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Markolines Traffic Controls IPO Basis of Allotment

Markolines Traffic Controls IPO Details

IPO Open Sep 15, 2021
IPO Close Sep 20, 2021
IPO Price ₹78
Face Value ₹10
IPO Size ₹40.00 Cr
Listing At BSE SME
Lot Size 1600
Open an Instant Account with Zerodha
wpe115.jpg (2878 bytes) MARKOUNES TRAFFIC CONTROLS LIMITED
(Formerly known as "Markolines Traffic Controls Private Limited")
CIN: U99999M H2002PLC156371

Our Company was originally Incorporated as "Mark-O-Line Traffic Controls Private Limited" on November 08, 2002 at Pune, Maharashtra as a private limited company under the Companies Act, 1956 with the Registrar of Companies, Pune. The Registered office of our Company got shifted from Pune to Mumbai vide Certificate of Registration of Regional Director order for Change of State dated September 27, 2005. The name of our Company was changed from "Mark-O-Line Traffic Controls Private Limited" to 'Markolines Traffic Controls Private Limited' vide Fresh Certificate of Incorporation Consequent upon Change of Name pursuant to Shareholders Resolution passed at the Extra Ordinary General Meeting held on February 17, 2018. Further, our Company was converted into Public Limited Company pursuant to Shareholder's resolution passed at the Extraordinary General Meeting of our Company held on April 19, 2021 and the name of our Company was changed to "Markolines Traffic Controls Limited" and a Fresh Certificate of Incorporation consequent upon conversion of Company to Public Limited dated August 10, 2021 was issued by Registrar of Companies, Mumbai, Maharashtra, being Corporate Identification Number U99999MH2002PLC156371.

Registered Office: 502, A Wing, Shree Nand Dham, Sector 11, CBD Belapur Navi Mumbai - 400614, Maharashtra, India
Contact Person: Mr. Parag Sudhir Jagdale, Company Secretary and Compliance Officer
Tel: +91 2262661111 E-mail: company.secretary@markolines.com Website: www.markolines.com
PROMOTERS OF OUR COMPANY: MR. SANJAY BHANUDAS PATH AND MR. KARAN ATUL BORA
Basis of Allotment

PUBLIC ISSUE OF UPTO 51,28,000 EQUITY SHARES OF FACE VALUE OF Rs 10.00 EACH ("EQUITY SHARES") OF MARKOUNES TRAFFIC CONTROLS LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs 78.00 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs 68.00 PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO Rs 3,999.84 LAKH ("THE ISSUE") OF WHICH 2,57,600 EQUITY SHARES OF FACE VALUE OF Rs 10.00 EACH FOR CASH AT A PRICE OF Y 78.00 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs 68.00 PER EQUITY SHARE AGGREGATING TO Rs 200.93 LAKH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 40,70,400 EQUITY SHARES OF FACE VALUE OF Rs 10.00 EACH AT A PRICE OF Rs 78.00 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs 68.00 PER EQUITY SHARE AGGREGATING TO Rs 3,798.91 LAKH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.84 % and 25.49 % RESPECTIVELY OF THE POST-ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY THE FACE VALUE OF THE EQUITY SHARE IS Rs 10.00 AND THE ISSUE PRICE IS 7.8 TIMES OF THE FACE VALUE OF THE EQUITY SHARES

ISSUE PERIOD ISSUE OPENED ON: WEDNESDAY, SEPTEMBER 15, 2021 ISSUE CLOSED ON: MONDAY, SEPTEMBER 20, 2021

The Equity Shares of the Company are proposed to be listed on the SME Platform of BSE Limited, in terms of the Chapter IX of the SEBI (ICDR) Regulations, 2018 as amended from time to time. Our Company has received an In principle Approval dated September 03, 2021 from BSE Limited. BSE Limited shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on or before September 28, 2021 (Subject to receipt of listing and trading approvals from the BSE Limited).

The Issue is being made through the Fixed Price Process, the allocation in the Net Issue to the Public Category shall be made pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, as amended from time to time, where In a minimum of 50% of the Net Issue of shares to the Public shall Initially be made available for allotment to Retail Individual Investors. The balance of Net Issue of Shares to the public shall be made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies / Institutions irrespective of Number of Shares applied for. If the Retail Individual Investor Category is entitled to more than 50% on proportionate basis, they shall be allotted that higher percentage. Under subscription, If any, in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company In consultation with the Lead Manager and the Designated Stock Exchange. Such inter-se spill over, if any, would be affected in accordance with applicable laws, rules, regulations and guidelines. All potential investors shall participate in the Issue only through an Application Supported by Blocked Amount ("ASBA") process including through UPI mode (as applicable) by providing details of the irrespective bank accounts and / or UPI IDs, in case of Rlls, if applicable, which will be blocked by the Self-Certified Syndicate Banks ("SCSBs").

