Key sentence:
- After consecutive IPO, Markoline Traffic Controls’ public issue will be open for membership on September 15 2021.
- Markoline Traffic Controls’ public issue will be open for membership on September 15 2021, and the membership will end on September 20, 2021.
- Since 2002, the organization has executed over 90+ Highway Operations and Maintenance (O&M) projects.
The IPO party on Dalal Street is giving no indications of decreasing. Therefore, after consecutive IPO, Markoline Traffic Controls’ public issue will be open for membership on September 15 2021, and the membership will end on September 20, 2021.
With this IPO, the organization is looking at Rs 40 crore. The organization has aptitude in offering predominant administrations basically in the parkways area.
1) Markolines Traffic Controls IPO Size, Overview
Markoline Traffic Controls’ public issue will be open for membership on September 15 2021, and the membership will end on September 20, 2021. With this IPO, the organization is peering toward Rs 40 crore.
The organization has mastery in offering predominant administrations fundamentally in the parkways domain; The organization has skill in offering unrivalled administrations basically in the thruways area.
2) IPO Dates
The public issue is set to open on September 15 and stay open for a length of three days. It will then close its memberships on September 20.
3) Issue Price Band
The public issue has a cost of Rs 78 for each value share, with Rs 10 for every value share as the assumed worth of the IPO.
4) Markolines IPO Gray Market Premium (GMP)
As per the organization’s plan, the Gray Market Premium (GMP) cost of Markolines Traffic Controls Limited IPO isn’t yet given.
5) Markolines IPO Allotment, Listing
The organization is offering 51,28,000 value shares at the cost of Rs. 78.00 per Equity Share (counting premium of ₹68.00 per Equity Share), totalling Rs. 3,999.84 Lakh.
Out of the complete offers, 24,35,200 value shares have been saved for each retail individual financial backer and non-institutional financial backer. Gretex Corporate Services Limited is the Lead Manager of the Issue.
7) IPO Lot Size
The Makoline Traffic IPO conveys a base parcel size 1600 offers for a base sum of Rs 124,800. From this, retail financial backers can apply for up to 13 parcels, the furthest reaches of the part size.
8) Investor Reservations for the Markoline IPO
Out of the complete offers, 24,35,200 value shares have been saved for each retail individual financial backer just as non-institutional financial backers, as per the plan recorded by the organization to the stock trades.
9) Company Promoters
The advertisers for the organization’s public issue are Sanjay Bhanudas Patil and Karan Atul Bora.
10) Company Overview
Incorporated in 2002, Markolines Traffic Controls Limited (NPST) is a Highway Operations and Maintenance (O&M) Service giving organization. The organization’s tasks are predominantly isolated into-Highway Operations (counting Toll activities, Route Patrolling, and Incident administration), Highway Maintenance (counting e Routine Maintenance, Preventive Maintenance and Major Maintenance and Repairs (MMR), and Specialized Maintenance Services (counting Microsurfacing (MS), Base/Sub base Stabilization (FDR) and Cold In Place Recycling (CIPR)).
Since 2002, the organization has executed over 90+ Highway Operations and Maintenance (O&M) projects. As of Aug’21, the organization has around 285.71 km of Major Maintenance and Repairs projects for National Highways.
The organization’s monetary presentation has been heavenly. The organization revealed the benefit of pointedly rose from Rs 2.52 crore in 2019 to Rs 7.19 crore in 2020. Notwithstanding, the organization’s benefit forcefully declined to Rs 4.26 crore in 2021.
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