Landmark Cars IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP

The car dealership player Landmark Cars Limited is setting the floor to launch its Rs. 552 crore IPO.

The IPO will be a composition comprising of a Fresh Issue and an Offer for Sale where the proceeds of the Offer for Sale will be entitled to the selling shareholders and the proceeds of the fresh issue will be utilized towards repayment of borrowings availed by the company.

In this article, you will find all the information on the Landmark Cars IPO.

The article covers topics including the background of Landmark Cars, its operations, products and services, its diversification, IPO, grey market premium, allotment status, subscription status, pricing of the shares, offerings to the public, Landmark Cars IPO Review and all other aspects of interest for the investors.

Landmark Cars IPO Overview

Landmark Cars is a leading automotive dealer having a vast region where its services are spread. It deals in products of some of the substantial OEMs and strives to emphasize on high growth segments.

Landmark Cars IPO encompasses a fresh issue of equity shares aggregating to Rs. 150 crore and an Offer for Sale of up to Rs 402 crore and the complete IPO will be of Rs. 552 crore.

Landmark Cars IPO Important Dates

Landmark Cars recently filed the preliminary papers in January 2022 with SEBI as a prerequisite of launching an IPO.

Landmark Cars IPO Dates will be declared by the company after obtaining the approval from the regulatory authority.

The IPO is mandatorily required to be processed as per the regulations and laws made in regards and in confirmation with the regulatory body formed for the same purpose.

IPO Dates have their immense significance on the success of an IPO, therefore companies put due emphasizes on all the affecting factors while arriving at a date.

Landmark Cars IPO Price, Size, Share Offerings

Landmark Cars IPO Size encompasses a fresh issue of equity shares aggregating to Rs. 150 crores and an Offer for Sale of up to Rs 402 crore and the complete IPO will be Rs. 552 crores.

IPO of up to equity shares of the face value of Rs 5 each. Landmark Cars IPO Price of the shares offered will be determined by the company in consultation with the Book Running Lead Managers (BRLM).

Landmark Cars IPO Grey Market Premium

The Grey Market is the unregulated market where the trading in shares takes place.

It is an unofficial market and the trading also is not done by undertaking a valid contract, but with a small slip of paper which works as the contract between the buyer and seller.

Landmark Cars IPO GMP will be available after the IPO date is declared by the company. The listing price usually falls nearby or as per the estimates of GMP.

Landmark Cars IPO Subscription Status

Landmark Cars IPO Subscription is not available right now since the IPO is not live.

We can expect the date soon after the IPO is approved by SEBI and the company receives the observation letter for the same.

Also, in case SEBI lays down any alteration or clarification in regard to the DRHP, the company will be required to process the same within the stipulated time.

The Lead Managers of the issue are:

• Axis Capital Limited
• ICICI Securities Limited

The details in respect of the price band and subscription will be made available in a short time.

Landmark Cars IPO Allotment Status

The allotment is the step where the shares are credited in the account of the successful bidders. The basis of Landmark Cars IPO Allotment is not determined yet.

The registrar of Landmark Cars IPO is Link Intime India Private Limited.

The Lead Managers of the issue are:

1. Axis Capital Limited
2. ICICI Securities Limited

Landmark Cars IPO Live Performance

Investors will be able to observe the Landmark Cars IPO Performance from the link given below. From here you can check the Landmark Cars IPO Price easily.

Subscribe to Landmark Cars IPO – Open Free Demat Account Now!

Landmark Cars – Company Review

Landmark Cars was originally incorporated as Landmark Insurance Broking Private Limited. The company started its operations in the year 2006 and the registered office of the company is in Ahmedabad.

It was in the year 2009, when the company changed its name to Landmark Cars Private Limited. The company majorly focus on premium and luxury automotive segments.

The company was the winner of After Sales Excellence Award which was awarded on Feb 2021.

Landmark Cars embarked its journey of prominence in 1998 and instituted the first dealership for Honda and ever since it has been only expanding its reach and now it has an enormous network of 112 outlets located in 8 Indian states.

The company offers its seamless services and offerings through a channel of 60 sales showrooms and not just that, it also has over 50 after-sales service and spares outlets.

Products or Services

Landmark Cars facilitates dealerships for Volkswagen, Mercedes-Benz, Jeep, Honda and Renault. Their offerings also extends to commercial vehicle dealings of Ashok Leyland in India.

The premium automotive retail business operates from its sales showrooms and after sales service outlet located in different locations. It started with few resources and with a single dealership and now is serving the big budgeted entities.

They have set their foot firmly across the automotive retail value chain where they apart from effecting sales of new vehicles also offers elaborative after-sales service and repairs.

Along with the sale of new vehicles, Landmark Cars also deals in used vehicle sales, sale of products like spare parts, lubricants and accessories, and offering third-party financial and insurance products.

Promoters and Holding

The Promoter of Landmark Cars is Sanjay Karsandas Thakker.

