Monarch Surveyors & Engineering Consultants IPO
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Schedule of Monarch Surveyors & Engineering Consultants
| Issue open date | 22 Jul 2025 |
| Issue close date | 24 Jul 2025 |
| UPI mandate deadline | 24 Jul 2025 (5 PM) |
| Allotment finalization | 25 Jul 2025 |
| Refund initiation | 28 Jul 2025 |
| Share credit | 28 Jul 2025 |
| Listing date | 29 Jul 2025 |
| Mandate end date | 08 Aug 2025 |
| Lock-in end date for anchor investors (50%) | 24 Aug 2025 |
| Lock-in end date for anchor investors (remaining) | 23 Oct 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Monarch Surveyors & Engineering Consultants
Incorporated in 1992, Monarch Surveyors & Engineering Consultants Ltd., headquartered in Pune, operates as an integrated consultancy firm specializing in end-to-end, concept-to-commissioning solutions for infrastructure projects. With a strong presence across the real estate, construction and infrastructure sectors, Monarch specializes in topographic surveys, GIS mapping, engineering design, planning, project management, geotechnical investigations and technical consultancy. In 2022, the company was listed among the Top 10 Engineering Consultants in India by Industry Outlook.
Financials of Monarch Surveyors & Engineering Consultants
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹93.75 crores |
| Fresh issue | ₹93.75 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Funding Capital Expenditure for purchase of machinery | 31.98 (34.11%) |
| Working capital requirements | 30 (32%) |
| General corporate purposes |
Strengths
- Offers comprehensive engineering solutions, spanning from initial surveys and planning to detailed design and project execution
- Consistent growth in revenue and profitability
- Broad client base across government and private sectors
- Diversified sector coverage including roads, railways, metros, ports and oil & gas
- Promoter’s expertise in Infrastructure Consultancy Service Industry
Risks
- High reliance on Maharashtra (84% revenue in FY25), exposing the business to regional disruptions
- Ongoing litigation and contingent liabilities, if materialised, poses financial risks
- Dependence on a few large government and corporate clients
- Operates in highly competitive and tender-based model