Landmark Cars Limited IPO Message Board (Page 4)

GMP NO BUYER
SELLER 3 RS

Landmark cars looking great it will list @premium
But I am not applying 😴👍

Landmark Cars ipo
Date- 13 to 15 Dec.
15k app rate - 250/-
App rate above 2 lac
( 406 x 506 = 205436) 1300/-

App rate above 10 lac
(2001 x 506= 1012506) 4500/-
Sub to - No rate

Anchor⚓ List

BM Surana 43.1@ how they are using logo of Mercedes-Benz on their official documents? They are they subsidiary of Mercedes-Benz?

Bahut khushi hoti he
Jab koi company public ko lootne ko aati aur puri tarah subscribe hi nahi hoti😄

Upon closely reviewing their RHP, Landmark Cars seems to have consistently delivered strong financial performance. As an Amdavadi, me and my family members have known Landmark Cars for a long time. With 25+ years as a premium car dealership, I feel it makes it an attractive investment for any investor.

Also, in our business circles, Sanjay bhai is well known, and offers a clear vision for the future, which makes me confident in their ability to deliver on their financial projections. I urge any investor looking for a strong, stable investment to consider subscribing to the Landmark Cars IPO.

Is it just me or there is some astroturfing going on in the comments as usual?

Chetan Jadhav@ support your recommendations with data, figure and peer comparison, otherwise your recommendation is nothing but an emotional appeal to subscribe this IPO.

There is an obvious problem that is more optical in nature and questions the bona fides of the promoters... The mercedes benz logo in the documents.

They may have some authorization etc from MB to use their logo but positioning the logo like this is under-handed and cheap trickery!

Avoid like plague...

Skipping it too. Seems better.

It's anchor report is misleading. It is showing Mercedes-Benz logo as it is brand of Mercedes or owned by Mercedes-Benz.

GMP 7-9

When issue is only 35% subscribed, who is buying in Grey?

GMP 9 SELLER

Skipping due to uninteresting sector, poor business model, and impending recession that's going to pull down the demand for luxury cars. This is not worth the risk.

Cartrade is in the business of generating leads through its platforms like CarWale and BikeWale. Landmark however is in the business of selling and servicing Cars. Their P/E based on FY 22 numbers is 29 times at the upper end of the price band whereas the nifty auto index is trading at 39 times. The business model is great, commission flows directly into the bottom line and the after-sales business is a sticky affair.

One can get multiple dealers in any town but designing a car or having knowledge of auto paint is intellectual property
Can not compare it with Auto index
It is just agency business

Though they are leader in premium vehicle segment they left nothing on table for retail investors. Issue looks pricey.

GMP doesn't make any sense and affects the ipo listing. Market behaves on its way no prediction works. So wherever i see the ipo is good and it will return profit in short term or long term apply.

Gmp does make sense sometimes for listing day
Anyways best luck for long term

Avoid

Agressively priced compared with financials &PE
Pramoter try to encash the present market conditions,
FINALLY
BAKARAS -RETAILERS

Employee portion already subscribed

Promoter Looks Good...
His Body Language, Confidence, And his knowledge in Business looks Good....
Will keep in my Watchlist
If list in Discount will analyze Again
But IPO Mein UPI se Apply kar Deta hu
4.50 ko QIB Sub Dekh ke Decide Karenge....

Maine Pehle Hi Bola Tha QIB's Grey mein Dump Kar Rahe Hai
https://www.chittorgarh.com/ipo/ipo_discussions.asp?a=1324&c=562364&ap=0

@student whether to apply in this ipo or not, please suggest about all 3 mainboard ipo

If im correctly reading the rhp, Avg revenue per new vehicle sale is 11 lk. Avg servicing cost is 21500 as @liger said.
New vehicle sales in Fy20 is ~16000
If we annualized Q1Fy23 new vehicle sales its~21000
Number of serviced vehicle have been in a band of 2.2lk -2.9lk, for Fy20 to Fy22. This year also it will fall in the same band

Average servicing cost per Vehicle:
FY 22 - 21,030
FY 23 (Q1) - 21,559
Total about 2.5-2.8 lakhs vehicles serviced per annum. Annual Revenue 600cr+ from servicing itself.
Operating profit margin @18% for servicing business.
Commissions for sale of third-party Insurance & vehicle financing extra.
very good recurring and sticky business model of after-sales servicing and repairs.

Its only listed peer is Competent Automobile company (dealer of Maruti, Nexa) trading @250 with a market cap of about 150 cr at a PE ratio of ~6.5.

I am Not subscribing to any of the 3 Mainboard IPOs now open, as all these are Offer for Sale at very high prices. If Uniparts is any guide, better avoid.

KFin Technologies Limited file RHP with SEBI on 10-Dec-2022

Issue Date : 19-Dec to 21-Dec, 2022
OFS : ₹1500 Crore
Retail : 10%
FV : ₹10

IPO Open : 19-Dec-2022
IPO Close : 21-Dec-2022
Basis of Allotment : 26-Dec-2022
Initiation of Refunds: 27-Dec-22