Monarch Surveyors IPO GMP Climbs: SME Offer Subscribed 105.72 Times By Day 3
Monarch Surveyors IPO GMP Today: The grey market premium has risen from 66% to 72%, suggesting strong potential listing gains for investors.
The initial public offering (IPO) of Monarch Surveyors & Engineering Consultants Ltd is set to conclude today, Thursday, July 24. The price range for this BSE SME IPO—which aims to raise ₹93.75 crore—has been set at ₹250 per equity share.
As of 11:34 am on the third day of bidding (Thursday), the issue had been subscribed 105.72 times, with total bids for 26,23,54,800 shares compared to 24,81,600 shares available.
Retail and Non-Institutional Investor (NII) segments recorded 141.96x and 135.02x subscriptions, respectively, while the Qualified Institutional Buyers (QIB) category saw 20.16x subscription.
The IPO’s grey market premium (GMP) has surged from 66% to 72%, hinting at significant potential gains upon listing.
The three-day IPO commenced on July 22.
About Monarch Surveyors & Engineering Consultants Ltd:
Founded in 1992, the company is a civil engineering consultancy offering comprehensive services across infrastructure sectors, including roads, railways, ports, and oil & gas.
Monarch Surveyors IPO GMP Today
According to market trackers, the unlisted shares of Monarch Surveyors & Engineering Consultants Ltd are currently trading at ₹430, compared to the IPO price of ₹250. This reflects a 72% grey market premium, signaling strong listing performance expectations.
GMP is driven by investor sentiment and is subject to change. The grey market premium represents the extra amount investors are willing to pay over the issue price.
Monarch Surveyors IPO Price and Lot Size
The IPO price has been set at ₹250 per share, and the minimum lot size is 600 shares.
Hence, retail investors will need to invest at least ₹2,84,400 to apply.
Monarch Surveyors IPO Allotment and Listing Dates
The basis of allotment will be finalised on July 25.
Shares are scheduled to be listed on the BSE SME platform on July 29.
Monarch Surveyors IPO: Additional Details
This IPO is a book-built issue of ₹93.75 crore, comprising a fresh issue of 37.50 lakh shares.
Between the financial years ending March 31, 2024 and March 31, 2025, the company’s revenue grew by 10%, and profit after tax (PAT) rose by 16%.
Beeline Capital Advisors Pvt Ltd is the book-running lead manager, Bigshare Services Pvt Ltd is the registrar, and Spread X Securities Pvt Ltd is the market maker for the issue.
