Landmark Cars IPO details (13 Dec – 15 Dec), (Price ₹481 to ₹506)
Listing date and Listing Price of Landmark Cars IPO:
- Landmark Cars IPO listed on BSE and NSE exchanges on – Click Here
- Listing Price of Landmark Cars IPO on NSE – Click Here
- Listing Price of Landmark Cars IPO on BSE – Click Here
Grey Market premium (GMP) price of Landmark Cars IPO:
Grey Market premium (GMP) price of Landmark Cars IPO is Rs. __. Grey Market premium (GMP) of Landmark Cars IPO means, unofficially if someone buys or sells his application at a fixed rate irrespective of listing price. Check latest GMP of all IPOs.
Landmark Cars IPO Allotment link status on Link Intime:
- Check the allotment status of Landmark Cars IPO on the below link given by Link Intime.
- Landmark Cars IPO Allotment Link – https://linkintime.co.in/MIPO/Ipoallotment.html
Landmark Cars IPO Allotment link status on Link Intime can be checked by Application No or DP Client ID or PAN.
Landmark Cars IPO subscription status details:
| QIB (Qualified Institl. Bidders) | NIB (Non-institutional Investor) | RII (Retail Individual Investor) | Employee category | Total No. of times applied | |
| No. of shares offered | |||||
| Day 1 | |||||
| Day 2 | |||||
| Day 3 |
Landmark Cars IPO highlights:
| Landmark Cars IPO bid Opens on | 13 Dec 2022 |
| Landmark Cars IPO bid Closes on | 15 Dec 2022 |
| Post issue Modification Period | 16 – Dec -2022 (10 to 11 am) |
| Cut-off time for UPI Mandate Confirmation | 16 – Dec -2022 (upto 12:00 PM) |
| Issue type | 100% Book Building |
| Landmark Cars IPO issue size | ₹ 345.60 Cr |
| Face value of each equity share | Rs. 5 |
| Landmark Cars IPO Price band | Rs 481 to Rs 506 per share |
| Landmark Cars IPO market lot | 29 equity shares and multiples |
| Landmark Cars IPO minimum order quantity | 29 equity shares |
| Pre IPO equity share of promoters of Landmark Cars | 60.24 % |
| Post IPO paid-up equity share of promoters of Landmark Cars | 44.61 % |
| QIB portion reservation in Landmark Cars IPO | 50 % |
| NIB portion reservation in Landmark Cars IPO | 15 % |
| Retail portion reservation in Landmark Cars IPO | 35 % |
| Retail individual bidder can apply in Landmark Cars IPO | up to 2 lakh (200,000) – Maximum 13 Lot |
| Retail individual discount in Landmark Cars IPO | NA |
| Employees can apply in Landmark Cars IPO | NA |
| Employees Reservation in Landmark Cars IPO | NA |
| Employees Discount in Landmark Cars IPO | NA |
| Listing of Landmark Cars at Exchanges | NSE, BSE |
| Fund raised from Anchor Investors in Pre-IPO of Landmark Cars | NA |
| Registrar of Landmark Cars IPO issue | Link Intime India Private Limited |
Landmark Cars IPO important dates regarding bidding, allotment, listing, refund etc. :
The probable dates regarding bidding, allotment, listing, refund of Landmark Cars IPO are mentioned below.
| Landmark Cars IPO opens on | 12.12.2022 |
| Landmark Cars IPO Closes on | 15.12.2022 |
| Allotment basis date of Landmark Cars IPO | 20.12.2022 |
| Money refund date of Landmark Cars IPO | 21.12.2022 |
| Shares of Landmark Cars in Demat Account | 22.12.2022 |
| Landmark Cars IPO listing date on NSE, BSE | 23.12.2022 |
How much shares of Landmark Cars IPO are being offered?
| Type of Issue (Fresh / OFS) | No. of Equity shares offered | Amount of Equity shares |
| Total Issue size | ₹ 552 Crore | |
| Fresh Issue size | – | ₹ 150 Crore |
| Offer for Sale (OFS) | – | ₹ 402 Crore |
| Employee Reservation | – | – |
Landmark Cars financial statements details:
IPO Red Herring Prospectus (RHP) of Landmark Cars:
Click here for IPO RHP of Landmark Cars on SEBI website.
Objectives of the Landmark Cars IPO Issue: (Source – RHP)
Fresh Issue Our Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects: 1. Pre-payment, in full or in part, of borrowings availed by our Subsidiaries; and 2. General corporate purposes.
Business of Landmark Cars: (Source – RHP)
We are a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault. (Source: CRISIL Report, September 2022). We also have a commercial vehicle dealership with Ashok Leyland in India. We have a presence across the automotive retail value chain, including sales of new vehicles, after-sales service and repairs (including sales of spare parts, lubricants and accessories), sales of pre-owned passenger vehicles and facilitation of the sales of third-party financial and insurance products. We started our operations and opened our first dealership for Honda in CY1998, and we have expanded our network to include 112 outlets in 8 Indian states and union territories, comprised of 59 sales showrooms and outlets and 53 after-sales service and spares outlets, as of June 30, 2022. We are focused on the premium and luxury automotive segments. CRISIL Research expects the premium segment to grow at a CAGR of 10-12% CAGR from Fiscal 2022 to Fiscal 2027, while the luxury segment is expected to grow at a CAGR of 14-16% during the same period. (Source: CRISIL Report, September 2022). We were the number one dealer in India for Mercedes in terms of retail sales for Fiscal 2022, number one dealer in India for Honda and Jeep in terms of wholesale sales for Fiscal 2022 and were the top contributor to Volkswagen retail sales for calendar year 2021. In addition, we were the third largest dealership in India for Renault in terms of wholesale sales contribution for calendar year 2021. (Source: CRISIL Report, September 2022).
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