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Landmark Cars Limited IPO (Landmark Cars IPO) Detail

December 13, 2022 - December 15, 2022

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.

Landmark Cars IPO Details

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 Size10,909,091 shares
(aggregating up to ₹552.00 Cr)
Fresh Issue2,964,427 shares
(aggregating up to ₹150.00 Cr)
Offer for Sale7,944,664 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

Landmark Cars IPO Reservation

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 OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered2,291,061 (28.49%)NA
NII (HNI) Shares Offered1,718,295 (21.37%)
  bNII > ₹10L1,145,530 (14.24%)2,821
  sNII < ₹10L572,765 (7.12%)1,410
Retail Shares Offered4,009,355 (49.86%)138,253
Employee Shares Offered23,094 (0.29%)NA
Total Shares Offered8,041,805 (100%)

Landmark Cars IPO Timeline (Tentative Schedule)

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

Landmark Cars IPO Lot Size

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

Landmark Cars IPO Promoter Holding

Sanjay Karsandas Thakker is the company promoter.

Share Holding Pre Issue 60.24%
Share Holding Post Issue 44.61%

About Landmark Cars Limited

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.

Company Financials

Landmark Cars Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-191008.032834.62-24.43187.96478.78
31-Mar-20831.772228.93-28.94169.12357.91
31-Mar-21887.91966.3411.15181.78327.44
31-Mar-221085.382989.1266.18246.94308.49
30-Jun-221209.37801.918.14268.27464.36
Amount in ₹ Crore

Key Performance Indicator

The market capitalization of Landmark Cars IPO is Rs 2003.26 Cr.

Pre IPO Post IPO
P/E (x) 27.61

Objects of the Issue (Landmark Cars IPO Objectives)

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.

Landmark Cars IPO Review (May apply)

[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...


Landmark Cars IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
QIB8.71
NII1.32
    bNII (bids above ₹10L)1.59
    sNII (bids below ₹10L)0.78
Retail0.59
Employee2.93
Total3.06

Landmark Cars IPO Prospectus

Landmark Cars IPO Rating

406
3.2
Rating:Rated 3.2 stars
Vote Here ...

Landmark Cars IPO Listing Details

Listing Date December 23, 2022
BSE Script Code 543714
NSE Symbol LANDMARK
ISIN INE559R01029
Final Issue Price ₹506 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

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

Check IPO Performance…

Landmark Cars Limited Contact Details

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/

Landmark Cars IPO Registrar

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 - Buy or Not

Landmark Cars IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 8 1 2
Members 1 0 8

Read All Reviews Post Your Review Manage Reviews

Landmark Cars IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Landmark Cars IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Landmark Cars IPO listing date is on December 23, 2022.
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Landmark Cars IPO Message Board

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297 Comments

146. TujeMirchiLagiToMaiKyaKaru |   Link |  Bookmark |January 31, 2023 2:53:16 PM
L L G
145. SSingh |   Link |  Bookmark |January 10, 2023 10:00:50 AM
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Locked at UC just within 5 Seconds of listing! :D
145.1. SSingh |   Link |  Bookmark |January 10, 2023 10:36:11 AM
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
Message was for ANLON
144. Vikas Lohia |   Link |  Bookmark |January 9, 2023 1:47:14 PM
When is 30 days anchor lockin period ending for Landmark?
143. P S S |   Link |  Bookmark |January 7, 2023 10:27:35 PM
Listing in negative and now up, can we purchase at current rate, experts please advise, thanks in advance.
142. Not A Trader |   Link |  Bookmark |January 3, 2023 3:37:06 PM
Finally today it crossed issue price. I have holded one lot from the day of allotment patiently waiting for rise.Now, sold it @ 509.50. Could have waited little longer for increase in price but i had intention of only to recover loss after it got listed with lesser than issue price.
PS: The same happened with fusion but i sold one lot at loss but after some days it crossed its issue price. So, i thought it would happen with Sula and Landmark.Still waiting for Sula😊.
142.1. IPO Gyaaan |   Link |  Bookmark |January 3, 2023 4:01:46 PM (200+ Posts)
Closing above issue price is a good sign.
141. Chem cho |   Link |  Bookmark |December 26, 2022 9:18:13 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
rs 458. 28/12/22
140. God is Great |   Link |  Bookmark |December 25, 2022 3:24:10 PM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
लैंडमार्क कार वाले ने तो अपने कर्मचारियों को भी नहीं बक्शा|hari om🙏
140.1. Param Patel |   Link |  Bookmark |December 26, 2022 12:10:58 PM
IPO Mentor IPO Mentor (700+ Posts, 300+ Likes)
Employees ke liye to 2.5% up me khula
140.2. God is Great |   Link |  Bookmark |December 27, 2022 11:30:28 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Dear param.. Landmark management team said to employees after listing"आज खुश तो बहोत हुए होंगे तुम😄
139. ManishDwiv |   Link |  Bookmark |December 23, 2022 7:30:54 PM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
Don't invest if it dips further.
138. Jaga |   Link |  Bookmark |December 23, 2022 7:00:05 PM
23-Dec-2022      LANDMARK      Landmark Cars Limited      GOLDMAN SACHS FUNDS - GOLDMAN SACHS INDIA EQUITY PORTFOLIO      BUY      3,92,421      466.55      -
23-Dec-2022      LANDMARK      Landmark Cars Limited      INTEGRATED CORE STRATEGIES ASIA PTE LTD      SELL      3,82,473      463.82      
137. lucky boy |   Link |  Bookmark |December 23, 2022 8:58:55 AM
IPO Mentor IPO Mentor (1100+ Posts, 300+ Likes)
landmark short karku pre open main ya abnas short karu??
konsa better rahega
137.3. Arca |   Link |  Bookmark |December 23, 2022 10:59:02 AM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
How do you short these shares?Which broker allows you to short ?
137.4. lucky boy |   Link |  Bookmark |December 24, 2022 11:04:38 AM
IPO Mentor IPO Mentor (1100+ Posts, 300+ Likes)
@ lucky boy