The management of the company comprises of:

1. Sanjay Karsandas Thakker holds the position of Chairman and Executive Director
2. Aryaman Sanjay Thakker holds the position of Executive Director
3. Paras Somani holds the position of Executive Whole-Time Director
4. Akshay Tanna holds the position of Nominee Director of TPG Growth
5. Garima Misra holds the position of Managing Director
6. Surendra Kumar Agarwal holds the position of Chief Financial Officer

Is Landmark Cars good for Investment?

The new and used vehicle dealer Landmark Cars is one of the leading entities engaged in the premium automotive retail business in India.

The company has dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault. The company is backed by TPG. The said entity will be offloading some of their stakes in the Offer for Sale.

Diversifying the portfolio, the company recently entered into a partnership with global EV giant BYD in order to effect MP6 Electric Vehicle sale.

Adding more to the glory, in the previous year, Landmark cars sold about 1133 vehicles for Mercedes and over 4000 Renault and Honda vehicles. In aggregate, the company made revenue from the sale of 1.3 lakh cars till now.

Landmark Cars Financial Statements

Landmark Cars IPO Review

Landmark Cars, a prominent and leading name in the automobile dealing business has filed DRHP and is gearing up to garner funds of Rs 552 crores from the public.

Right now, Maruti Suzuki dealer Competent Automobiles is the only entity listed on the stock exchange operating in the same horizon as Landmark Cars.

And with the proposed IPO, Landmark Cars will become the second. The situation will give leverage to the entity as an early entrant. The company will gain the advantage of listing.

The object of the issue is to repay the debts of the company and to effect the sale of shares from the selling shareholders. Through the IPO TPG GROWTH II SF PTE. LTD. will also be selling the shares and lowering their stakes.

The company employs 3000 people and is continually enlarging its areas. The company is prosperous and is growing a good pace.

Landmark Cars IPO Details

Here are few more details you need to know before investing in Landmark Cars IPO –

Landmark Cars IPO Issue Object

Landmark Cars has proposed diverse objectives for making the IPO offer and some of the objectives are:

• Repayment/pre-payment, in full or in part, of certain borrowings availed by our Company and Subsidiaries; and
• General corporate purposes.

Landmark Cars IPO – Basis of Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

• Leading automotive dealership for major OEMs with a strong focus on high growth segments;
•  Growing presence in after-sales segment leading predictable growth in revenues and superior margins;
• Comprehensive business model capturing entire customer value-chain; and
•  Robust business processes leveraging technological innovation and digitalization.

Quantitative factors are:

Landmark Cars IPO Lead Managers

Here are the list of Lead managers –

• Axis Capital Limited
• ICICI Securities Limited

Landmark Cars IPO Registrar to offer

Check out the details of registrar here –

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
Email: 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

Landmark Cars IPO – Other Details

• Statutory Auditor – Deloitte Haskins & Sells
• Legal Counsel to the Company – Khaitan & Co
• Bankers to the Company – Axis Bank Ltd, HDFC Bank Ltd and Kotak Mahindra Bank Ltd

Landmark Cars IPO – Conclusion

The Landmark Cars was founded by Sanjay Thakker in 1997.

The prospective risks associated in the IPO and investment can be the contingency of dealership continuation and the aggressive competition which is increasing with the emergence of new technologies.

Therefore, investors should take into consideration all these factors and thereafter arrive at a rational decision.

To Subscribe to Landmark Cars IPO – Open Demat Account Now!

Landmark Cars IPO Review FAQs

Check out the FAQs on Landmark Cars IPO –

What is the Issue Size of Landmark Cars IPO?

The Company is making an initial public offer of 10,909,091 equity shares. They vividly portray the aspects of the issue in this article.

You can check the stats on the fresh issue, Offer for sale, and net issue.

What is the Price band of Landmark Cars IPO?

The price band for this particular IPO ranges between Rs 481 to Rs 506. As far as the face value of the share is of concern, it is Rs.5 per share.

What is the Landmark Cars IPO Open Date?

The opening and closing dates for this IPO have been updated. The IPO is set to open on Dec 13, 2022, while the closing date is set at Dec 15, 2022.

What is the Landmark Cars IPO Allotment Date?

They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Dec 20, 2022, refund initiation is on Dec 21, 2022, credit of shares is on Dec 22, 2022, and share listing date is on Dec 23, 2022.

What is the Landmark Cars IPO Listing Date?

Shares of this company shall be listed in the exchanges Dec 23, 2022. The date, when the listing would be done, is stagnant on Dec 23, 2022.

Who is the Registrar of Landmark Cars IPO?

One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.

Who is the Promoter of Landmark Cars IPO?

Here are the promoters of this IPO – SANJAY KARSANDAS THAKKER. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

What is the GMP of Landmark Cars IPO?

They have obtained the GMP of this IPO and it is Rs Disc Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

Is Landmark Cars IPO good for Investment?

They have further provided the financial status of the company in this article, from the past few years.

You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

What is the PAT of Landmark Cars Company?

They have the information of company financials, and according to that, they have the figures from the last few years to provide.

PAT for the financial year 2021 in Million is 111.48, 2020 is (289.39), 2019 is (244.28). PAT from Sept 2021 is 279.47.

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