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Markolines Traffic Controls Limited IPO (Markolines Traffic Controls IPO) Detail

Sep 15, 2021 - Sep 20, 2021

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.

Company Financials

Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (₹ in Lakhs)
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

Objects of the Issue

  • Prepayment/Repayment of certain debt facilities availed by our company.
  • To Meet Working Capital requirements.
  • General Corporate purposes.

Markolines Traffic Controls IPO Details

Markolines Traffic Controls IPO Date Sep 15, 2021 to Sep 20, 2021
Markolines Traffic Controls IPO Face Value ₹10 per share
Markolines Traffic Controls IPO Price ₹78 per share
Markolines Traffic Controls IPO Lot Size 1600 Shares
Issue Size5,128,000 shares of ₹10
(aggregating up to ₹40.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

Mr. Sanjay Bhanudas Patil And Mr. Karan Atul Bora are the company promoters.

Markolines Traffic Controls IPO Timeline (Tentative Timetable)

Markolines Traffic Controls IPO opens on Sep 15, 2021, and closes on Sep 20, 2021. The Markolines Traffic Controls IPO bid date is from Sep 15, 2021 10.00 A.M. to Sep 20, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Markolines Traffic Controls IPO Opening Date Sep 15, 2021
Markolines Traffic Controls IPO Closing Date Sep 20, 2021
Basis of Allotment Sep 23, 2021
Initiation of Refunds Sep 27, 2021
Credit of Shares to Demat Sep 27, 2021
Markolines Traffic Controls IPO Listing Date Sep 27, 2021

Markolines Traffic Controls IPO Lot Size

The Markolines Traffic Controls IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹124,800).

Application Lots Shares Amount
Retail (Min) 1 1600 ₹124,800
Retail (Max) 1 1600 ₹124,800

Markolines Traffic Controls IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 73.16%

Markolines Traffic Controls IPO Review

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...


Markolines Traffic Controls IPO Subscription Status (Bidding Detail)

The Markolines Traffic Controls IPO is subscribed 2.18 times on Sep 20, 2021 6:53:00 AM. The public issue subscribed 1.57 times in the retail category, times in the QIB category, and 2.78 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII2.78
Retail1.57
Total2.18

Markolines Traffic Controls IPO Prospectus

Markolines Traffic Controls IPO Rating

137
3.8
Rating:Rated 3.8 stars
Vote Here ...

Markolines Traffic Controls IPO Listing Date

Listing Date Monday, September 27, 2021
BSE Script Code 543364
NSE Symbol
Listing In MT Group of Securities
ISIN INE0FW001016
IPO Price ₹78 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE SME
₹78.00
₹62.20
₹59.10
₹65.30
₹65.30

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/

Markolines Traffic Controls IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Markolines Traffic Controls IPO Review

Markolines Traffic Controls IPO Recommendation Summary

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Members 0 0 0

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Markolines Traffic Controls IPO FAQs

Markolines Traffic Controls IPO is a SME IPO of 5,128,000 equity shares of the face value of ₹10 aggregating up to ₹40.00 Crores. The issue is priced at ₹78 per share. The minimum order quantity is 1600 Shares.

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

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Markolines Traffic Controls IPO using UPI as a payment gateway. Zerodha customers can apply in Markolines Traffic Controls IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Markolines Traffic Controls IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Markolines Traffic Controls IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Markolines Traffic Controls IPO opens on Sep 15, 2021 and closes on Sep 20, 2021.

Markolines Traffic Controls IPO lot size is 1600 Shares and the minimum order quantity is .

You can apply in Markolines Traffic Controls IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Markolines Traffic Controls IPO will be done on Sep 23, 2021, and the allotted shares will be credited to your demat account by Sep 27, 2021. Check the Markolines Traffic Controls IPO allotment status.

The Markolines Traffic Controls IPO listing date is on Monday, September 27, 2021.
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Markolines Traffic Controls IPO Message Board

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241 Comments

87. Research Invest Reap |   Link |Oct 28, 2021 4:17:28 PM
My Little Research on Business of this Company

What is Microcrystalline Cellulose?
https://www.youtube.com/watch?v=7c6X7fxcnFs
https://youtu.be/rCLp625HYdI

World Leader in MCC Production is JRS Company having a branch in Gujarat.
Not listed on Stock Market
https://www.jrspharma.com/pharma_en/india/
https://www.youtube.com/watch?v=Ad1MbAc92yU

Worlds Top Producers
https://www.businesswire.com/news/home/20170925006191/en/Top-5-Vendors-in-the-Global-Microcrystalline-Cellulose-Market---Technavio

Indias Top Producers
https://in.kompass.com/a/microcrystalline-cellulose-for-pharmaceuticals/2314042/

Please add in replies if anyone knows more about this subject.

