HomeBusinessMarkolines Traffic Controls IPO Dates, Price Band, IPO Price, All You Need...

Markolines Traffic Controls IPO Dates, Price Band, IPO Price, All You Need To Know

Markolines Traffic Controls IPO To Open On September 15: All You Need To Know

Markolines Traffic Controls IPO will open on September 15

Leading freeway operations and upkeep (O&M) service offering firm – Markolines Traffic Controls’ has deliberate its preliminary public provide (IPO), which will open for subscription on September 15. As a part of the general public provide, the corporate is providing 51.28 lakh fairness shares at a worth of Rs 78 per fairness share (together with a premium of Rs 68) aggregating to round Rs 40 crore.

Out of the full shares, 24,35,200 fairness shares have been reserved for every retail particular person traders in addition to non-institutional traders, in response to the prospectus filed by the corporate to the inventory exchanges. The deadline of the IPO is ready as September 20. The minimal order amount is 1,600 shares. 

It is an SME IPO and the shares are proposed to be listed on BSE SME. The firm seeks to utilise the proceeds of the IPO to repay debt, meet the working capital necessities, and for basic company functions. 

“The huge gamers or builders of highways didn’t wish to diversify from their core enterprise, we discovered a brand new enterprise sector of serving to them in Highway operations and upkeep. India has the second-largest street community on the earth, spanning a complete of 6.21 million kilometers (km) and nonetheless rising day-after-day,” mentioned Mr Sanjay B Patil, CMD of Markoline Traffic Controls Limited.

”With the large market potential and being current available in the market with efficiency and excessive credentials, Markolines actually have the benefit for sustainable development in coming years,” added Mr Patil.

Established in 2022, the corporate’s operations are primarily divided into freeway operations (involving route patrolling, toll operations, and incident administration), freeway upkeep, and specialised upkeep companies (together with microsurfacing, base / sub-base stabilization, and chilly in place recycling). 

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