Markolines Pavement Technologies Limited, founded in 2002, is a highway operations and maintenance (O&M) service provider. With a blend of innovation, technology, and out-of-the-box concepts, they try to deliver easier, more cost-effective, and convenient Highway Operations & Maintenance services.
With its deep understanding, competence, and broad experience in the market, the organization wants to get into the infrastructural requirements of a developing country like India.
Markolines Pavement Technologies is a technology-driven company that uses cutting-edge technology to provide high-quality services to all of our clients. Markolines Pavement Technologies has vast experience offering outstanding highway operations and maintenance (O&M) services.
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).
Objects of the Issue:
The Company intends to utilize the proceeds raised through the Issue towards the following objects:
- Funding the working capital requirement of the Company;
- General corporate purposes
Markolines Pavement Technologies Rights Issue 2023 Detail
| Issue Open | Jan 27, 2023 – Feb 24, 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 24, 2023 |
| Deemed Date of Allotment | Feb 16, 2023 |
| Credit Date | Feb 20, 2023 |
| Listing Date | Feb 24, 2023 |
Markolines Pavement Technologies Limited Financial Information (Consolidated)
| Period Ended | Total Revenue | Profit After Tax |
|---|---|---|
| 31-Mar-21 | 157.97 | 4.02 |
| 31-Mar-22 | 186.9 | 10.11 |
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
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: https://www.bigshareonline.com
Markolines Pavement Technologies Rights Issue 2023 FAQs
Q1. When is Markolines Pavement Technologies Rights Issue 2023 coming?
Ans. The Markolines Pavement Technologies Rights Issue 2023 opens on Jan 27, 2023, and closes on Feb 24, 2023.
Q2. What is the schedule for Markolines Pavement Technologies Rights Issue 2023?
Ans. Markolines Pavement Technologies Rights Issue 2023 Schedule : Last Date for credit of Rights Entitlements Jan 25, 2023 Last Date for renunciation of Rights Entitlements Feb 6, 2023 Issue Opening Date Jan 27, 2023 Issue Closing Date Feb 24, 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
Q3. What is the issue price for Markolines Pavement Technologies Rights Issue 2023?
Ans. Markolines Pavement Technologies Rights Issue 2023 price is set at ₹167 per share per equity share.
Q4. In what ratio is the Markolines Pavement Technologies Rights Issue 2023 offered?
Ans. The eligible shareholders are being offered 5 Right Shares for every 32 Equity Shares held as on the Record Date (Jan 17, 2023).
Q5. What is the record date for Markolines Pavement Technologies Rights Issue 2023?
Ans. The record date for the Markolines Pavement Technologies Rights Issue 2023 is Jan 17, 2023.
Q6. What is the issue size of Markolines Pavement Technologies Rights Issue 2023?
Ans. 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.
Q7. Where can I get the Letter of Offer for Markolines Pavement Technologies Rights Issue 2023?
Ans. The Letter of Offer for Markolines Pavement Technologies Rights Issue 2023
Q8. How to apply for Markolines Pavement Technologies Rights Issue 2023?
Ans. You can apply for Markolines Pavement Technologies Rights Issue 2023 in two ways:
- Net Banking (ASBA)
- Registrar’s Website (R-WAP Facility)
Steps to apply for Markolines Pavement Technologies Rights Issue 2023 using Net Banking (ASBA)
- Log in to the net banking account of your bank.
- Go to the ‘IPO & Rights Issue’ section.
- Check if the Markolines Pavement Technologies Rights Issue 2023 available on the list.
- Click the Apply button next to the Markolines Pavement Technologies Rights Issue 2023.
- Fill and check your information.
- Submit the application.
Steps to apply for Markolines Pavement Technologies Rights Issue 2023 using Registrar’s website (R-WAP)
- Visit registrar’s website
- Go to the ‘Rights Issue’ section
- Select Markolines Pavement Technologies Rights Issue 2023 from the dropdown.
- Enter Demat Account Number.
- Fill the online application form.
- Validate and submit the application.
