Markolines Traffic Controls Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 2,435,200 (47%) | — | ₹1,899 Cr |
| Retail | — | 2,435,200 (47%) | — | ₹1,899 Cr |
| Market Maker | — | 257,600 (5%) | — | ₹20 Cr |
| Σ Total | — | 5,128,000 (100%) | — | ₹39,998 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹124,800 |
| Retail (Max) | 13 | 20,800 | ₹1,622,400 |
| S-HNI (Min) | 14 | 22,400 | ₹1,747,200 |
| B-HNI (Min) | 67 | 107,200 | ₹8,361,600 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Revenue | 15,797 | 17,154 | 7,349 |
| Profit After Tax | 428 | 719 | 252 |
| Total Assets | 10,752 | 9,029 | 7,315 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Prepayment / Repayment of certain debt facilities availed by our company – 3.80
- 2 Funding of Working Capital Requirements of our company – 23.20
- 3 General Corporate Purposes – 9.00
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
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.
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.