If you’re planning to invest in an IPO, here’s some important news. Several IPOs are set to open next week, including one from Monarch Surveyors & Engineering Consultants, a civil engineering consultancy company based in Maharashtra.
The Monarch Surveyors IPO will open for subscription on Tuesday, July 22, 2025, and will remain open for three days, closing on Thursday, July 24, 2025.
This public issue is worth ₹93.75 crore and consists of 37.5 lakh fresh equity shares. There is no offer for sale (OFS) included in this IPO.
IPO Details: Price Band, Lot Size, and Investment
The price band for Monarch Surveyors IPO is set between ₹237 and ₹250 per share.
The minimum lot size for applying is 600 shares.
Retail investors will need to invest at least ₹3,00,000 to apply for 2 lots at the upper price band.
For high-net-worth individuals (HNIs), the minimum investment is ₹4,50,000 for 3 lots or 1,800 shares.
As per the Red Herring Prospectus (RHP):
Over 50% of the shares are reserved for qualified institutional buyers (QIBs)
Less than 35% are for retail investors
15% are for non-institutional investors (NIIs)
Grey Market Premium and Listing Details
According to Investorgain.com, Monarch Surveyors’ shares are showing a grey market premium (GMP) of ₹60. Based on this, the shares may list at around ₹310, suggesting a possible 24% gain on listing day.
The basis of allotment is expected to be finalized on Friday, July 25, 2025.
The listing date is likely Tuesday, July 29, 2025, on the BSE SME platform.
Bigshare Services is the registrar for this IPO, while Beeline Capital Advisors is acting as the sole book-running lead manager.