SUBSCRIPTION DETAILS

The issue has received 2,464 applications for 66,48,000 Equity Shares (before technical rejections and after Invalid Bids Multiple/ Duplicate and Bids not banked) including Market Making application of 2,57,600 Equity Shares. The Issue was subscribed to the extent of 2.07 times as per the bid book received from BSE Limited. After considering invalid bids, bids not banked and technical rejection cases from the Bid book, the Issue was subscribed by 1.28 times including Market Making Reservation Portion. The details of the applications received In the Issue (before technical rejections but after Invalid Bids Multiple/ Duplicate and Bids not banked) are as follows:

Detail of the Applications Received

Category Gross Less: Rejections Valid
No. of Applications Equity Shares No. of Applications Equity Shares No. of Applications Equity Shares
Market Maker 1 257600 - - 1 257600
Retail Individual Applicant 2312 3699200 51 81600 2261 3617600
Other than Retail Individual Applicant 151 2691200 1 3200 150 2688000
Total 2464 6648000 52 84800 2412 6563200

The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE Limited on September 23, 2021.

A) Allocation to Market Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Issue Price of Rs 78.00 per Equity Share, was finalised in consultation with BSE Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 2,57,600 Equity Shares. The category-wise details of the Basis of Allotment are as under:

No. of Shares Applied for (Category Wise) No. of Applications Received % to Total Total No. of Shares Applied in Each Category % to Total Allocation per Applicant (Before Rounding Off) Allocation per Applicant (After Rounding Off) Ratio of Allottees to the Applicant Total No. of Shares Allotted
2,57,600 1 100.00 2,57,600 100.00 2,57,600 2,57,600 1 1 2,57,600
Total 1 100.00 2,57,600 100.00 2,57,600

B) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the Issue Price of Rs 78.00 per Equity Share, was finalised in consultation with BSE Limited. Pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, the total number of shares allocated In this category Is 27,95,200Equity Shares. The category was subscribed by 1.29 times. The category-wise details of the Basis of Allotment are as under

No. of Shares Applied for (Category Wise) No. of Applications Received % to Total Total No. of Shares Applied in Each Category % to Total Allocation per Applicant (Before Rounding Oft) Allocation per Applicant (After Rounding Off) Ratio of Allottees to the Applicant Total No. of Shares Allotted
1,600 2261 100.00 36,17,600 100.00 1,236.27 1,600 1747 2261 27,95,200
Total 2261 100.00 36,17,600 100.00 27,95,200

C) Allocation lo Other than Retails Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Issue Price of Rs 78.00 per Equity Share, was finalised in consultation with BSE Limited. Pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, the total number of shares allocated in this category is 20,75,200 Equity Shares. The category was subscribed by 1.30 times. The category-wise details of the Basis of Allotment are as under.

No. of Shares Applied for (Category Wise) No. of Applications Received % to Total Total No. of Shares Applied in Each Category % to Total Allocation per Applicant (Before Root dine Oft) Allocation per Applicant (After Rounding Off) Ratio of Allottees to the Applicant Total No. of Shares Allotted
3200 38 25.33 121600 4.52 2470.47 1600 1 1 60800
1600 21 38 33600
4800 10 6.67 48000 1.79 3705.7 3200 1 1 32000
1600 3 10 4800
6400 14 9.33 89600 3.33 4940.93 4800 1 1 67200
1600 1 14 1600
8000 18 12.00 144000 5.36 6176.17 4800 1 1 86400
1600 8 9 25600
9600 4 2.67 38400 1.43 7411.5 6400 1 1 25600
1600 3 4 4800
11200 1 0.67 11200 0.42 8647 8000 1 1 8000
12800 11 7.33 140800 5.24 9881.91 9600 1 1 105600
1600 2 11 3200
14400 6 4.00 86400 3.21 11117.17 11200 1 1 67200
16000 9 6.00 144000 5.36 12352.33 11200 1 1 100800
1600 2 3 9600
17600 2 1.33 35200 1.31 13587.5 12800 1 1 25600
1600 1 2 1600
19200 8 5.33 153600 5.71 14822.88 14400 1 1 115200
1600 1 4 3200
20800 1 067 20800 0.77 16058 16000 1 1 16000
22400 2 1.33 44800 1.67 17293.5 17600 1 1 35200
24000 5 3.33 120000 4.46 18528.6 17600 1 1 88000
1600 3 5 4800
27200 1 0.67 27200 1.01 20999 20800 1 1 20800
28800 2 1.33 57600 2.14 22234.5 22400 1 1 44800
32000 3 2.00 96000 3.57 24704.67 24000 1 1 72000
1600 1 3 1600
38400 1 0.67 38400 1.43 29646 30400 1 1 30400
46400 1 0.67 46400 1.73 35822 35200 1 1 35200
52800 1 0.67 52800 1.96 40763 40000 1 1 40000
64000 5 3.33 320000 11.90 49409.6 48000 1 1 240000
1600 4 5 6400
102400 1 0.67 102400 3,81 79055 78400 1 1 78400
108800 1 0.67 108800 4,05 83996 84800 1 1 84800
128000 5 3.33 640000 23.81 98819 97600 1 1 488000
1600 4 5 6400
Total 150 100.00 2688000 100.00 2875200

The Board of Directors of the Company at its meeting held on September 23, 2021, has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE Limited and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants.

