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Landmark Cars IPO
One of the biggest car dealership giants, Landmark Cars Limited has filed DRHP to raise up to Rs.762 crore via IPO. The issue consists of a fresh equity share of rs.150 crores and an offer sale of up to Rs.402 crores. Click here to Apply for Landmark Cars IPO.
Opening Date
Dec 13, 2022
Closing Date
Dec 15, 2022
Price Band
₹481 - ₹506
per equity share
Issue Size
₹552.00 Cr (1,09,09,091 shares)
Face Value
₹5
per equity share
Market Lot
29 Shares
Opening Date
Dec 13, 2022
Closing Date
Dec 15, 2022
Price Band
₹481 - ₹506
per equity share
Issue Size
₹552.00 Cr (1,09,09,091 shares)
Face Value
₹5
per equity share
Market Lot
29 Shares
Listing at NSE, BSE
Landmark Cars IPO Important Dates
| IPO Open Date | Dec 13, 2022 |
|---|---|
| IPO Close Date | Dec 15, 2022 |
| 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 |
| UPI Mandate Expiry Date | Dec 15, 2022 (5 pm IST) |
Landmark Cars IPO Subscription Status Today [Live]
At 05:48:00 PM.
This IPO has been subscribed 3.06x by 05:48 PM. on Day 3
It is a public issue of 8,041,805 equity shares.
Status of Subscription
This IPO has been subscribed 3.09x by 03:18 PM. on Day 3
It is a public issue of 8,041,805 equity shares.
Status of Subscription
This IPO has been subscribed 0.93x by 01:18 PM. on Day 3
It is a public issue of 8,041,805 equity shares.
Status of Subscription
This IPO has been subscribed 0.40x by 10:14 AM. on Day 3
It is a public issue of 8,041,805 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 8.71
- (NII) Non-institutional buyers: 1.32
- (RII) Retail Individual buyers: 0.59
- Employees: 2.93
- (QIB) Qualified institutional buyers: 8.17
- (NII) Non-institutional buyers: 1.25
- (RII) Retail Individual buyers: 0.53
- Employees: 2.62
- (QIB) Qualified institutional buyers: 0.30
- (NII) Non-institutional buyers: 2.87
- (RII) Retail Individual buyers: 0.46
- Employees: 2.47
- (QIB) Qualified institutional buyers: 0.09
- (NII) Non-institutional buyers: 0.85
- (RII) Retail Individual buyers: 0.38
- Employees: 2.22
At 05:00:00 PM.
This IPO has been subscribed 0.39x by 05:00 PM. on Day 2
It is a public issue of 8,041,805 equity shares.
Status of Subscription
This IPO has been subscribed 0.29x by 03:22 PM. on Day 2
It is a public issue of 8,041,805 equity shares.
Status of Subscription
This IPO has been subscribed 0.21x by 1:22 PM. on Day 2
It is a public issue of 8,041,805 equity shares.
Status of Subscription
This IPO has been subscribed 0.21x by 10:48 AM. on Day 2
It is a public issue of 8,041,805 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.09
- (NII) Non-institutional buyers: 0.84
- (RII) Retail Individual buyers: 0.36
- Employees: 2.18
- (QIB) Qualified institutional buyers: 0.09
- (NII) Non-institutional buyers: 0.74
- (RII) Retail Individual buyers: 0.29
- Employees: 1.82
- (QIB) Qualified institutional buyers: 0.09
- (NII) Non-institutional buyers: 0.71
- (RII) Retail Individual buyers: 0.27
- Employees: 1.62
- (QIB) Qualified institutional buyers: 0.09
- (NII) Non-institutional buyers: 0.45
- (RII) Retail Individual buyers: 0.22
- Employees: 1.62
At 5:00:00 PM.
This IPO has been subscribed 0.17x by 5:00 PM. on Day 1
It is a public issue of 8,041,805 equity shares.
Status of Subscription
This IPO has been subscribed 0.13x by 3:28 PM. on Day 1
It is a public issue of 8,041,805 equity shares.
Status of Subscription
This IPO has been subscribed 0.11x by 1:42 PM. on Day 1
It is a public issue of 8,041,805 equity shares.
Status of Subscription
This IPO has been subscribed 0.02x by 10:19 AM. on Day 1
It is a public issue of 8,041,805 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.39
- (RII) Retail Individual buyers: 0.17
- Employees: 1.20
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.27
- (RII) Retail Individual buyers: 0.13
- Employees: 0.59
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.25
- (RII) Retail Individual buyers: 0.10
- Employees: 0.40
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.00
- (RII) Retail Individual buyers: 0.02
- Employees: [.]
About Landmark Cars Limited
Landmark Cars is one of the leading dealerships of premium automotive retail business. The company holds a dealership for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault. The company also caters to the business of Ashok Leyland in India.
The brand also has other services that include 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 financial and insurance products.
This vehicle dealership company has a strong network that 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. Plus the company also holds a strong online presence with websites for Group Landmark, websites for our individual dealerships and the websites of the OEMs.
Landmark Cars Limited IPO Objectives
- The proceeds from the sale of shares through Landmark Cars IPO will be used in clearing the debts.
- A part of the fund will be used for joint ventures or acquisitions, investment in the Subsidiaries and long-term or short-term working capital requirements.
Why should you invest in the Landmark Cars Limited IPO?
- Premium market in India, in terms of sale volume, is expected to grow at a CAGR of 8 to 10% from approximately 2.7 million units in Fiscal 2021 to approximately 4.2 million units in Fiscal 2026.
