Monarch Surveyors IPO Allotment Today: How To Check Status, Latest GMP And More
Investors who bid for shares in the IPO can check the allotment status on the websites of BSE and the issue registrar, Bigshare Services.
The initial public offering (IPO) of Monarch Surveyors and Engineering Consultants Ltd. saw strong demand from investors on its final day of subscription on July 24. The BSE SME issue was subscribed more than 250 times.
The IPO received bids for 62.2 crore shares against 24.81 lakh shares on offer.
Non-Institutional Investors (NIIs) emerged as the top bidders. The NIIs booked their quota 317 times. The retail portion of the IPO was subscribed 263 times, while the Qualified Institutional Buyers’ segment was booked 179 times.
Following the end of the subscription period, investors will focus on the finalisation of the share allotment status, tentatively scheduled for July 25. The IPO investors can check share allotment status on the websites of the issue registrar, Bigshare Services and BSE.
Check Monarch Surveyors IPO Allotment On Bigshare Services Website
Visit the IPO allotment page on the Bigshare Services website: https://ipo.bigshareonline.com/ipo_status.html.
Select “Monarch Surveyors and Engineering Consultants Ltd.” from the dropdown menu.
Enter your PAN, Application Number, or DP/Client ID.
Click Search to view your allotment status.
Check Monarch Surveyors IPO Allotment On BSE Website
Go to the BSE IPO allotment status page: https://www.bseindia.com/investors/appli_check.aspx.
Choose Issue Type as ‘Equity’.
Select Issue Name as 'Monarch Surveyors and Engineering Consultants Ltd.'
Enter your PAN, Application Number, or DP/Client ID.
Click Submit to check your allotment result.
Monarch Surveyors IPO Refund And Transfer Of Shares Date
The company will initiate the transfer of shares to the Demat accounts of successful applicants on July 28, following the finalisation of allotment status. Refunds for unsuccessful applicants will also be processed the same day.
Monarch Surveyors IPO Listing Date
Shares of Monarch Surveyors & Engineering Consultants are scheduled to be listed on the BSE SME platform on Tuesday, July 29.
Monarch Surveyors IPO GMP
According to Investorgain, the latest grey market premium (GMP) for the Monarch Surveyors IPO stood at Rs 210 apiece as of 7:00 a.m. on July 25. The GMP indicates an estimated listing price of Rs 460 per share, at a premium of 84% over the upper limit of the issue price.
According to the GMP trends, this is the highest GMP recorded for the SME IPO since it opened for subscription. The lowest GMP of Rs 165 was recorded on July 22, day 1 of subscription.
Note: GMP is not an official source of data and is based on speculation.
Monarch Surveyors IPO
The Monarch Surveyors IPO is a book-built issue worth Rs 93.75 crore, comprising only a fresh issuance of 37.5 lakh equity shares.
The price band for the offer was set between Rs 237 and RS 250 per share.
Monarch Surveyors plans to use a portion of the proceeds towards funding capital expenditure for buying machinery. A portion of the funds will be allocated towards the company’s working capital requirements. The remaining amount will be used for general corporate purposes.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
