Overview

• The three-day SME IPO closed on July 24 with bids totaling 105.72× the 37.5 lakh shares on offer, driven by retail investors at 141.96× and non-institutional investors at 135.02×.
• Grey market trades placed unlisted shares at around ₹430, reflecting a 72% premium over the upper ₹250 price band and signaling strong listing gains.
• The ₹93.75 crore fresh issue was priced between ₹237 and ₹250 per share in lots of 600, with proceeds earmarked for machinery purchases, working capital and general corporate purposes.
• Basis of allotment will be finalized on July 25, and successful bidders can expect shares in their Demat accounts by July 28 ahead of the July 29 BSE SME debut.
• In FY25, Monarch Surveyors reported a 10% rise in revenue to ₹155.66 crore and a 16% jump in profit after tax to ₹34.83 crore, underscoring its strong financial performance.