Monarch Surveyors & Engineering Consultants came to market through an SME IPO that opened on 22 July 2025 and closed on 24 July 2025, and the shares listed on 29 July 2025 on BSE SME. The price band was ₹237 to ₹250 per share and one lot was 600 shares, so the minimum application was ₹1,50,000. The issue size was ₹93.75 crore. The whole issue was fresh shares, so the money raised went to the company.
Bigshare Services Pvt Ltd was the registrar to the issue, and Beeline Capital Advisors Pvt Ltd was the lead manager.
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Founded in 1992, Monarch Surveyors & Engineering Consultants Limited is a civil engineering consultancy company. The company provides wide-ranging services covering topographic surveys, project management consultancy, design and engineering, geotechnical investigations, land acquisition, GIS mapping, and feasibility studies.
The company has executed projects successfully in different sectors, namely railways, roads, ports, and oil & gas.The company offers consultancy services in all infrastructure projects, viz., surveying, design, technical supervision, and land acquisition in roads, highways, railway, metro, and geospatial mapping, ensuring efficient and precise project execution. Services:
Surveying and Mapping Geo-Technical, Traffic, and other Engineering Investigation Conceptualising, Design and Engineering GIS-Based Land Planning and Land Acquisition Services Detailed Project Report and Bid Process Management As of March 31, 2024, the company has a total of 417 Employees.
As described in the offer document.
| Metric | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
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Mr. Dattatraya Mohaniraj Karpe, Mr. Sanjay Bhalchandra Vidwans, Mr. Sunil Shrikrishna Bhalerao, Mr. Bhartesh Rajkumar Shah. Promoter holding 98.42% before the issue and 72.35% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Monarch Surveyors & Engineering Consultants IPO was a ₹93.75 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹237–₹250 per share with a lot size of 600 shares; the minimum retail application was 1,200 shares (₹3,00,000). The IPO was open from July 22 to July 24, 2025. Shares listed on BSE SME on July 29, 2025 at ₹421.25, a 68.5% premium to the issue price of ₹250. Bigshare Services Pvt Ltd is the registrar.
Beeline Capital Advisors Pvt Ltd is the book running lead manager.
The price band of Monarch Surveyors & Engineering Consultants IPO is ₹237 to ₹250 per share.
The lot size of Monarch Surveyors & Engineering Consultants IPO is 600 shares.
The minimum investment for Monarch Surveyors & Engineering Consultants IPO is approximately ₹1,50,000 based on the upper price band.
The allotment date of Monarch Surveyors & Engineering Consultants IPO is Jul 25, 2025.
Monarch Surveyors & Engineering Consultants IPO's final recorded GMP before listing was ₹190 per share (a 76% premium over the ₹250 upper price band). The shares listed at ₹421.25. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Monarch Surveyors & Engineering Consultants IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Monarch Surveyors & Engineering Consultants IPO allotment status on Rupix for quick and easy access.
₹237 to ₹250 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,50,000. After listing, SME shares also trade in lots rather than one share at a time.
₹1,50,000, for one lot of 600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 22 July 2025 and closed on 24 July 2025.
The basis of allotment was published on 25 July 2025 by Bigshare Services Pvt Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 29 July 2025 on BSE SME.
The issue size was ₹93.75 crore. The fresh issue was 37,50,000 shares (aggregating up to ₹93.75 crore).