Let’s have a detailed review of the company and analytics of the Markolines Traffic Controls IPO release date, IPO offer price, subscription, Markolines Traffic Controls Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.

Face ValueRs 10
Cash Price Rs 78
Listing AtBSE, SME
Min. Order Quantity1600 Shares
Listing DateSep 28, 2021
Offer for SaleRs Lakh
Fresh IssueRs Lakh
IPO SizeRs 4,000 Lakh
Tick Size1

Markolines Traffic Controls IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

Live Performance – Markolines Traffic Controls Share Price

Markolines Traffic Controls IPO – Summary

Markolines Traffic Controls ipoThey are a Highway Operations & Maintenance (O&M) Service providing company. They thrive to make Highway Operations & Maintenance cost-effective and easier with the help of Innovation, Technology & out-of-the-box solutions. Their vast experience of 19 years in offering superior services in Highway Operations & Maintenance (O&M) has earned us a name in the (O&M) domain.

Their company who was in the business of road marking envisaged this opportunity & ventured into this business activity Operation and maintenance of these infrastructure projects in 2009. At the same time because of the wear & tear nature of the highways, maintenance of the infrastructure developed also become mandatory.

The Promoter of this company is MR. SANJAY BHANUDAS PATIL AND MR. KARAN ATUL BORA. The lead manager to the issue is GRETEX CORPORATE SERVICES LIMITED, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.


Markolines Traffic Controls IPO Date

The opening and the closing date of Markolines Traffic Controls IPO are Sep 15, 2021, and Sep 20, 2021.


Markolines Traffic Controls IPO Subscription

Day / DateNIIRIITotal Subscription
1st Day –  15 Sep1.94x0.10x1.02x
2nd Day –  16 Sep1.96x0.32x1.14x
3rd Day –  17 Sep2.37x0.66x1.51x
Shares Offered or Net Issue2,435,2002,435,2004,870,400

The shares subscribed by the public will be updated here.

Check Markolines IPO LIVE Subscription

  • Markolines Traffic Controls IPO LIVE Bid details on BSE
  • Markolines Traffic Controls IPO LIVE Bid details on NSE

For the Latest Bid details click on the above links.


Markolines Traffic Controls IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.

Markolines Traffic Controls Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing, and more:

Basis of Allotment FinalizationSep 23, 2021
Refunds InitiationSep 27, 2021
Credit of Shares to Demat AccountSep 27, 2021
Share Listing DateSep 28, 2021

Markolines Traffic Controls IPO Cash Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.78 


Markolines Traffic Controls IPO Equity Size

This Initial Public Issue of 5,128,000 Equity Shares of Rs.10 each for cash at a price of Rs.78 per equity share aggregating to Rs.4000 Lakh.


Markolines Traffic Controls IPO Share Offering

Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.

Issue Size: 5,128,000 Equity Shares of Rs.10 each, aggregating to Rs.4000 Lakh


Markolines Traffic Controls IPO – Live Performance

The listing date of this IPO is Sep 28, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – Markolines Traffic Controls Share Price

Markolines Traffic Controls IPO Grey Market Premium

The Markolines Traffic Controls Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


Markolines Traffic Controls IPO – Company Overview

Their company was incorporated on November 08, 2002, and since their inception, they have gradually increased their execution capabilities in terms of the size and number of projects that they have executed. They started their business operation with a single product that was thermoplastic road marking and over the years they have transformed into a well-known Highway Operations & Maintenance (O&M) service provider in India.

Their principal business operations are broadly divided into three categories: i) Highway Operations under which they provide services like Toll operations, Route Patrolling and Incident management; ii) Highway Maintenance under which they provide services like Routine Maintenance, Preventive Maintenance and Major Maintenance & Repairs (MMR); iii) Specialized Maintenance Services under which they provide services which enhance the life and quality of the road, these are Microsurfacing (MS), Base / Subbase Stabilization (FDR) and Cold In-Place Recycling (CIPR).

They strongly believe in innovation and technology. They have been pioneers in introducing the latest technologies and successfully delivering high-quality services to all their clients.

Way back in 2002 when Road marking in India was done with small hand-held machines, they then introduced extrusion technology for road marking by importing a fully automated machine that was used to mark the road in a hassle-free and precise manner.


Markolines Traffic Controls IPO – Financial Statements

A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:

Financial Summary:

Amount (in INR & Lakh)
31-Mar-2131-Mar-20Mar-19
Total Assets10,751.999,029.247,315.17
*Total Revenue15,796.5217,154.497,348.54
Total Expense15,117.2216,100.396,985.55
Profit After Tax427.59718.62251.51

Earnings per Equity Share (in Lakh)

31-Mar-2131-Mar-20Mar-19
Basic & Diluted3.065.141.80

 

Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 427.59 Lakh, Rs. 718.62 Lakh, and Rs. 251.51 Lakh respectively.


