Mumbai, July 29 -- The scrip was listed at Rs 421.25, a premium of 68.50% compared with the initial public offer (IPO) price. The stock is currently frozen at its lower limit of 5% over its listing price.

The counter hit a high of Rs 435 and a low of Rs 400.20. About 12.13 lakh shares of the company changed hands at the counter.

Monarch Surveyors & Engineering Consultants' IPO was subscribed 231.43 times. The issue opened for bidding on 22 July 2025 and it closed on 24 July 2025. The price band of the IPO was set at Rs 237 to Rs 250 per share.

The IPO comprised fresh issue of 37,50,000 equity shares. The promoter and promoter group shareholding diluted to 72.35% from 98.42% pre-issue.

The company intends to utilize the net proceeds to...