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Markolines Traffic Controls IPO is a fixed price issue of Rs 40.00 crores.
Markolines Traffic Controls IPO bidding started from September 15, 2021 and ended on September 20, 2021. The allotment for Markolines Traffic Controls IPO was finalized on Thursday, September 23, 2021. The shares got listed on BSE SME on September 27, 2021.
Markolines Traffic Controls IPO price is ₹78 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹124,800.
Gretex Corporate Services Limited is the book running lead manager of the Markolines Traffic Controls IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
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 |
| Price | ₹78 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 5,128,000 shares (aggregating up to ₹40.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 13,979,520 |
| Share holding post issue | 19,107,520 |
| Market Maker portion | 257,600 shares |
Markolines Traffic Controls IPO offers 5,128,000 shares. 2,435,200 (47.49%) to NII, 2,435,200 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 257,600 (5.02%) |
| Other Shares Offered | 2,435,200 (47.49%) |
| Retail Shares Offered | 2,435,200 (47.49%) |
| Total Shares Offered | 5,128,000 (100%) |
Markolines Traffic Controls IPO opens on September 15, 2021, and closes on September 20, 2021.
| IPO Open Date | Wednesday, September 15, 2021 |
| IPO Close Date | Monday, September 20, 2021 |
| Basis of Allotment | Thursday, September 23, 2021 |
| Initiation of Refunds | Monday, September 27, 2021 |
| Credit of Shares to Demat | Monday, September 27, 2021 |
| Listing Date | Monday, September 27, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 20, 2021 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹124,800 |
| Retail (Max) | 1 | 1600 | ₹124,800 |
| Lot Size Calculator | |||
Mr. Sanjay Bhanudas Patil And Mr. Karan Atul Bora are the company promoters.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 73.16% |
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 | ||
[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...
The Markolines Traffic Controls IPO is subscribed 2.18 times on September 20, 2021 6:53:00 AM. 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) |
|---|---|
| Other | 2.78 |
| Retail | 1.57 |
| Total | 2.18 |
| Listing Date | September 27, 2021 |
| BSE Script Code | 543364 |
| NSE Symbol | |
| ISIN | INE0FW001016 |
| Final Issue Price | ₹78 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹78.00 |
| ₹62.20 |
| ₹59.10 |
| ₹65.30 |
| ₹65.30 |
Markolines Traffic Controls Limited
502, A Wing,
Shree Nand Dham, Sector 11,
CBD Belapur Navi Mumbai - 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
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Markolines Traffic Controls IPO is a SME IPO of 5,128,000 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 Shares.
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 Shares, and the minimum amount required is ₹124,800.
You can apply in Markolines Traffic Controls IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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