Latest news with #MonarchSurveyorsandEngineeringConsultants
Business Standard
11 hours ago
- Business
- Business Standard
BSE SME Monarch Surveyors and Engineering Consultants soars on stellar debut
Shares of Monarch Surveyors and Engineering Consultants were trading at Rs 400.20 on the BSE, a premium of 60.08% compared with the issue price of Rs 250. The scrip was listed at Rs 421.25, a premium of 68.50% compared with the initial public offer (IPO) price. The stock is currently frozen at its lower limit of 5% over its listing price. The counter hit a high of Rs 435 and a low of Rs 400.20. About 12.13 lakh shares of the company changed hands at the counter. Monarch Surveyors & Engineering Consultants' IPO was subscribed 231.43 times. The issue opened for bidding on 22 July 2025 and it closed on 24 July 2025. The price band of the IPO was set at Rs 237 to Rs 250 per share. The IPO comprised fresh issue of 37,50,000 equity shares. The promoter and promoter group shareholding diluted to 72.35% from 98.42% pre-issue. The company intends to utilize the net proceeds to meet working capital requirements, funding capital expenditure for purchase of machinery and general corporate purposes. Ahead of the Monarch Surveyors & Engineering Consultants on 21 July 2025, raised Rs 26.53 crore from anchor investors. The board has allotted 10.61 lakh shares at Rs 250 per share to 19 anchor investors. Monarch Surveyors & Engineering Consultants engaged in the business to provide 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. As of 31 March 2025, the company had a total 507 employees. The company recorded revenue from operations of Rs 154.14 crore and a net profit of Rs 34.83 crore for the period ended 31 March 2025.
Economic Times
7 days ago
- Business
- Economic Times
Monarch Surveyors IPO subscribed 24.40 times; Check GMP, price band and other details
Subscriptions: Retail leads the charge Live Events GMP signals robust listing premium Investor category reservations (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The Monarch Surveyors and Engineering Consultants IPO is turning heads in the market with a stellar response from investors. The Rs 94 crore public issue, which opened on July 22, 2025, witnessed a remarkable overall subscription of 24.40 times by the second day, indicating robust investor interest, with retail participants showing particularly strong enthusiasm. The IPO consists of a fresh issue of 26.88 lakh equity shares, with the price band set between Rs 237 and Rs 250 per public issue will close on July 24, and allotment is expected to be finalized on July 25. The shares are scheduled to be listed on the BSE SME platform on July 29, marking an important milestone for the company in its growth enthusiasm is evident in the subscription numbers. As of 11 AM on July 23 (Day 2), the IPO had received strong interest across all investor Individual Investors (RIIs) led the subscription momentum, applying for shares 38.44 times over their allotted quota of 12,40,800 shares. This overwhelming response highlights strong interest from everyday investors, likely driven by expectations of attractive listing behind were the Non-Institutional Investors (NIIs)—including high-net-worth individuals and private firms—who subscribed 22.07 times their reserved portion of 7,39,800 shares. On the institutional front, Qualified Institutional Buyers (QIBs), including entities like banks and mutual funds, showed solid participation as well, with a subscription rate of 2.23 times their allocated overwhelming response has driven the overall subscription tally to 24.40 times, signaling strong market confidence in the company's prospects. Retail demand, in particular, reflects excitement around potential listing gains and the company's growth potential in the niche engineering consulting to the buzz is a Grey Market Premium (GMP) of 68%—a significant indicator of investor sentiment. With the upper price band at Rs 250, the GMP of 68% suggests that shares are trading in the unofficial market at around Rs 420, a premium of Rs 170 per share. This implies that the stock is likely to debut well above its issue price, provided market conditions remain market trends, while unofficial, often give a fair indication of how the stock may perform on listing day. A high GMP like this one reflects strong pre-listing demand and investor optimism about Monarch Surveyors' future minimum amount of investment required by an individual investor (retail) is Rs 2,84,400 (1,200 shares). The minimum lot size investment for HNI is 3 lots (1,800 shares) amounting to Rs 4,50, IPO is being managed by Beeline Capital Advisors, with Bigshare Services acting as registrar. Spread X Securities is the market in Mumbai, Monarch Surveyors provides end-to-end civil engineering consultancy services across the infrastructure landscape — including roads, railways, ports, oil & gas, and urban transit offerings span surveying and mapping, geotechnical investigations, GIS-based land planning, engineering design, project reports, and bid process company prides itself on precision, technical depth, and optimal resource utilisation — strengths that have helped it build a wide client base and execute high-stakes projects Surveyors has seen consistent financial growth, with revenue rising 10% year-on-year to Rs 155.66 crore in FY25, while profit after tax surged 16% to Rs 34.83 IPO proceeds are aimed at scaling operations. About Rs 32 crore will be used to fund capital expenditure for new machinery, Rs 30 crore for working capital needs, and the rest towards general corporate purposes.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
