All details for Monarch Surveyors IPO: Dates, price, subscription, financials, objectives, KPIs, registrar, and company overview.
Price Band: ₹237–250 | Allotment July 25 | Listing July 29, 2025
Monarch Surveyors IPO: At a Glance
IPO Timeline
| IPO Activity | Date |
|---|---|
| IPO Open Date | July 22, 2025 |
| IPO Close Date | July 24, 2025 |
| Tentative Allotment | July 25, 2025 |
| Refunds Initiation | July 28, 2025 |
| Credit of Shares to Demat | July 28, 2025 |
| IPO Listing Date | July 29, 2025 |
Anchor Investors
| Bid Date | Shares Offered | Anchor Portion Size (₹ Cr) | Lock-in (50%) | Lock-in (90%) |
|---|---|---|---|---|
| July 21, 2025 | 10,61,400 | 26.54 | Aug 24, 2025 | Oct 23, 2025 |
IPO Price & Lot Size
| Price Band | ₹237–250 per share |
|---|---|
| Market Lot | 600 Shares |
| Retail Min | 2 lots (1,200 shares) – ₹3,00,000 |
| Retail Max | 2 lots (1,200 shares) – ₹3,00,000 |
| S-HNI Min | 3 lots (1,800 shares) – ₹4,50,000 |
| S-HNI Max | 6 lots (3,600 shares) – ₹9,00,000 |
| B-HNI Min | 7 lots (4,200 shares) – ₹10,50,000 |
Company Financials (₹ Crore)
Bar Chart: Revenue, PAT & Net Worth
Line Chart: Revenue, PAT & Net Worth
| Period Ended | Assets | Revenue | Profit After Tax | EBITDA | Net Worth | Reserves & Surplus | Total Borrowing |
|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 148.06 | 155.66 | 34.83 | 51.10 | 108.80 | 98.40 | 14.29 |
| 31 Mar 2024 | 102.12 | 141.27 | 30.01 | 42.78 | 73.97 | 73.88 | 12.96 |
| 31 Mar 2023 | 64.51 | 72.72 | 8.59 | 11.68 | 43.96 | 43.88 | 8.37 |
Key Performance Indicators (KPI)
| KPI | Values |
|---|---|
| Market Cap | ₹353.90 Cr |
| ROE | 32.01% |
| ROCE | 39.59% |
| Debt/Equity | 0.13 |
| RoNW | 32.01% |
| PAT Margin | 22.60% |
| EBITDA Margin | 33.15% |
| Price to Book Value | 2.39 |
| EPS (Pre IPO) | 33.47 |
| EPS (Post IPO) | 24.61 |
| P/E (Pre IPO) | 7.47 |
| P/E (Post IPO) | 10.16 |
Objects of the Issue
| S.No. | Objects | Expected Amount (₹ Million) |
|---|---|---|
| 1 | Funding capital expenditure requirement for purchase of machinery | 319.89 |
| 2 | Funding Working Capital Requirement of the Company | 300 |
| 3 | General Corporate Purposes | — |
About Monarch Surveyors & Engineering Consultants Ltd.
Incorporated: 1992
Business: Civil engineering consultancy firm providing topographic surveys, project management, design, engineering, geotechnical investigations, land acquisition, GIS mapping, feasibility studies.
Sectors: Railways, roads, ports, oil & gas, highways, metros.
Services:
- Surveying and Mapping
- Geo-Technical, Traffic, and other Engineering Investigation
- Conceptualising, Design and Engineering
- GIS-Based Land Planning and Land Acquisition Services
- Detailed Project Report and Bid Process Management
Promoters: Dattatraya Mohaniraj Karpe, Sanjay Bhalchandra Vidwans, Sunil Shrikrishna Bhalerao, Bhartesh Rajkumar Shah
Competitive Strengths:
- Experienced Promoter and Management Team
- Wide Range of Services
- Diverse Client Base across sectors
- Optimal Utilization of Resources
- One-stop solution for infra projects: surveying, design, technical supervision, land acquisition, geospatial mapping
- High margins due to integrated services
Contact Details
Monarch House, CTS No. 434/1,
Near Kawade Petrol Pump, Ghorpadi Gaon,
Hadapsar (N.V.), Haveli, Pune, Maharashtra, 411036
Phone: +91 9766509911
Email: cs@monarchpune.in
Website: https://monarchpune.in/
Frequently Asked Questions (FAQ)
The price band for Monarch Surveyors & Engineering Consultants IPO is ₹237–₹250 per share, as announced in the Draft Red Herring Prospectus (DRHP).
The IPO will open for subscription on July 22, 2025, and close on July 24, 2025, as per the announced timeline.
The minimum investment for retail investors is 2 lots (1,200 shares), which amounts to ₹3,00,000 at the upper end of the price band (₹250 per share).
You can apply for the IPO through:
- Your bank's net banking platform (ASBA facility)
- Brokerage accounts (online or offline)
- Registered investment platforms
- Designated branches of syndicate banks
The exact application process will be detailed in the Red Herring Prospectus (RHP) when the IPO dates are confirmed. Note that bidding at the cut-off price is not allowed for any category.
Monarch Surveyors & Engineering Consultants Ltd. is a civil engineering consultancy firm specializing in topographic surveys, project management, design, engineering, geotechnical investigations, land acquisition, GIS mapping, and feasibility studies. Their revenue sources include:
- Surveying and mapping services
- Geotechnical, traffic, and engineering investigations
- Conceptualizing, design, and engineering services
- GIS-based land planning and land acquisition services
- Detailed project reports and bid process management
The company serves sectors such as railways, roads, ports, oil & gas, highways, and metros, offering a one-stop solution for infrastructure projects.
Key risks to consider include:
- Market risk: Dependence on infrastructure sector demand, which is sensitive to economic and policy changes
- Client concentration risk: Reliance on a diverse but potentially concentrated client base across sectors
- Operational risk: Dependence on skilled professionals and timely project execution
- Regulatory risks: Compliance with environmental, land acquisition, and sector-specific regulations
- Competition: Intense competition from other engineering consultancy firms
Investors should review the risk factors in the RHP before investing.
As per the DRHP, the net proceeds from the IPO (₹93.75 Cr) will be used for:
- Funding capital expenditure for purchase of machinery (₹31.99 Cr)
- Funding working capital requirements (₹30.00 Cr)
- General corporate purposes
Specific allocations will be detailed in the RHP.
Monarch Surveyors & Engineering Consultants has:
- Revenue growth from ₹72.72 Cr (FY23) to ₹155.66 Cr (FY25)
- PAT growth from ₹8.59 Cr (FY23) to ₹34.83 Cr (FY25)
- Net worth growth from ₹43.96 Cr (FY23) to ₹108.80 Cr (FY25)
- EBITDA growth from ₹11.68 Cr (FY23) to ₹51.10 Cr (FY25)
- 417 employees as of March 31, 2024
- Diverse client base across railways, roads, ports, oil & gas, highways, and metros
The company’s integrated service model and high-margin operations have driven consistent financial growth.
As of March 31, 2025:
- Total borrowings: ₹14.29 crore
- Debt-to-equity ratio: 0.13
- EBITDA: ₹51.10 Cr, supporting strong debt servicing capacity
The company maintains a low debt-to-equity ratio, reflecting a healthy capital structure.
The book running lead managers for Monarch Surveyors & Engineering Consultants IPO are not specified in the provided data. They will be announced in the RHP and are responsible for managing the IPO process, including investor roadshows, price discovery, and allocation.