The CAN and allotment advice and / or notices shall be dispatched to the address of the investors as registered with the depositories on or before Monday, September 27, 2021. Further, the instructions to Self-Certified Syndicate Banks will be processed on or before Monday, September 27,2021 for unblocking of funds. The Equity Shares allotted to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. In case the same is not received within prescribed time, investors may contact the Registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE Limited within 6 working days from the Closure of the Issue. The trading Is proposed to be commenced on or before Tuesday, September 28,2021 subject to receipt of listing and trading approvals from BSE Limited.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated September 28, 2021 ("Prospectus").

INVESTORS PLEASE NOTE

The details of the allotment made has been hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at Website: www.bigshareonline.com.

LEAD MANAGER TO THE ISSUE REGISTRAR TO THE ISSUE COMPANYSECRETARY AND COMPLIANCE OFFICER
wpe112.jpg (2443 bytes) wpe113.jpg (1426 bytes) wpe114.jpg (2962 bytes)
GRETEX CORPORATE SERVICES LIMITED BIGSHARE SERVICES PRIVATE LIMITED MARKOUNES TRAFFIC CONTROLS LIMITED
Office No. 13,1st Floor, New Bansilal Building, 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Mr. Pareg Sudhir Jagdale
Raja Bahadur Mansion, 9-15, Homi Modi Street, Makwana Road, Marol. Andheri East, Company Secretary & Compliance Officer 502, A Wing, Shrea Nand Dham, Sector 11,
Fort, Mumbai - 400 001 Mumbai - 400 059 CBD Belapur Navi Mumbai - 400614, Maharashtra India
Tel. No.: +91 - 22 - 4002 5273 / 983B8 22199 / 98368 21999 Tel. No.: +91 -22-6263 8200 Fax No.: +91 -22-6263 8299 Tel. No.:+91 22 6266 1111
Email: info@gretexgroup.com / mbk@gretexgroup.com Email: ipo@bigshareonline.com Website: www.bigshareonline.com E-mail: company.secretary@markolmes.com Website: www.markolines.com
Website: www.gretexcorporate.com Investor Grievance Email: investor@bigshareonline.com Investors can contact the Compliance Officer or the Registrar to the Issue in case of any pre-issue or postissue related problems, such as non-receipt of letters of allotment, credit of allotted shares in the respective beneficiary account, etc.
Contact Person: Mr. Janil Dilip Jain Contact Psnon: Mr. Swapnil Kate
SEBI Registration No: INM000012177 SEBI Ragiitratian No.: INR000001385
CIN: U74999MH2008PTC288128 CIN: U99999MH1994PTC076534
For Markolines Traffic Controls Limited
(Formerly known as Markolines Traffic Controls Private Limited)
Sd/-
Mr. Sanjay Bhanudas Patil
Place: Mumbai Managing Director
Date: September 23, 2021 DIN:00229052

LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF MARKOLINES TRAFFIC CONTROLS LIMITED.

MARKOLINES TRAFFIC CONTROLS LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make a Public Issue of Its Equity Shares and has filed the Prospectus with the Registrar of Companies, Mumbai. The Prospectus is available on the website of the Lead Manager at www.gretexcorporate.com the website of the BSE Limited i.e. www.bsesme.com, and website of the Issuer Company at www.markolines.com. Investors should note that investment in Equity Shares involves a high degree of risk. For details investors should refer to and rely on the Prospectus including the section titled "Risk Factors" beginning on page 21 of the Prospectus.

The Equity Shares have not been and will not be registered under the US Securities Act (the "Securities Act") or any state securities law in United States and may not be Issued or sold within the United States or to, or for the account or benefit of, "U.S. persons" (as defined in the Regulations under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act of 1933.



Markolines Traffic Controls IPO Basis of Allotment FAQs

Check the basis of allotment document above to know about how the shares are allocated in Markolines Traffic Controls IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

The Markolines Traffic Controls IPO basis of allotment (published above) tells you how shares are allocated to you in Markolines Traffic Controls IPO and category wise demand of IPO share.

Visit the Markolines Traffic Controls IPO allotment status page to check the number of shares allocated to your application.

Check the basis of allotment document above to know about how the shares are allocated in Markolines Traffic Controls IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).