Markolines IPO Details
Markolines IPO description – The company offers Highway Operations & Maintenance (O&M) services. Markolines’ principal business operations are divided into three categories:
i) Highway Operations under which it provides services like Toll operations, Route Patrolling and Incident management;
ii) Highway Maintenance under which it offers services like Routine Maintenance, Preventive Maintenance and Major Maintenance & Repairs (MMR);
iii) Specialized Maintenance Services under which it provides services which enhance the life and quality of road, these are Microsurfacing (MS), Base / Sub base Stabilization (FDR) and Cold In Place Recycling (CIPR).
Promoters of Markolines Traffic Controls – Mr Sanjay Bhanudas Patil and Mr Karan Atul Bora
| Markolines IPO details | |
| Subscription Dates | 15 – 20 September 2021 |
| Price Band | INR78 per share |
| Fresh issue | 5,128,000 shares (INR40 crore) |
| Offer For Sale | Nil |
| Total IPO size | 5,128,000 shares (INR40 crore) |
| Minimum bid (lot size) | 1,600 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Markolines' Financial Performance (in INR crores)
| FY2019 | FY2020 | FY2021 | ||
| Revenue | 73.49 | 171.54 | 157.97 | |
| Expenses | 69.86 | 161.00 | 151.17 | |
| Net income | 2.52 | 7.19 | 4.28 | |
| Net margin (%) | 3.4 | 4.2 | 2.7 |
Markolines' IPO Allotment Status
Markolines’ IPO allotment status is now available on Bigshare Services’ website. Click on this link to get allotment status.
Valuation of Markolines IPO (FY2021)
Earnings Per Share (EPS): INR3.06
Price/Earnings (PE ratio): 25.49
Return on Net Worth (RONW): 17.56%
Net Asset Value (NAV): INR17.42 per share
Markolines IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.97 |
| Day 2 | 1.08 |
| Day 3 | 1.44 |
| Day 4 | 2.07 |
Markolines Contact Details
Markolines Traffic Controls Limited
502, A Wing, Shree Nand Dham,
Sector 11, CBD Belapur
Navi Mumbai – 400614
Phone: +91 22 6266 1111
Email: : [email protected]
Website: www.markolines.com
More about Markolines IPO
Registrar of Markolines IPO
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis Makwana Road Marol, Andheri (East), Mumbai – 400059
Phone:Â +91 22 6263 8200
Email:Â [email protected]
Website:Â www.bigshareonline.com
Listing Performance of Markolines Traffic Controls
IPO Opening Date: 15 September 2021
IPO Closing Date: 20 September 2021
Finalisation of Basis of Allotment: 23 September 2021
Initiation of refunds: 27 September 2021
Transfer of shares to demat accounts: 27 September 2021
Listing Date: 27 September 2021
Opening Price on BSE SME: INR62.2 per share (down 20.26% from IPO price)
Closing Price on BSE SME: INR65.3 per share (down 16.28% from IPO price)
