Landmark Cars Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 5,444,662 (50%) | — | ₹27,550 Cr |
| NII (HNI) | — | 1,633,399 (15%) | — | ₹8,265 Cr |
| Retail | — | 3,811,265 (35%) | — | ₹19,285 Cr |
| Employee | — | 21,834 (0%) | — | ₹11 Cr |
| Σ Total | — | 10,911,160 (100%) | — | ₹552,105 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 29 | ₹14,674 |
| Retail (Max) | 13 | 377 | ₹190,762 |
| S-HNI (Min) | 14 | 406 | ₹205,436 |
| B-HNI (Min) | 67 | 1,943 | ₹983,158 |
Financial Statements Amount in Crore
| Metric | 31-Mar-19 | 31-Mar-20 | 31-Mar-21 |
|---|---|---|---|
| Revenue | 2,835 | 2,229 | 1,966 |
| Profit After Tax | -24 | -29 | 11 |
| Net Worth | 188 | 169 | 182 |
| Total Assets | 1,008 | 832 | 888 |
| Total Borrowing | 479 | 358 | 327 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Pre-payment, in full or in part, of borrowings availed by the Subsidiaries – 120.00
- 2 General corporate purposes – 19.11
Company Overview
Incorporated in 1998, Landmark Cars Limited is the leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault. The company also cater to the commercial vehicle retail business of Ashok Leyland in India.
Landmark Cars offers services such as sales of new vehicles, after-sales service and repairs (including sales of spare parts, lubricants and accessories), sales of pre-owned passenger vehicles and facilitation of the sales of third-party finance and insurance products.
The company has expanded the network to include 112 outlets in 8 Indian states, comprised of 61 sales showrooms and outlets and 51 after-sales services and spare outlets, as of September 30, 2021.
Landmark Cars Limited vehicle dealership network is spread across 31 cities 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 operate as an authorized service centre for Mercedes-Benz, Honda, Volkswagen, Jeep, Renault and Ashok Leyland. Landmark Cars also provide after-sales service and repairs through 51 after-sales services and spare outlets, as of September 30, 2021.
The company's business model captures the entire customer value chain including retailing new vehicles, servicing and repairing vehicles, selling spare parts, lubricants and other products, selling pre-owned passenger vehicles and distribution of third-party finance and insurance products.