Text Size:

Net proceeds will be utilised for working capital requirements.

Mumbai (Maharashtra), September 10 (ANI): Markoline Traffic Controls Ltd, a leading highway operation and maintenance servicing provider, plans its initial public offering starting September 15.

The issue will close on September 20.

According to the prospectus filed with BSE, 51.28 lakh equity shares are being offered at a price of Rs 78 per equity share (including premium of Rs 68) aggregating to nearly Rs 40 crore.

Out of total shares 24.35 lakh shares have been reserved for retail individual Investors and non-institutional investors.

Gretex Corporate Services is the lead manager of the issue. A majority of net proceeds will strengthen the company’s capital base and be utilised for working capital requirements.

Markoline Traffic Controls started business operations in 2002. It expects sustainable growth in coming year by enhancing visibility among existing and potential customers. (ANI)

This story is auto-generated from a syndicated feed. ThePrint holds no responsibility for its content.

Subscribe to our channels on YouTube & Telegram

Why news media is in crisis & How you can fix it

India needs free, fair, non-hyphenated and questioning journalism even more as it faces multiple crises.

But the news media is in a crisis of its own. There have been brutal layoffs and pay-cuts. The best of journalism is shrinking, yielding to crude prime-time spectacle.

ThePrint has the finest young reporters, columnists and editors working for it. Sustaining journalism of this quality needs smart and thinking people like you to pay for it. Whether you live in India or overseas, you can do it here.

Support Our Journalism

VIEW COMMENTS