86. KDForIPO |   Link |Oct 22, 2021 12:06:28 PM
what to do with this ipo ?
I am stuck.
I can wait for year.
But can it cross IPO price ?
86.1. LockDownInvestor |   Link |Oct 27, 2021 6:36:10 PM
Same situation, will hold for a year max... Hoping to book only when crosses 10% gain. Lets wait an watch until results.
It''s a good company overall, won''t run away. ;)
85. lokes |   Link |Oct 18, 2021 12:17:21 PM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
Again its showing its colors, sell orders in market depth are too high in comparison to buy orders....
so many new ipos are coming so i think people will be needing funds and will be selling this....so selling pressure will be more than buying in short term.
85.2. CoolAsh |   Link |Oct 19, 2021 12:17:34 PM
It looks like operators will not let it go up until its results are out and operators are caught on wrong foot
85.3. lokes |   Link |Oct 20, 2021 9:49:34 PM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
such a worst share it became.....from last 4 days continuous going down 2-3% each day and other bad thing is that its closing always at day low price....
84. Amit Jaipur |   Link |Oct 18, 2021 12:34:45 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Yes. It is better to find a way and exit from this now.
84.1. CoolAsh |   Link |Oct 19, 2021 2:14:14 PM
Unless you want to book a loss, not easy otherwise
83. Amit Jaipur |   Link |Oct 18, 2021 11:56:57 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Isne to pura rula diya. It seems better to exit from this.
82. lokes |   Link |Oct 8, 2021 10:49:20 AM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
this markolines is trading so strangely.....looks like in controlled way....
82.7. lokes |   Link |Oct 14, 2021 12:52:50 PM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
Again its under performing today, i am tired and loosing patience in this, thinking to sell around 80 if it comes back today or on monday and come out of this.
82.8. CoolAsh |   Link |Oct 14, 2021 4:21:06 PM
@lokes I share your sentiment and frustration
81. CoolAsh |   Link |Oct 13, 2021 12:12:56 PM
Does anyone know when quarterly results for Markolines will be out for Sep quarter? Is there a place where there is a calendar for quarterly results that can be shared
81.3. CoolAsh |   Link |Oct 13, 2021 6:37:07 PM
@sacebdkg, thanks. I wasn''''t aware of this. I am very new to SME IPOs. In fact, very new to IPO as well. :)
81.4. MRavichandran |   Link |Oct 13, 2021 7:58:35 PM
IPO Guru IPO Guru (1500+ Posts, 2100+ Likes)
@sacebdkg,
Thanks for this info, I dont know about this. so we have to wait until dec for all these SME''s IPO performances. 🤔

Thanks
80. Amit Jaipur |   Link |Oct 13, 2021 1:30:22 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
just now touched todays high 81 & it seems that now its going positive ways first time after issue listed.
80.1. CoolAsh |   Link |Oct 13, 2021 4:22:40 PM
@sacebdkg, thanks. I wasn''t aware of this. I am very new to SME IPOs. In fact, very new to IPO as well. :)
79. Anand A. |   Link |Oct 12, 2021 3:43:28 PM
No big movement from the last 2 days. Don''t know whats happening some people are very desperate to sell everytime it goes above 75. Too much selling pressure and not enough buyers in return. Just one 20% up circuit is required and I will be out.
79.1. CoolAsh |   Link |Oct 13, 2021 12:05:39 PM
Definitely, the price movement is abnormal. Its moved from 63 to 78.25 today. Lets see if it can close above issue price (for the first time)
79.2. CoolAsh |   Link |Oct 13, 2021 12:09:14 PM
Looks like operators want retail investors to get out of this. Looks like they are succeeding
78. Nidhike |   Link |Oct 6, 2021 11:34:39 PM
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
Something cooking here

Hope a nice meal for all of us!!!

Risk se ishq hai dillagi nahi!!!!
78.1. GSMR |   Link |Oct 7, 2021 7:59:09 PM
I had purchased at 63.80, should I sell now or hold, T+2 time limit has been completed.
What to do @lokes
78.2. lokes |   Link |Oct 7, 2021 8:21:18 PM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
@GSMR: you can keep holding for targets of 90-100 in 1-2 months with stoploss of 69
77. BLR |   Link |Oct 7, 2021 10:25:51 AM
This counter having bunch of operators playing the game with poor retailrs . But in Prevest, Having bunch of big investors . That is the difference I have seen of the both counter .
77.1. lokes |   Link |Oct 7, 2021 5:54:33 PM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
you still holding both lots ?....you told you will sell 1 lot between 71 to 75?
i think better to sell one lot above 75 tomorrow as if this trend continue it may come near 76-77 tomorrow and selling pressure will be more as it nears to ipo price
77.2. BLR |   Link |Oct 7, 2021 7:48:48 PM
@ Lokes : sold one lot @73.25 today . If upper circuit tmr I sell one more lot . Remaining one lot I will keep it for some days . Holding one lot in Prevest denpro .
76. Anand A. |   Link |Oct 6, 2021 8:41:35 PM
Looking at the price movements, orders and volumes in the stock it seems traders are benefitting from the large free float of the stocks and trading on daily basis. You can see same names repeating in the bulk orders on bse.

