Markolines Traffic Controls IPO is all set to make its debut on 15th Sept 21 with 40Cr is a Highway Operations & Maintenance (O&M) Service providing company.
Markolines Traffic Controls IPO – overview
| IPO Dates | 15- 20 sept 2021 |
| IPO Price | INR 78 per share |
| Fresh issue | 5,128,000 shares (INR 40 crore) |
| Offer For Sale | Nil |
| Total IPO size | 5,128,000 shares (INR 40 crore) |
| Minimum bid (lot size) | 1600 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
Markolines Traffic Controls IPO – Tentative Dates
| IPO Offer Opening Date | 15 Sept 2021 |
| IPO Closing Date | 20 Sept 2021 |
| Finalization of Basis of Allotment | 23 Sept 2021 |
| Initiation of refunds | 27 Sept 2021 |
| Transfer of shares to demat accounts | 27 Sept 2021 |
| IPO Listing Date | 27 Sept 2021 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Company Overview
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 revenues.
Industry Overview
India has the second-largest road network in the world, spanning a total of 5.89 million kilometres (kms). This road network transports 64.5% of all goods in the country and 90% of India’s total passenger traffic uses road network to commute. Road transportation has gradually increased over the years with improvement in connectivity between cities, towns and villages in the country. In India, sale of automobiles and movement of freight by roads is growing at a rapid rate.
Competitive Strengths:
- One 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.
Objectives of the issue
- Prepayment/Repayment of certain debt facilities availed by our company.
- To Meet Working Capital requirements.
- General Corporate purposes.
Company Financials
| Particulars | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
| Total Assets | 10,751.99 | 9,029.24 | 7,315.17 |
| Total Revenue | 15,796.52 | 17,154.49 | 7,348.54 |
| Profit After Tax | 427.59 | 718.62 | 251.51 |
Company Contact Information
Markolines Traffic Controls Limited
502, A Wing,
Shree Nand Dham, Sector 11,
CBD Belapur Navi Mumbai – 400614
Phone: +91 22 6266 1111
Email: info@markolines.com
Website: https://www.markolines.com/
Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Lead Manager(s)
- Gretex Corporate Services Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
