Landmark Cars Limited has come up with an initial public offer (IPO). It will open on December 13-15 at Rs.481-506 a share. The IPO issue size is around Rs.552.00 crores. The minimum bid will be for 29 shares and in its multiples thereafter.
Landmark Cars Limited was incorporated in the year 1998. It is a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault. Also, it has a commercial vehicle dealership with Ashok Leyland in India. The company has a presence across the automotive retail value chain, including sales of new vehicles, after-sales service and repairs, sales of pre-owned passenger vehicles and facilitation of the sales of third-party financial and insurance products.
Landmark Ltd started its operations and opened its first dealership for Honda in CY1998, It has expanded its network to 112 outlets in 8 Indian states and union territories, comprised of 59 sales showrooms and outlets and 53 after-sales services and spares outlets. Moreover, it is focused on the premium and luxury automotive segments. It is the number one dealer in India for Mercedes in terms of retail sales for Honda and Jeep in terms of wholesale sales.
The company’s vehicle dealership network is spread across 32 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. These states and union territories constituted approximately 51% of Indian vehicle demand in Fiscal 2022.
Website – https://www.grouplandmark.in/
|Sanjay Karsandas Thakker – 41.38%||Promoter Group – 18.86%|
|Pre-Issue Shareholding – 60.24%||Post-Issue Shareholding – 44.61%|
Strength & Weakness
|Leading automotive dealership for major OEMs||Concentrated in the states of Gujarat and Maharashtra|
|Strong focus on high-growth segments||Subject to various governmental laws and regulations|
|Growing presence in the after-sales segment||Subject to the significant influence of OEMs|
|Comprehensive business model||Sensitive automotive retail industry|
|Technological innovation and digitalization||Increasing competition among automotive dealerships|
|Profitable and improving balance sheet||Dependent upon financial stability of the OEMs|
|Experienced Promoter and professional management team||Success depends upon management team|
|Focusing on high-growth segments and brands||Outstanding legal proceedings toward Company|
Objects of Issue
1) The proceeds of the Offer for Sale shall be received by the Selling Shareholders
2) Pre-payment, in full or in part, of borrowings availed by our Subsidiaries
3) General corporate purposes
Landmark Cars IPO Lot Size
Landmark Cars IPO Details
|IPO Opening Date||December 13, 2022|
|IPO Closing Date||December 15, 2022|
|Face Value||Rs.5 per Equity Share|
|IPO Price||Rs.481-506 per share|
|Market Lot||29 shares|
|Minimum Order Quantity||29 shares|
|Listing At||NSE, BSE|
|No. of shares offered (Fresh Issue)||29,64,427 shares|
|No. of shares offered (OFS)||79,44,664 shares|
|Issue Size||Up to Rs.552.00 Crore|
|QIB Shares Offered||50% of the offer|
|Retail Shares Offered||35% of the offer|
|NII/HNI Shares Offered||15% of the offer|
Landmark Cars IPO Timetable
|IPO Date||December 13-15, 2022|
|Allotment Date||December 20, 2022|
|Initiation of Refunds||December 21, 2022|
|Credit of share to Demat a/c||December 22, 2022|
|IPO Listing Date||December 23, 2022|
Landmark Cars IPO GMP
|The current GMP is around Rs.30|
Link Intime – https://linkintime.co.in/
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