Landmark Cars Limited IPO Detail
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.
Company PromotersSanjay Karsandas Thakker
|IPO Opening Date||Dec 13, 2022|
|IPO Closing Date||Dec 15, 2022|
|Issue Type||Book Built Issue IPO|
|Face Value||₹5 per equity share|
|IPO Price||₹481 - 506 per equity share|
|Market Lot||29 Shares|
|Min Order Quantity||29 Shares|
|Listing At||BSE, NSE|
|Issue Size||₹552.00 Cr|
|Fresh Issue||₹150.00 Cr|
|Offer for Sale||₹402.00 Cr|
IPO Subscription (Bidding Detail)
IPO Tentative Timetable
The Landmark Cars Limited IPO open date is Dec 13, 2022, and the close date is Dec 15, 2022. The issue may list on Dec 23, 2022.
|IPO Open Date||Dec 13, 2022|
|IPO Close Date||Dec 15, 2022|
|Basis of Allotment Date||Dec 20, 2022|
|Initiation of Refunds||Dec 21, 2022|
|Credit of Shares to Demat Account||Dec 22, 2022|
|IPO Listing Date||Dec 23, 2022|
IPO Lot Size
The Landmark Cars Limited IPO market lot size is 29 shares. A retail-individual investor can apply for up to 13 lots (377 shares or ₹190762).
IPO Promoter Holding
|Pre Issue Share Holding||60.24%|
|Post Issue Share Holding||44.61%|
For the year/period ended (₹ in Crore)
|Financial Year||Total Assets||Total Revenue||Profit After Tax|
Objects of the Issue:
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.
Landmark Cars Limited IPO Registrar:
Link Intime India Private Ltd
Landmark Cars Limited IPO Lead Manager(s):
Axis Capital Limited ICICI Securities Limited
Company Contact Information:
Landmark Cars Limited
Landmark House, Opp. AEC, S.G. Highway, Thaltej, Near Gurudwara