Landmark Cars Limited IPO Details: IPO Open 13 to 15 Dec 2022, Know All About This IPO.
About The Company
The Company was originally incorporated as “Landmark Insurance Broking Private Limited” at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated February 23, 2006, issued by the Registrar of Companies, Maharashtra at Mumbai (“RoC, Mumbai”). The name of the Company was subsequently changed to ‘Landmark Cars Private Limited’ pursuant to a fresh certificate of incorporation granted by the RoC, Mumbai on May 6, 2009.
Subsequently, the Company was converted into a public limited company under the Companies Act, 2013, pursuant to the approval accorded by the Shareholders at their extra-ordinary general meeting held on November 10, 2021. Consequently, the name of the Company was changed to “Landmark Cars Limited” and a fresh certificate of incorporation consequent upon conversion from a private limited company to a public limited company was issued to the Company by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli at Ahmedabad (“RoC”) on December 3, 2021. For further details relating to the changes in the name of our Company and the registered office of the Company, see “History and Certain Corporate Matters” on page 221.
Company Business
It is a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault. It also has a commercial vehicle dealership with Ashok Leyland in India. It has a presence across the automotive retail value chain, including 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. It started its operations and opened its first dealership for Honda in CY1998, and It has expanded its network to include 112 outlets in 8 Indian states and union territories, comprising 59 sales showrooms and outlets and 53 after-sales service and spares outlets, as of June 30, 2022.
Subsidiaries
- Automark Motors Private Limited (“AMPL”)
- Landmark Automobiles Private Limited (“LAPL”)
- Landmark Commercial Vehicles Private Limited (“LCVPL”)
- Landmark Cars (East) Private Limited (“LCEPL”)
- Landmark Lifestyle Cars Private Limited (“LLCPL”)
- Benchmark Motors Private Limited (“BMPL”)
- Watermark Cars Private Limited (“WCPL”)
- MotorOne India Private Limited (formerly known as Landmark Pre-Owned Cars Private Limited)(“MOIPL”)
Founded: 2006
Company Promoters & Managing Director of the Company
Promoters: Sanjay Karsandas Thakker
Managing Director: Sanjay Karsandas Thakker
Landmark Cars Limited IPO Details
| Issue Amount | Upto Rs 552.00 Crores |
| IPO Open Date | Dec 13, 2022 to Dec 15, 2022 |
| Face Value | Rs 5 Per Share |
| Price Band | Rs 481 to 506 |
| Lot Size | 29 Shares |
| Offer for Sale | Up to [●] Equity Shares |
| Fresh Issue | Up to [●] Equity Shares |
| Offer Type | Book Built Offer |
| IPO Registrar | Link Intime India Private Limited |
Landmark Cars Limited IPO Timeline, IPO Open Date, Listing Date, Refund Date
| Event | Tentative Date |
|---|---|
| IPO Open Date | 13 December 2022 |
| IPO Close Date | 15 December 2022 |
| Time | 10 AM to 5 PM |
| Basis of Allotment Date | 20 December 2022 |
| Initiation of Refunds | 21 December 2022 |
| Credit of Shares to Demat Account | 22 December 2022 |
| IPO Listing Date (Trading Commence) NSE & BSE | 23 December 2022 |
Offer Breakup
| Category | Allocation |
|---|---|
| Qualify Institutional Bidders (QIB) | 50% |
| Non Institutional Byers (NIB) | 15% |
| Retail Individual Investor (RII) | 35% |
| Employee | – |
| Total | 100% |
Objects Of The Offer:
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
1.Prepayment, in full or in part, of borrowings availed by the Subsidiaries; and
2.General corporate purposes.
Important Financial Data:
For the year/period ended (₹ in Crores) Last Three Year
| Particulars (in ₹ Crores) As per 31 March, | 2021 | 2020 | 2019 |
|---|---|---|---|
| Total Assets | 888 | 832 | 1,008 |
| Total Revenue | 1,966 | 2,229 | 2,835 |
| Net Profit & Loss For The Period After Tax | 12 | –29 | -24 |
Prospectus Document:
Download RHP File
Download DRHP File
Know all about this IPO
Landmark Cars Limited IPO Issue Amount?
Issue Amount : Upto Rs 552 Crore.
What is Landmark Cars Limited IPO?
IPO is a main-board IPO. They are going to raise ₹ 552 Crores via IPO. The issue is priced at ₹ 481 to ₹ 506 per equity share. The IPO is to be listed on BSE & NSE.
Landmark Cars Limited IPO Open?
Tuesday, 13 December 2022 to Thursday 15 December 2022.
Landmark Cars Limited IPO Will Open?
The IPO is to open on 13 December 2022 for QIB, NII, and Retail Investors.
The Landmark Cars IPO Promoter Holding
Pre Issue Share Holding: %
Post Issue Share Holding: %
Company Address & Contact Info.
Corporate Identity Number: U50100GJ2006PLC058553;
Website: www.grouplandmark.in
Registered Office: Landmark House, Opp. AEC, S.G. Highway,
Thaltej, Near Gurudwara, Ahmedabad 380 059, Gujarat, India;
Telephone: +91 79 6618 5555;
Corporate Office: Unit No. 201 to 203, Landmark, 2nd Floor,
G. M. Bhosale Marg, Worli, Mumbai 400 018, Maharashtra, India
Contact Person: Amol Arvind Raje, Company Secretary and Compliance Officer;
Telephone: +91 22 6271 9040;
E-mail: companysecretary@landmarkindia.net
Landmark Cars Limited IPO Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park, L.B.S. Marg Vikhroli (West),
Mumbai 400 083, Maharashtra
Telephone: +91 22 4918 6200
E-mail: landmark.ipo@linkintime.co.in
Investor grievance e-mail: landmark.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI registration number: INR000004058
How to apply on Zerodha, Landmark Cars Limited IPO through Zerodha?
Zerodha customers can apply online in Tarsons Products IPO using UPI as a payment gateway. Zerodha customers can apply in Landmark Cars Limited IPO by login into Zerodha Console (back office) and Select an I.P.O application form.
Steps to apply in Landmark Cars Limited IPO through Zerodha.
1. Visit the Zerodha website or Kite App and login to Zerodha.
2. Go to Console area and click the IPOs link.
3. Go to the ‘Landmark Cars Limited IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ IPO application form.
6. After Successfully submitting application, Visit the UPI App and approve the mandate (Enter your UPI pin & pay the ipo amount)
7. IPO application is complete you can check status on zerodha console.
Click Here to Open Zerodha Account
Landmark Cars Limited Logo, Landmark Cars Logo
What is Landmark Cars IPO Expected Returns?
Landmark Cars IPO Expected Returns is 7 %.
What is Landmark Cars IPO GMP Today?
Landmark Cars IPO GMP is ₹ 31 as of today.