Landmark Cars IPO

Landmark Cars IPO

Company Profile

Landmark Cars is a leading premium automotive retail company in India. The company holds a dealership for Mercedes-Benz, Honda, Jeep, Volkswagen, and Renault. The company also caters to the business of Ashok Leyland in India. 

It has a robust presence across the automotive retail value chain, including sales of new vehicles, after-sales service, sales of pre-owned passenger vehicles, and repairs and insurance products.

This company has a network base across 31 cities in eight states and even union territories, including Maharashtra, Uttar Pradesh, Gujarat, Haryana, Madhya Pradesh, Punjab, West Bengal, and the National Capital Territory of Delhi. It also includes 61 sales showrooms and outlets and 51 after-sales services and spare outlets around the country.
Business Information

The company in India is targeting notional revenue of more than Rs 7,000 crore in FY24, which would translate into a profit of Rs 150-170 crore, according to the experts. 

In the six months ended September 30, 2021, and Fiscal year 2021, 2020, and 2019, Landmark Cars’ total income were ₹14,197.93 million, ₹19,663.43 million, ₹22,289.33 million and ₹28,346.16 million, respectively. As the company also holds a strong presence in the online network space with the website named Group Landmark, it will help the business to reach the audiences at large.
Facts about the Company
  • The company had a notional revenue of Rs 3,400 crore in FY22, growing 73% year-on-year, and a profit of Rs 66 crore, according to the company’s annual report for FY22
  • The company highly values employees equality such as equal employment, growth, leadership, and empowerment opportunities to all that encourage creativity and innovation by bringing employees’ ideas to life
  • Along with dealing in cars and sales, the company also deals in the range of trending car accessories merchandise such as Watches, sunglasses, coat pins, caps, mighty sippers, bags, trailhawk jackets, hand bands, key wallets, etc. 
Points to note before investing in the IPO

  • The IPO of Landmark Cars will be open for subscription till December 15, 2022
  • The premium market in India, in terms of sale volume, is expected to grow at a CAGR of 8 to 10% from approximately 2.7 million units in Fiscal 2021 to approximately 4.2 million units in Fiscal 2026, so it is good to invest in this IPO, as per the sources
  • The company provides services and spare parts, and it also enjoys the retail segment’s premium automotive dealership
  • The issue is priced at ₹481 to ₹506 per share. The minimum order quantity is 29 Shares
Objective of the IPO
The Landmark Cars IPO share sale will be used in clearing the debts and for general corporate purposes.
Opening Date
Dec 13, 2022
Closing Date
Dec 15, 2022
Issue type
Book Built Issue IPO
Face Value
₹5 per share
IPO Price
₹481  to ₹506 per share
Lot Size
Issue Size
₹552 Cr
Listing At
Allotment, Listing & Refund Details

Finalization of Basis of Allotment
Dec 20, 2022
Initiation of Refunds
Dec 21, 2022
Credit of Equity Shares
Dec 22, 2022
Listing Date
Dec 23, 2022
To apply from 5paisa Website:  Apply IPO
To apply from 5paisa Mobile App: Apply IPO
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