New Delhi, July 29 -- Shares of Monarch Surveyors made a stellar debut on the bourses on Tuesday, July 29, listing at Rs.421.25 on BSE SME, a premium of 68.5 percent over its IPO price of Rs.250.

The SME initial public offering (IPO), with a total issue size of Rs.93.75 crore, was open for bidding from July 22 to July 24. The offering received an exceptional response from investors and was subscribed 250.65 times in the 3 days of bidding.

The IPO attracted bids for 62.20 crore shares compared to the 24.81 lakh shares on offer. The retail investor portion was booked 263 times while the non-institutional investor (NII) segment witnessed 317.05 times subscription. Meanwhile, the qualified institutional buyer (QIB) category was bid 179 time...