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Landmark Cars Ltd.

IPO Details · GMP · Subscription · Financials

✅ Listed NSE & BSE Mainboard Live Chart
Issue Price
₹506
Per Share
GMP
NIL
Grey Market
Est. Listing
₹506
Expected Price
Min. Application
₹29,348
2 lots × 29 shares
IPO Issue Details
Issue Price / Price Band₹506 per share (Fixed Price)
Face Value₹5 Per Share
Lot Size29 Shares per Lot
Total Issue Size1,09,11,160 shares (aggregating up to ₹552.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenTue, 13 Dec 2022
Subscription CloseThu, 15 Dec 2022
Anchor AllotmentMon, 12 Dec 2022
Basis of AllotmentTue, 20 Dec 2022
Initiation of RefundsWed, 21 Dec 2022
Credit of Shares to DematThu, 22 Dec 2022
Listing DateFri, 23 Dec 2022
UPI Mandate Deadline2022-12-15
Application & Investment Details
Retail — Min (1 Lots)₹14,674 — 29 shares
Retail — Max (13 Lots)₹190,762 (13 Lots)
HNI — Min (14 Lots)₹2,05,436 — 406 shares
P/E Ratio (Pre-IPO)27.61x
Pre-IPO Promoter Holding3,66,25,620 shares
Post-IPO Promoter Holding3,95,92,118 shares
Fresh Issue Shares29,66,498 shares (aggregating up to ₹150.08 Cr)
Offer for Sale Shares79,44,662 shares of ₹5 (aggregating up to ₹401.92 Cr)
About Landmark Cars Ltd.

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.

Objects of the Issue

Landmark Cars Ltd. proposes to utilise the net proceeds from the Issue for the following objects:

1
1 Pre-payment, in full or in part, of borrowings availed by the Subsidiaries
120.00
2
2 General corporate purposes
19.11
Shareholding & Lock-in
Pre-IPO Promoter Holding 3,66,25,620 shares
Post-IPO Promoter Holding 3,95,92,118 shares
Lock-in Period (30%)January 19, 2023
Lock-in Period (50%)March 20, 2023
Check AllotmentCheck Status →
Landmark Cars Ltd. — Live Price LIVE
₹506.00
INR · BSE
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Issue ₹506.00 Live Price
Quick Facts
GMP Signal ⚪ No GMP
StatusListed
Issue Price₹506
GMPNIL
Est. Listing₹506
Lot Size29 shares
Min Amount₹29,348
Listing Date23 Dec 2022
Disclaimer: GMP is unofficial and unregulated. It does not guarantee actual listing price.
Listing Performance
Issue Price₹506
Listing Date23 Dec 2022
Listing Price
Listing Gain/Loss—%
52-Week High
52-Week Low
Issue Structure & Reservation
Category Shares Offered % Issue Amount (₹ Cr)* Subscription
TOTAL 10,911,160 100.00% ₹552.10 Cr
* Based on ₹506.00 (upper price band)
Lot Size & Investment Details
Lot Size
29
Shares
Issue Price
₹506.00
Per Share
Min Investment
₹14,674
1 Lot
Category Lots Shares Amount (₹)
Retail (Min) 1 29 ₹14,674
Retail (Max) 13 377 ₹190,762
sNII (Min) 14 406 ₹205,436
bNII (Min) 69 2,001 ₹1,012,506
Company Financials — Restated Consolidated (Amount in Crore)
Particulars31-Mar-1931-Mar-2031-Mar-21
Revenue from Operations 2834.62 2228.93 1966.34
EBITDA N/A N/A N/A
Profit After Tax (PAT) -24.43 -28.94 11.15
Net Worth 187.96 169.12 181.78
Total Assets 1008.03 831.77 887.90
Reserves & Surplus N/A N/A N/A
Total Borrowings 478.78 357.91 327.44
Key Ratios & Valuation
Issue Price ₹506
Face Value ₹5 Per Share
P/BV N/A
RoE N/A
RoCE N/A
RoNW N/A
PAT Margin (%) N/A
EBITDA Margin (%) N/A
Debt / Equity N/A
Company Details
Company
Landmark Cars Ltd.
Exchange
NSE & BSE
IPO Type
Mainboard IPO
Issue Type
Bookbuilding IPO
Face Value
₹5 Per Share
Script Code
N/A
Address
Landmark House, Opp. AEC, S.G. Highway, Thaltej, Near Gurudwara, Ahmedabad, Gujarat, 380059
Book Running Lead Managers
Axis Capital Ltd.
Book Running Lead Manager (BRLM)
ICICI Securities Ltd.
Book Running Lead Manager (BRLM)