Monarch Surveyors IPO Opens Strong: Booked 20 Times So Far On Day 1, GMP Jumps to Rs 165 - Will You Apply?

Monarch Surveyors & Engineering Consultants' Rs 93.75 crore IPO opened for subscription today, July 22, and saw an overwhelming response from investors. The IPO was fully subscribed within minutes, with bids flooding in from retail and high-net-worth individuals (HNIs), driven by strong market sentiment and a rising grey market premium (GMP).

Monarch Surveyors Subscription Details:

By 2:55 PM, the IPO had been subscribed 12.60 times, receiving bids for over 3.12 crore shares against just 24.81 lakh shares available. Retail investor participation stood out, with that portion oversubscribed by nearly 20 times. Non-institutional investors booked their share nearly 12 times. However, the Qualified Institutional Buyers (QIB) segment remained modestly subscribed at 1.19 times.

Monarch Surveyors IPO GMP:

Monarch Surveyors IPO grey market premium (GMP) climbed to Rs 165 per share, a steep increase from Rs 135 just a few days ago. Based on the upper end of the price band at Rs 250, the expected listing price could reach around Rs 415, translating into a 66% premium, according to investorgain.com.

However, GMP is unofficial and should not be the sole basis for investment decisions. Investors should assess the company's fundamentals and their risk profile before investing.

Monarch Surveyors IPO Details:

The Monarch Surveyors IPO is priced between Rs 237 and Rs 250 per share. This IPO is a completely fresh issue of 37.50 lakh shares, with no Offer for Sale (OFS) component.

Each lot contains 600 shares, and retail investors must apply for a minimum of two lots, which means an investment of Rs 2,84,400.

The IPO is open for subscription from July 22 to July 24. The allotment of shares will take place on July 25, with refunds, if any, being initiated on July 28. Shares will be credited to investors' Demat accounts the same day, and the company is expected to be listed on the BSE SME platform on July 29.

Beeline Capital Advisors is the book-running lead manager for the IPO, while Bigshare Services Pvt Ltd is the registrar.

The funds raised will be used for purchasing machinery, covering working capital requirements, and for general corporate purposes.

Monarch Surveyors IPO Anchor Investment:

Monarch Surveyors IPO raised Rs 26.54 crore from 19 anchor investors. The anchor bidding took place on July 21, 2025. Aarth Aif Growth Fund, Morgan Stanley Asia (Singapore), Beacon Stone Capital Vcc - Beacon Stone, Innovative Vision Fund and Viney Growth Fund are among the top anchor investors.

Monarch Surveyors Financials:

Monarch Surveyors & Engineering Consultants Ltd. saw a 10% increase in revenue and a 16% rise in profit after tax (PAT) between the financial years ending March 31, 2024, and March 31, 2025.

About Monarch Surveyors:

Founded in 1999 and based in Pune, Monarch Surveyors & Engineering Consultants is a full-service civil infrastructure consultancy. The company provides end-to-end solutions for infrastructure projects-including survey, design, land acquisition, geospatial mapping, technical supervision, and execution planning.

With more than 500 professionals and 68 ongoing high-value projects, Monarch is closely involved with public sector clients and major infrastructure works across India. The firm positions itself as a strategic partner in India's infrastructure-led economic growth story.

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