Markolines Traffic Controls Ltd. IPO Details

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Markolines Traffic Controls was incorporated on November 08, 2002 as “Mark-O-Line Traffic Controls Private Limited”. It is a highway operation and maintenance service providing company.

Bidding Dates
15 Sep 2021 - 20 Sep 2021
Subscription
2.18x Oversubscribed
Minimum InvestmentMinimum LotMaximum LotLot SizeNumber of SharesIssue PricePost Issue Promoter Holding %Issue SizeIPO Document
₹1,24,8001116005.1 M₹7873.16 %₹400.0 MRHP DOC

Markolines Pavement IPO SUBSCRIPTION STATUS

20 Sep '21
Total2.18x
Retail Individual Investor1.57x
HNI (NII) Investors2.78x
Qualified Institutional Buyers-

Markolines Pavement IPO overall subscription rate was 2.18 times the total available shares

Markolines Pavement IPO retail subscription rate was 1.57 times in the retail segment

Markolines Pavement IPO non-institutional investor subscription rate was 2.78 times in the non-institutional investor category

DayRetail Individual InvestorHNI (NII) InvestorsQualified Institutional Buyers
Category Reservation50%50%-
15 Sep 2021
(Day 1)
0.1x1.94x-
16 Sep 2021
(Day 2)
0.32x1.96x-
17 Sep 2021
(Day 3)
0.66x2.37x-
20 Sep 2021
(Day 4)
1.57x2.78x-

Markolines Pavement FINANCIALS

Period Net Profit (Rs in millions) Revenue from operations (Rs in millions) Cash Flow from operations (Rs in millions) Free Cash flow (Rs in millions)
FY21 42.8 1,577.1 90.3 72.8
FY20 71.9 1,711.1 67.8 61.1
FY19 25.2 732.0 -67.0 -135.3

Markolines Pavement IPO SUBSCRIPTION STATUS DETAILS

Markolines Pavement had 5.1 M shares on offer

Markolines Pavement IPO offer price was ₹78

Markolines Pavement IPO minimum Investment was ₹124800

Markolines Pavement IPO issue size was ₹ 400.0 M

Markolines Pavement had a minimum lot size of 1600 Shares per application

Markolines Pavement NUMBER OF SHARES ON OFFER

Total5.1 M
Fresh Issue5.1 M
Offer for Sale0
Post Issue Promoter Holding %73.16 %

Markolines Pavement IPO IMPORTANT DATES

Issue Open Date15 Sep 2021
Issue close Date20 Sep 2021
Allotment Date23 Sep 2021
Refund Date27 Sep 2021
Demat Account Credit Date27 Sep 2021
Listing Date27 Sep 2021
Listing on Exchange(s)BSE
Markolines Pavement Allotment StatusExchange

Markolines Pavement IPO subscription opened on 15 Sep 2021, and closed on 20 Sep 2021

IPO allotment for Markolines Pavement was finalized on Thursday, 23 Sep 2021

IPO listing for Markolines Pavement was on BSE on Monday, 27 Sep 2021

Markolines Pavement IPO LISTING GAINS

Issue Price (adjusted)78.0
Listing Open Price62.2
Listing Close Price65.3
Listing Gain%-20.3%
Current Gain%128.8%

Markolines Pavement Peer

StockStock PriceMarket Cap (Rs crore)PE TTMPEG TTMPS TTMROE%ROA%Annual Revenue (Rs crore)Annual Revenue Growth %Annual Net Profit (Rs crore)Annual Net Profit Growth %EPS TTMEPS TTM Growth %
Markolines Pavement Technologies Ltd.178.534115.10.91.112.97.7356.113.926.216.311.816.3
Larsen & Toubro Ltd.4056570643.634.47.6214.73.629163512.2160847117.94.5
GMR Airports Ltd.107.2113192.26454.57.6-7.10.315200.840.3175.5144.70.2144.7
Rail Vikas Nigam Ltd.233.448660.255.6-1.82.48.9421187.41.3874.7-31.74.2-31.7
NBCC (India) Ltd.95.325739.135.71.1223.94.413195.97.572033.12.733.1
Kalpataru Projects International Ltd.1317.222494.221.60.30.813.43.827247.921.8104077.660.977.5

Markolines Pavement INFORMATION ON IPO ISSUE

About Markolines Pavement

Markolines Traffic Controls was incorporated on November 08, 2002 as “Mark-O-Line Traffic Controls Private Limited”. It is a highway operation and maintenance service providing company.

Object of the Issue

  1. Prepayment/Repayment of certain debt facilities availed by the company
  2. To meet working capital requirements
  3. General corporate purposes

Markolines Pavement - PROMOTERS

Name
Sanjay Bhanudas Patil
Karan Atul Bora

Markolines Pavement Lead Manager

Gretex Corporate Services Limited

info@gretexgroup.com

Markolines Pavement Registrar to the Offer

Bigshare Services Private Limited

ipo@bigshareonline.com

Markolines Pavement Strengths

Product portfolio

It is a well-known highway operation and maintenance service enabling company with a diversified services portfolio

Strength

Proven track record

The company has a proven track record for winning, developing, and operating projects successfully

Strength

Growing order book

The company has visible growth through growing order book and improved pre-qualification credentials

Strength

Markolines Pavement Risks

Legal proceedings

There are outstanding legal proceedings involving the company, promoters, directors, and group companies

Risk

Dependent on new contracts

The business and financial condition would be materially and adversely affected if the company fails to obtain new contracts

Risk

IPO FAQs

  • Markolines Traffic Controls Ltd. IPO listing opened at Rs 62.20 while the issue price was Rs 78.00 giving -20.26% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 78.00 giving 128.79% gains since its IPO listing.

  • The promoters of the company are Sanjay Bhanudas Patil and Karan Atul Bora.

  • The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.

  • The price band of the IPO is Rs 78.0 - 78.0.

  • The IPO application opens on Sep 15, 2021 and closes on Sep 20, 2021.

  • The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.

  • For all category investors, the minimum application amount for this IPO is Rs. 124,800.0, the maximum value for this IPO is Rs 124,800.0.

  • This IPO will be allotted on Sep 23, 2021.

  • The refund will be credited to your account on Sep 27, 2021.

  • The allotted shares will be credited to your demat on Sep 27, 2021.

  • Markolines Traffic Controls Ltd.’s shares listed on the stock exchanges on Sep 27, 2021.