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Landmark Cars IPO is a book built issue of Rs 552.00 crores. The issue is a combination of fresh issue of 0.3 crore shares aggregating to Rs 150.00 crores and offer for sale of 0.79 crore shares aggregating to Rs 402.00 crores.
Landmark Cars IPO bidding started from December 13, 2022 and ended on December 15, 2022. The allotment for Landmark Cars IPO was finalized on Tuesday, December 20, 2022. The shares got listed on BSE, NSE on December 23, 2022.
Landmark Cars IPO price band is set at ₹481 to ₹506 per share. The minimum lot size for an application is 29 Shares. The minimum amount of investment required by retail investors is ₹14,674. The minimum lot size investment for sNII is 14 lots (406 shares), amounting to ₹205,436, and for bNII, it is 69 lots (2,001 shares), amounting to ₹1,012,506.
The issue includes a reservation of up to 23,094 shares for employees offered at a discount of Rs 48 to the issue price.
Axis Capital Limited and ICICI Securities Limited are the book running lead managers of the Landmark Cars IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Landmark Cars IPO RHP for detailed information.
| IPO Date | December 13, 2022 to December 15, 2022 |
| Listing Date | December 23, 2022 |
| Face Value | ₹5 per share |
| Price Band | ₹481 to ₹506 per share |
| Lot Size | 29 Shares |
| Total Issue Size | 10,909,091 shares (aggregating up to ₹552.00 Cr) |
| Fresh Issue | 2,964,427 shares (aggregating up to ₹150.00 Cr) |
| Offer for Sale | 7,944,664 shares of ₹5 (aggregating up to ₹402.00 Cr) |
| Employee Discount | Rs 48 per share |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 36,625,620 |
| Share holding post issue | 39,592,118 |
Landmark Cars IPO offers 8,041,805 shares. 2,291,061 (28.49%) to QIB, 1,718,295 (21.37%) to NII, 4,009,355 (49.86%) to RII, 23,094 (0.29%) to employees. 138,253 RIIs will receive minimum 29 shares and 1,410 (sNII) and 2,821 (bNII) will receive minimum 406 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 2,291,061 (28.49%) | NA |
| NII (HNI) Shares Offered | 1,718,295 (21.37%) | |
| bNII > ₹10L | 1,145,530 (14.24%) | 2,821 |
| sNII < ₹10L | 572,765 (7.12%) | 1,410 |
| Retail Shares Offered | 4,009,355 (49.86%) | 138,253 |
| Employee Shares Offered | 23,094 (0.29%) | NA |
| Total Shares Offered | 8,041,805 (100%) |
Landmark Cars IPO opens on December 13, 2022, and closes on December 15, 2022.
| IPO Open Date | Tuesday, December 13, 2022 |
| IPO Close Date | Thursday, December 15, 2022 |
| Basis of Allotment | Tuesday, December 20, 2022 |
| Initiation of Refunds | Wednesday, December 21, 2022 |
| Credit of Shares to Demat | Thursday, December 22, 2022 |
| Listing Date | Friday, December 23, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 15, 2022 |
Investors can bid for a minimum of 29 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 29 | ₹14,674 |
| Retail (Max) | 13 | 377 | ₹190,762 |
| S-HNI (Min) | 14 | 406 | ₹205,436 |
| S-HNI (Max) | 68 | 1,972 | ₹997,832 |
| B-HNI (Min) | 69 | 2,001 | ₹1,012,506 |
| Lot Size Calculator | |||
Sanjay Karsandas Thakker is the company promoter.
| Share Holding Pre Issue | 60.24% |
| Share Holding Post Issue | 44.61% |
Incorporated in 1998, Landmark Cars Limited is the leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault. The company also cater to the commercial vehicle retail business of Ashok Leyland in India.
Landmark Cars offers services such as 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 finance and insurance products.
