The IPO party on Dalal Street is showing no signs of ending, and after back to back IPOs, now Marcolin Traffic Control’s public issue is going to be open for subscription on 15th September 2021 and membership ends on 20th September, 2021 Will happen. The company’s eye on this IPO is Rs 40 crore. The company is mainly specialized in providing superior services in the highway sector
1) Marcoline Traffic Control IPO Size, Overview
The public issue of Marcolin Traffic Controls is scheduled to open for subscription on 15 September 2021 and will end on 20 September 2021. With this IPO, the company is eyeing Rs 40 crore. The company is mainly specialized in providing better services in the highway sector, the company is mainly specialized in providing better services in the highway sector.
2) IPO Dates
The public issue will open on September 15 and will be open for three days. After this it will stop its subscription on 20 September.
3) Issue Price Band
The public issue price is Rs 78 per equity share, with Rs 10 per equity share as the face value of the IPO.
4) Marcolines IPO Gray Market Premium (GMP)
According to the company’s prospectus, the Gray Market Premium (GMP) price of Marcolines Traffic Controls Limited IPO is yet to be made available.
5) Marcolins IPO Allotment, Listing
The company is offering 51,28,000 equity shares at a price of Rs. 78.00 per equity share (including premium of ₹68.00 per equity share) totaling Rs. 3,999.84 lakh. Out of the total shares, 24,35,200 equity shares have been reserved for each retail individual investor and non-institutional investor. Gretex Corporate Services Limited is the lead manager of the issue.
7) IPO lot size
Makolin Traffic IPO offers minimum lot size of 1600 shares for minimum amount of Rs.124,800. This allows retail investors to apply up to 13 lots, which is the upper limit of the lot size.
8) Investor Reservation for Marcolin IPO
As per the prospectus filed by the company with the stock exchanges, out of the total shares, 24,35,200 equity shares have been reserved for each retail individual investor as well as non-institutional investors.
9) Company Promoter
The promoters of the company’s public issue are Sanjay Bhanudas Patil and Karan Atul Bora.
10) Company Overview
Incorporated in 2002, Markolins Traffic Controls Limited (NPST) is a Highway Operations and Maintenance (O&M) service provider. The company’s operations are primarily divided into Highway Operations (including Toll Operations, Route Patrolling and Incident Management), Highway Maintenance (including E Routine Maintenance, Preventive Maintenance and Major Maintenance and Repair (MMR)) and Specialized Maintenance Services (including Microsurfacing). has gone. (MS), Base/Sub Base Stabilization (FDR) and Cold in Place Recycling (CIPR)).
Since 2002, the company has executed over 90+ Highway Operations and Maintenance (O&M) projects. As of Aug’21, the company has about 285.71 kms of major maintenance and repair projects for National Highways in the country. The company also has about 943.31 kms of toll operations, routine maintenance and route patrolling projects for National Highways across the country. Major maintenance contributes over 80% of the company’s revenue.
The financial performance of the company has been excellent, the profit of the company increased from Rs 2.52 crore in 2019 to Rs 7.19 crore in 2020. However, the company’s profit declined sharply to Rs 4.26 crore in 2021.
read all breaking news, breaking news And coronavirus news Here
.