Monarch Surveyors & Engineering Consultants made an impressive stock market debut on July 29, 2024, listing at ₹421.25 on the BSE SME platform. This marked a sharp 68% premium over its IPO issue price of ₹250, fuelled by massive investor interest and heavy oversubscription.
The IPO of Monarch Surveyors witnessed extraordinary demand, closing with an overall subscription of 250.65 times. The offering comprised a fresh issue of 37.50 lakh shares and aimed to raise ₹93.75 crore. The shares were offered in the price range of ₹237 to ₹250, with the final allotment at the upper end. Upon listing at ₹421.25, the stock opened with a robust 68.5% gain, reflecting strong investor confidence in the company’s prospects.
Investor participation was exceptionally strong across all segments. The retail portion was subscribed 263 times, non-institutional investors (NII) bid 317.05 times, and qualified institutional buyers (QIB) subscribed 179 times. The IPO attracted bids for 62.20 crore shares against an available 24.81 lakh shares, indicating overwhelming demand.
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The funds raised through the IPO will support capital expenditure for machinery expansion, meet working capital requirements, and fund general corporate purposes. The company secured ₹26.54 crore from anchor investors prior to the IPO, underscoring early institutional interest.
Founded in 1992, Monarch Surveyors is a prominent civil engineering consultancy offering a wide range of services including geotechnical investigations, GIS mapping, and project management. The firm operates across key infrastructure sectors such as railways, roads, ports, and oil & gas. Known for its end-to-end infrastructure consultancy, Monarch has built a solid reputation for managing complex engineering assignments with efficiency.
On July 29, 2025, Monarch Surveyors and Engineering Consultants share price opened at ₹421.25 on BSE, above the IPO price of ₹250.00. During the day, it surged to ₹435.00 and dipped to ₹400.20. The stock is trading at ₹400.20 as of 11:32 AM. The stock registered a significant change, reflecting strong performance since its IPO debut.
Monarch Surveyors' remarkable debut on the BSE SME highlights rising investor interest in infrastructure-linked companies. With a strong order book, clear growth plans, and a solid operational history, the company now looks positioned for sustained momentum post-listing.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
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Published on: Jul 29, 2025, 2:47 PM IST
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