
Monarch Surveyors SME IPO
ListedBSE SMEOpens 22 July 2025Closes 24 July 2025
Monarch Surveyor provides comprehensive consultancy services for infrastructure projects, from concept to commissioning. Its service offerings include surveying, design services, and technical supervision. The company…
Monarch Surveyor provides comprehensive consultancy services for infrastructure projects, from concept to commissioning. Its service offerings include surveying, design services, and technical supervision. The company focuses across various areas including roads and highways, railways and metros, geospatial and mapping, land acquisition, water management, and transmission lines and pipelines.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
22 Jul 2025
IPO Closes
24 Jul 2025
Allotment
25 Jul 2025
Listing
29 Jul 2025
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 22 July 2025 |
| IPO Close Date | 24 July 2025 |
| Allotment Date | 25 July 2025 |
| Listing Date | 29 July 2025 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Individual | 2 | ₹3,00,000 |
SHNI (Min) | 3 | ₹4,50,000 |
SHNI (Max) | 6 | ₹9,00,000 |
BHNIAbove ₹10,00,000 | 7 | ₹10,50,000 |
IPO Objectives
- Funding capital expenditure requirement for purchase of machinery.
- Funding Working Capital Requirement of the Company.
- General Corporate Purposes.
Strengths
- Wide range of service portfolio providing comprehensive consultancy services for infrastructure projects, from concept to commissioning, including surveying, design, and technical supervision.
- Strong customer base including corporates, State Governments, Municipalities, and other government authorities, demonstrating diversified client engagement.
- Optimal utilization of Resources by leveraging advanced technologies like LiDAR, DGPS, UAV-based drone mapping, and proprietary Python-based GIS workflows for precision and efficiency.
- Experienced promoter and management Team with decades of experience in the infrastructure consultancy industry, driving strategic vision and operational excellence.
- Strong financial performance with consistent growth in both top and bottom lines (revenue up by 10% and PAT up by 16% between FY24 and FY25), along with robust profit margins and efficient capital deployment.
Weaknesses
- High client concentration: The top 10 clients contributed significantly to the revenue (84.52% in FY25), creating a risk if any major client reduces or terminates contracts.
- Geographic concentration risk: A substantial portion of the company's revenue is concentrated in Maharashtra (84.02% in FY25), making it vulnerable to regional economic shifts, policy changes, or funding disruptions.
- Working capital intensive business due to the nature of consultancy services for large infrastructure projects, which often requires significant upfront costs and receivables.
- Reliance on government projects: A major portion of revenue depends on projects tendered by government departments, which can be subject to competitive bidding and potential delays in approvals or payments.
Financial Performance
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets (₹ Cr.) | 148.06 | 102.12 | 64.51 |
| Revenue (₹ Cr.) | 155.66 | 141.27 | 72.72 |
| PAT (₹ Cr.) | 34.83 | 30.01 | 8.59 |
| Net Worth (₹ Cr.) | 108.8 | 73.97 | 43.96 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Monarch Surveyors & Engineering | 2.39 | 10.16 | 32.01% | 108.8 |
| Manglam Infra & Engineering | 0.87 | 13.17 | 6.62% | 17.1 |
| Rudrabhishek Enterprises | 2.04 | 22.73 | 8.99% | 124 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 2.21x | 11.89x | 179.01x |
| NII | 18.3x | 82.15x | 317.05x |
| S-HNI | 18.44x | 66.17x | 224.26x |
| B-HNI | 18.22x | 90.72x | 364.02x |
| RII | 27.6x | 92.6x | 263.01x |
| Total | 18.36x | 67.33x | 250.65x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 7,08,000 | 12,67,38,600 | 3,168.46 |
| NII | 5,32,800 | 16,89,22,800 | 4,223.07 |
| Small NII | 1,77,600 | 3,98,28,600 | 995.72 |
| Big NII | 3,55,200 | 12,93,01,200 | 3,232.53 |
| RII | 12,40,800 | 32,63,44,800 | 8,158.62 |
| Total | 24,81,600 | 62,20,06,200 | 15,550.16 |
Company Details
- Monarch Surveyors & Engineering Consultants Ltd.
- Monarch House, CTS No. 434/1, Near Kawade Petrol Pump, Ghorpadi Gaon, Hadapsar (N.V.), Haveli, Pune, Maharashtra-411036
- +91 9766509911
- cs@monarchpune.in
- http://www.monarchconsultants.in/
Registrar Details
- Bigshare Services Pvt Ltd
- +91-22-6263 8200
- ipo@bigshareonline.com
- https://ipo.bigshareonline.com/IPO_Status.html
Frequently Asked Questions
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Sources
We match Monarch Surveyors SME IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Bigshare Services Pvt LtdOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.