Landmark Cars IPO Review

 
Landmark Cars IPO Review | GMP

IPO Open Date: December 13, 2022

IPO Close Date: December 15, 2022

IPO Price: ₹481 to ₹506 per share

Lot Size: 29 Shares

Listing: December 23, 2022

Landmark Cars IPO Details: Landmark Cars Ltd. IPO is scheduled to hit the market on December 13 and close on December 15. Landmark Cars plans to raise around 552 crores through an IPO with a sale of up to 10,909,091 equity shares of ₹5 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.

Landmark Cars Limited is one of the largest networks of car dealerships in the country with 115 state-of-the-art facilities in eight states. They have dealerships for premium automobile brands such as Mercedes-Benz, Volkswagen, Honda, Jeep, Renault, and BYD. Moreover, they do commercial vehicle business with Ashok Leyland.

Landmark Cars provides a range of services, including the sale of new vehicles, after-sales service and repairs, as well as the sale of pre-owned passenger vehicles. We also offer the sale of spare parts, lubricants, and accessories, and can facilitate the sale of third-party finance and insurance products.

Landmark Cars Limited operates a vehicle dealership network 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.

Landmark Cars IPO Details

Landmark Cars IPO opens on Dec 13, 2022, and closes on Dec 15, 2022. The Listing date for Landmark Cars IPO is on [__]. The price band for IPO is ₹481 to ₹506 per share and lot size of 29 shares.

IPO DateDec 13, 2022 to Dec 15, 2022
Listing DateDec 23, 2022
Price₹481 to ₹506 per share
Lot Size29 Shares
Issue Size₹552.00 Cr
Face Value₹5 per share

Landmark Cars IPO Tentative Timetable

Landmark Cars IPO date is Dec 13, 2022 and close date is Dec 15, 2022. The IPO allotment date is Dec 20, 2022. The refund initiation of IPO is on Dec 21, 2022. The credit of shares in demat account is on Dec 22, 2022. The listing date of Landmark Cars is on Dec 23, 2022.

EventDate
IPO OpeningDec 13, 2022
IPO ClosingDec 15, 2022
IPO Allotment DateDec 20, 2022
Refund InitiationDec 21, 2022
Shares Credit to DematDec 22, 2022
Lisiting DateDec 23, 2022

Landmark Cars IPO Lot Size

Lot Size of this IPO is 29 shares. A retail-individual investor can apply for up to 13 lots (377 shares or ₹194,922).

CategoryLotsSharesAmount
Retail(Minimum)129₹14,674
Retail(Maximum)13377₹190,762
S-HNI (Minimum)14406₹205,436
B-HNI (Minimum)672,001₹1,012,506

Landmark Cars IPO Promoter Holding

Pre Issue Share Holding60.24%
Post Issue Share Holding44.61%

Landmark Cars IPO Review

Landmark Cars Limited(LCL) is a company that specializes in premium automotive retail and after-sales services, including the sale of spare parts.

Over the last three fiscal years, the company's consolidated turnover and net profit have been inconsistent. In fiscal year 20, LCL posted a turnover of Rs. 2228.93 cr. and a net loss of Rs. 28.94 cr. The following year, the company earned a net profit of Rs. 11.15 cr. on a turnover of Rs. 1966.34 cr.

In fiscal year 22, LCL's performance improved further, with a net profit of Rs. 66.18 cr. on a turnover of Rs. 2989.12 cr. In the first quarter of fiscal year 23, the company earned a net profit of Rs. 18.14 cr. on a turnover of Rs. 801.90 cr.

Despite the inconsistencies in its top line, LCL's bottom line has shown growth. Well-informed, cash surplus investors may consider investing in the company for long-term rewards, although the current financial performance may already be fully priced in.

Landmark Cars IPO – Company Financials

Profit & Loss

ParticularsMAR 2017MAR 2018MAR 2019MAR 2020MAR 2021
Net Sales 524.75695.34764.93658.46560.53
Total Expenditure 508.54662.94742.17639.41522.33
Operating Profit 16.2132.4022.7619.0538.19
Other Income 3.824.314.437.228.26
Interest 6.054.5911.2210.6610.79
Depreciation 5.016.828.5815.5316.02
Exceptional Items 00000
Profit Before Tax 8.9725.317.390.0819.64
Provision for Tax3.239.142.390.264.83
Net Profit 5.7416.175-0.1814.81
Adjusted EPS (Rs.) 0.361.020.1400.40

Landmark Cars IPO Subscription Status (Bidding Details)

InvestorSubscription
Qualified Institutions (QII)8.71
Non-Institutional Buyers1.32
  bNII (bids above ₹10L)1.59
  sNII (bids below ₹10L)0.78
Retail Investors(RII)0.59
Employees2.93
Others
Total3.06

Landmark Cars IPO Broker Recommendations

  • Capital Market: N/A
  • Religare Broking: N/A
  • Hem Securities: N/A
  • Arihant Capital: N/A

Landmark Cars IPO FAQs

What is Landmark Cars IPO?

Landmark Cars is issuing 10,909,091 equity shares with a face value of ₹5 each, totaling up to ₹552.00 Cr. The shares are being offered at a price of ₹481 to ₹506 each, with a minimum order quantity of 29 shares.

Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Landmark Cars will open?

Landmark Cars IPO will open on December 13, 2022 for QIB, NII, and Retail Investors.

When Landmark Cars IPO will end?

Landmark Cars IPO will end on December 15, 2022.

What is Landmark Cars IPO Size?

Landmark Cars IPO size is ₹552.00 crores.

What is Landmark Cars IPO Price Band?

Landmark Cars IPO price band is ₹481 to ₹506.

What is the Landmark Cars IPO Allotment Date?

Landmark Cars IPO allotment date is December 20, 2022.

What is the Landmark Cars IPO Listing Date?

Landmark Cars IPO listing date is December 23, 2022. The IPO is to be listed on BSE and NSE.

How to Apply Landmark Cars IPO through Zerodha?

To apply for the IPO “Landmark Cars” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Landmark Cars IPO through Upstox?

To apply for the IPO “Landmark Cars” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Landmark Cars IPO Allotment Status?

To check the allotment status you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Landmark Cars IPO GMP?

You can check out here: Landmark Cars IPO GMP

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