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Landmark Cars Limited IPO (Landmark Cars IPO) Detail

Dec 13, 2022 - Dec 15, 2022

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

Objects of the Issue

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 Details

IPO Date Dec 13, 2022 to Dec 15, 2022
Listing Date [.]
Face Value ₹5 per share
Price ₹481 to ₹506 per share
Lot Size 29 Shares
Issue Size10,909,091 shares of ₹5
(aggregating up to ₹552.00 Cr)
Fresh Issue2,964,427 shares of ₹5
(aggregating up to ₹150.00 Cr)
Offer for Sale7,944,664 shares of ₹5
(aggregating up to ₹402.00 Cr)
Employee Discount 48
Issue Type Book Built Issue IPO
Listing At BSE, NSE
QIB Shares OfferedNot more than 50% of the Net Offer
NII (HNI) Shares OfferedNot less than 15% of the Net Offer
Retail Shares OfferedNot less than 35% of the Net Offer
Company Promoters

Sanjay Karsandas Thakker is the company promoter.

Landmark Cars IPO Tentative Timetable

Landmark Cars IPO opens on Dec 13, 2022, and closes on Dec 15, 2022. The Landmark Cars IPO bid date is from Dec 13, 2022 10.00 A.M. to Dec 15, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Dec 13, 2022
Closing Date Dec 15, 2022
Basis of Allotment Dec 20, 2022
Initiation of Refunds Dec 21, 2022
Credit of Shares to Demat Dec 22, 2022
Listing Date Dec 23, 2022

Landmark Cars IPO Lot Size

The Landmark Cars IPO lot size is 29 shares. A retail-individual investor can apply for up to 13 lots (377 shares or ₹190,762).

Application Lots Shares Amount
Retail (Min) 1 29 ₹14,674
Retail (Max) 13 377 ₹190,762
S-HNI (Min) 14 406 ₹205,436
B-HNI (Min) 69 2,001 ₹1,012,506

Landmark Cars IPO Promoter Holding

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

Landmark Cars IPO Prospectus

Landmark Cars IPO Rating

185
3.3
Rating:Rated 3.3 stars
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Company Contact Information

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/

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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 Dec 13, 2022, and closes on Dec 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 Dec 13, 2022 and closes on Dec 15, 2022.

Landmark Cars IPO lot size is 29 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Landmark Cars IPO will be done on Dec 20, 2022, and the allotted shares will be credited to your demat account by Dec 22, 2022. Check the Landmark Cars IPO allotment status.

The Landmark Cars IPO listing date is not yet announced. The tentative date of Landmark Cars IPO listing is Dec 23, 2022.
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