7 days ago
- Business
- Time of India
Monarch Surveyors IPO subscribed 24.40 times; Check GMP, price band and other details
The Monarch Surveyors and Engineering Consultants IPO is turning heads in the market with a stellar response from investors. The Rs 94 crore public issue, which opened on July 22, 2025, witnessed a remarkable overall subscription of 24.40 times by the second day, indicating robust investor interest, with retail participants showing particularly strong enthusiasm. The IPO consists of a fresh issue of 26.88 lakh equity shares, with the price band set between Rs 237 and Rs 250 per share. The public issue will close on July 24, and allotment is expected to be finalized on July 25. The shares are scheduled to be listed on the BSE SME platform on July 29, marking an important milestone for the company in its growth journey. Explore courses from Top Institutes in Please select course: Select a Course Category Operations Management Others healthcare Technology Design Thinking Artificial Intelligence Digital Marketing Healthcare Product Management Data Analytics PGDM Data Science Finance MCA CXO Leadership Project Management Management Data Science Public Policy Degree Cybersecurity MBA others Skills you'll gain: Quality Management & Lean Six Sigma Analytical Tools Supply Chain Management & Strategies Service Operations Management Duration: 10 Months IIM Lucknow IIML Executive Programme in Strategic Operations Management & Supply Chain Analytics Starts on Jan 27, 2024 Get Details Subscriptions: Retail leads the charge Investor enthusiasm is evident in the subscription numbers. As of 11 AM on July 23 (Day 2), the IPO had received strong interest across all investor categories. Retail Individual Investors (RIIs) led the subscription momentum, applying for shares 38.44 times over their allotted quota of 12,40,800 shares. This overwhelming response highlights strong interest from everyday investors, likely driven by expectations of attractive listing gains. Close behind were the Non-Institutional Investors (NIIs)—including high-net-worth individuals and private firms—who subscribed 22.07 times their reserved portion of 7,39,800 shares. On the institutional front, Qualified Institutional Buyers (QIBs), including entities like banks and mutual funds, showed solid participation as well, with a subscription rate of 2.23 times their allocated shares. This overwhelming response has driven the overall subscription tally to 24.40 times, signaling strong market confidence in the company's prospects. Retail demand, in particular, reflects excitement around potential listing gains and the company's growth potential in the niche engineering consulting sector. GMP signals robust listing premium Adding to the buzz is a Grey Market Premium (GMP) of 68%—a significant indicator of investor sentiment. With the upper price band at Rs 250, the GMP of 68% suggests that shares are trading in the unofficial market at around Rs 420, a premium of Rs 170 per share. This implies that the stock is likely to debut well above its issue price, provided market conditions remain stable. Grey market trends, while unofficial, often give a fair indication of how the stock may perform on listing day. A high GMP like this one reflects strong pre-listing demand and investor optimism about Monarch Surveyors' future performance. Investor category reservations The minimum amount of investment required by an individual investor (retail) is Rs 2,84,400 (1,200 shares). The minimum lot size investment for HNI is 3 lots (1,800 shares) amounting to Rs 4,50,000. The IPO is being managed by Beeline Capital Advisors, with Bigshare Services acting as registrar. Spread X Securities is the market maker. Headquartered in Mumbai, Monarch Surveyors provides end-to-end civil engineering consultancy services across the infrastructure landscape — including roads, railways, ports, oil & gas, and urban transit systems. Its offerings span surveying and mapping, geotechnical investigations, GIS-based land planning, engineering design, project reports, and bid process management. The company prides itself on precision, technical depth, and optimal resource utilisation — strengths that have helped it build a wide client base and execute high-stakes projects efficiently. Monarch Surveyors has seen consistent financial growth, with revenue rising 10% year-on-year to Rs 155.66 crore in FY25, while profit after tax surged 16% to Rs 34.83 crore. The IPO proceeds are aimed at scaling operations. About Rs 32 crore will be used to fund capital expenditure for new machinery, Rs 30 crore for working capital needs, and the rest towards general corporate purposes.
