Markolines Traffic Controls Limited: Three Hundred and Forty Seven Company to get listed on BSE SME Platform
BSE became the first stock exchange to get the approval from SEBI and launch its SME platform on 13th March, 2012.
SEBI came out with detailed guidelines on 18th May, 2010 for launching of SME Exchange/Platform. BSE became the first stock exchange to get the approval from SEBI and launch its SME platform on 13th March, 2012.
Markolines Traffic Controls Limited became the 347th company to get listed on the BSE SME Platform on September 27,2021. Markolines Traffic Controls Limited came out with an initial public offering of 51,28,000 Equity Shares of Rs.10 Each (“Equity Shares”) For Cash at a Price of Rs.78 Per Equity Share (The “Offer Price”), Aggregating to Rs.39.99 Crore. The company has successfully completed its public issue on September 20, 2021.
Markolines Traffic Controls Limited is Maharashtra based company whose registered office is at Navi Mumbai. The company engaged in the business of software development and providing educational services. Company also provides services of infrastructure operations like road building and road maintenance.
Mumbai based Gretex Corporate Services Limited, was the lead manager to Markolines Traffic Controls Limited.
So far, 114 companies have migrated to the main board. The 345 companies listed on BSE SME Platform have raised Rs.3,634.29 crore from the market and total market capitalization of 345 companies as on September 24, 2021 is Rs. 36,419.82 Crore. BSE is the market leader in this segment with a market share of 61 percent.
The response since the launch of this platform by BSE has been very positive till date.
BSE (formerly Bombay Stock Exchange) established in 1875, is Asia’s first & now the world’s fastest Stock Exchange with a speed of 6 microseconds. BSE is India’s leading exchange group and has played a prominent role in developing the Indian capital market.