Important Landmark Cars IPO Offering GMP, Price, Date, and Allotment

Important Landmark Cars IPO Offering GMP, Price, Date, and Allotment

• Explanation of Landmark Automobiles Initial Public Offering – The company is a frontrunner in the premium car retail industry in India, operating franchises for Mercedes-Benz, Honda, Jeep, Volkswagen, and Renault.
• In addition, they serve Ashok Leyland’s retail division in India, where the latter sells commercial vehicles.
• In addition to selling new and used cars, as well as facilitating the sale of third-party finance and insurance products, the company also sells spare parts, lubricants, and accessories.
• As of September 30, 2021, the company’s network includes 112 stores in 8 Indian states. This includes 61 sales showrooms and outlets and 51 after-sales service and spare outlet locations.
• New car sales, service, and repair, parts, lubricants, other products, used passenger vehicle sales, and distribution of third-party finance and insurance products are all part of the company’s business model, which encompasses the whole customer value chain.

Notable things about Landmark Cars Limited:

• The company began in 1998 and now has 112 locations in eight Indian states. Of these, 61 are sales locations and 51 are service and spare parts locations.
• In FY21, Landmark Cars sold 3.41 percent of Mercedes-Benz cars, 5.20 percent of Honda cars, 21.63 percent of Jeep cars, 5.95 percent of Volkswagen cars, and 4.83 percent of Renault cars.

Pros and Cons of the Brand:

Pros:

• When it comes to customer support, Landmark Automobiles is unrivaled. The services provided by each dealer include warranty repairs, insurance claim repairs, and customer-paid collision repair services. Predictable revenue growth and improved margins are the results of this expanding market share.
• Because of the efficiency and cost-cutting measures built into their business process, they can bring their plans to fruition more quickly.
• The business is growing rapidly in the premium and luxury car markets, which are seeing rapid expansion.

Cons:

• The purchased dealership companies could be harmed if they do not implement adequate controls, procedures, and policies.
• The company is vulnerable to the effects of economic and other changes affecting the auto retail sector.
• A pandemic can have a devastating impact on a company’s operations and financial situation.

How do you sign up for the Landmark Cars IPO?

Retail investors must use UPI to sign up for the IPO.

1. UPI: Connect a UPI ID to your bank account.
Sign up your UPI ID with your Demat account.
Sign up for the Landmark Cars IPO and allow the payment to be made on your UPI ID.

2. Demat Account: If you’re a new investor, you can start by opening a free DEMAT account with Angel One.

News Articles Landmark Cars IPO.

IPO tentative schedule for Landmark Cars

The IPO for Landmark Cars starts on December 13, 2022, and ends on December 15, 2022. The bid date for the Landmark Cars IPO is from December 13, 2022, at 10 a.m. to December 15, 2022, at 5 p.m. The last time to confirm a UPI Mandate is at 5 p.m. on the day the issue ends.

Money and Business

Landmark Cars IPO Details

Landmark Cars Financial Performance

Why should you put money into the IPO of Landmark Cars Limited?

• From about 2.7 million units sold in Fiscal 2021 to about 4.2 million units sold in Fiscal 2026, the premium market in India is expected to grow at a CAGR of 8 to 10%.
• Landmark Cars made a total of 14,197.93 million, 19,663.43 million, 22,289.33 million, and 28,346.16 million in the six months ending September 30, 2021, Fiscal 2021, Fiscal 2020, and Fiscal 2019.

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Landmark Cars Offer Registrar

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 22 4918 6200
Email: landmark.ipo@linkintime.co.in
Website: www.linkintime.co.in

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Landmark Cars Contact Details

LANDMARK CARS LIMITED
Unit No. 201 to 203, Landmark, 2nd Floor,
G. M. Bhosale Marg, Worli,
Mumbai 400 018, Maharashtra, India
Phone: +91 22 6271 9040
E-mail: companysecretary@landmarkindia.net
Website: www.grouplandmark.in

FAQs about the Landmark Cars Limited IPO

1. What is an IPO for Landmark Cars?

-Landmark Cars Limited has filed a DRHP to raise up to Rs.762 crore through an IPO. The issue includes a new equity share worth Rs. 150 crores and an offer sale worth up to Rs. 612 crores.

2. What is an IPO for Landmark Cars?

-Landmark Cars Limited has filed a DRHP to raise up to Rs.762 crore through an IPO. The issue includes a new equity share worth Rs. 150 crores and an offer sale worth up to Rs. 612 crores.

3. How do I sign up for the Landmark Cars Public Offer?

-Internet banking ASBA is the best way to sign up for Landmark Cars’ public offer (know all about ASBA here). You can also use UPI and your stock broker to apply online. If you’d rather fill out applications on paper, you can fill out an offline IPO form and give it to your broker.

4. What is IPO GMP for Landmark Cars today?
Landmark Cars IPO GMP is INR 32 per share as of today.

5. How much does Landmark Cars kostak cost right now?
-Today, the kostak rate for Landmark Cars is INR per application.

6. What is the current rate for Landmark Cars Subject to Sauda?
-The Sauda rate for Landmark Cars is INR 300 per application today.

7. When will people be able to sign up for the Landmark Cars IPO?
-The first day to sign up for the Landmark Cars IPO is December 13, 2022, and the last day is December 15, 2022.

8. What is the smallest amount an individual investor can buy?
-For retail investors, the minimum number of lots to invest in is 1 and the maximum number is 13.

9. When will Landmark Cars start trading on stock markets?
-After the last day to sign up, the listing process takes about ten business days to finish.