Monarch Surveyors IPO Debuts on BSE SME with Stellar 84% Grey Market Premium

1 min read     Updated on 29 Jul 2025, 08:00 AM
scanxBy ScanX News Team
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Overview

Monarch Surveyors and Engineering Limited is preparing for its BSE SME platform listing with a grey market premium suggesting a potential 84% gain. The IPO was heavily oversubscribed across all investor categories, with the non-institutional segment leading at 317.05 times. The company, specializing in civil engineering consultancy, reported revenue of Rs 155.66 crore and profit after tax of Rs 34.83 crore in its most recent financial period. The strong investor interest may reflect confidence in the infrastructure sector and positive sentiment towards SME listings.

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*this image is generated using AI for illustrative purposes only.

Monarch Surveyors and Engineering Limited is set to make a grand entrance on the BSE SME platform today, with market indicators suggesting a potentially robust listing. The initial public offering (IPO) has garnered significant attention from investors across categories, reflecting strong market sentiment.

Grey Market Premium Signals Bullish Listing

The grey market, often considered a barometer for listing day performance, is showing a premium of Rs 210 for Monarch Surveyors' shares. This indicates a potential listing price of Rs 460, a substantial 84% higher than the issue price of Rs 250. While grey market premiums are unofficial and speculative, they often provide insights into market expectations.

IPO Subscription Details

The Rs 94 crore IPO of Monarch Surveyors witnessed overwhelming investor interest:

Category Subscription (times)
Overall subscription 250.65
Retail investors' portion 263.01
Non-institutional investors' segment 317.05
Qualified institutional buyers' category 179.01

These figures underscore the strong demand across investor categories, particularly from non-institutional investors.

Company Overview

Monarch Surveyors and Engineering Limited specializes in providing civil engineering consultancy services. Their core offerings include:

  • Surveying
  • GIS mapping
  • Project management

The company caters to clients across various infrastructure sectors, including:

  • Roads
  • Railways
  • Ports
  • Oil and gas

With a workforce of 417 employees, Monarch Surveyors has established itself as a significant player in the engineering consultancy space.

Financial Highlights

For the most recent reported period, Monarch Surveyors and Engineering Limited disclosed the following financial metrics:

  • Revenue: Rs 155.66 crore
  • Profit After Tax: Rs 34.83 crore

These figures suggest a healthy profit margin, which may have contributed to the strong investor interest in the IPO.

Market Implications

The robust subscription numbers and high grey market premium for Monarch Surveyors' IPO may reflect:

  1. Investor confidence in the infrastructure and consultancy sectors
  2. Positive sentiment towards SME listings
  3. Appetite for companies with strong financial performance

As the company makes its debut on the BSE SME platform, market participants will be keenly watching its performance, which could set the tone for future SME listings in the engineering and consultancy space.

Disclaimer: Stock market investments are subject to market risks. The grey market premium is not an official measure and should not be the sole basis for investment decisions.

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