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Monarch Surveyors IPO
Price Band
₹237.0–250.0
Issue Size
₹93.75 Cr
Lot Size
600 shares
Min Investment
₹300,000
2 LOTS MIN
GMP
+₹210.0 (84.0%)
Issue Price
₹250.0
Subject to Sauda
₹95800
Paid only if allotted
Monarch Surveyors IPO AI Summary
- Monarch Surveyors IPO is listed on BSE SME in the Consulting Services sector.
- Price band: ₹237.0–₹250.0 per share, lot size 600 shares (min. investment ₹300,000, 2 lots minimum).
- Subscription window: 22 Jul–24 Jul 2025, listing on 29 Jul 2025.
- Current GMP is +₹210.0 (84.0%), an estimated listing price of ₹460 — unofficial and can change daily.
Monarch Surveyors & Engineering Consultants Limited is set to raise ₹93.75 Cr through its IPO, with a price band of ₹237 to ₹250. The company has shown significant growth in revenue and profit over the past few years, making it a notable player in the consulting services sector.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Monarch Surveyors IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 24 Jul 2025 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Monarch Surveyors IPO Grey Market Premium (GMP) Today
GMP
+₹210.0
GMP %
+84.0%
Est. Listing
₹460.0
Updated: 25 Jul 2026 14:14
About the Company
Incorporated in 1992, Monarch Surveyors & Engineering Consultants Limited is a civil engineering consultancy firm. The company offers comprehensive services spanning topographic surveys, project management consultancy, design and engineering, geotechnical investigations, land acquisition, GIS mapping, and feasibility studies. The company has successfully executed projects across various sectors, including railways, roads, ports, and oil & gas. The company provides consultancy services across infrastructure projects, including surveying, design, technical supervision, and land acquisition in roads, highways, railways, metros, and geospatial mapping, ensuring accurate and efficient project execution. Services: Surveying and Mapping Geo-Technical, Traffic, and other Engineering Investigation Conceptualising, Design and Engineering GIS-Based Land Planning and Land Acquisition Services Detailed Project Report and Bid Process Management As of March 31, 2024, the company has a total 417 Employees. Competitive Strengths: Experienced Promoter and Management Team Wide Range of Services Wide Range of Client Base Optimal Utilization of Resources
Company Financials (₹ Cr)
As of 2025-03-31
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 148.06 | 102.12 | 64.51 |
| Total Income | 155.66 | 141.27 | 72.72 |
| Profit After Tax | 34.83 | 30.01 | 8.59 |
| EBITDA | 51.10 | 42.78 | 11.68 |
| NET Worth | 108.80 | 73.97 | 43.96 |
| Reserves and Surplus | 98.40 | 73.88 | 43.88 |
| Total Borrowing | 14.29 | 12.96 | 8.37 |
Key Ratios
EPS
₹33.47
NAV
₹104.56
ROE
32.01%
ROCE
39.59%
RoNW
32.01%
P/B Value
2.39
P/E Ratio
7.47
Market Cap
₹353.90 Cr
PAT Margin
22.60%
Debt/Equity
0.13
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Rudrabhishek Enterprises Limited | 83.06 | 8.99% | 23.53 | 7.69 | 7.69 |
| Manglam Infra & Engineering Limited | 54.57 | 6.67% | 15.9 | 4.14 | 4.14 |
| Monarch Surveyors and Engineering Consultants Limited This IPO | 104.56 | 32.01% | — | 33.47 | 33.47 |
Promoters
Dattatraya Mohaniraj Karpe, Sanjay Bhalchandra Vidwans, Sunil Shrikrishna Bhalerao and Bhartesh Rajkumar Shah
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Funding capital expenditure requirement for purchase of machinery 31.99 2 Funding working capital requirements of the Company 30.00 3 General Corporate Purposes 22.81 4 Issue Expenses 8.95 Total 93.75
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹72.72 Cr in the year ending 31 Mar 2023, increasing to ₹141.27 Cr by 31 Mar 2024, and further rising to ₹155.66 Cr by 31 Mar 2025.
Profit Trend
Profit after tax was ₹8.59 Cr in the year ending 31 Mar 2023, growing to ₹30.01 Cr by 31 Mar 2024, and reaching ₹34.83 Cr by 31 Mar 2025.
Valuation
Monarch Surveyors has an EPS of ₹33.47 and is priced at a P/E ratio of 7.47 at the issue price. In comparison, peers like Rudrabhishek Enterprises Limited are trading at a P/E of 23.53, and Manglam Infra & Engineering Limited at 15.9.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an indicator of the expected listing price of an IPO. It reflects the demand and supply dynamics of the shares before they are officially listed on the stock exchange.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance.
Who May Want to Wait
Investors with a low risk tolerance or those who prefer stable returns may want to approach this IPO cautiously.
IPO Timeline, Explained
The IPO opens for subscription on 22 July 2025 and closes on 24 July 2025, with allotment scheduled for 25 July 2025 and listing on 29 July 2025.
Listing Gains — The Risk
Listing-day gains can be unpredictable and depend on market conditions, investor sentiment, and overall demand for the shares. It's important to consider that past performance is not indicative of future results.
This evaluation is generated from Monarch Surveyors's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Monarch Surveyors IPO GMP today?
Monarch Surveyors IPO GMP today is +₹210.0 (84.0%), indicating an estimated listing price of ₹460. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Monarch Surveyors IPO?
The price band of Monarch Surveyors IPO is ₹237.0–₹250.0 per share.
When does Monarch Surveyors IPO open and close?
Monarch Surveyors IPO opens on 22 July 2025 and closes on 24 July 2025.
When does Monarch Surveyors IPO list on the stock exchange?
Monarch Surveyors IPO listed on 29 July 2025 at ₹460.0.
What is the lot size for Monarch Surveyors IPO?
The lot size for Monarch Surveyors IPO is 600 shares, requiring a minimum investment of ₹300,000 (2 lots).
What is the lot size for the Monarch Surveyors IPO?
The lot size for the Monarch Surveyors IPO is 600 shares.
What is the minimum investment required?
The minimum investment required is ₹300,000.
What is the price band for the IPO?
The price band for the IPO is ₹237 to ₹250.
When does the IPO open and close?
The IPO opens on 22 July 2025 and closes on 24 July 2025.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO based on demand in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
22 Jul 2025
Close
24 Jul 2025
Allotment
25 Jul 2025
Listing
29 Jul 2025
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