Markolines Pavement Technologies Rights Issue will open for subscription from 27 January 2023. the company aims for an issue size of ₹49.86 Crores through this rights Issue.
Markolines Pavement Technologies Limited
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:
- Highway Operations under which we provide services like Toll operations, Route Patrolling, and Incident management;
- Highway Maintenance under which we provide services like Routine Maintenance, Preventive Maintenance, and Major Maintenance & Repairs (MMR);
- 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
Objectives of the Issue
- Funding the working capital requirement of the Company;
- General corporate purposes
Rights Issue Timetable
| Record Date | 17 January 2023 |
| Credit of Rights Entitlements | 25 January 2023 |
| Bid/Offer Opens On | 27 January 2023 |
| Renunciation of Rights Entitlements | 06 February 2023 |
| Bid/Offer Closes On | 09 February 2023 |
| Deemed Date of Allotment | 16 February 2023 |
| Credit Date | 20 February 2023 |
| Listing Date | 24 February 2023 |
Markolines Pavement Technologies Rights Issue Details
| 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 |
Company Financials
| Period Ended | Total Revenue | Profit After Tax |
|---|---|---|
| 31-Mar-21 | 157.97 | 4.02 |
| 31-Mar-22 | 186.9 | 10.11 |
Lead Manager(s)
Rights Issue Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: http://www.bigshareonline.com
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/
Final Thoughts
Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.
Happy investing