Markolines IPO – Promoters

The Promoter of this company is:

  1. MR. SANJAY BHANUDAS PATIL
  2. MR. KARAN ATUL BORA

List of Related Parties (Key Managerial Personnel)

  • Sanjay Bhanudas Patil, Chairman, and Managing Director
  • Karan Atul Bora, Executive Director
  • Kirtinandini Sanjay Patil, Non-Executive Director
  • Anjali Shivaji Patil, Independent Director
  • Akash Manohar Pathak, Independent Director

Markolines Traffic Controls IPO – Promoters Holding

  • Pre Issue Share Holding – %
  • Pos Issue Share Holding – %

Markolines Traffic Controls IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered Up to 5,128,000 Equity Shares aggregating up to Rs.4000 Lakh
of which:
Issue Reserved for the Market MakersUp to [●] Equity Shares aggregating up to Rs.[●]
Lakh
Net Issue to the PublicUp to [●] Equity Shares aggregating up to Rs.[●]
Lakh
Of which:
Retail Investors Portion Not less than [●] Equity Shares
Other than Retail Individual InvestorsNot more than [●] Equity Shares
 Equity Shares outstanding prior to the Issue1,39,79,520 Equity Shares
 Equity Shares outstanding after the IssueX Equity Shares

Markolines IPO Issue Object

Their Company proposes to utilize the Net Proceeds towards funding the following objects:

a) Prepayment/Repayment of certain debt facilities availed by their Company
b) General Corporate Purposes
c) To Meet Working Capital Requirements

Markolines IPO – Business Strategy

  • Continue focusing on their Operations & Maintenance (O&M) business in the Highways sector and enhancing execution efficiency
  • Selectively expand their geographical footprint
  • Diversify beyond projects in the roads and highways sector by leveraging existing capabilities
  • Strengthen Internal Systems and Continue to Focus on Technology and Operational Efficiency
  • To continue to be a key player in India’s Highway Operations & Maintenance (O&M) sector.
  • Increase Brand awareness
  • Building-up as a Professional Organisation
  • Continue to attract and retain talent
  • Strategic Acquisition and Alliance Opportunities

Markolines Traffic IPO – Basis of Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • Rich Management Experience
  • Quality Service
  • Progressive Employer
  • Efficient business model
  • Established brand and reputation in Highway O&M domain
  • Visible growth through their growing Order Book
  • Diversified Portfolio of Services offered
  • Quality Service

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-2148.9417.5617.42
31-Mar-2082.2535.79
Mar-1928.7919.51

Markolines Traffic IPO: Competitive Peers

Face Value (Rs.)P/EEPS  (Rs.)Return on Net Worth (%)Total Income (Rs. in Lakhs)
Markolines Traffic Controls Limited10[●]48.9417.5615,796.52
Listed Peers
NA

Markolines Traffic IPO Lead Managers

Lead Managers
GRETEX CORPORATE SERVICES LIMITED
Office No. 13, 1st Floor, New Bansilal Building, Raja Bahadur Mansion, 9-15,
Homi Modi Street, Fort, Mumbai – 400 001, Maharashtra, India
Tel No.: +91 – 22 – 4002 5273 / 98368 22199 / 98368 21999
Email: info@gretexgroup.com / mbk@gretexgroup.com
Website: www.gretexcorporate.com
Contact Person: Mr. Janil Dilip Jain
SEBI Registration No: INM000012177
CIN: U74999MH2008PLC288128

Markolines Traffic Controls IPO Registrar to offer

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol,
Andheri East, Mumbai – 400 059, Maharashtra, India
Tel No.: +91 – 22 – 6263 8200; Fax No.: +91 – 22 – 6263 8299
E-mail: ipo@bigshareonline.com
Investor Grievance E-mail: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Swapnil Kate
SEBI Registration No.: INR000001385
CIN: U99999MH1994PTC076534

Markolines Traffic IPO – Other Details

  • Statutory Auditor – M/s. Gupta Agarwal & Associates., Chartered Accountants
  • Legal Counsel to the Company – NA
  • Bankers to the Company –  NA


Markolines Traffic Controls IPO Review by Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


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    Markolines Traffic Controls Limited IPO News

    News 1 – IPO DRHP Download

    News 2 – IPO RHP Prospectus Download


    Markolines Traffic Controls IPO Review FAQs

    Ques – What is the Issue Size of Markolines Traffic IPO?

    Answer – The Company is making an initial public offer of 5,128,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

    Ques – What is the Price band of Markolines Traffic IPO?

    Answer – The price band for this particular IPO ranges between Rs 78. As far as the face value of the share is of concern, it is Rs.10 per share.

    Ques – What is the Markolines Traffic IPO Open Date?

    Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 15, 2021, while the closing date is set at Sep 20, 2021.

    Ques – What is the Markolines Traffic IPO Allotment Date?

    Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Sep 23, 2021, refund initiation is on Sep 27, 2021, credit of shares is on Sep 27, 2021, and share listing date is on Sep 28, 2021.

    Ques – What is the Markolines Traffic IPO Listing Date?

    Answer – Shares of this company shall be listed in the exchanges on Sep 28, 2021. The date, when the listing would be done, is stagnant on Sep 28, 2021.

    Ques – Who is the Registrar of Markolines Traffic Controls IPO?

    Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.

    Ques – Who is the Promoter of Markolines Traffic IPO?

    Answer – Here are the promoters of this IPO – MR. SANJAY BHANUDAS PATIL AND MR. KARAN ATUL BORA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

    Ques – What is the GMP of Markolines Traffic IPO?

    Answer – They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

    Ques – Is Markolines Traffic IPO good for Investment?

    Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

    Ques – What is the PAT of Markolines Traffic?

    Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Lakh is 427.59, 2020 is 718.62, 2019 is 251.51.


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