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Markolines Traffic Controls IPO is a fixed price issue of ₹40.00 crores. The issue is entirely a fresh issue of 0.51 crore shares of ₹40.00 crore.
Markolines Traffic Controls IPO bidding started from Sep 15, 2021 and ended on Sep 20, 2021. The allotment for Markolines Traffic Controls IPO was finalized on Sep 23, 2021. The shares got listed on BSE SME on Sep 27, 2021.
Markolines Traffic Controls IPO price is ₹78.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,24,800 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,49,600.
Gretex Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Gretex Share Broking Pvt.Ltd..
Refer to Markolines Traffic Controls IPO RHP for detailed Information.
| IPO Date | September 15, 2021 to September 20, 2021 |
| Listing Date | September 27, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹78 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 51,28,000 shares (aggregating up to ₹40.00 Cr) |
| Reserved for Market Maker | 2,57,600 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹2.01 Cr) |
| Net Offered to Public | 48,70,400 shares (aggregating up to ₹37.99 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,39,79,520 shares |
| Share Holding Post Issue | 1,91,07,520 shares |
Markolines Traffic Controls IPO offers total 51,28,000 shares. Out of which 24,35,200 (47.49%) allocated to NII, 24,35,200 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,57,600 (5.02%) |
| NII (HNI) Shares Offered | 24,35,200 (47.49%) |
| Retail Shares Offered | 24,35,200 (47.49%) |
| Total Shares Offered | 51,28,000 (100.00%) |
Markolines Traffic Controls IPO opens on September 15, 2021, and closes on September 20, 2021.
| IPO Open Date | Wed, Sep 15, 2021 |
| IPO Close Date | Mon, Sep 20, 2021 |
| Tentative Allotment | Thu, Sep 23, 2021 |
| Initiation of Refunds | Mon, Sep 27, 2021 |
| Credit of Shares to Demat | Mon, Sep 27, 2021 |
| Tentative Listing Date | Mon, Sep 27, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Sep 20, 2021 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,24,800 |
| Retail (Max) | 1 | 1,600 | ₹1,24,800 |
| HNI (Min) | 2 | 3,200 | ₹2,49,600 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2002, Markolines Traffic Controls Limited (NPST) is a Highway Operations & Maintenance (O&M) Service providing company. The company’s operations are mainly divided into-Highway Operations (including Toll operations, Route Patrolling, and Incident management), Highway Maintenance (including e Routine Maintenance, Preventive Maintenance and Major Maintenance & Repairs (MMR)), and Specialized Maintenance Services (including Microsurfacing (MS), Base / Sub base Stabilization (FDR) and Cold In Place Recycling (CIPR)).
Since 2002, the company has executed over 90+ Highway Operations & Maintenance (O&M) projects. As of Aug’21, the company has around 285.71 km of Major Maintenance & Repairs projects for National Highways in the country. The company also has around 943.31 km of Toll Operations, Routine Maintenance, and Route Patrolling projects, for National Highways across the country. Major maintenance contributes to more than 80% of the company’s revenues
Competitive Strengths
Competitive Strengths
| Particulars | For the year/period ended (₹ in Lakhs) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 10,751.99 | 9,029.24 | 7,315.17 | ||
| Total Revenue | 15,796.52 | 17,154.49 | 7,348.54 | ||
| Profit After Tax | 427.59 | 718.62 | 251.51 | ||
The Company Markolines Traffic Controls IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Prepayment / Repayment of certain debt facilities availed by our company | 3.80 |
| 2 | Funding of Working Capital Requirements of our company | 23.20 |
| 3 | General Corporate Purposes | 9.00 |
[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...
| Listing Date | September 27, 2021 |
| BSE Script Code | 543364 |
| NSE Symbol | |
| ISIN | INE0FW001016 |
| Final Issue Price | ₹78 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹78.00 |
| Open | ₹62.20 |
| Low | ₹59.10 |
| High | ₹65.30 |
| Last Trade | ₹65.30 |
Markolines Traffic Controls Ltd.
502, A Wing,
Shree Nand Dham, Sector 11,
CBD Belapur Navi Mumbai -
Mumbai, Maharashtra, 400614
Phone: +91 22 6266 1111
Email: info@markolines.com
Website: https://www.markolines.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Markolines Traffic Controls IPO is a SME IPO of 51,28,000 equity shares of the face value of ₹10 aggregating up to ₹40.00 Crores. The issue is priced at ₹78 per share. The minimum order quantity is 1600.
The IPO opens on September 15, 2021, and closes on September 20, 2021.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Markolines Traffic Controls IPO using UPI as a payment gateway. Zerodha customers can apply in Markolines Traffic Controls IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Markolines Traffic Controls IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Markolines Traffic Controls IPO opens on September 15, 2021 and closes on September 20, 2021.
Markolines Traffic Controls IPO lot size is 1600, and the minimum amount required for application is ₹1,24,800.
You can apply in Markolines Traffic Controls IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Markolines Traffic Controls IPO will be done on Thursday, September 23, 2021, and the allotted shares will be credited to your demat account by Monday, September 27, 2021. Check the Markolines Traffic Controls IPO allotment status.
The Markolines Traffic Controls IPO listing date is on Monday, September 27, 2021.
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