Latest news with #MonarchSurveyors&EngineeringConsultants
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Business Standard
21 hours ago
- Business
- Business Standard
Monarch Surveyors IPO booked 37x; GMP up 68%; check who is driving demand
Monarch Surveyors IPO comprises an entirely fresh issue of 3.75 million equity shares estimated to be worth ₹93.75 crore. The public offering is available at a price band of ₹237-250 per share. SI Reporter New Delhi Monarch Surveyors IPO Day 2 subscription status: Retail investors were leading the demand for the initial public offering of Monarch Surveyors & Engineering Consultants (Monarch Surveyors IPO) on the second day of its subscription period. The demand for the public issue was also strong among the institutional investors, as the public issue has been oversubscribed by 37.20 times till around 1:20 PM on Wednesday, July 23, 2025. The BSE data shows that the retail investors have placed the highest bids by oversubscribing the category reserved for them by 58.75 times, followed by non-institutional investors (NIIs) at 34.46 times and qualified institutional buyers (QIBs) at 2.27 times. Monarch Surveyors IPO details Monarch Surveyors IPO comprises an entirely fresh issue of 3.75 million equity shares estimated to be worth ₹93.75 crore. The public offering is available at a price band of ₹237–250 per share, and a lot size of 600 shares. The investors can bid for a minimum of 1,200 shares and in multiples of 600 shares thereafter, and would require a minimum of ₹3,00,000 to bid for 2 lots or 1,200 shares of Monarch Surveyors IPO. The company intends to use the net proceeds from the public issue for funding the capital expenditure requirement for purchase of machinery, as well as for funding working capital requirements of the company. The company will further use the proceeds for general corporate purposes. Monarch Surveyors IPO grey market premium (GMP) The unlisted shares of the company continued to trade at a solid premium in the grey markets on Wednesday. Monarch Surveyors shares were trading at around ₹420 per share, reflecting a grey market premium (GMP) of ₹170 or 68 per cent over the upper end of the issue price, according to sources tracking unofficial market activities. Monarch Surveyors IPO allotment date, listing date The three-day subscription window to bid for the Monarch Surveyors IPO is set to conclude on July 24, 2025. Following the closure of the subscription window, the basis of allotment of Monarch Surveyors is set to take place on July 25. The company's shares will be credited into demat accounts tentatively by July 28. About Monarch Surveyors Founded in 1999, Monarch Surveyors & Engineering Consultants offer end-to-end infrastructure consultancy services. The company operates in sectors such as transportation, urban planning, environment, and water. Monarch offers services including high-precision engineering surveys, feasibility studies, and project management. The company has worked with Indian government institutions, road authorities, and private entities. Monarch also has a presence in Sri Lanka and Bhutan, delivering data-driven engineering solutions. The company's services span the entire lifecycle of infrastructure projects, from concept to commissioning. Monarch's expertise includes surveying, design services, and technical supervision for various civil engineering sectors.
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Business Standard
7 days ago
- Business
- Business Standard
Monarch Surveyors IPO to open for bidding on July 22; check key details
Monarch Surveyors IPO: The initial public offering (IPO) of Maharashtra-based civil engineering consultancy firm Monarch Surveyors & Engineering Consultants will open for public subscription on Tuesday, July 22. The ₹93.75 crore issue comprises a fresh issue of 3.75 million equity shares. There is no offer-for-sale (OFS) component. According to the red herring prospectus (RHP), the company has reserved not more than 50 per cent of the issue for qualified institutional buyers (QIBs), not less than 35 per cent for retail investors, and 15 per cent for non-institutional investors (NIIs). Here are the key details of Monarch Surveyors IPO Monarch Surveyors IPO price band, lot size Monarch Surveyors has set the price band for its IPO in the range of ₹237 to ₹250 per equity share. The minimum lot size for an application is 600 shares. A retail investor would require a minimum investment amount of ₹300,000, considering the upper price band, to bid for two lots. The minimum investment required for high-net-worth individuals (HNIs) is 4,50,000 for three lots or 1,800 shares. Monarch Surveyors IPO key dates According to the RHP, the three-day subscription window will, tentatively, close on Thursday, July 24, 2025. The basis of the allotment of shares is likely to be finalised on Friday, July 25, 2025. Shares of Monarch Surveyors will be listed on the BSE SME platform, tentatively, on Tuesday, July 29, 2025. Monarch Surveyors IPO registrar, lead manager Bigshare Services is the registrar of the issue. Beeline Capital Advisors is the sole book-running lead manager of the issue. Monarch Surveyors IPO objective According to the red herring prospectus (RHP), the company plans to utilise the net issue proceeds for purchasing machinery, funding working capital requirements, and general corporate purposes. Monarch Surveyors financial overview In the financial year 2024-25 (FY25), Monarch Surveyors reported revenue from operations of ₹154.13 crore, up 10 per cent from ₹139.5 crore in the previous financial year. Its profit after tax (PAT) stood at ₹34.83 crore, up 16 per cent from 30 crore in the FY24. About Monarch Surveyors Incorporated in 1992, Monarch Surveyors and Engineering Consultants offers a wide range of Civil Engineering Consultancy services. It provides comprehensive consultancy services under Concept to Commissioning of infrastructure projects, which includes Survey, design and technical supervision for roads, railways, metros, town planning, geospatial, mapping, land acquisition, water, transmission lines, pipelines and other civil engineering sectors. The company has successfully executed projects across various sectors, including railways, roads, ports, and oil & gas. The company's workforce specialises in Detailed Engineering, Project Management, Construction Supervision, Facilities Design, Land Surveying, Land Acquisition Services, Geospatial mapping, Geo-technical Investigation and Special Inspections.
