Monarch Surveyors IPO open date is July 22, 2025 and the IPO will close on July 24, 2025.
Here’s the monarch surveyors reported revenue of ₹155.66 crores in 2025 and profit of ₹34.83 crores in 2025.
Monarch Surveyors and Engineering Consultants Limited was originally incorporated on May 30, 2001, as “Monarch Surveyors and Engineering Consultants Private Limited”.
Here it was later converted into a public company in July 2023. Headquartered in Mumbai, the company has steadily grown over two decades, specializing in land and engineering surveys for both government and private sector infrastructure projects. The firm has expanded its operations across multiple Indian states, notably Maharashtra, Madhya Pradesh, Uttar Pradesh, Gujarat, and Odisha .
Monarch Surveyors IPO Details
| IPO Open Date: | July 22, 2025 |
| IPO Close Date: | July 24, 2025 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹237 to ₹250 Per Share |
| Issue Size: | Approx ₹93.75 Crores |
| Fresh Issue: | Approx ₹93.75 Crores |
| Lot Size: | 600 Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
Monarch Surveyors IPO Market Lot
The Monarch Surveyors IPO minimum market lot is 1,200 shares with ₹3,00,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 2 | 1,200 | ₹3,00,000 |
| Retail Maximum | 2 | 1,200 | ₹3,00,000 |
| S-HNI Minimum | 3 | 1,800 | ₹4,50,000 |
| S-HNI Maximum | 6 | 3,600 | ₹9,00,000 |
| B-HNI Minimum | 7 | 4,200 | ₹10,50,000 |
Monarch Surveyors IPO Dates
The Monarch Surveyors IPO date is July 22 and the close date is July 24. The Monarch Surveyors IPO allotment will be finalized on July 25 and the IPO listing on July 29.
| IPO Open Date: | July 22, 2025 |
| IPO Close Date: | July 24, 2025 |
| Basis of Allotment: | July 25, 2025 |
| Refunds: | July 28, 2025 |
| Credit to Demat Account: | July 28, 2025 |
| IPO Listing Date: | July 29, 2025 |
Business Overview Of Monarch Surveyors
Monarch provides services in four core domains and below I have explained about business.
- Land Survey Services: Including topographical and boundary surveys.
- Geotechnical Services: Subsurface investigations for foundation planning.
- Engineering Services: Preparation of Detailed Project Reports (DPRs) and estimates.
- Project Management Services: Supervision, quality control, and third-party inspections.
Its clientele comprises various state governments and government departments such as the Maharashtra Public Works Department (PWD), MMRDA, and the Ministry of Road Transport & Highways. Their projects span roads, railways, bridges, and smart cities.
Infrastructure Services Industry Overview
You have to know about infrastructure consulting and surveying industry in India is witnessing strong growth, primarily due to:
- Increasing investment in infrastructure from both state and central governments.
- Focus on smart city development, highways, and urban infrastructure.
- Growing adoption of digital surveying tools and GIS platforms.
However, the market is fragmented, with many small and mid-sized players. Monarch competes on the basis of experience, manpower, and execution capability in government tenders.
Cash Flow Analysis of Monarch Surveyors IPO
My honest results after one full month of researching this, monarch has reported consistent and improving positive cash flows from operating activities across FY21 to FY23. Investing cash flows reflect moderate capital expenditures, while financing cash flows include borrowings and equity infusion. There is no significant mismatch between net profits and cash flows, indicating healthy cash conversion.
Promoters of Monarch Surveyors IPO
The promoters of the company are Mr. Dattatraya Mohaniraj Karpe, Mr. Sanjay Bhalchandra Vidwans, Mr. Sunil Shrikrishna Bhalerao and Mr. Bhartesh Rajkumar Shah.
Monarch Surveyors IPO Company Financial Report
I asked experts what they think and here’s what I found reported revenue of ₹155.66 crores in 2025 and profit of ₹34.83 crores in 2025.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2023 | ₹72.72 | ₹61.91 | ₹8.59 | ₹64.51 |
| 2024 | ₹141.27 | ₹100.41 | ₹30.01 | ₹102.12 |
| 2025 | ₹155.66 | ₹108.92 | ₹34.83 | ₹148.06 |
Monarch Surveyors IPO Valuation – FY2025
Check Monarch Surveyors IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 32.01% |
| ROCE: | 39.59% |
| EBITDA Margin: | 33.15% |
| PAT Margin: | 22.60% |
| Debt to equity ratio: | 0.13 |
| Earning Per Share (EPS): | ₹33.47 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 32.01% |
| Net Asset Value (NAV): | ₹104.56 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Dhruv Consultancy Services Limited | 4.14 | 15.90 | 6.67% | 54.57 | 101.96 Cr. |
| Rudrabhishek Enterprises Limited | 7.69 | 23.53 | 54.57 | 83.06 | 107.97 Cr. |
Objects of the Issue
- Working capital needs.
- Purchasing high-end survey and geotech equipment.
- General corporate purposes like administration and brand building.
Monarch Surveyors IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
IPO Lead Managers aka Merchant Bankers
- Beeline Capital Advisors Pvt Ltd
Company Address
Monarch Surveyors & Engineering Consultants Ltd.
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/
Monarch Surveyors IPO FAQs
What is the business model of Monarch Surveyors?
Monarch offers surveying, GIS, DPR preparation, and supervision services for infrastructure projects.
When Monarch Surveyors IPO will open for subscription?
The IPO is to open on July 22, 2025 for QIB, NII, and Retail Investors. The IPO will close on July 24, 2025.
What is Monarch Surveyors IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
What is Monarch Surveyors IPO Issue Size?
Monarch Surveyors IPO issue size is ₹93.75 crores.
What is Monarch Surveyors IPO Price Band?
Monarch Surveyors IPO Price Band is ₹237 to ₹250.
What is Monarch Surveyors IPO Lot Size?
The minimum bid is 1200 Shares with ₹3,00,000 amount.
What is the Monarch Surveyors IPO Allotment Date?
Monarch Surveyors IPO allotment date is July 25, 2025.
What is the Monarch Surveyors IPO Listing Date?
Monarch Surveyors IPO listing date is July 29, 2025. The IPO is to list on BSE.