29-07-2025
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.
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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)
