.43 billion by 2029, at a CAGR of 8.8%, driven by strong freight movement and real estate investments. With rising infrastructure projects and government-backed capital outlays, Monarch Surveyors & Engineering Consultants Ltd. stands to benefit from increased demand for land surveying, engineering, and valuation services.

Monarch Surveyors IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

  1. A part of the funds will be used to buy new machinery to support future expansion and improve operational efficiency.
  2. A portion of the proceeds will meet day-to-day working capital needs to ensure smooth operations.
  3. Any remaining funds will be allocated toward general corporate purposes to strengthen overall business growth.

About Monarch Surveyors & Engineering Consultants Ltd.

Monarch Surveyors & Engineering Consultants Ltd. is a leading civil engineering consultancy firm offering end-to-end services for infrastructure projects. Established in 1999, the company specialises in delivering concept-to-commissioning solutions across roads, railways, metros, pipelines, water supply, and town planning sectors.

With over 25 years of experience, the firm supports government and private clients by providing services like land surveying, geospatial mapping, technical supervision, and engineering design. The company’s expertise spans multiple fields including GIS-based land planning, geotechnical investigations, traffic studies, and project management.

Its focus lies in creating high-quality, cost-effective engineering solutions that align with client goals and regulatory standards. Advanced technologies such as drone-enabled LiDAR mapping and ground-penetrating radar strengthen its service capabilities.

Monarch Surveyors has executed a wide range of assignments in surveying, land acquisition, DPR preparation, and construction supervision. The firm plays a key role in improving project efficiency through its detailed reports, compliance-driven designs, and hands-on bid process management.

Promoted by experienced professionals with strong industry expertise, the company operates from its head office in Pune and multiple site locations across India. Recognised among the Top 10 Engineering Consultants in India by Industry Outlook in 2022, the company continues to contribute meaningfully to India’s growing infrastructure landscape by offering technically sound, timely, and value-driven engineering services.

How To Check the Allotment Status of Monarch Surveyors IPO?

Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

How To Apply for the Monarch Surveyors IPO Online?

  1. Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
  2. Locate the IPO Section: Navigate to the 'IPO' section on the platform.
  3. Select IPO: Find and select the Monarch Surveyors IPO from the list of open IPOs.
  4. Enter the Lot Size: Specify the number of lots you want to bid for.
  5. Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
  6. Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Contact Details of Monarch Surveyors IPO

Registered office: Monarch House, CTS No. 434/1, Near Kawade Petrol Pump, Ghorpadi Gaon, Hadapsar (N.V.), Haveli, Pune, Maharashtra-411036, India

Phone: +91 9766509911

E-mail: cs@monarchpune.in 

Monarch Surveyors IPO Reservation

Investor Category

Shares Offered

Market Maker Shares

2,07,000 (5.52%)

QIB Shares

17,69,400 (47.18%)

NII (HNI) Shares

5,32,800 (14.21%)

Retail Shares

12,40,800 (33.09%)

Total Shares

37,50,000 (100.00%)

Monarch Surveyors IPO Lot Size

Application

Lots

Shares

Amount

Individual investors (Retail) (Min)

2

1,200

₹2,84,400

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

The promoters of the company include Mr. Dattatraya Mohaniraj Karpe, Mr. Sanjay Bhalchandra Vidwans, Mr. Sunil Shrikrishna Bhalerao and Mr. Bhartesh Rajkumar Shah.

Share Holding Pre-Issue

98.42%

Share Holding Post Issue&nbsp

72.35%

Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.

Monarch Surveyors IPO Anchor Investors Details

Monarch Surveyors & Engineering Consultants Ltd. has successfully secured ₹26.54 crore through its anchor investors ahead of the IPO launch.

