Monarch Surveyors IPO Lists with 68.5% Premium Backed by Massive 250x Subscription

The civil engineering consultancy firm, Monarch Surveyors & Engineering Consultants Limited, made a stellar debut on the BSE SME platform on July 29, 2025. After closing its IPO bidding between July 22 - July 24, 2025, the company commenced trading with an impressive 68.5% premium to its issue price, delivering exceptional returns to investors backed by outstanding subscription response in the infrastructure consultancy sector.

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 Monarch Surveyors Listing Details

Monarch Surveyors & Engineering Consultants Limited launched its IPO at ₹250 per share with minimum investment of 1,200 shares costing ₹3,00,000. The IPO received exceptional response with subscription of 250.65 times - NII segment leading at remarkable 317.05 times, retail investors at 263.01 times, and QIB at 179.01 times, reflecting extraordinary market appetite for comprehensive infrastructure consultancy services.

Listing Price:  The Monarch Surveyors share price opened at ₹421.25 on BSE SME, representing a premium of 68.5% from the issue price of ₹250, delivering outstanding gains of approximately ₹2,05,500 per lot for allotted investors and demonstrating exceptional investor confidence in engineering consultancy services.

First-Day Trading Performance Outlook

Monarch Surveyors delivered exceptional debut performance with substantial premium reflecting strong investor confidence in infrastructure consultancy companies with comprehensive service offerings. The company, incorporated in 1992, provides end-to-end civil engineering consultancy services including topographic surveys, geotechnical investigations, project management, engineering design, land acquisition, GIS mapping, and feasibility studies across railways, roads, ports, and oil & gas sectors with 417 employees offering optimal resource utilisation.

Utilisation of IPO Proceeds

• Machinery Purchase: ₹31.99 crore for capital expenditure requirements including purchase of advanced machinery enhancing service capabilities and operational efficiency
• Working Capital Requirements: ₹30.00 crore for funding operational needs supporting project execution and business expansion
• General Corporate Purposes: Remaining funds for strategic initiatives and operational requirements

Growth Drivers and Challenges

Growth Drivers:

• Comprehensive Service Portfolio: Wide range of consultancy services spanning surveying, design, technical supervision, and land acquisition providing one-stop solutions for infrastructure projects
• Diversified Sector Exposure: Strong presence across railways, roads, ports, and oil & gas sectors ensuring revenue diversification and reduced sector dependency
• Experienced Management Team: Three decades of operational experience with strong execution capabilities and established client relationships
• Strong Financial Performance: Revenue growth of 10% and PAT growth of 16% in FY25 with impressive PAT margin of 22.60% and EBITDA margin of 33.15%

Challenges:

• Project-Based Business Model: Revenue dependent on infrastructure project cycles and government spending patterns affecting business predictability
• Competitive Consultancy Market: Operating in competitive engineering consultancy sector with established players requiring continuous capability building
• Resource Intensity: Labour-intensive business model with 417 employees requiring effective human resource management and retention
• Economic Sensitivity: Business vulnerable to infrastructure spending slowdowns and economic cycles affecting project availability

Financial Performance of Anthem Biosciences IPO

• Revenue: ₹155.66 crore for FY25, showing steady 10% growth from ₹141.27 crore in FY24, reflecting consistent demand for engineering consultancy services and successful project execution.
• Net Profit: ₹34.83 crore in FY25, demonstrating solid 16% growth from ₹30.01 crore in FY24, with strong profitability margins through efficient service delivery and resource optimisation.
• Financial Metrics: Strong ROE of 32.01%, excellent ROCE of 39.59%, minimal debt-to-equity of 0.13, impressive PAT margin of 22.60%, robust EBITDA margin of 33.15%, and market capitalisation of ₹353.90 crore.

Monarch Surveyors represents an exceptional investment opportunity in the infrastructure consultancy sector with outstanding listing performance delivering 68.5% premium backed by record-breaking subscription response of 250.65 times. The company's comprehensive service portfolio, diversified sector exposure, and strong financial performance provide significant growth potential in India's expanding infrastructure market, validating extraordinary investor confidence reflected in the remarkable subscription response across all investor categories and exceptional debut performance.