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IPO Analysis > monarch-surveyors-bse-sme


Monarch Surveyors IPO Highlights You Shouldn’t Miss

In the Interim Budget 2024-25, the government increased its spending on infrastructure by 11.1%. It brings the total capital investment to ₹11.11 lakh crore (around USD 133.86 billion). This means the government is spending 3.4% of the country’s GDP just to improve roads, bridges, railways, and more.

Monarch Surveyors has been a part of this sector and has boosted its revenue over the past few years. Now, it's launching its IPO as the next big step.

The Monarch Surveyors IPO lead manager is Beeline Capitals. While the registrar of this IPO is Bigshare Services.

Check the RHP for more Monarch Surveyors IPO details.

Note: The lock-in period will end in 30 days after the allocation of half of the shares. The rest become free from lock-in after 90 days.

Monarch Surveyors IPO: Company Profile

Here's a quick guide with the information you need to know about Monarch Surveyors IPO.

 

Particulars

Details

Established

1999

Registered Office 

Pune, Maharashtra

Promoter

Mr. Dattatraya Mohaniraj Karpe

Projects 

Design for land acquisition, railways, geospatial, roads, town planning, metros, mapping, water, and other sectors.

Number of Employees

507

Services 

Surveying, GIS (Geographic Information System) based land plans, mapping, conceptualising, design, and construction supervision

Awards 

Certificate of Appreciation from MMRDA and Government of Maharashtra 

Competitors

Rudrabhishek Enterprises and Dhruv Consultancy 


Exploring the Monarch Surveyors IPO

Get important takeaways that show why Monarch Surveyors’ IPO might be worth investing.

  • Monarch Surveyors IPO Date

Here’s a timeline detailing the important dates for the Monarch Surveyors IPO process.


Event

Date

IPO Opens for Bidding

22 July 2025

IPO Closes for Bidding

24 July 2025

UPI Mandate Approval Deadline

24 July 2025 (5 PM)

Finalisation of Share Allotment

25 July 2025

Refunds Start for Unsuccessful Applicants

28 July 2025

Shares Reaching to Demat Accounts

28 July 2025

Listing on Stock Exchanges

29 July 2025

UPI Mandate Auto-Expiry Date

08 August 2025

50% Lock-in Period Ends for Anchor Investors

24 August 2025

Full Lock-in Period Ends for Anchor Investors

23 October 2025


  • Monarch Surveyors IPO size

Get a detailed overview of the IPO size and intended capital deployment.


Particulars

Number of Equity Shares

Aggregate Value

Fresh Issue 

37,50,000

₹93.75 Crores

Offer for Sale

Overall Issue 

37,50,000

₹93.75  Crores


  • Objectives of the offer

Know the allocation plan for proceeds from the Monarch Surveyors IPO.


Particular

Amount (₹ in Lakhs)

Funding for the purchase of machinery

3,198.89

For the working capital 

3000.00

General corporate purposes

Not Disclosed


  • Other Takeaways from the Monarch Surveyors IPO Price

Check out the important information on issue pricing and exchange where shares will be listed.


Particulars

Description

Face value of each share

₹10

Price Range

₹237 - ₹250

Listed At 

BSE SME


  • Categorisation of different investors 

Allocation details for retail, HNI, and QIB categories are as follows: 


Investor Category

Market Maker

QIBs

NIIs

RIIs

Total Shares Reserved

2,07,000 

17,69,400 

5,32,800 

12,40,800 equity shares

Minimum Application Size

Not Disclosed

Not Disclosed

Not Disclosed

Not Disclosed

Maximum Application Size

Not Disclosed

Not Disclosed

Up to full issue size excluding QIB quota

Up to full offer size excluding QIB quota


Open a demat account with leading brokers to participate in IPO bidding.

Monarch Surveyors IPO details: Key Financials 

Here’s an overview of recent financials that shows Monarch Surveyors’ operational strength.


Particulars

March 31, 2025 (₹ in Lakhs)

March 31, 2024 (₹ in Lakhs)

March 31, 2023 (₹ in Lakhs)

Share Capital

1,040.60

8.60

8.60

Net Worth

10880.24

7,397.00

4,396.28

Total Revenue

15,566.09

14,127.33

7,272.14

Profit after Tax

3,483.24

3,000.72

858.92

Earnings Per Share with Bonus

33.47

28.84

8.25

Net Asset Value

104.56

71.08

42.25

Total Borrowings

1428.53

1296.30

837.38


Metrics of Monarch Surveyors IPO  


Particulars

2025

2024

2023

Revenue from Operations (%)

10.49%

94.61%

65.03%

EBITDA Margin (%)

33.15%

30.67%

16.29%

PAT Margin (%)

22.60%

21.51%

11.98%

Return on Equity (RoE) (%)

32.01%

40.57%

19.54%

Return on Capital Employed (RoCE) (%)

39.59%

48.54%

22.20%

Strengths and risks

Get strategic insights into business fundamentals and major IPO concerns.


Strength


  • Grew steadily with rising revenue and profits

  • Handles everything from land surveys to full project execution

  • Has strong presence in both government and private projects

  • Works across many sectors like roads, railways, metros, ports, and oil & gas


Risks


  • Major revenue of the business (84%) comes from Maharashtra 

  • Faces stiff competition due to tender-based project bidding

  • Has a few big clients, so losing any could affect business

  • Involved in ongoing legal matters that may impact finances

IPO Closing Soon: Is Monarch Surveyors IPO Worth the Rush?

The Monarch Surveyors IPO GMP is ₹150 and it shows a 60% premium over the top end of the price band. That’s a strong sign of investor interest!

In this review, we’ve covered everything you need to know before placing your bid. Thinking of investing? You can apply for the Monarch Surveyors IPO right here.

FAQs

1. What are the bidding Monarch Surveyors IPO dates?
The Monarch Surveyors IPO will be opening for subscription on 22 July 2025 and closing on 24 July 2025. Investors should place their bids within this period through their brokers or platforms.

2. What does the Monarch Surveyors IPO GMP indicate?
The current GMP for Monarch Surveyors IPO is ₹150, suggesting a strong 60% premium over the upper price band of ₹250. This reflects positive grey market sentiment and possible listing gains.

3. What is the official Monarch Surveyors IPO price?
The Monarch Surveyors IPO is priced between ₹237 and ₹250 per share. The final allotment will be based on demand and price discovery within this range.

4. Is a demat account required to apply for Monarch Surveyors IPO?
Yes, investors can get a demat account for the Monarch Surveyors IPO application. Shares will be allotted and investors can get them directly in their demat account after successful bidding.

5. Can retail investors apply for the Monarch Surveyors SME IPO?
Only investors applying for ₹2 lakh or more can participate due to SME IPO norms. This restricts many small retail investors, as the minimum investment threshold is relatively higher than in mainboard IPOs.