Monarch Surveyors IPO GMP: Should You Apply?
22 July 2025 · Sachin Gadekar
Monarch Surveyors IPO GMP: Grey Market Premium, Price Band, Review & Allotment Guide
About Monarch Surveyors & Engineering Consultants Ltd.
Ultra brings you an in-depth look at Monarch Surveyors IPO GMP, its subscription details, price band, allotment status, and what investors should know before subscribing.
Established in 1992, Monarch Surveyors & Engineering Consultants Ltd. is a civil engineering consultancy company. The firm provides a wide range of services, including surveying and mapping, geotechnical investigations, project management consultancy, design and engineering, GIS-based land planning, and land acquisition services. The company’s strong project portfolio includes roads, railways, ports, and oil & gas sectors.
With a team of over 400 employees, Monarch Surveyors has a proven track record of delivering complex infrastructure projects.
Monarch Surveyors IPO Details
Key highlights:
IPO Size: ₹93.75 crore (100% fresh issue)
Shares Offered: 37.5 lakh shares
Price Band: ₹237 – ₹250 per share
Lot Size: 600 shares
Retail Minimum Investment: ₹2,84,400 (2 lots = 1,200 shares)
HNI Minimum Investment: 3 lots (1,800 shares = approx. ₹4,50,000)
Monarch Surveyors IPO GMP Today
The Monarch Surveyors IPO GMP today is trending in the range of ₹35 – ₹50, based on various market sources. This means the share could list at a premium of 14% – 20% over its upper price band.
Example: If the issue price is ₹250 and GMP is ₹40, the expected listing price could be around ₹290 per share.
However, note that the GMP (Grey Market Premium) is an unofficial indicator and can fluctuate daily based on demand and market conditions.
Monarch Surveyors IPO GMP Review
The grey market sentiment for Monarch Surveyors IPO appears positive due to:
The company’s niche expertise in surveying and infrastructure consultancy.
Decent growth in revenue and profit over the last three years.
A well-diversified client base and strong execution capabilities.
Reasonable pricing for an SME IPO with good fundamentals.
The company reported a 10% revenue increase and 16% PAT growth for FY 2024-25 compared to FY 2023-24.
Monarch Surveyors IPO Lot Size & Investment
| Investor Type | Lots | Shares | Investment (Approx.) |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | ₹3,00,000 |
| Retail (Max) | 2 | 1,200 | ₹3,00,000 |
| sHNI (Min) | 3 | 1,800 | ₹4,50,000 |
| sHNI (Max) | 6 | 3,600 | ₹9,00,000 |
| bHNI (Min) | 7 | 4,200 | ₹10,50,000 |
Monarch Surveyors IPO Allotment Status
The Monarch Surveyors IPO allotment status will be declared on July 25, 2025. Investors can check the status on the BSE SME platform or the official registrar’s website by using their PAN, application number, or Demat account details.
Refunds for unallocated shares are expected to be processed by July 28, and the credited shares will appear in your Demat account by July 28.
Anchor Investors
The company raised ₹26.54 crore from anchor investors on July 21, 2025. The anchor lock-in period will partially expire on August 24, 2025 (for 50% shares) and fully by October 23, 2025.
Monarch Surveyors Company Financials
| Financials | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Revenue (₹ Cr.) | 155.66 | 141.27 | 72.72 |
| Profit After Tax (₹ Cr.) | 34.83 | 30.01 | 8.59 |
| EBITDA (₹ Cr.) | 51.10 | 42.78 | 11.68 |
| Assets (₹ Cr.) | 148.06 | 102.12 | 64.51 |
| Net Worth (₹ Cr.) | 108.80 | 73.97 | 43.96 |
| Reserves & Surplus (₹ Cr.) | 98.40 | 73.88 | 43.88 |
Strengths
Key Strengths:
Established Brand: Over three decades of experience in civil engineering consultancy.
Wide Service Range: From surveys to DPRs and GIS solutions.
Growing Revenue: Healthy topline and bottom-line growth.
Strong Client Base: Diverse sector presence, reducing dependency risk.
Monarch Surveyors IPO: Should You Subscribe?
The positive GMP trend, strong fundamentals, and decent anchor interest suggest good demand. Investors looking for SME IPO exposure can consider this as a short-term listing play or long-term growth opportunity. However, always review the risks of SME listings, which tend to have lower liquidity.
FAQs
Q1. What is Monarch Surveyors IPO GMP today?
The current Monarch Surveyors IPO GMP today is about ₹35–₹50 per share.
Q2. What is the Monarch Surveyors IPO price band?
The IPO price band is set at ₹237 – ₹250 per share.
Q3. What is Monarch Surveyors IPO allotment date?
The allotment date is July 25, 2025.
Q4. How can I check Monarch Surveyors IPO allotment status?
You can check the status on BSE SME or the registrar’s website with your PAN or application number.
Q5. What is the minimum investment for Monarch Surveyors IPO?
Retail investors must apply for a minimum of 2 lots (1,200 shares), requiring an investment of around ₹3,00,000.