Markolines IPO Details

Markolines IPOMarkolines 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]

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: +91 22 6263 8200
Email: [email protected]

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)


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