31 Mar 2023
Assets64.51
Total Income72.72
EBITDA11.68
Profit After Tax8.59
NET Worth43.96
Reserves and Surplus43.88
Total Borrowing8.37
At a glance
Updated 2026-09-11The shares listed at ₹421.25, a 68.50% move from the issue price. Monarch Surveyors is a SME IPO with an issue size of ₹93.75 crore, proposed for listing on BSE SME. The offer opens on 22nd Jul 2025 and closes on 24th Jul 2025. The issue structure includes a fresh issue of ₹88.58 crore. The current listing schedule points to 29th Jul 2025.
Issue details
Listing atBSE SME
Issue typeBook Build Issue
Issue size₹93.75 Cr
Fresh issue₹88.58 Cr
Face value₹10
Price band₹237.00–₹250.00
Allotment25th Jul 2025
Listing29th Jul 2025
Listing performance
Full performance ↗Issue price₹250.00
Listing price₹421.25
Current price—
Listing gain68.50%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹210.00
GMP / upper price84.00%
Est. listing₹460.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens22nd Jul 2025
Closes24th Jul 2025
Allotment25th Jul 2025
Refund28th Jul 2025
Demat28th Jul 2025
Listing29th Jul 2025
Subscription demand
Full bidding ↗Total250.65×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 1200 | ₹300,000 |
Company
Incorporated1992
Use of proceeds
| Object | Amount |
|---|---|
| Funding capital expenditure requirement for purchase of machinery | ₹31.99 Cr |
| Funding working capital requirements of the Company | ₹30.00 Cr |
| General Corporate Purposes | ₹22.81 Cr |
| Issue Expenses | ₹8.95 Cr |
| Total | ₹93.75 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue155.66₹ Cr · +10.2% vs prior year
EBITDA51.10₹ Cr · +19.4% vs prior year
PAT34.83₹ Cr · +16.1% vs prior year
Assets148.06₹ Cr · +45.0% vs prior year
Net Worth108.80₹ Cr · +47.1% vs prior year
Borrowing14.29₹ Cr · +10.3% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2024
Assets102.12
Total Income141.27
EBITDA42.78
Profit After Tax30.01
NET Worth73.97
Reserves and Surplus73.88
Total Borrowing12.96
31 Mar 2025
Assets148.06
Total Income155.66
EBITDA51.10
Profit After Tax34.83
NET Worth108.80
Reserves and Surplus98.40
Total Borrowing14.29
KPIs
| KPI | Mar 31, 2025 |
|---|---|
| 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 |
Valuation & shareholding
Pre-IPO EPS33.47
Post-IPO EPS24.61
Pre-IPO P/E7.47
Post-IPO P/E10.16
Promoter holding pre98.42%
Promoter holding post72.35%
Market cap₹353.90 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| Monarch Surveyors and Engineering Consultants IPO | — | 10.16 x | — | — |
| Trident Techlabs IPO | — | 13.62 x | — | — |
| Nirmitee Robotics IPO | — | 185.00 x | — | — |
| DRA Consultants IPO | — | 5.00 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Funding capital expenditure requirement for purchase of machinery | ₹31.99 Cr |
| Funding working capital requirements of the Company | ₹30.00 Cr |
| General Corporate Purposes | ₹22.81 Cr |
| Issue Expenses | ₹8.95 Cr |
| Total | ₹93.75 Cr |
Registrar & lead managers
Registrar
Bigshare Services Pvt.Ltd.Lead managers
- Beeline Capital Advisors Pvt.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-11.
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