IPO Issue Details
Issue Price / Price Band₹78 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size51,28,000 shares (aggregating up to ₹40.00 Cr)
Issue TypeFixed Price IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformBSE SME
IPO TypeSME
Subscription OpenWed, 15 Sep 2021
Subscription CloseMon, 20 Sep 2021
Anchor AllotmentTue, 14 Sep 2021
Basis of AllotmentThu, 23 Sep 2021
Initiation of RefundsMon, 27 Sep 2021
Credit of Shares to DematMon, 27 Sep 2021
Listing DateMon, 27 Sep 2021
UPI Mandate Deadline2021-09-20
Application & Investment Details
Retail — Min (1 Lots)₹1,24,800 — 1,600 shares
Retail — Max (13 Lots)₹1,622,400 (13 Lots)
HNI — Min (2 Lots)₹2,49,600 — 3,200 shares
Net Offer to Public48,70,400 shares (aggregating up to ₹37.99 Cr)
Reserved for Market Maker2,57,600 shares (aggregating up to ₹2.01 Cr)
Pre-IPO Promoter Holding1,39,79,520 shares
Post-IPO Promoter Holding1,91,07,520 shares
About Markolines Traffic Controls Ltd.
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 revenuesCompetitive StrengthsOne of the few Highway (O&M) service providing companies in India with a diversified portfolio of services.Proven track record of winning, developing, and operating projects successfully.Efficient business model and quality service delivery.Established brand reputation.Significant growth and improvement in order bookings.Strong experienced management.Competitive StrengthsOne of the few Highway (O&M) service providing companies in India with a diversified portfolio of services.Proven track record of winning, developing, and operating projects successfully.Efficient business model and quality service delivery.Established brand reputation.Significant growth and improvement in order bookings.Strong experienced management.
Objects of the Issue
Markolines Traffic Controls Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Prepayment / Repayment of certain debt facilities availed by our company
3.80
2
2 Funding of Working Capital Requirements of our company
23.20
3
3 General Corporate Purposes
9.00
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,39,79,520 shares
Post-IPO Promoter Holding
1,91,07,520 shares