The company has expanded the network to include 112 outlets in 8 Indian states, comprised of 61 sales showrooms and outlets and 51 after-sales services and spare outlets, as of September 30, 2021.
Landmark Cars Limited vehicle dealership network is spread across 31 cities in eight states and union territories including Maharashtra, Uttar Pradesh, Gujarat, Haryana, Madhya Pradesh, Punjab, West Bengal and the National Capital Territory of Delhi.
The company operate as an authorized service centre for Mercedes-Benz, Honda, Volkswagen, Jeep, Renault and Ashok Leyland. Landmark Cars also provide after-sales service and repairs through 51 after-sales services and spare outlets, as of September 30, 2021.
The company's business model captures the entire customer value chain including retailing new vehicles, servicing and repairing vehicles, selling spare parts, lubricants and other products, selling pre-owned passenger vehicles and distribution of third-party finance and insurance products.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-19 | 1008.03 | 2834.62 | -24.43 | 187.96 | 478.78 |
| 31-Mar-20 | 831.77 | 2228.93 | -28.94 | 169.12 | 357.91 |
| 31-Mar-21 | 887.9 | 1966.34 | 11.15 | 181.78 | 327.44 |
| 31-Mar-22 | 1085.38 | 2989.12 | 66.18 | 246.94 | 308.49 |
| 30-Jun-22 | 1209.37 | 801.9 | 18.14 | 268.27 | 464.36 |
| Amount in ₹ Crore | |||||
The market capitalization of Landmark Cars IPO is Rs 2003.26 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 27.61 |
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
1. Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company and Subsidiaries.
2. General corporate purposes.
[Dilip Davda] The company is enjoying leadership in the premium automotive retail segment and also provides service and spare parts. Based on its recent financial performance the issue appears fully priced. Well-informed, cash surplus investors may consider parking funds for long-term rewards. Read detail review...
The Landmark Cars IPO is subscribed 3.06 times on December 15, 2022 7:00:00 PM. The public issue subscribed 0.59 times in the retail category, 8.71 times in the QIB category, and 1.32 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 8.71 |
| NII | 1.32 |
| bNII (bids above ₹10L) | 1.59 |
| sNII (bids below ₹10L) | 0.78 |
| Retail | 0.59 |
| Employee | 2.93 |
| Total | 3.06 |
| Listing Date | December 23, 2022 |
| BSE Script Code | 543714 |
| NSE Symbol | LANDMARK |
| ISIN | INE559R01029 |
| Final Issue Price | ₹506 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹506.00 |
| ₹471.30 |
| ₹446.45 |
| ₹480.65 |
| ₹460.05 |
| NSE |
|---|
| ₹506.00 |
| ₹471.00 |
| ₹446.20 |
| ₹481.15 |
| ₹458.40 |
Landmark Cars Limited
Landmark House, Opp. AEC, S.G. Highway,
Thaltej, Near Gurudwara,
Ahmedabad 380 059,
Phone: +91 79 6618 5555
Email: companysecretary@landmarkindia.net
Website: https://www.grouplandmark.in/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: landmark.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Landmark Cars IPO is a main-board IPO of 10,909,091 equity shares of the face value of ₹5 aggregating up to ₹552.00 Crores. The issue is priced at ₹481 to ₹506 per share. The minimum order quantity is 29 Shares.
The IPO opens on December 13, 2022, and closes on December 15, 2022.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Landmark Cars IPO using UPI as a payment gateway. Zerodha customers can apply in Landmark Cars IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Landmark Cars IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Landmark Cars IPO opens on December 13, 2022 and closes on December 15, 2022.
Landmark Cars IPO lot size is 29 Shares, and the minimum amount required is ₹14,674.
You can apply in Landmark Cars IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Landmark Cars IPO will be done on Tuesday, December 20, 2022, and the allotted shares will be credited to your demat account by Thursday, December 22, 2022. Check the Landmark Cars IPO allotment status.
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