Monarch Surveyors IPO Opens July 22: Check GMP, Lot size

Monarch Surveyors & Engineering Consultants Ltd will soon be in a public issue. The civil engineering consulting firm based in Maharashtra has shown consistent growth in both revenue and profit, and further growth opportunities will arise from the market demand for India's infrastructure development and expansion. Founded in 1992, Monarch Surveyors is a solid engineering consulting firm that provides a wide variety of services including topographic surveys, project management, and engineering solutions services across many commercial and industrial sectors of India. The IPO price band is ₹237-₹250 per equity share, and given the positive GMP of Monarch Surveyors IPO, we can expect a positive listing premium for this stock. Monarch Surveyors IPO GMP today has generated significant interest from a group of retail and institutional investors; participants in the market are eagerly waiting for the engineering consulting services IPO results.

IPO Dates for Monarch Surveyors & Engineering Consultants Ltd

The Monarch Surveyors IPO is scheduled to open on July 22, 2025, and close on July 24, 2025. The Board of Allotment (BoA) date is expected to be announced by July 25, 2025, with listing planned for July 29, 2025.

IPO Details Summary

Investors closely observe the Monarch Surveyors IPO GMP which is indicating good demand in advance of listing. This IPO is a development in the Monarch Surveyors IPO list BSE SME platform where there is huge opportunity in engineering consultancy.

About Monarch Surveyors & Engineering Consultants Ltd

Monarch Surveyors & Engineering Consultants Ltd, established in Pune, Maharashtra, is one of the top civil engineering consultancy firms providing integral infrastructure and engineering solutions as consultants within commercial, industrial, and specialized project segments. This organization has provided its clients with a variety of services throughout the years using the experience gained from being involved in engineering consultancy for decades.

Monarch Surveyors is the infrastructure and engineering consultancy organization that provides services for Maurashtra, which when combined with Mumbai and Navi Mumbai, is one of the most developed industrial areas in India. Located in Pune, Monarch Surveyors without question has access to skilled technical professionals, established industrial product and networking linkages, and excellent rapidly changing infrastructure facilitation in Maharashtra giving Monarch Surveyors the opportunity to take advantage of future expanding infrastructure opportunities throughout India. 

The expertise of this organization extends beyond traditional surveying and engineering capabilities as they provide integral engineering solutions in respect of project management, project execution support, technical consultancy and tailored solutions to support client outcomes. Monarch Surveyors is providing services delivering various deliverables in respect of topographic surveys, engineering consultancy, project execution support and specialized professional technical solutions for planning and delivering enhanced infrastructure development.

The company intends to raise ₹93.75 crores by way of this IPO, in order to enhance operations, enhance technical capabilities, and support growing initiatives with increased cash for working capital. With high investor interest, positive Monarch Surveyors IPO GMP, and a constructive market environment, Monarch Surveyors & Engineering Consultants Ltd is poised to gain from India’s increasing infrastructure development and engineering consultancy industries.

Financial Performance of Monarch Surveyors & Engineering Consultants Ltd

The company has demonstrated strong financial performance with steady revenue growth and improving profitability across key metrics:

Performance Analysis

Monarch Surveyors and Engineering Consultants Ltd has shown a positive and healthy growth trajectory, with assets expanding from ₹64.51 Cr (Mar-23) to ₹148.06 Cr (Mar-25) and revenues growing from ₹72.72 Cr to ₹155.66 Cr. This indicates positive growth in revenues with visible potential for scalability and market acceptance of its services to clients.

What stands out is the positive growth in profit after tax, which increased from ₹8.59 Cr (Mar-23) to ₹34.83 Cr (Mar-25), demonstrating that company optimised profitability and provided effective and operational efficiency in its operations. Similarly, its EBITDA had a significant progressive growth, increasing from ₹11.68 Cr to ₹51.10 Cr, where it has shown a positive operational performance and better management of margins. 

Monarch Surveyors and Engineering Consultants Ltd has maintained a strong net worth throughout the two financial years, growing from ₹43.96 Cr to ₹108.80 Cr, providing a clear indication of how well the directors are maintaining the organisation's financial interests in terms of sustainability. The organisation has shown marginal borrowing practices, amounting ₹14.29 Cr whilst maintaining adequate operational cashflow to support further growth initiatives, suggesting appropriate financial management.

