The Monarch Surveyors & Engineering Consultants Limited IPO has generated notable interest among retail investors and market watchers alike. With an overwhelming response from all investor categories, this SME IPO became one of the most sought-after offerings in July 2025. From robust subscription numbers to a rising grey market premium (GMP), Monarch Surveyors’ debut in the capital market is turning heads.
In this detailed blog, we will cover everything about the Monarch Surveyors IPO—its company profile, IPO details, allotment process, GMP trends, and the expected listing price. Whether you’ve applied for the shares or are tracking it for future investment opportunities, this guide is your one-stop solution.
🧾 About Monarch Surveyors & Engineering Consultants Ltd.
Founded in 2001, Monarch Surveyors & Engineering Consultants is a Pune-based company engaged in:
- Land and infrastructure surveying
- Civil engineering consulting
- Structural analysis and design
- Geotechnical investigations
- Project management services
The company has serviced prestigious clients across sectors like construction, railways, highways, real estate, and public infrastructure. With over two decades of operational experience and a growing presence across India, Monarch aims to capitalize on India’s booming infrastructure sector.
💼 Monarch Surveyors IPO Details
| Particular | Details |
|---|---|
| Issue Size | ₹15.47 Crores |
| Price Band | ₹60 per share |
| Lot Size | 2000 shares |
| Minimum Investment | ₹1,20,000 |
| Exchange | BSE SME Platform |
| Face Value | ₹10 per share |
| IPO Type | Fixed Price Issue |
| Lead Manager | First Overseas Capital Ltd. |
This was a small and fixed-price IPO, primarily targeted toward HNIs, retail individual investors (RIIs), and SME institutional investors. Despite being on the SME platform, it witnessed overwhelming interest, signaling strong investor faith.
🔍 IPO Subscription Status
The IPO received strong interest, especially from retail and HNI categories.
Final Day Subscription (As of July 24, 2025):
- Total Subscription: 342.21 times
- Retail Individual Investors (RII): 285.12 times
- Non-Institutional Investors (NII): 399.45 times
This kind of oversubscription for an SME IPO indicates extraordinary demand. Due to this, chances of allotment were very low for small retail investors applying for just one lot.
📌 IPO Allotment Status: How to Check
The Monarch Surveyors IPO allotment status was finalized on July 25, 2025. Applicants who want to check if they’ve been allotted shares can follow these steps:
✅ Method 1: Via BSE Website
- Visit: https://www.bseindia.com/investors/appli_check.aspx
- Select “Equity” under the issue type.
- Select “Monarch Surveyors & Engineering Consultants Ltd” from the dropdown.
- Enter Application Number and PAN.
- Click Search.
✅ Method 2: Via Registrar’s Website (Bigshare Services Pvt Ltd)
- Visit: https://ipo.bigshareonline.com/ipo_status.html
- Choose one of the identification methods: Application No / PAN / DP Client ID.
- Select IPO Name: Monarch Surveyors
- Enter required details and submit.
Once checked, the status will show either:
- “Allotted” (with number of shares) or
- “Not Allotted”
💰 Refund and Credit to Demat Account
- Refund Initiation: July 26–27, 2025
- Shares Credited to Demat Account: July 28, 2025
- Listing Date on BSE SME Platform: Likely July 29, 2025
Refunds are processed automatically to the UPI-linked bank account or bank account used during ASBA (Application Supported by Blocked Amount) process.
💹 GMP (Grey Market Premium) Trends
The Grey Market Premium (GMP) is an unofficial indicator of expected listing gains. Here’s a summary of how the Monarch Surveyors IPO GMP evolved:
| Date | GMP (₹) | Expected Listing Price (₹) |
|---|---|---|
| July 22 | ₹35 | ₹95 (59% over issue price) |
| July 23 | ₹38 | ₹98 |
| July 24 | ₹42 | ₹102 |
| July 25 | ₹45 | ₹105 |
| July 26 | ₹50 | ₹110+ |
The rising GMP indicates strong demand in the grey market. If the listing lives up to this, investors could see listing gains of 70–85%, which is massive for an SME IPO.
📊 Financial Performance of Monarch Surveyors
Before investing, it’s important to look at the company’s fundamentals.
Key Financial Metrics (₹ in Crores):
| Year | Revenue | Net Profit | EBITDA Margin |
|---|---|---|---|
| FY22 | ₹8.32 | ₹0.74 | 12.5% |
| FY23 | ₹9.87 | ₹1.11 | 14.2% |
| FY24 (Est.) | ₹11.65 | ₹1.49 | 15.8% |
The company has shown consistent growth in both top and bottom lines. With government infrastructure projects and railway expansion booming, Monarch is well-positioned to benefit from industry tailwinds.
🧠 Should You Invest Post-Listing?
While allotment was tough due to oversubscription, those considering post-listing investments should keep the following in mind:
✅ Pros:
- Proven track record in engineering consultancy
- Government and private sector clientele
- Positive earnings and revenue growth
- Attractive GMP indicating strong debut
⚠️ Cons:
- SME stocks can be illiquid
- Limited information and analyst coverage
- Prone to volatility post-listing
If you’re a long-term investor, investing small tranches post-listing dip could be a smart move, provided you’re comfortable with SME platform risks.
📌 Monarch Surveyors: SWOT Analysis
| Strengths | Weaknesses |
|---|---|
| Strong demand for infrastructure services | Small company, low scale |
| Consistent revenue growth | Limited geographical presence |
| High GMP signals investor trust | SME listing = lower liquidity |
| Opportunities | Threats |
|---|---|
| Government capex push | Regulatory compliance for SMEs |
| Expansion into Tier-2/3 cities | Competition from bigger players |
📝 Conclusion
The Monarch Surveyors IPO has delivered a textbook case of SME IPO enthusiasm in India. With high oversubscription, a strong grey market premium, and a growing company profile in an expanding sector, the IPO reflects investor confidence in infrastructure-led growth stories.
Whether you got allotment or not, it’s worth tracking Monarch Surveyors post-listing. If the fundamentals stay intact and the business keeps scaling, Monarch could turn into a high-growth SME stock in the years to come.
🧮 Quick Facts Recap
| Feature | Detail |
|---|---|
| IPO Price | ₹60 |
| GMP (As of July 26) | ₹50 |
| Subscription | 342x |
| Lot Size | 2000 shares |
| Allotment Finalized | July 25, 2025 |
| Listing Date | July 29, 2025 (Expected) |
| Registrar | Bigshare Services Pvt Ltd |