Looking at such volumes I think it will struggle to reach the IPO price as there are chances of Lower circuit any time in this type of free float.

Lets Hope something positive happens as we can''t do anything in the price movement.
76.1. lokes |   Link |Oct 7, 2021 5:58:33 PM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
after 2 days only we can sell after buying.....
ya there are many similar people/operators here and it looks they are exchanging shares in between them and taking price higher
75. G J |   Link |Oct 6, 2021 2:47:55 PM
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
I am learning a lot of things from this one.
There are pending sell orders, still UC is there.
Block deals, volume is also bit weird.
74. GSMR |   Link |Oct 6, 2021 2:36:35 PM
Everyday Bulk deals are taking place, just check the volume.
What does this signify ?
Should one continue to hold this stock...
73. Neerav jaipuriya |   Link |Oct 2, 2021 7:45:21 AM
Dear experts what is future of this script I m holding a lot
73.4. lokes |   Link |Oct 5, 2021 3:34:31 PM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
from today, buying orders were more than selling orders and it closed in upper circuit finally....there were some block deals also yesterday
73.5. mvsmr |   Link |Oct 6, 2021 10:21:55 AM
@lokes, again today at UC, so I hope it will cross the allotted price in few days and give some profit. Once again I would like to thank you whole heartedly for your guidance.
72. Amit Jaipur |   Link |Oct 5, 2021 8:01:45 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Lets hope it reaches its issue price at the earliest n now it seems that again it has started its upward journey.
71. G J |   Link |Sep 27, 2021 11:29:45 AM
IPO Mentor IPO Mentor (900+ Posts, 300+ Likes)
Unable to find this in Zerodha Kite, please help.
71.15. Cyberdude |   Link |Sep 28, 2021 2:02:56 PM
I feel these types of shares are very risky. Operators are running it, they might convert the upper circuit into a lower circuit the very next day with no buyers, and it can continue for some days which makes it difficult to sell and get out of it in profit. I am sure you both are very experienced so you are aware of this.
71.16. lokes |   Link |Oct 1, 2021 1:05:25 AM
IPO Guru IPO Guru (3400+ Posts, 3700+ Likes)
@cyberdude: yes you are right and ya we are aware about this...
same happened in markolines today....started in UC then towards LC, its one of big size issue in all recent sme ipos so continuous UC/LC should not be there atleast
70. DownriteVJ |   Link |Sep 27, 2021 1:04:55 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Dont book losses. Wait for few months and it will be back on track.
70.1. DownriteVJ |   Link |Sep 27, 2021 3:13:53 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Most of the retailers looks like have sold it. NII holding.

Almost End of day and mostly buyers. So positive side expected tomorrow
70.2. DownriteVJ |   Link |Sep 28, 2021 11:15:38 AM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Up. Hopefully this stays for long
69. mvsmr |   Link |Sep 27, 2021 11:19:21 AM
"Markolines Traffic Controls Limited (Scrip Code: 543364) shall be transferred from Trade for Trade segment (MT Group) to Rolling segment with effect from Monday, October 11, 2021. Accordingly, the dealings in the equity shares of the company will be shifted under M Group. " What does this mean? Can someone enlighten me on this?
69.3. MRavichandran |   Link |Sep 27, 2021 9:38:24 PM
IPO Guru IPO Guru (1500+ Posts, 2100+ Likes)
@MVSMR, @Anand A,
Thanks for the info and search.

Its definitely a positive news for those holding this SME IPO.
69.4. mvsmr |   Link |Sep 28, 2021 10:23:16 AM
@Anand, thanks for the information
@MRavichandran, thank you. I am holding the allotted lot and hoping that it will give some good profit once it settles beyond the listing price.
68. Shah bhupesh chunilal |   Link |Sep 20, 2021 3:04:45 PM
Apply or no please give suggestions
68.1. jstm |   Link |Sep 20, 2021 3:12:18 PM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)

Avoid
68.2. jstm |   Link |Sep 28, 2021 9:55:32 AM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)

Deep impact on other IPOs too..