Landmark Cars IPO

2022 - 12 - 13

Post cover — Image courtesy of "Financial Express"

Landmark Cars IPO Day 1: High valuation prompts cautious analyst ... (Financial Express)

Landmark Cars is likely to report healthy numbers over the next couple of years led by strong growth in the premium car segment.

Over the next couple of years, the premium market segment is expected to grow at a CAGR of 10-12% while the luxury vehicle segment is also expected to grow at a CAGR of 14-16%. We believe Landmark cars limited is fairly priced and recommend a “Subscribe – Long term” rating to the IPO. Landmark is likely to report healthy numbers over the next couple of years led by strong growth in the premium car segment. The [IPO](https://www.financialexpress.com/market/ipo-news/ipos-worth-over-rs-1800-crore-to-hit-dalal-street-next-week-check-companies-dates-price-details/2907158/) is commanding a grey market premium (GMP) of Rs 20 per share. They aim to leverage their relationships with the OEMs to expand geographically to achieve economies of scale. [IPO](https://www.financialexpress.com/market/ipo-news/sula-vineyards-ipo-opens-for-public-subscription-gmp-drops-should-you-apply-no-fresh-issue-all-ofs/2909437/) opened today and was subscribed 17% at the end of Day 1 bidding.

Landmark Cars IPO subscribed 17% on Day 1; GMP drops to Rs 8 ... (Business Today)

Landmark Cars IPO, which is being sold in the price band of Rs 481-506, is asking a valuation of 28 times FY22 earnings per share. A play on premium, ...

TRENDING We recommend that investors subscribe for listing gains," it said. The issue consists of a fresh issue of equity shares aggregating to Rs 150 crore and an offer-for-sale (OFS) of up to Rs 402 crore. Landmark Cars has automotive dealership for major OEMs with strong focus on high growth segments namely premium and luxury. The IPO, which is being sold in the price band of Rs 481-506, is asking a valuation of 28 times FY22 earnings per share. Landmark Cars IPO’s retail individual investor (RII) portion was subscribed 17 per cent.

Landmark Cars IPO: 17% subscribed on Day 1; HNIs, employees ... (Livemint)

The IPO consists of fresh issues worth ₹150 crore and an offer for sale (OFS) of up to ₹402 crore. The IPO will be available from December 13 to 15th.

Landmark Cars IPO subscribed only 4% during the first two hours of ... (Economic Times)

According to BSE data, investors made bids for 2,89,565 equity shares or only 4% compared to the 80,41,805 equity shares offered for the subscription by noon on ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) "The company’s debt to equity ratio stood at 1.48x as of June 2022, post-IPO, it would become 1.03x. Brokerages remain mixed on the issue. However, the portion for qualified institutional bidders was not even off the mark. The company is selling shares in the range of Rs 481-506 apiece between December 13-15, with a lot size of 29 equity shares.

Landmark Cars IPO subscribed 17% on Day 1; 10 things to know (Moneycontrol.com)

Landmark Cars IPO | Share allotment will be finalised by December 20. Unsuccessful investors will get refunds in their bank accounts by December 21 and ...

The share allotment finalisation will be done by December 20. The company has been improving its balance sheet and maintaining profitability. Manish Balkishan Chokhani, Gautam Yogendra Trivedi, Sucheta Nilesh Shah, and Mahesh Pansukhlal Sarda are independent directors on the board. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. The offer will close on December 15. Unsuccessful investors will get refunds in their bank accounts by December 21, and the shares will be credited to the demat accounts of eligible investors by December 22. Promoter Sanjay Karsandas Thakker is the chairman and executive director and Aryaman Sanjay Thakker is the executive director on the board. Even the EBITDA margin expanded to 6.59 percent in Q1FY23, from 6.27 percent in FY22, 6.11 percent in FY21, and 3.73 percent in FY20, while return on equity was 6.71 percent in Q1FY23, 26.66 percent in FY22, 6.11 percent in FY21, and (17.03 percent) in FY20. As of FY22, Landmark Cars was the number one dealer in India for Mercedes in terms of retail sales and Honda and Jeep in terms of wholesale sales. Landmark Cars launched the public issue of Rs 552 crore shares that comprises a fresh issuance of shares worth Rs 150 crore and an offer for sale of Rs 402 crore. Half of the offer has been reserved for qualified institutional buyers, 15 percent for high networth individuals and the remaining 35 percent for retail investors. The maiden public issue of the premium and luxury car brands retailer has opened for subscription on December 13.

Landmark Cars IPO receives 17% subscription on first day of offer (Business Standard)

The initial public offer of automobile dealership chain Landmark Cars received 17 per cent subscription on the first day of offer on Tuesday.

Download the The The Initial Public Offer (IPO) has a fresh issue of up to Rs 150 crore and an offer for sale of up to Rs 402 crore aggregating up to Rs 552 crore.