Landmark Cars IPO Details: 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.612 crores.
Landmark Cars IPO Details
|IPO Opening Date||(To be announced) 2022|
|IPO Closing Date||(To be announced) 2022|
|Price Band||(To be announced) per share|
|Lot Size||(To be announced) Shares|
|Issue Size (Rs. Cr.)||[.] shares of ₹5 (aggregating up to ₹762.00 Cr)|
|Fresh Issue||[.] shares of ₹5 (aggregating up to ₹150.00 Cr)|
|Offer for Sale||[.] shares of ₹5 (aggregating up to ₹612.00 Cr)|
|Face Value||Rs. 5 per share|
|Issue Type||Book Built Issue IPO|
|Exchange Board||BSE, NSE|
|DRHP||View Landmark Cars IPO DRHP|
|QIB Shares Offered||Not more than 50% of the Net Offer|
|Retail Shares Offered||Not less than 35% of the Net Offer|
|NII (HNI) Shares Offered||Not less than 15% of the Net Offer|
|Basis of Allotment Date||(To be announced) 2022|
|Initiation of Refunds||(To be announced) 2022|
|Credit of Shares to Demat Account||(To be announced) 2022|
|Landmark Cars IPO Listing Date||(To be announced) 2022|
Landmark Cars IPO Date
On (To be announced), the Landmark Cars IPO will be completed. According to the Red Herring Prospectus, the bidding for anchor investors will begin on (To be announced)
Landmark Cars IPO Issue Size
Landmark Cars IPO issue size is (To be announced). The IPO consists of a (To be announced) crore fresh issue of shares and a (To be announced) crore offer for sale by the promoters and existing shareholders.
Landmark Cars IPO Price Band
The integrated electronics manufacturing company with IoT solutions has set a price range of (To be announced) per share for its initial public offering. The deadline for submissions is November (To be announced). Investors can bid for a minimum of (To be announced) shares and in increments of (To be announced) after that.
Landmark Cars IPO Lot Size
Landmark Cars’s initial public offering lot size is (To be announced) shares. Individual retail investors can apply for up to (To be announced) lots (To be announced).
Landmark Cars IPO Allotment Date and Listing Date
The tentative timing for the share allocation announcement is (To be announced) 2022. Landmark Cars IPO listing date is (To be announced) 2022.
About Landmark Cars Limited IPO
Landmark Cars Limited, founded in 1998, is India’s leading premium automotive retail business, with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen, and Renault. The company also serves Ashok Leyland’s commercial vehicle retail business in India.
Landmark Cars provides services such as new vehicle sales, after-sales service and repairs (including the sale of spare parts, lubricants, and accessories), pre-owned passenger vehicle sales, and the facilitation of third-party finance and insurance product sales.
As of September 30, 2021, the company’s network had grown to 112 outlets in 8 Indian states, with 61 sales showrooms and outlets and 51 after-sales services and spare outlets.
Landmark Cars Limited has 31 dealerships 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 is a Mercedes-Benz, Honda, Volkswagen, Jeep, Renault, and Ashok Leyland authorised service centre. As of September 30, 2021, Landmark Cars also provides after-sales service and repairs through 51 after-sales service and spare outlets.
The company’s business model includes retailing new vehicles, servicing and repairing vehicles, selling spare parts, lubricants, and other products, selling pre-owned passenger vehicles, and distributing third-party finance and insurance products.
Promoters of Landmark Cars IPO
The company’s promoter is Anjay Karsandas Thakker.