The Landmark Cars date has been confirmed from December 13 and ended on December 15 .
The Landmark Cars IPO date has been announced; the IPO will open on December 13 and finish on December 15. Landmark Cars IPO will raise about 552 crores through an IPO that includes a fresh offering of 150 crores and an offer for sale of up to 402 of 5 apiece. The retail share is 35%, the QIB share is 50%, and the HNI share is 15%.
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Bidding Dates
December 13 – 15 ,2023
Price Range
₹481 to ₹506 per share
Face Value
₹5 per Equity share
GMP
₹-15
Landmark Cars GMP
The Landmark Cars IPO GMP is ₹[-15].
IPO Overview
Landmark Cars Limited operates 115 state-of-the-art showrooms in eight states, making it one of the country’s largest auto dealership networks. They have showrooms for luxury car brands like as Mercedes-Benz, Volkswagen, Honda, Jeep, Renault, and BYD. In Ashok Leyland, India, they also sell commercial vehicles. They have a presence throughout the automotive retail value chain, including new car sales and pre-owned passenger vehicle after-sales service sales. They have 112 locations in eight states, with 60+ sales showrooms and 50+ after-sales services. They have a large dealership network in more than 30 cities and union territories, including Maharashtra, Uttar Pradesh, Gujarat, Haryana, Madhya Pradesh, Punjab, West Bengal, and Delhi’s National Capital Territory. “Landmark Cars collected Rs 165 crore through an anchor book before to its IPO”.
Landmark Cars IPO Date & Price Band Details
| IPO Open: | December 13, 2022 |
| IPO Close: | December 15, 2022 |
| IPO Size: | Approx ₹552 Crores |
| Fresh Issue: | Approx ₹150 Crores |
| Offer for Sale: | Approx ₹402 Crores, 26,900,530 Shares |
| Face Value: | ₹5 Per Equity Share |
| IPO Price Band: | ₹481 to ₹506 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| Discount: | ₹48 for Employees |
Landmark Cars IPO Market Lot
The Landmark Cars IPO minimum market lot is 29 shares with ₹14,674 application amount. The retail investors can apply up-to 13 lots with 377 shares or ₹190,762 amount.
| Appliction | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 29 | ₹14,674 |
| Retail Maximum | 13 | 377 | ₹190,762 |
| S-HNI Minimum | 14 | 406 | ₹205,436 |
| B-HNI Minimum | 69 | 2001 | ₹10,12,506 |
Landmark Cars IPO Allotment and Listing Dates
| Price Band Announcement: | December 7, 2022 |
| Anchor Investors Allotment: | December 12, 2022 |
| IPO Open Date: | December 13 2022 |
| IPO Close Date: | December 15 2022 |
| Basis of Allotment: | December 20, 2022 |
| Refunds: | December 21, 2022 |
| Credit to Demat Account: | December 22, 2022 |
| Landmark Cars IPO Listing Date: | December 23, 2022 |
Landmark Cars Company Financial Report
| Year (₹ in Crores) | Revenue | Expense | PAT |
| 2020 | ₹2229 | ₹2256 | ₹28.94 |
| 2021 | ₹1966 | ₹1947 | ₹11.15 |
| 2022 6M | ₹1420 | ₹1391 | ₹27.95 |
Landmark Cars IPO Valuation, FY2021
Check Landmark Cars IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹3.09 per Equity Share |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 6.23% |
| Net Asset Value (NAV): | ₹49.62 per Equity Share |
Company Profile
Sanjay Thakker founded Group Landmark in 1997, a company that not only operates an insurance broking business but also employs over 3,000 individuals. Landmark Cars, located in Ahmedabad, has a vast network of more than 100 dealerships across the country. These dealerships offer renowned brands such as Mercedes-Benz, Honda, Jeep, Volkswagen, and Renault. Additionally, Landmark Cars is involved in the commercial vehicle retail business of Ashok Leyland in India. The auto dealership business of Landmark Cars is spread across 29 cities, including Gujarat, West Bengal, Maharashtra, Madhya Pradesh, Delhi,
and Punjab. Recently, the group announced its partnership with BYD, an electric vehicle manufacturer based in China. This collaboration aims to facilitate the sale and after-sales services of BYD’s electric vehicles in India. According to CRISIL Research, the premium segment is projected to experience a Compound Annual Growth Rate (CAGR) of 10-12% from Fiscal 2021 to Fiscal 2026. Similarly, the luxury segment is expected to grow at a CAGR of 20-22% during the same period.
Registrar Info
| Name | LINK INTIME INDIA PRIVATE LIMITED |
| Phone number | +91 22 4918 6270 |
| Email ID | landmark.ipo@linkintime.co.in |
| Website | https://linkintime.co.in |
Contact Details
| Name | Landmark Cars |
| Phone number | +91 79 6618 5555 |
| Email ID | companysecretary@landmarkindia.net |
| Website | https://www.grouplandmark.in |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
