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Monarch Surveyors IPO
Monarch Surveyors and Engineering Consultants Ltd
₹1,42,200 /600 sharesMinimum Investment
Monarch Surveyors IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹250.00 | ₹421.25 | ₹171.25 (68.50%) |
Monarch Surveyors IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 22 Jul ‘25 - 24 Jul ‘25 | ₹2,84,400 | 600 | ₹237 - ₹250 |
| Issue Size | IPO Doc |
|---|---|
| 93.75Cr | RHP PDF |
Subscription rate
As of 24 Jul'25, 04:00 PM
| Qualified Institutional Buyers | 105.65x |
| Non-Institutional Investor | 260.68x |
| Retail Individual Investor | 226.74x |
| Total | 132.01x |
About Monarch Surveyors
Founded in
1999
Managing director
Mr Dattatraya Mohaniraj Karpe
Parent organisation
Monarch Surveyors and Engineering Consultants Ltd
Strengths & Financials of Monarch Surveyors
Strengths
Risks
Monarch Surveyors & Engineering Consultants claims to offer a comprehensive suite of services throughout the entire construction project lifecycle. From surveying and planning to design, engineering, social and economic studies, and project management, the company ensures that projects are completed on time and meet client objectives. The company also claims to explore and integrate new technologies to expand its service offerings, particularly in high-potential sectors.
The company claims to have a diverse client base that includes the government of India, several state governments, municipalities, and corporate entities. Monarch Surveyors & Engineering Consultants also claims to be expanding its footprint in both domestic and global markets, with a focus on leveraging technological advancements to enhance client value and attract new business.
Monarch Surveyors claims to continuously refine its processes and capabilities to ensure efficient resource utilisation. The company focuses on skill development, equipment modernisation, and performance analysis to improve project execution. The company further states that these efforts contribute to the optimal use of resources, enhancing overall operational efficiency and effectiveness in project delivery.
The company is ISO 9001:2015 certified for its quality management systems, ISO 14001:2015 certified for its environmental management systems, ISO/IEC 27001:2022 certified for its information security management systems, and ISO 45001:2018 certified for occupational health and safety.
The company has reported a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 71.68 crore in FY23 to Rs 139.49 crore in FY24 and Rs 154.14 crore in FY25. PAT increased from Rs 8.59 crore in FY23 to Rs 30.01 crore in FY24 and Rs 34.83 crore in FY25.
Monarch Surveyors & Engineering Consultants' revenues are heavily reliant on projects tendered by government departments, including the government of India, state governments, and municipal corporations. Any adverse changes in government policies, budget allocations, or shifts in project priorities could impact the company’s ability to secure these projects.
The top 10 clients accounted for 84.52 percent, 86.14 percent, and 82.99 percent of the company’s revenue in FY25, FY24, and FY23, respectively. Any failure to retain these key customers, expand the customer base, or a loss of business from these clients could hit the company’s business and financial standing.
A significant portion of the company’s revenue is derived from Maharashtra. It accounted for Rs 130.06 crore (84.02 percent) of the company’s total sales in FY25, Rs 125.78 crore (90.17 percent) in FY24, and Rs 67.14 crore (93.68 percent) in FY23. Any disruption in this region could negatively impact the company’s cash flow and profitability.
The company reported negative cash flow from investing activities amounting to Rs 28.70 crore in FY25, Rs 29.44 crore in FY24, and Rs 11.50 crore in FY23. Additionally, negative cash flow from financing activities amounted to Rs 0.37 crore in FY25. If cash outflows continue to exceed inflows in the future, the company may face liquidity challenges.
The company, its directors, promoters, and group companies are involved in certain ongoing tax-related legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
As of FY25, the company had contingent liabilities amounting to Rs 16.16 crore, a sharp increase from Rs 13.39 crore in FY24 and Rs 7.82 crore in FY23. If any of these contingent liabilities materialise, it could adversely affect the company’s financial condition.
As of FY25, the company had trade receivables amounting to Rs 39.63 crore, a sharp increase from Rs 9.86 crore in FY24 and Rs 6.18 crore in FY23. Any failure to collect these receivables on time or at all could negatively impact the business and its financial condition.
As of FY25, the company had outstanding financial indebtedness of Rs 14.28 crore. Any failure to service or repay these loans could harm the company’s operations and financial position.
Monarch Surveyors Financials
*All values are in Rs. Cr
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Application Details of Monarch Surveyors IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹237 - 250 | ₹2 - 5 Lakh |
| High Networth Individual | ₹237 - 250 | ₹2 - 5 Lakh |
For Monarch Surveyors IPO, eligible investors can apply as Regular.