Bookbuilding IPO | ₹40 Cr | Listed at BSE SME | Thu, Jan 16, 2025 - Mon, Jan 20, 2025
Landmark Immigration Consultants IPO is a book build issue of ₹40.32 crores. The issue is entirely a fresh issue of 0.56 crore shares of ₹40.32 crore.
Landmark Immigration Consultants IPO bidding started from Jan 16, 2025 and ended on Jan 20, 2025. The allotment for Landmark Immigration Consultants IPO was finalized on Jan 21, 2025. The shares got listed on BSE SME on Jan 23, 2025.
Landmark Immigration Consultants IPO price band is set at ₹72 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,15,200 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,30,400.
Shreni Shares Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Shreni Shares Ltd..
Refer to Landmark Immigration Consultants IPO RHP for detailed Information.
IPO Open
Thu, Jan 16, 2025
IPO Close
Mon, Jan 20, 2025
Issue Price
₹72 per share
Market Cap (Pre-IPO)
₹148.39 Cr
| IPO Date | 16 to 20 Jan, 2025 |
| Listed on | Thu, Jan 23, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹70 to ₹72 |
| Issue Price | ₹72 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE SME |
| Total Issue Size | 56,00,000 shares (agg. up to ₹40 Cr) |
| Reserved for Market Maker | 2,84,800 shares Shreni Shares Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 53,15,200 shares (agg. up to ₹38 Cr) |
| Net Offered to Public | 53,15,200 shares (agg. up to ₹38 Cr) |
| Share Holding Pre Issue | 1,50,10,000 shares |
| Share Holding Post Issue | 2,06,10,000 shares |
| BSE Script Code | 544341 |
| ISIN | INE12QA01010 |
Landmark Immigration Consultants IPO comprises a total issue size of 56,00,000 shares. The net offer to the public is 53,15,200 shares, after excluding 2,84,800 shares allotted on a firm basis. Of the Net offer 20,84,800 (39.22%) are allocated to QIB, 11,50,400 (21.64%) allocated to NII 20,80,000 (39.13%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 20,84,800 | 39.22% | 37.23% |
| − Anchor Investor Shares Offered | 8,48,000 | 15.14% | |
| − QIB (Ex. Anchor) Shares Offered | 12,36,800 | 22.09% | |
| NII (HNI) Shares Offered | 11,50,400 | 21.64% | 20.54% |
| Retail Shares Offered | 20,80,000 | 39.13% | 37.14% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,84,800 | 5.09% | |
| Total Shares Offered | 56,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,15,200 |
| Retail (Max) | 1 | 1,600 | ₹1,15,200 |
| HNI (Min) | 2 | 3,200 | ₹2,30,400 |
Landmark Immigration Consultants IPO raises ₹6.11 crore from anchor investors. Landmark Immigration Consultants IPO Anchor bid date is January 15, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Jan 15, 2025 |
| Shares Offered | 8,48,000 |
| Anchor Portion (₹ Cr.) | 6.11 |
| Anchor lock-in period end date for 50% shares (30 Days) | Tue, Feb 18, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sat, Apr 19, 2025 |
Incorporated in 2010, Landmark Immigration Consultants Limited is engaged in the business of Global Consultancy Services.
The company offers Global Education Consultancy for students seeking to study abroad and Immigration Consultancy for visas, tourism, business, and permanent residency, primarily in Canada.
The company offers global education and immigration consultancy through 9 fully equipped branches, partnering with over 30 Canadian institutions, with dedicated consultants and training facilities. Company has entered into 3 Franchise Agreements at Jammu, Jind, and Karnal.
Services:
As of September 30, 2024, the company has around 128 employees on a payroll basis.
Competitive Strengths:
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 52.16 | 44.32 | 36.25 | 36.12 |
| Total Income | 19.25 | 37.07 | 21.63 | 19.32 |
| Profit After Tax | 5.40 | 11.12 | 4.43 | 3.94 |
| NET Worth | 42.15 | 36.75 | 25.63 | 21.20 |
| Reserves and Surplus | 27.14 | 21.74 | 25.62 | 21.19 |
| Total Borrowing | 1.99 | 0.74 | 2.51 | 5.27 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure to be incurred by our Company for setting up new branches. | 11.01 |
| 2 | Advertisement expenses towards enhancing the awareness and visibility of our brand | 13.95 |
| 3 | Pursuing Inorganic growth initiatives through Acquisitions | 9.60 |
| 4 | General corporate purposes | 1.04 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 35.64% |
| Debt/Equity | 0.02 |
| RoNW | 30.25% |
| PAT Margin | 31.87% |
| Price to Book Value | 2.94 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.41 | 5.24 |
| P/E (x) | 9.72 | 13.74 |
| Promoter Holding | 97.92% | 71.31% |
| Market Cap | ₹148.39 Cr. |
The Landmark Immigration IPO is subscribed 72.84 times on January 20, 2025 6:19:08 PM (Day 2). The public issue subscribed 81.87 times in the retail category, 35.58 times in the QIB category, and 96.57 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for | Total Application |
|---|---|---|---|---|
| QIB | 35.58 | 12,36,800 | 4,40,09,600 | 32 |
| NII* | 96.57 | 11,50,400 | 11,11,05,600 | 9,725 |
| Retail | 81.87 | 20,80,000 | 17,02,83,200 | 1,06,441 |
| Total | 72.84 | 44,67,200 | 32,53,98,400 | 1,56,570 |
Total Application : 1,56,570
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager Fees including underwriting commission | 2.36 |
| 2 | Brokerage, selling, commission and upload fees | 0.01 |
| 3 | Registrar to the issue | 0.02 |
| 4 | Legal Advisors | 0.02 |
| 5 | Advertising and Marketing expenses | 2.06 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of issue stationery | 0.01 |
| 8 | Others, if any (market making, depositories, fees, secretarial, peer review etc.) | 0.19 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹72.00 |
| Open | ₹75.00 |
| Low | ₹75.00 |
| High | ₹78.75 |
| Last Trade | ₹75.07 |
Lead Manager Reports
Landmark Immigration Consultants IPO is a SME IPO of 56,00,000 equity shares of the face value of ₹10 aggregating up to ₹40 Crores. The issue is priced at ₹72 per share. The minimum order quantity is 1600.
The IPO opens on Thu, Jan 16, 2025, and closes on Mon, Jan 20, 2025.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Landmark Immigration Consultants IPO using UPI as a payment gateway. Zerodha customers can apply in Landmark Immigration Consultants IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Landmark Immigration Consultants IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Landmark Immigration Consultants IPO opens on Thu, Jan 16, 2025 and closes on Mon, Jan 20, 2025.
Landmark Immigration Consultants IPO lot size is 1600, and the minimum amount required for application is ₹1,15,200.
You can apply in Landmark Immigration Consultants 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 Immigration Consultants IPO will be done on Tuesday, January 21, 2025, and the allotted shares will be credited to your demat account by Wed, Jan 22, 2025. Check the Landmark Immigration Consultants IPO allotment status.
The Landmark Immigration Consultants IPO listing date is on Thu, Jan 23, 2025.
