Fixed Price IPO | ₹40 Cr | Listed at BSE SME | Wed, Sep 15, 2021 - Mon, Sep 20, 2021
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Sep 15, 2021
IPO Close
Mon, Sep 20, 2021
Issue Price
₹78 per share
Market Cap (Pre-IPO)
₹149.04 Cr
| IPO Date | 15 to 20 Sep, 2021 |
| Listed on | Mon, Sep 27, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹78 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 51,28,000 shares (agg. up to ₹40 Cr) |
| Reserved for Market Maker | 2,57,600 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 48,70,400 shares (agg. up to ₹38 Cr) |
| Net Offered to Public | 48,70,400 shares (agg. up to ₹38 Cr) |
| Share Holding Pre Issue | 1,39,79,520 shares |
| Share Holding Post Issue | 1,91,07,520 shares |
| BSE Script Code | 543364 MARKOLINES |
| ISIN | INE0FW001016 |
Markolines Traffic Controls IPO comprises a total issue size of 51,28,000 shares. The net offer to the public is 48,70,400 shares, after excluding 2,57,600 shares allotted on a firm basis. Of the Net offer 24,35,200 (50.00%) allocated to NII 24,35,200 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 24,35,200 | 50.00% | 47.49% |
| Retail Shares Offered | 24,35,200 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,57,600 | 5.02% | |
| Total Shares Offered | 51,28,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The Markolines Traffic Controls IPO is subscribed 2.18 times on September 20, 2021 6:53:00 AM (Day 4). The public issue subscribed 1.57 times in the retail category, [.] times in the QIB category, and 2.78 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.78 | 24,35,200 | 67,80,800 |
| Retail | 1.57 | 24,35,200 | 38,14,400 |
| Total | 2.18 | 48,70,400 | 1,05,95,200 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the Lead Manager (excluding underwriting fees) | 0.35 |
| 2 | Underwriting | 1.00 |
| 3 | Marketing & Selling Expenses | 2.00 |
| 4 | Market Making Fees | 0.04 |
| 5 | Fees payable to Registrar to the Issue | 0.01 |
| 6 | Fees to the legal advisor | 0.02 |
| 7 | Advertising expenses | 0.35 |
| 8 | Fees payable to regulators including stock exchanges | 0.04 |
| 9 | Printing and distribution expenses | 0.05 |
| 10 | Statutory & Other Reports | 0.05 |
| 11 | Payment to Sponsor Bank | 0.01 |
| 12 | Others, if any (including commission and processing fees for SCSBs | 0.10 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹78.00 |
| Open | ₹62.20 |
| Low | ₹59.10 |
| High | ₹65.30 |
| Last Trade | ₹65.30 |
Lead Manager Reports
Markolines Traffic Controls IPO is a SME IPO of 51,28,000 equity shares of the face value of ₹10 aggregating up to ₹40 Crores. The issue is priced at ₹78 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Sep 15, 2021, and closes on Mon, Sep 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 Wed, Sep 15, 2021 and closes on Mon, Sep 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 Mon, Sep 27, 2021. Check the Markolines Traffic Controls IPO allotment status.
The Markolines Traffic Controls IPO listing date is on Mon, Sep 27, 2021.
