Landmark Cars IPO Date, Price, Review
Landmark Cars IPO: Know everything about Landmark Cars IPO. Landmark Cars International Limited IPO Date, Landmark Cars Ltd IPO Review and analysis. We will discus about Landmark Cars IPO Benefits & Risks. Also, all information related to Landmark Cars IPO like price band, all important dates, issue size, Brockrage Review, and retail quota etc.
Landmark Cars IPO
Landmark Cars Limited is in the business of leading premium automotive retail with dealerships for Mercedes-Benz, Jeep, Honda, Volkswagen, and Renault in India. Landmark Cars Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs 762.00 crore through IPO (Initial public offering).
Landmark Cars IPO will open on 13 December 2022 and close on 15 December 2022. The price band of the Landmark Cars IPO is ₹- to ₹-. Landmark Cars IPO size is 762 Crores. The offer includes 150 Crores under fresh issue and 612 Crores under offer for sale. Landmark Cars IPO QIB quota is 50%, NII quota is 15% and RII quota is 35%. Landmark Cars IPO listing date is 23 December 2022. You can know about Landmark Cars IPO GMP (Grey Market Premium) below.
Landmark Cars have given bad financial performance. The company made a profit of ₹11.15 crores in the financial year 2021 (March 2021). The IPO of Landmark Cars will be listed on NSE and BSE. Landmark Cars IPO face value is ₹5 per equity share.
We will talk about Landmark Cars' financials, benefits, and risks of investing in the company.
About Landmark Cars International Ltd
Landmark Cars Limited was established in the year 1998. The company is a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Volkswagen, Honda, Jeep, and Renault. In addition, Landmark Cars also caters to Ashok Leyland's commercial vehicle retail business in India.
The company also provides other services such as the sale of new vehicles, after-sales service and repair, the sale of second-hand passenger vehicles, and the facilitation of the sale of third-party finance and insurance products. Landmark Cars Limited vehicle dealership network is spread across 31 cities in eight states of the country namely Maharashtra, Gujarat, Uttar Pradesh, Haryana, Madhya Pradesh, Punjab, West Bengal, and Union Territories including the National Capital Territory of Delhi.
Purpose of the offer
- To prepay/repay all or a part of the dues raised by the company.
- To finance capital expenditure requirements.
- To meet general corporate objectives.
Landmark Cars IPO Date and Price Band Details
| IPO Open: | 13 December 2022 |
| IPO Close: | 15 December 2022 |
| Listing Date: | 23 December 2022 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹552 crores |
| Fresh Issue: | Approx ₹150 crores |
| Offer For Sale: | Approx ₹402crores |
| Price Band: | ₹481 to ₹506 per share |
| Face Value: | ₹5 per Equity share |
| QIB Portion: | 50% |
| Retail Portion: | 35% |
| NII Portion: | 15% |
| Employee Res: | Not Disclosed |
Landmark Cars IPO Lot Size Details
| Minimum Lot: | 01 |
| Minimum Lot Size: | 29 Shares |
| Minimum Amount: | ₹14,674 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 377 Shares |
| Maximum Amount: | ₹190,762 |
Landmark Cars IPO Open, Close, Allotment, and Listing Date
| Ipo Opening Date: | 13 December 2022 |
| IPO Closing Date: | 15 December 2022 |
| Basis of Allotment: | 20 December 2022 |
| Refund Date: | 21 December 2022 |
| Credit to Demat Account: | 22 December 2022 |
| Listing Date: | 23 December 2022 |
Landmark Cars IPO Review
| Happiest Post | Avoid |
| Anand Rathi | Not Rated yet |
| Dilip Davda | May Apply |
| Axis Capital | Not Rated yet |
| HDFC Securities | Not Rated yet |
| ICICI Direct | Not Rated yet |
| Kotak Securities | Not Rated yet |
| Reliance Securities | Apply |
| Sharekhan | Not Rated yet |
You can also check the latest IPO subscription status and IPO allotment status of Landmark Cars IPO on our website.
Landmark Cars Ipo Rating
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- Landmark Cars Limited has emerged as a leading automotive dealership company in the country with a significant focus on high-growth categories for leading OEMs.
- Landmark Cars also caters to Ashok Leyland's commercial vehicle retail business in India.
- Landmark Cars have expanded the network to include around 112 outlets across 8 Indian states by September 2021.
- The company has an omnibus business model that captures the entire customer value chain.
- Landmark Cars Limited provides services such as the sale of new vehicles, after-sales service, and repair, including the sale of spare parts, and accessories, the sale of pre-owned passenger vehicles, and the facilitation of the sale of third-party finance and insurance products.
Risks
- The biggest negative point of the company is that the company's revenue has been falling rapidly for the last several years.
- There are already many companies in this field, from which the company has to face tough competition.
- This company was at a loss in FY 2020 and 2019 and it may be in the future as well.
- There is a high dependence on states like Gujarat and Maharashtra i.e. those states hold a major part of their corporate operations.
- The priority of the government is moving towards EVs (Electric Vehicles) which can have an impact on the company's revenue.
Landmark Cars Ltd Financials
Landmark Cars Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| Mar 2019 | ₹1008.03 | ₹2834.62 | (₹24.43) |
| Mar 2020 | ₹831.77 | ₹2228.93 | (₹28.94) |
| Mar 2021 | ₹887.9 | ₹1966.34 | ₹11.15 |
| Sep 2021 | ₹998.69 | ₹1419.79 | ₹27.95 |
Promoters
- Sanjay Karsandas Thakker
Contact Details of Landmark Cars
Landmark House, Opp. AEC,
S.G. Highway, Thaltej,
Near Gurudwara, Ahmedabad
380 059, Gujarat, India
Telephone: 91 79 6618 5555
E-mail: companysecretary@landmarkindia.net
Website: www.grouplandmark.in
Landmark Cars Lead Managers
- Axis Capital Limited
- ICICI Securities Limited
Landmark Cars IPO Registrars
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli (West)
Mumbai 400 083, Maharashtra
Telephone: +91 22 4918 6200
Email: landmark.ipo@linkintime.co.in
Website: www.linkintime.co.in
Conclusion
There are some good and some bad things in the company. Looking at the financial position of the company, the track record has been bad. In the financial year 2021, the company had a profit of Rs 11.15 crore. Although, the company's revenue has been decreasing for the last several years. Our suggestion will be updated when the Landmark Cars Limited IPO starts. Landmark Cars Limited IPO financial details and other information are given above.
Landmark Cars IPO FAQs
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