Markolines Traffic Controls IPO : IPO Date, Price, GMP, Review, Details

Markolines Traffic Controls IPO : IPO Date, Price, GMP, Review, Details

Markolines Traffic Controls is a company founded in 2002 to serve the highway operations and maintenance market.

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Its main operations are categorised into three different categories: Highway Operations and Highway Maintenance, which offer services like toll operations, route patrolling, incident management, routine maintenance, preventive maintenance, and major maintenance and repairs.

A large percentage of the business’ revenue is derived from repair and maintenance services. Its total revenue was mostly influenced by the revenue it received from major maintenance and repairs work. About 80% of its revenue was the direct result of work in this area.

IPO

Markolines Traffic Controls IPO Date & Price Band

 IPO Open:  15 September 2021
 IPO Close:  20 September 2021
 IPO Size:  Approx ₹40.00 Crore
 Face Value:  ₹10 Per Equity Share
 Price Band:  ₹78 Per Share
 Listing on:  BSE SME
 Retail Portion:  50%
 Equity:  51,28,000 Shares

The IPO, which will close on September 20, is a fixed price issue of 51.28 lakh equity shares at Rs 78 per share. This makes the aggregate size of the IPO of Rs 40 crore.

Issue Date: The IPO opens for public subscription on September 15 and closes on September 20.
Issue Price: The company has set an issue price of Rs 78 for the IPO.
Lot size: The minimum order quantity is 1,600 shares.

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