Monarch Surveyors's ₹94 crore IPO opens: Key details here
Monarch Surveyors's ₹94 crore IPO is off to a strong start, with shares priced between ₹237 and ₹250 each.
The offer opened on July 22 and closes July 24; allotment is set for July 25, and the company plans to list on BSE SME by July 29.
The company behind the IPO
Based in Mumbai, Monarch Surveyors is a civil engineering consultancy that helps build big infrastructure projects—think roads, railways, ports, and urban transit.
They handle everything from surveying land to designing project reports so projects run smoothly and efficiently.
Financials, use of proceeds, and GMP
The company posted ₹155.66 crore revenue in FY25 (up 10% from last year) and profits rose 16% to ₹34.83 crore.
IPO funds will go toward new machinery, working capital, and general needs.
If you're thinking of investing as a retail investor, you'll need to apply for at least 1,200 shares (about ₹2.84 lakh).
A gray market premium of 64% shows there's plenty of buzz around this IPO right now.