Landmark Cars IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Landmark Cars

CMP

715.45

-10.40 (-1.43%)

₹506

Offer Price

₹ 552.00 Cr

Issue Size

₹ 14,674

Min Investment

3.06x

Times Subscribed

29

Lot size

Time Line

  • 13
    Dec 2022
    Open
  • 15
    Dec 2022
    Close
  • 20
    Dec 2022
    Finalisation of Basis of Allotment
  • 21
    Dec 2022
    Initiation of Refunds
  • 22
    Dec 2022
    Transfer of Shares to Demat Account
  • 23
    Dec 2022
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Continue expansion focusing on high growth segments and brands

  • Expand its after-sales service business

  • Build its pre-owned passenger vehicle business leveraging its experience, technology and network

  • Continue to invest in technology and digitalizing sales and service channels

  • Continue strategic acquisitions to expand geographic reach in premium and luxury brands

Products & Services

  • Landmark Cars Ltd is a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen, and Renault.

  • The Company also has a commercial vehicle dealership for Ashok Leyland in India.

Strengths

  • Leading automotive dealership for major OEMs with a strong focus on high growth segments

  • Growing presence in after-sales segment leading predictable growth in revenues and superior margins;

  • Comprehensive business model capturing entire customer value-chain;

  • Robust business processes leveraging technological innovation and digitalization

Company Promoters

Promoters Holding

Issue For IPO
41.38%
Pre Holding

41.38%

Post Holding

-

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 2,976.52 (52.20%) 3,382.35 (13.60%) 18.04 (-)
Gross Profit 2,976.52 (52.20%) 3,382.35 (13.60%) 18.04 (-)
Net Income 2,976.52 (52.20%) 3,382.35 (13.60%) 18.04 (-)
Assets 2,976.52 (52.20%) 3,382.35 (13.60%) 18.04 (-)
Liabilities 2,976.52 (52.20%) 3,382.35 (13.60%) 18.04 (-)

Book Running Managers

  • Axis Capital Ltd
  • ICICI Securities Ltd

Registrar & Transfer Agent

Link Intime India Pvt Ltd

C-101 247 Park,
L B S Marg,
Vikhroli West - Mumbai-400083
Phone : 91-22-49186000 Fax: 91-22-49186060

Company Contact Information

Landmark House Opp AEC SG HW,
Thaltej Near Gurudwara,
Ahmedabad - 380059
Phone : 91-79-6618 5555 Email : companysecretary@landmarkindia.net https://www.grouplandmark.in

Offer Related Information

Initial public offering of 10,911,160* equity shares of face value of Rs. 5 each ("Equity Shares") of the company for cash at a price of Rs. 506 per equity share (including a share premium of Rs. 501 per equity share) ("Offer Price") aggregating to Rs. 552.00* crores ("Offer"). The offer comprised a fresh issue of 2,966,498* equity shares aggregating to Rs. 150.00* crores ("Fresh Issue") and an offer for sale of 7,944,662* equity shares ("Offered Shares") aggregating to Rs. 402.00* crores,... More

News

  • 16 Dec 2022, 10:10 AM

    Landmark Cars IPO ends with decent subscription

  • 15 Dec 2022, 17:40 PM

    Landmark Cars IPO subscribed 3.06 times

  • 14 Dec 2022, 17:29 PM

    Landmark Cars IPO subscribed 39%

  • 13 Dec 2022, 17:14 PM

    Landmark Cars IPO subscribed 17%

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