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Markolines Pavement Technologies Limited Rights Issue (Markolines Pavement Technologies Rights Issue 2023) Detail

Jan 27, 2023 - Feb 9, 2023
Markolines Pavement Technologies Limited Logo

Incorporated in 2002 Markolines Pavement Technologies Limited is a Highway Operations & Maintenance (O&M) Service providing company. They strive to offer easier, cost-effective, and convenient Highway Operations & Maintenance services with a blend of Innovation, Technology & out-of-the-box solutions.

Markolines Pavement Technologies has extensive experience in offering superior services in Highway Operations & Maintenance (O&M). The operations of the company can be primarily categorized in the following areas:

  1. Highway Operations under which we provide services like Toll operations, Route Patrolling, and Incident management;
  2. Highway Maintenance under which we provide services like Routine Maintenance, Preventive Maintenance, and Major Maintenance & Repairs (MMR);
  3. Specialized Maintenance Services under which we provide services that enhance the life and quality of roads, these are Micro-surfacing (MS), Base / Subbase Stabilization (FDR), and Cold In-Place Recycling (CIPR).

The company aims to pervade the infrastructure requirements of a developing country like India with the enriched knowledge, expertise and wide experience of the segment.

Markolines Pavement Technologies is a technology-driven entity that introduces the latest technologies to successfully deliver high-quality services to all our clients

Markolines Pavement Technologies Rights Issue 2023 Detail

Issue Open Jan 27, 2023 - Feb 9, 2023
Security Name Markolines Pavement Technologies Limited
Issue Size (Shares) 2,985,550
Issue Size (Amount) ₹49.86 Crores
Issue Price ₹167 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment

The full amount of the Issue Price is payable on the Application.

Entitlement 5 Right Shares for every 32 Equity Shares held as on the Record Date

Markolines Pavement Technologies Rights Issue 2023 Issue Timetable

Record Date Jan 17, 2023
Credit of Rights Entitlements Jan 25, 2023
Bid/Offer Opens On Jan 27, 2023
Renunciation of Rights Entitlements Feb 6, 2023
Bid/Offer Closes On Feb 9, 2023
Deemed Date of Allotment Feb 16, 2023
Credit Date Feb 20, 2023
Listing Date Feb 24, 2023

Company Financials

Markolines Pavement Technologies Limited Financial Information (Consolidated)
Period EndedTotal RevenueProfit After Tax
31-Mar-21157.974.02
31-Mar-22186.910.11
Amount in ₹ Crore

Objects of the Issue:

The Company intends to utilize the proceeds raised through the Issue towards the following objects:

  1. Funding the working capital requirement of the Company;
  2. General corporate purposes

Markolines Pavement Technologies Rights Issue 2023 Documents

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Company Contact Information

Markolines Pavement Technologies Limited
502, A Wing, Shree Nand Dham,
Sector 11, CBD Belapur,
Navi Mumbai - 400614

Phone: +91 22 6266 1111
Email: company.secretary@markolines.com
Website: http://www.markolines.com/

Markolines Pavement Technologies Rights Issue 2023 Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: rightsissue@bigshareonline.com
    Website: http://www.bigshareonline.com

Markolines Pavement Technologies Rights Issue 2023 Lead Manager(s)

Markolines Pavement Technologies Rights Issue 2023 FAQs

The Markolines Pavement Technologies Rights Issue 2023 opens on Jan 27, 2023, and closes on Feb 9, 2023.

Markolines Pavement Technologies Rights Issue 2023 Schedule

Last Date for credit of Rights EntitlementsJan 25, 2023
Last Date for renunciation of Rights EntitlementsFeb 6, 2023
Issue Opening DateJan 27, 2023
Issue Closing DateFeb 9, 2023
Date of Allotment (on or about)Feb 16, 2023
Date of Credit (on or about)Feb 20, 2023
Date of Listing (on or about)Feb 24, 2023

Markolines Pavement Technologies Rights Issue 2023 price is set at ₹167 per share per equity share.

The eligible shareholders are being offered 5 Right Shares for every 32 Equity Shares held as on the Record Date (Jan 17, 2023).

The record date for the Markolines Pavement Technologies Rights Issue 2023 is Jan 17, 2023.

The issue size of Markolines Pavement Technologies Rights Issue 2023 is of 2,985,550 equity shares at ₹167 per share aggregating upto ₹49.86 Crores.

The Letter of Offer for Markolines Pavement Technologies Rights Issue 2023 can be download here.

You can apply for Markolines Pavement Technologies Rights Issue 2023 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Markolines Pavement Technologies Rights Issue 2023 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Markolines Pavement Technologies Rights Issue 2023 available on the list.
  4. Click the Apply button next to the Markolines Pavement Technologies Rights Issue 2023.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Markolines Pavement Technologies Rights Issue 2023 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Markolines Pavement Technologies Rights Issue 2023 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

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