yes..intraday
136. svh |   Link |  Bookmark |December 23, 2022 10:10:09 AM
IPO Guru IPO Guru (2300+ Posts, 3500+ Likes)
Landmark and Cartrade both are trading in similar range.450-460
Nifty targeting 17700 by Tuesday 3:30
🙏👍
136.1. svh |   Link |  Bookmark |December 23, 2022 10:27:09 AM
IPO Guru IPO Guru (2300+ Posts, 3500+ Likes)
Nifty (-150) to (-200) in 15 min
🙏👍
135. Madhur Jain CA |   Link |  Bookmark |December 23, 2022 10:18:27 AM
@459
134. SSingh |   Link |  Bookmark |December 23, 2022 9:49:57 AM
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
L lag gaye. :(
134.2. Trueinfo |   Link |  Bookmark |December 23, 2022 9:56:57 AM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
It was giving sufficient indication of negative listing.
134.3. PKRAJ |   Link |  Bookmark |December 23, 2022 10:10:35 AM
@SSingh
Sorry for bad listing. I was already negative on this IPO. Very bad for those who believe in listing gains.
Such a hefty premium was main negative. Negative market also a negative factor.
133. gala |   Link |  Bookmark |December 23, 2022 9:56:36 AM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
Sell short
132. sagar dasa |   Link |  Bookmark |December 23, 2022 9:54:54 AM
Down 7%, buy for long term. Don’t sell in panic
131. Trueinfo |   Link |  Bookmark |December 23, 2022 9:52:19 AM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Preopen
NSE 471
BSE 471.3
About 7% down.
130. lucky boy |   Link |  Bookmark |December 23, 2022 8:57:12 AM
IPO Mentor IPO Mentor (1100+ Posts, 300+ Likes)
landmark short karku pre open main ya abnas short karu??
konsa better rahega
129. lucky boy |   Link |  Bookmark |December 23, 2022 8:26:41 AM
IPO Mentor IPO Mentor (1100+ Posts, 300+ Likes)
bhai landmark batao gaadi kidhar leke aana hain
Shaitan gali, khatra mahal, andher nagar, shamshan ke samne.
128. bAAz |   Link |  Bookmark |December 22, 2022 10:16:36 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
Gmp(-discount)
127. Jaga |   Link |  Bookmark |December 22, 2022 12:19:25 PM
Sula was expected to list in discount but somehow opened `Green` hope Landmarks do the same
127.2. Jaga |   Link |  Bookmark |December 22, 2022 7:30:42 PM
@SSingh
Lets see how the ipo performs accordingly i will act why so much worry before listing. In past also i had bough some ipos which listed discount but in small span i booked profit. Just see the fivestar and fusion,rainbow initially listed at discount but in few week investors booked good profit even though undersubscribed. if the ipo is good wait sometime for good return. Everyone can't become a millionaire on listing day. Now the Qib,FII all behaves like retail invester even an ipo is good booking their listing gain and disappearing.
127.3. SSingh |   Link |  Bookmark |December 22, 2022 9:03:38 PM
IPO Guru IPO Guru (1300+ Posts, 700+ Likes)
👍👍🙏🏻🙏🏻