Particulars

Details

Anchor Bidding Date

July 21, 2025

Total Shares Allotted to Anchor Investors

10,61,400

Total Anchor Investment

₹26.54 crore

Lock-in Period End Date (50% of Shares - 30 Days)

August 24, 2025

Lock-in Period End Date (Remaining 50% - 90 Days)

October 23, 2025

Key Performance Indicators for Monarch Surveyors IPO

KPI

Value

RoCE (%)

39.59

ROE (%)

32.01

PAT Margin (%)

22.60

EBITDA Margin (%)

33.15

Debt/Equity

0.13

Monarch Surveyors IPO Prospectus

Monarch Surveyors IPO Registrar and Lead Managers

Monarch Surveyors IPO Lead Managers

  • Beeline Capital Advisors Private Limited

Registrar for Monarch Surveyors IPO

Bigshare Services Private Limited

Monarch Surveyors IPO Registrar

Financial Performance of Monarch Surveyors & Engineering Consultants Ltd.

Particulars Year ending on March 31, 2025 Year ending on March 31, 2024 Year ending on March 31, 2023
Revenue from Operation (in ₹ lakh) 15413.62 13,949.18 7,167.70
Profit/ (loss) for the year (in ₹ lakh) 3483.24 3,000.72 858.92
Net Worth (in ₹ lakh) 10880.24 7,397.00 4,396.28
Total Borrowings (in ₹ lakh) 1428.53 1296.30 837.38
Return on Equity (RoE) (%) 32.01 40.57 19.54
Return on Capital Employed (RoCE) (%) 39.59 48.54 22.20
EBITDA (in ₹ lakh) 5110.37 4,278.13 1,167.59

Know before investing

Strengths

5

  1. Promoters bring 25 years of experience each in infrastructure consultancy and leadership.

  2. Offers end-to-end civil engineering services from survey to project commissioning.

  3. Caters to government, corporates, and international clients across various geographies.

  4. Focuses on resource optimisation through process upgrades and employee skill development.

  5. Known for timely delivery of challenging projects with high client satisfaction rates.

Risks

5

  1. 84% revenue from top 10 clients; losing any may impact profits.

  2. Majority revenue from Maharashtra; regional disruptions may severely affect earnings.

  3. Project delays, cancellations, or non-payment could hurt cash flow and reputation.

  4. Software reliability is crucial; failure may disrupt operations and client delivery.

  5. Sensitive project data breaches may damage reputation and financial performance.

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Monarch Surveyors & Engineering Consultants Ltd. Peer Comparison

Company Name EPS (₹) P/E Ratio RoNW (%) Revenue (₹ in Lakh)
Monarch Surveyors & Engg. Consultants 33.47 - 32.01 15,413.62
Dhruv Consultancy Services Ltd. 4.14 15.90 6.67 10,196.47
Rudrabhishek Enterprises Ltd. 7.69 23.53 8.99 10,796.53

Monarch Surveyors IPO FAQs

What is the Monarch Surveyors IPO?

Monarch Surveyors IPO is a book built issue IPO. It runs from July 22, 2025, to July 24, 2025. 

When will the Monarch Surveyors IPO be allotted?

The Basis of Allotment will happen on Friday, July 25, 2025.  

When will the Monarch Surveyors IPO open for subscription?

The IPO subscription window will open on July 22, 2025. 

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 2 lots, and the lot size is 600 shares. 

When will the Monarch Surveyors IPO list on exchanges?

The listing date for Monarch Surveyors IPO is Tuesday, July 29, 2025. 

What is the issue size of the Monarch Surveyors IPO?

The issue size of the Monarch Surveyors IPO is ₹93.75 crore.

What are the open and close dates of the Monarch Surveyors IPO?

The open and close dates for Monarch Surveyors IPO are from July 22, 2025, to July 24, 2025.

What would be the listing gains on the Monarch Surveyors IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.  

When will I know if my Monarch Surveyors IPO order is placed?

You will receive a notification once your order is successfully placed with the exchange after the bidding starts. 

Who is the registrar of Monarch Surveyors IPO?

Bigshare Services Private Limited is the registrar responsible for managing the IPO allotment process and handling investor queries. 

Where is the Monarch Surveyors IPO getting listed?

Monarch Surveyors IPO is proposed to be listed on the SME platform of the Bombay Stock Exchange (BSE).