Monarch Surveyors & Engineering Consultants has made a huge splash in the SME IPO space with a record-breaking 250x subscription. Here’s a complete guide to its allotment status, listing date, GMP, and what investors can expect next.
Key Dates to Remember
| Event | Date |
|---|---|
| IPO Open | July 22, 2025 |
| IPO Close | July 24, 2025 |
| Allotment Finalized | July 25, 2025 |
| Refunds Start | July 28, 2025 |
| Listing Date (BSE SME) | July 29, 2025 |
Allotment Status & IPO Subscription
- The allotment was finalized on July 25.
- It saw massive demand from all investor segments.
Subscription Breakdown:
- Retail Investors: 263x
- HNI/NII Category: 317x
- Qualified Institutional Buyers (QIB): 179x
- Overall Subscription: 250.65x
How to Check Allotment Status
You can check your allotment in two simple ways:
1. On Registrar (Bigshare Services) Website:
- Visit: ipo1.bigshareonline.com/IPO_Status.html
- Select “Monarch Surveyors” from the dropdown.
- Enter your PAN, Application Number, or DP/Client ID.
- Click Submit to see your allotment status.
2. On BSE Website:
- Go to the IPO Allotment Status section.
- Fill in the required details and submit.
IPO Details at a Glance
- Total Issue Size: ₹93.75 crore
- Price Band: ₹237 – ₹250 per share
- Lot Size: 600 shares
Minimum Investment:
- Retail Investors: 2 lots (1,200 shares) ≈ ₹3,00,000
- HNI Investors: 3 lots (1,800 shares) ≈ ₹4,50,000
Grey Market Premium (GMP) Update
- GMP as of July 25: ₹210
- Expected Listing Price: ₹460–₹470 (approx.)
- This reflects a potential gain of over 80% on listing day.
Company Overview: Monarch Surveyors
- Established in 1999, based in Pune.
- Offers services in civil engineering consultancy, land surveying, and geotechnical analysis.
- Serves both government and private infrastructure projects across India.
Financial Performance (FY24–25)
| Metric | Amount | Growth (YoY) |
|---|---|---|
| Revenue | ₹155.66 crore | +10% |
| Net Profit | ₹34.83 crore | +16% |
How the IPO Funds Will Be Used
- ₹31.99 crore for new machinery and equipment.
- ₹30 crore for day-to-day working capital needs.
- Remaining for general corporate expenses.
Category-wise Subscription Summary
| Category | Subscription (x) |
|---|---|
| QIB | 179x |
| HNI/NII | 317x |
| Retail | 263x |
| Total Overall | 250.65x |
What to Expect on Listing Day?
- Refunds for unallocated investors will be processed on July 28.
- Listing on BSE SME will happen on July 29.
- With high demand and strong GMP, Monarch is expected to list at a premium.
FAQs – Monarch Surveyors IPO
What is the expected listing price of Monarch Surveyors?
With a GMP of ₹210, the stock may list between ₹460 to ₹470, offering strong listing gains.
How can I check if I got the allotment?
Visit the Bigshare Services or BSE IPO status page, and enter your PAN or application details to check.
What is the lot size and minimum investment?
Each lot contains 600 shares. Retail investors had to apply for a minimum of 2 lots, costing around ₹3 lakh.
Will Monarch Surveyors be a good stock for long-term investment?
The company has stable profits and serves major infrastructure projects. If growth continues, it may hold long-term potential beyond listing gains.
What happens if I didn’t get shares?
You will receive a refund by July 28. You can consider buying after listing based on market trends and stock performance.
Final Thoughts
Monarch Surveyors’ IPO is one of the hottest SME offerings of 2025. If you got the allotment, you’re sitting on potential strong gains. If not, don’t worry—this might be a stock to watch closely after listing too. With solid fundamentals and strong demand, it could remain a favorite among SME investors.
