Monarch Surveyors IPO Debuts on BSE SME with Stellar 84% Grey Market Premium
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.
*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:
- Investor confidence in the infrastructure and consultancy sectors
- Positive sentiment towards SME listings
- 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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