Monarch Surveyors IPO: Oversubscribed Offering Closes

Imagine a company that helps build roads, buildings, and other important structures, like Monarch Surveyors.

This company decided to sell some of its ownership to the public through something called an IPO.

They hoped to get about 93.75 crore rupees by selling about 37.50 lakh shares.

The shares were sold at a price between 237 and 250 rupees each.

Lots of people wanted to buy these shares, so many that the demand was much higher than what was available.