Monarch Surveyors and Engineering Consultants’ SME IPO subscribed 62.22 times on Day 2

The SME Initial Public Offering of Monarch Surveyors and Engineering Consultants Limited was subscribed 62.22 times on the second day of bidding.

The issue received bids of 16,72,89,600 shares against the offered 26,88,600 equity shares, at a price band of ₹237-250, according to the data available on the stock exchanges.

Retail Portion and Non-Institutional Investors Portion were subscribed 92.60 times and 59.44 times respectively, whereas Qualified Institutional Buyer Portion was subscribed 11.89 times. The issue will be close on Thursday, July 24, 2025.

A day before the opening of the issue, Monarch raised Rs 26.53 crores from anchor investors. Some of the marquee Institutions that participated in the anchor includes Aarth AIF Growth Fund, Morgan Stanley Asia (Singapore) PTE, Beacon Stone Capital VCC – Beacon Stone I, Innovative Vision Fund, Viney Growth Fund, Sunrise Investment Trust – Sunrise Investment Opportunities Fund, Vikasa India EIF I Fund – Incube Global Opportunities, Vijit Growth Fund, Nav Capital VCC – Nav Capital Emerging Star Fund, Navbharat Investment Trust – Navbharat Investment Opportunities Fund, Chhatisgarh Investment Ltd, VPK Global Ventures Fund – VPK Global Ventures Fund – Scheme I, Shine Star Build Cap Pvt Ltd, Sunrise India Growth Trust – Sunrise India Growth Fund, Saint Capital Fund, Smart Horizon Opportunity Fund, Minerva Emerging Opportunities Fund Ltd, Longthrive Capital VCC – Trendview Capital Fund, Nexus Equity Growth Fund – Nexus Equity Growth Fund Sch-I.

Beeline Capital Advisors Private Limited is the sole book-running lead manager, and Bigshare Services Private Limited is the registrar of the issue. The equity shares of the company will get listed on SME platform of BSE Limited.

Company Information

Monarch Surveyors and Engineering Consultants is engaged in the business to provide comprehensive consultancy services under Concept to Commissioning of infrastructure projects which includes Survey, design and technical supervision for roads, railways, metros, town planning, geospatial, mapping, land acquisition, water, transmission Line, pipelines and other civil engineering sectors. The company’s objective is to create consistent value for its clients by delivering uncompromising quality of services at optimum cost through continuous improvement in elemental technologies of this field, maintaining integrity and design processes which foster excellence in all the aspects of its operations.

 The table below shows subscription data for all the categories of investors: