[Dilip Davda] At prima facie, the issue is aggressively priced based on FY21 performance. However, management is confident considering orders on hand worth Rs. 276 cr. and many more in pipelines. Rising infrastructural development spending augurs well for this company. Its equity base post-IPO is indicative of early migration to main board. Keeping all these in mind, risk taker/cash surplus investors may consider investment with a long term perspective. Read detail review...

Markolines Traffic Controls IPO Review by Members

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