Landmark Cars IPO will open for subscription from 13 December 2022. the company aims for an issue size of ₹552.00 Cr through this IPO.
Landmark Cars Limited
The company is a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen, and Renault. The company also caters to the commercial vehicle retail business of Ashok Leyland in India. It 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, comprising 61 sales showrooms and outlets and 51 after-sales services and spare outlets, as of September 30, 2021. It operates as an authorized service center 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.
Basic details about the company
| Full name | Landmark Cars Limited |
| Sector | Trading |
| Industry | Trading |
| Company Website | https://www.grouplandmark.in/ |
The objective of the Issue
- Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company and Subsidiaries.
- General corporate purposes.
Major Competitive strengths
- have a network of 112 outlets in 8 Indian states.
- Experienced management team.
- Brand name and trust.
IPO Timetable
| IPO Opening date | 13 December 2022 |
| IPO Closing | 15 December 2022 |
| Basis of Allotment | 20 December 2022 |
| Initiation Refund | 21 December 2022 |
| Credit to Demat Account | 22 December 2022 |
| Listing Date | 23 December 2022 |
IPO details
| Issue type | Book Building |
| IPO issue size | ₹552.00 Cr – 10,909,091 shares |
| Fresh Issue | ₹150.00 Cr – 2,964,427 shares |
| Offer for sale | ₹402.00 Cr – 7,944,664 shares |
| Face value | ₹05 per equity share |
| Price band | ₹481 to ₹506 per share |
| Lot size | 29 Shares |
| Retail Allocation | 35% |
| Employee Discount | ₹48 |
| Listing Exchange | BSE & NSE |
Landmark Cars IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 29 | ₹14,674 |
| Retail (Max) | 13 | 377 | ₹190,762 |
| S-HNI (Min) | 14 | 406 | ₹205,436 |
| B-HNI (Min) | 69 | 2,001 | ₹1,012,506 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Landmark Cars Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | 2,228.93 | 1,966.34 | 2,989.12 |
| Expenses | 2,253.58 | 1,946.56 | 2,906.84 |
| Net income | (28.94) | 11.15 | 66.18 |
| Margin (%) | (1.30) | 0.57 | 2.21 |
Landmark Cars Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | (7.84) | 3.09 | 17.88 |
| PE ratio | – | – | 26.90 – 28.30 |
| RONW (%) | (16.99) | 6.23 | 26.52 |
| NAV | 46.17 | 49.62 | 67.42 |
| ROCE (%) | 1.07 | 8.59 | 18.86 |
| EBITDA (%) | 3.73 | 6.11 | 6.27 |
| Debt/Equity | 2.12 | 1.80 | 1.25 |
Company Promoters
- Sanjay Karsandas Thakker
Abans Holdings IPO Promoter Holding
| Pre Issue Share Holding | 60.24% |
| Post Issue Share Holding | 44.61% |
Lead Manager(s)
- Axis Capital Limited
- ICICI Securities Limited
Landmark Cars Offer Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 22 4918 6200
Email: landmark.ipo@linkintime.co.in
Website: www.linkintime.co.in
Landmark Cars Contact Details
LANDMARK CARS LIMITED
Unit No. 201 to 203, Landmark, 2nd Floor,
G. M. Bhosale Marg, Worli,
Mumbai 400 018, Maharashtra, India
Phone: +91 22 6271 9040
E-mail: companysecretary@landmarkindia.net
Website: www.grouplandmark.in
Landmark Cars IPO Allotment Status
Landmark Cars IPO allotment will be available on Link Intime’s website. Click on this link to get allotment status.
Final thoughts
Landmark Cars IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