- In the six months ended September 30, 2021, and Fiscal 2021, Fiscal 2020 and Fiscal 2019, Landmark Cars’ total income were ₹14,197.93 million, ₹19,663.43 million, ₹22,289.33 million and ₹28,346.16 million, respectively.
Financial Highlights
| Particulars | As of, or for the year ended March 31, | ||
|---|---|---|---|
| 2021 | 2020 | 2019 | |
| EBITDA Margin | 6.11% | 3.73% | 3.13% |
| Restated Profit/(Loss) for the period /year | 111.48 | (289.39) | (244.28) |
| Profit after tax margin (Net Profit Ratio) | 0.57% | (1.30)% | (0.86)% |
| Operating cash flows before working capital change | 1,164.40 | 805.14 | 934.81 |
| Return on Capital Employed (ROCE) | 8.59% | 1.07% | 3.19% |
| Return on Equity Ratio (ROE) | 6.11% | (17.03)% | (12.93)% |
| Net Debt / EBITDA Ratio | 2.54 | 3.90 | 4.99 |
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How to apply for Landmark Cars IPO?
Retail investors need to apply for the IPO using UPI.
UPI
- Link your bank account to a UPI ID.
- Register your UPI id with your Demat account.
- Subscribe for Landmark Cars IPO and approve the payment on your UPI ID.
Demat Account
- If you’re a new investor, Open a DEMAT Account for free with Angel One and begin your investment journey.
Landmark Cars Limited Noteworthy Highlights:
- Started in 1998, the company has now 112 outlets in eight Indian states, comprising 61 sales outlets and 51 after-sales service and spares outlets.
- In FY21, Landmark Cars have contributed 3.41%, 5.20%, 21.63%, 5.95% and 4.83% of the domestic sales of Mercedes-Benz, Honda, Jeep, Volkswagen and Renault, respectively.
The Brand’s Pros & Cons:
| Pros | Cons |
|---|---|
| Landmark Cars have a stronghold in after-sales services. Each of the dealers has pair and collision repair services and includes warranty work, insurance claim work and customer-paid services. This growing presence in this segment is leading to a predictable growth in revenues and superior margins. | Any lack of proper implementation of controls, procedures and policies at the acquired dealership companies may affect the business. |
| Due to their robust business process, there is a reduction in costs and an increase in efficiency, thus ensuring faster operationalization. | Any change in economic conditions and other factors in the automotive retail industry can have an adverse effect on the business. |
| The company is continuously expanding in the high-growth segments of premium and luxury passenger vehicles. | Any pandemic can have a material adverse effect on the business, resulting in operations and financial conditions. |
Competitive Analysis: Market Peers
| Name | INCORPORATION YEAR | STATE | PAID UP CAPITAL |
|---|---|---|---|
| Shivam Autozone Private Limited | 2011 | Maharashtra | 18.00 cr |
| Bakeri Projects Private Limited | 2015 | Gujarat | 17.83 cr |
| Hardrock Attachments Private Limited | 2008 | Jharkhand | 17.65 cr |
| Blubird Auto Trade Private Limited | 2019 | Maharashtra | 17.01 cr |
| Zenica Auto Services Private Limited | 2009 | Haryana | 16.79 cr |
| Windals Auto Private Limited | 1990 | Maharashtra | 19.79 cr |
| OSL Exclusive Private Limited | 2008 | Orissa | 20.00 cr |
| Jubilant Performance Cars Private Limited | 2015 | Uttar Pradesh | 20.01 cr |
Landmark Cars Limited IPO FAQs
What is Landmark Cars IPO?
Landmark Cars Limited has filed DRHP to raise up to Rs.762 crore via IPO. The issue consists of a fresh equity share of rs.150 crores and an offer sale of up to Rs.612 crores.
When will the Landmark Cars IPO allotment be available?
The allotment of shares would be finalized by Dec 20, 2022 and the credit will reflect in your Demat account by Dec 22, 2022.
What will be the Landmark Cars IPO lot size?
The lot size would be 29 shares.
When will Landmark Cars IPO open for subscription?
The Landmark Cars IPO subscription opens on Dec 13, 2022 and closes on Dec 15, 2022.
What minimum lot size can retail investors subscribe to?
The minimum and maximum investment lots are 1 and 13 respectively for retail investors.
When will Landmark Cars list on exchanges?
It takes around ten working days from the last day of subscription to complete the listing process.
How to check the allotment status of Landmark Cars IPO?
The existing Angel One customers can check their IPO allotment status in their customer accounts.
Keep your application number, DP id, and PAN number handy while checking allotment status.
What would be the listing gains on Landmark Cars IPO?
Listing gain indicates the difference between the IPO’s opening and offer prices.
The listing gain is a result of investors’ interest, global parameters, and short and long-term outlooks.
I have finished the application process for Landmark Cars IPO, but the funds are not yet debited. What is the reason?
The bank will initially block the fund when you bid for the IPO. It will then debit the amount when shares are allotted to you or unblock the amount upon the UPI mandate expiration.
Can I alter my bid for Landmark Cars IPO after confirming its final application?
You can change the price or the lot size of your bid using the changing/revising form available with the application. But it could be a challenge to complete the process within the time given.
Can I submit more than one application for the public issue of Landmark Cars using one PAN?
No. Only one application at a time is allowed against one PAN card.
Who is the owner of Landmark Cars?
Sanjay Thakker is the founder of Landmark Cars.
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