Monarch Surveyors’ Rs 94-crore SME IPO saw strong investor interest, getting subscribed 4.47 times on Day 1, led by retail demand. With a 58% grey market premium, expectations remain high. The company plans to use the proceeds for capex, working capital, and corporate needs, reflecting steady financial performance and sector relevance.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets