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Landmark Cars IPO is a book build issue of ₹552.00 crores. The issue is a combination of fresh issue of 0.30 crore shares aggregating to ₹150.08 crores and offer for sale of 0.79 crore shares aggregating to ₹401.92 crores.
Landmark Cars IPO bidding started from Dec 13, 2022 and ended on Dec 15, 2022. The allotment for Landmark Cars IPO was finalized on Dec 20, 2022. The shares got listed on BSE, NSE on Dec 23, 2022.
Landmark Cars IPO price band is set at ₹506.00 per share . The lot size for an application is 29. The minimum amount of investment required by an retail is ₹13,949 (29 shares). The lot size investment for sNII is 14 lots (406 shares), amounting to ₹2,05,436, and for bNII, it is 69 lots (2,001 shares), amounting to ₹10,12,506.
The issue includes a reservation of up to 21,834 shares for employees offered at a discount of ₹48.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of 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 |
| Issue Price Band | ₹481 to ₹506 per share |
| Issue Price Final | ₹506 per share |
| Lot Size | 29 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,09,11,160 shares (aggregating up to ₹552.00 Cr) |
| Fresh Issue | 29,66,498 shares (aggregating up to ₹150.08 Cr) |
| Offer for Sale | 79,44,662 shares of ₹5 (aggregating up to ₹401.92 Cr) |
| Employee Discount | ₹48.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,66,25,620 shares |
| Share Holding Post Issue | 3,95,92,118 shares |
Landmark Cars IPO offers total 1,09,11,160 shares. Out of which 54,44,662 (49.90%) allocated to QIB, 21,77,865 (19.96%) allocated to QIB, 16,33,399 (14.97%) allocated to NII, 38,11,265 (34.93%) allocated to RII and 32,66,797 (29.94%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 54,44,662 (49.90%) | NA |
| − Anchor Investor Shares Offered | 32,66,797 (29.94%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 21,77,865 (19.96%) | NA |
| NII (HNI) Shares Offered | 16,33,399 (14.97%) | NA |
| − bNII > ₹10L | 10,88,932 (9.98%) | 2,682 |
| − sNII < ₹10L | 5,44,467 (4.99%) | 1,341 |
| Retail Shares Offered | 38,11,265 (34.93%) | 1,31,422 |
| Employee Shares Offered | 21,834 (0.20%) | NA |
| Total Shares Offered | 1,09,11,160 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Landmark Cars IPO raises ₹165.30 crore from anchor investors. Landmark Cars IPO Anchor bid date is December 12, 2022. Landmark Cars IPO Anchor Investors list
| Bid Date | December 12, 2022 |
| Shares Offered | 32,66,797 |
| Anchor Portion Size (In Cr.) | 165.30 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 19, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 20, 2023 |
Landmark Cars IPO opens on December 13, 2022, and closes on December 15, 2022.
| IPO Open Date | Tue, Dec 13, 2022 |
| IPO Close Date | Thu, Dec 15, 2022 |
| Tentative Allotment | Tue, Dec 20, 2022 |
| Initiation of Refunds | Wed, Dec 21, 2022 |
| Credit of Shares to Demat | Thu, Dec 22, 2022 |
| Tentative Listing Date | Fri, Dec 23, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Dec 15, 2022 |
Investors can bid for a minimum of 29 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 29 | ₹14,674 |
| Retail (Max) | 13 | 377 | ₹1,90,762 |
| S-HNI (Min) | 14 | 406 | ₹2,05,436 |
| S-HNI (Max) | 68 | 1,972 | ₹9,97,832 |
| B-HNI (Min) | 69 | 2,001 | ₹10,12,506 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 ₹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...
| Listing Date | December 23, 2022 |
| BSE Script Code | 543714 |
| NSE Symbol | LANDMARK |
| ISIN | INE559R01029 |
| Final Issue Price | ₹506 per share |
| BSE Listing Group | B |
Landmark Cars Ltd.
Landmark House, Opp. AEC, S.G. Highway,
Thaltej,
Near Gurudwara,
Ahmedabad, Gujarat, 380059
Phone: +91 79 6618 5555
Email: companysecretary@landmarkindia.net
Website: https://www.grouplandmark.in/
MUFG Intime India Pvt.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 1,09,11,160 equity shares of the face value of ₹5 aggregating up to ₹552.00 Crores. The issue is priced at ₹506 per share. The minimum order quantity is 29.
The IPO opens on December 13, 2022, and closes on December 15, 2022.
MUFG Intime India Pvt.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, and the minimum amount required for application is ₹14,674.
You can apply in Landmark Cars IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Friday, December 23, 2022.
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