Latest news with #MonarchSurveyors'
Economic Times
13 hours ago
- Business
- Economic Times
Monarch Surveyors shares list at 69% premium over IPO price on BSE SME platform
Monarch Surveyors and Engineering will launch its IPO on the BSE SME platform. The IPO saw huge subscription across all categories. Monarch Surveyors and Engineering shares debuted strongly. The listing occurred on the BSE SME platform with a significant premium. The IPO witnessed substantial oversubscription across all investor categories. The company provides civil engineering consultancy services. It serves clients in roads, railways, and other sectors. The company reported revenue and profit growth. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Monarch Surveyors and Engineering listed with a premium of 68.5% on Tuesday. The stock debuted at Rs 421.25 on the BSE SME Rs 94 crore IPO, which ran from July 22 to July 24, saw overwhelming investor interest across categories. The issue was subscribed a massive 250.65 times overall, with retail investors bidding 263.01 times, non-institutional investors (NIIs) 317.05 times, and qualified institutional buyers (QIBs) 179.01 Surveyors provides end-to-end civil engineering consultancy services such as surveying, GIS mapping, geotechnical investigations, feasibility studies, and project company's client base includes entities from the roads, railways, ports, and oil and gas sectors. As of March 2024, the company had 417 employees and a diverse project portfolio across infrastructure the company reported consistent growth with FY25 revenue rising 10% YoY to Rs 155.66 crore and profit after tax (PAT) up 16% to Rs 34.83 aggressive subscription figures, and a steep GMP of 84%, Monarch Surveyors' listing is likely to be solid. All eyes will now be on whether the stock can sustain its premium in the sessions post-listing.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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Business Standard
7 days ago
- Business
- Business Standard
Monarch Surveyors IPO Day 2 update: Subscription rises 30x, GMP at 68%
Monarch Surveyors IPO Day 2 subscription status: Engineering consultancy firm Monarch Surveyors' initial public offering (IPO) has received a solid response from investors so far. The BSE SME data shows that the public issue received bids for 81.7 million shares against 2.68 million shares on offer, resulting in an oversubscription of around 30.4 times by 12 PM on Wednesday, July 23. Among the individual categories, retail investors led the demand by subscribing to the portion reserved for them by 48.1 times. This was followed by non-institutional investors (NIIs), who bid for 27.6 times of the reserved quota, and the qualified institutional buyers (QIBs) portion was subscribed 2.23 times. Monarch Surveyors IPO grey market premium (GMP) According to sources tracking unofficial markets, the unlisted shares of Monarch Surveyors were trading at 420, commanding a grey market premium of ₹170 or 68 per cent against the upper end of the price band of ₹237 to ₹250. Monarch Surveyors IPO details The New Delhi-based company aims to raise ₹93.75 crore through its maiden public issue. The SME IPO comprises a fresh issue of 3.75 million equity shares, with no offer for sale (OFS) component. Monarch Surveyors IPO key dates Monarch Surveyors IPO will close for subscription on Thursday, July 24, 2025. The basis of the allotment of shares is expected to be finalised on Friday, July 25, 2025. Shares of Monarch Surveyors are scheduled to be listed on the BSE SME platform tentatively on Tuesday, July 29, 2025. Monarch Surveyors IPO price band, lot size The company has set the price band in the range of ₹237 to ₹250 per equity share. Retail investors can bid for a minimum of two lots consisting of 600 shares each, with an investment amount of ₹3,00,000. The minimum investment amount required for high net-worth individuals (HNIs) is ₹4,50,000 for three lots. Monarch Surveyors IPO registrar, lead manager Bigshare Services is the issue registrar. Beeline Capital Advisors is the book-running lead manager for the issue. Monarch Surveyors IPO objective According to the RHP, the company plans to use ₹32 crore from the net issue proceeds for purchasing machinery and ₹30 crore for working capital requirements of the company. The remaining funds will be used for general corporate purposes. About Monarch Surveyors Monarch Surveyors and Engineering Consultants 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 a diverse workforce specialising in Detailed Engineering, Project Management, Construction Supervision, Facilities Design, Land Surveying, Land Acquisition Services, Geospatial mapping, Geo-technical Investigation and Special Inspections.