IPO Share Reservation

The IPO share allocation follows standard SEBI guidelines for SME listings:

Strengths

• Consistent revenue growth : Revenues increased from ₹72.72 Cr to ₹155.66 Cr, reflecting consistent business momentum and strong acceptance in the engineering consultancy industry.
• Strong profitability : PAT significantly increased from ₹8.59 Cr to ₹34.83 Cr, indicating excellent ability to operate efficiently and grow margins.
• Strong EBITDA growth : EBITDA grew from ₹11.68 Cr to ₹51.10 Cr, indicating strong operational completion and efficiency initiatives to control costs.
• Solid financial position : Net worth increased significantly from ₹43.96 Cr to ₹108.80 Cr, signalling strong financial health and value for shareholders.
• Strategically located : The company's headquarters is located in Pune, Maharashtra, offering access to technically skilled labour and the industrial ecosystem.
• Diversified services : Multiple service offerings across engineering consultancy, surveying, and project management provide revenue diversification and market resilience.
• Growing market opportunity : Increasing demand for engineering consultancy services driven by India's infrastructure development and industrialisation.
• Established reputation : The company was founded in 1992 and has over 30 years of experience and established client relationships.

Risks

• Project-based revenue : Revenue depends heavily on project completion cycles and client buying behaviour, leading to potential fluctuations in cash flow.
• Competitive landscape : Faces strong competition from larger, well-established firms with greater brand presence and client networks.
• Business cycle / economic sensitivity : Performance may be affected by fluctuations in government and private infrastructure spending.
• Technology evolution : Constant updates in surveying and engineering technologies require ongoing investments in new equipment and software.
• Regulatory dependencies : Changes in engineering standards, environmental guidelines, or compliance norms may impact operational practices.
• Talent dependency : Success relies on retaining skilled technical professionals; talent shortages could hinder growth.
• Working capital management : Project-based businesses require sound planning for cash flow, collections, and funding large-scale deliveries.

How to Apply for Monarch Surveyors & Engineering Consultants Ltd IPO?

Step-by-step guide (when IPO opens):

1. Log in to your broker app (Zerodha, Angel One, Groww, etc.)
2. Navigate to the IPO section and select Monarch Surveyors IPO
3. Click "Apply"
4. Enter:
   • Lot size (600 shares minimum)
   • Bid price (₹237–₹250 or select Cut-Off)
   • Your UPI ID
5. Submit the application
6. Approve the UPI mandate in your UPI app (PhonePe, GPay, etc.)

⏰ Important: The mandate must be approved before 5 PM on the same day or before the IPO closes.

How to Check Monarch Surveyors IPO Allotment Status?

You can check the Monarch Surveyors IPO allotment status through BSE and the registrar portal once the IPO opens.

Check on BSE

• Visit the BSE official website
• Navigate to the IPO Allotment Section
• Select Monarch Surveyors & Engineering Consultants Ltd IPO
• Enter PAN number or application number
• Submit details to get the allotment status

Check on the Registrar Portal

• Visit Bigshare Services Pvt Ltd’s allotment page
• Select IPO allotment status
• Choose Monarch Surveyors & Engineering Consultants Ltd IPO
• Enter PAN or application number
• Submit to check status

Company Address

Name: Monarch Surveyors & Engineering Consultants Ltd
Address: 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: http://www.monarchconsultants.in/

IPO Registrar

Name: Bigshare Services Pvt Ltd
Address: 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri(E), Mumbai - 400059
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html

Conclusion

Monarch Surveyors & Engineering Consultants Ltd. is a solid investment opportunity within the engineering consultancy domain. Growing steadily, Monarch Surveyors's finances have improved from ₹72.72 Cr revenue to ₹155.66 Cr revenue and ₹8.59 Cr PAT to ₹34.83 Cr PAT; strong fundamentals and operating performance. The price band of ₹237-₹250 and issue size of ₹93.75 crore in context of Monarch Surveyors IPO GMP and the positive Monarch Surveyors IPO subscription, indicate a more favorable investment decision.

Furthermore, Monarch Surveyors & Engineering Consultants Ltd. is based in Pune, and now provide services in all areas under the engineering consultancy umbrella. India's infrastructure sector is expected to continue its growth trajectory driven by the Indian government's initiatives and private sector growth. Monarch Surveyors is well-positioned to capture pertinent growth via infrastructure and with familiarity in the engineering consultancy space should be able to benefit from the potential opportunities in the market. For investors looking for exposure to India's engineering consultancy and infrastructure development sectors, Monarch Surveyors would be a compelling investment, especially given the Monarch Surveyors IPO GMP and positive market environment.

Investors should be aware of the specific risks associated with engineering consulting investments, including, but not limited to project execution, competitive landscape, and economic sentiment analysis.

Disclaimer : This analysis is prepared for educational purposes only and should not be considered as financial advice. Investors should consult their financial advisors and conduct thorough research before making investment decisions. Investments in equity markets are subject to market risks, including volatility and sector-specific challenges.

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