Monarch Surveyors shares expected to list at 84% premium; check this post-listing strategy

Monarch Surveyors IPO Set for Stellar Debut

Monarch Surveyors and Engineering Consultants Ltd, which recently concluded its Initial Public Offering (IPO), is all set to debut on the stock exchanges with a substantial premium. Market observers and grey market activity suggest the stock could list at around ₹140 per share, reflecting an impressive 84% premium over its issue price of ₹76.

The ₹15 crore IPO, a small-cap offering listed under the SME segment of NSE Emerge, received overwhelming investor interest, subscribing over 200 times, primarily led by high-net-worth individuals (HNIs) and retail investors.

Market Enthusiasm Backed by Business Fundamentals

Monarch Surveyors, headquartered in Mumbai, specializes in land and building valuation, technical due diligence, geotechnical surveys, and real estate advisory services. With over 500 corporate clients, including banks, NBFCs, and real estate developers, Monarch’s diversified service portfolio and pan-India presence have generated optimism in the market.

According to its prospectus, Monarch clocked a net profit of ₹2.48 crore for FY24, up from ₹1.35 crore in FY23, reflecting a strong growth trajectory.

“Monarch’s asset-light business model, combined with the growing demand for real estate advisory in India’s urbanizing economy, makes its valuation story compelling,” said Ravi Bhansali, Senior Analyst at AlphaEdge Capital.

Grey Market Premium Signals Strong Demand

The grey market premium (GMP) for Monarch Surveyors has remained robust since allotment, hovering between ₹60 to ₹68 per share. Analysts interpret this as a strong signal of investor appetite despite broader market volatility.

“The GMP trends reflect bullish sentiment and retail optimism. However, one must remember that GMPs are speculative and should not form the sole basis for investment decisions,” cautioned Sheetal Rane, IPO strategist at Samco Securities.

Post-Listing Strategy: Book Profit or Hold?

With such a lofty premium on listing expected, investors are now faced with a critical decision—whether to book profits immediately or hold for long-term gains.

Short-Term View: Booking Profits

Given the 84% expected listing premium, many investors might be tempted to cash out on day one. For risk-averse retail investors, this could be a sound move, especially given the SME segment's historical volatility and limited liquidity post-listing.

“Listing gains are real gains,” said Girish Jain, a senior market advisor. “If the stock opens around ₹140, early birds may consider offloading at least part of their holdings to lock in returns.”

Long-Term View: Holding for Growth

Long-term investors, however, may find merit in holding the stock, especially if Monarch continues its current growth trajectory. The company plans to use the IPO proceeds for equipment purchase, working capital, and business expansion—moves expected to enhance revenue generation over the next 2–3 years.

“Investors with a long-term lens may consider holding if the post-listing price stabilizes below ₹130 and the company demonstrates consistent financial performance,” added Rane.

Broader Market Context

The IPO boom in 2024 and 2025 has seen strong traction in the SME segment, with several microcap companies outperforming mainboard counterparts in terms of listing gains. The Nifty SME Emerge index has risen over 15% year-to-date, underscoring growing investor participation.

However, the SME segment carries unique risks—low liquidity, limited analyst coverage, and sharp price movements. Retail investors should tread with caution and consider portfolio diversification before making heavy allocations to such listings.

Investor Outlook: Balanced Approach Needed

As Monarch Surveyors gears up for its market debut, investor sentiment is firmly optimistic. The combination of strong financials, robust GMP, and sector tailwinds has made it one of the most talked-about SME IPOs in recent months.

Yet, experts advise a balanced approach. While listing gains offer an attractive exit, the long-term potential of the company should not be overlooked, particularly for those with high-risk appetite and longer investment horizons.

In conclusion, whether you’re eyeing a quick profit or evaluating long-term wealth creation, Monarch’s listing day is set to be eventful—and potentially lucrative.