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September 15, 2021 - September 20, 2021

Markolines Traffic Controls IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Markolines Traffic Controls IPO.

Markolines Traffic Controls IPO Review Summary from brokers and analysts

Review By Apply May Apply Neutral Avoid Not Rated
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Markolines Traffic Controls IPO Analysis By Brokers/Analysts

Reviewer Recommendation Past Reviews
Dilip Davda May Apply

Markolines Traffic Controls IPO Review by Dilip Davda (May apply)

[Dilip Davda]  At prima facie, the issue is aggressively priced based on FY21 performance. However, management is confident considering orders on hand worth Rs. 276 cr. and many more in pipelines. Rising infrastructural development spending augurs well for this company. Its equity base post-IPO is indicative of early migration to main board. Keeping all these in mind, risk taker/cash surplus investors may consider investment with a long term perspective. Read detail review...

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