Economic Times
22-07-2025
- Business
- Economic Times
Monarch Surveyors IPO opens for subscription amid strong investor buzz; GMP at 64%
Monarch Surveyors and Engineering Consultants opened its Rs 94 crore IPO for subscription today, drawing strong investor attention with a grey market premium (GMP) of 64%. The IPO, which is entirely a fresh issue of 37.5 lakh equity shares, is priced in the band of Rs 237 to Rs 250 per share. ADVERTISEMENT The issue will close on July 24, with allotment expected on July 25 and listing scheduled for July 29 on the BSE SME platform. At the retail end, investors must apply for at least 1,200 shares (two lots), translating to a minimum investment of Rs 2.84 lakh. The IPO is being managed by Beeline Capital Advisors, with Bigshare Services acting as registrar. Spread X Securities is the market in Mumbai, Monarch Surveyors provides end-to-end civil engineering consultancy services across the infrastructure landscape — including roads, railways, ports, oil & gas, and urban transit offerings span surveying and mapping, geotechnical investigations, GIS-based land planning, engineering design, project reports, and bid process management. ADVERTISEMENT The company prides itself on precision, technical depth, and optimal resource utilisation — strengths that have helped it build a wide client base and execute high-stakes projects Surveyors has seen consistent financial growth, with revenue rising 10% year-on-year to Rs 155.66 crore in FY25, while profit after tax surged 16% to Rs 34.83 crore. ADVERTISEMENT The IPO proceeds are aimed at scaling operations. About Rs 32 crore will be used to fund capital expenditure for new machinery, Rs 30 crore for working capital needs, and the rest towards general corporate the grey market premium running at 64% over the upper band, the IPO has already generated strong investor appetite. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
22-07-2025
- Business
- Time of India
Monarch Surveyors IPO opens for subscription amid strong investor buzz; GMP at 64%
Monarch Surveyors and Engineering Consultants opened its Rs 94 crore IPO for subscription today, drawing strong investor attention with a grey market premium (GMP) of 64%. The IPO, which is entirely a fresh issue of 37.5 lakh equity shares, is priced in the band of Rs 237 to Rs 250 per share. The issue will close on July 24, with allotment expected on July 25 and listing scheduled for July 29 on the BSE SME platform. Explore courses from Top Institutes in Select a Course Category Others Finance MCA others MBA PGDM Degree Cybersecurity Product Management Operations Management Data Science Artificial Intelligence Management Project Management Technology Data Science Data Analytics healthcare Digital Marketing Leadership Design Thinking CXO Healthcare Public Policy Skills you'll gain: Duration: 9 months IIM Lucknow SEPO - IIML CHRO India Starts on undefined Get Details Skills you'll gain: Duration: 28 Weeks MICA CERT-MICA SBMPR Async India Starts on undefined Get Details Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT-ISB Transforming HR with Analytics & AI India Starts on undefined Get Details At the retail end, investors must apply for at least 1,200 shares (two lots), translating to a minimum investment of Rs 2.84 lakh. The IPO is being managed by Beeline Capital Advisors, with Bigshare Services acting as registrar. Spread X Securities is the market maker. Headquartered in Mumbai, Monarch Surveyors provides end-to-end civil engineering consultancy services across the infrastructure landscape — including roads, railways, ports, oil & gas, and urban transit systems. Its offerings span surveying and mapping, geotechnical investigations, GIS-based land planning, engineering design, project reports, and bid process management. The company prides itself on precision, technical depth, and optimal resource utilisation — strengths that have helped it build a wide client base and execute high-stakes projects efficiently. Monarch Surveyors has seen consistent financial growth, with revenue rising 10% year-on-year to Rs 155.66 crore in FY25, while profit after tax surged 16% to Rs 34.83 crore. The IPO proceeds are aimed at scaling operations. About Rs 32 crore will be used to fund capital expenditure for new machinery, Rs 30 crore for working capital needs, and the rest towards general corporate purposes. With the grey market premium running at 64% over the upper band, the IPO has already generated strong investor appetite.
