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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Landmark Cars Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹506
Per ShareLot Size
29 Shares
Minimum Investment
₹14,674
Issue Size
₹552 Cr
Face Value
₹5
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
41.38%
Issue Type
Book Building
ISIN
INE559R01029
Landmark Cars Limited is a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen, and Renault. It also has a commercial vehicle dealership for Ashok Leyland in India. The Company has a presence across the automotive retail value chain, including sales of new vehicles, after-sales service (including sales of spare parts, lubricants and accessories), sales of pre-owned passenger vehicles and facilitation of sales of third-party financial and insurance products. The Company has a network of 112 outlets in 8 Indian states and union territories, comprised of 59 sales showrooms and outlets and 53 after-sales service and spares outlets, as of June 30, 2022.
In the last 5 years, the premium vehicle segment in India has grown at a healthy 8% CAGR, expanding its contribution from 38% in Fiscal 2016 to 56% in Fiscal 2021. For a passenger vehicle dealer, revenue from new vehicle sales forms a dominant 65-75% share of total revenue. Income from the service segment is another major source of revenue for the dealer, and CRISIL Research expects the share of revenue from services to expand going forward due to the technical expertise needed to repair the latest advanced vehicles that only organised dealerships can provide.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 10,911,160* equity shares of face value of Rs. 5 each ("Equity Shares") of the company for cash at a price of Rs. 506 per equity share (including a share premium of Rs. 501 per equity share) ("Offer Price") aggregating to Rs. 552.00* crores ("Offer"). The offer comprised a fresh issue of 2,966,498* equity shares aggregating to Rs. 150.00* crores ("Fresh Issue") and an offer for sale of 7,944,662* equity shares ("Offered Shares") aggregating to Rs. 402.00* crores, comprising of 6,422,924* equity shares aggregating to Rs. 325.00* crores by TPG Growth ii SF Pte. Ltd., 197,628* equity shares aggregating to Rs. 10.00* crores by Sanjay Karsandas Thakker huf, 1,225,296* equity shares aggregating to Rs. 62.00* crores by Aastha Limited and 98,814* equity shares aggregating to Rs. 5.00* crores by Garima Misra (TPG Growth ii SF Pte. Ltd., Sanjay Karsandas Thakker huf, Aastha Limited and Garima Misra are collectively referred to as the "Selling Shareholders", and each individually, as a "Selling Shareholder" and such offer for sale of equity shares by the selling shareholders, the "Offer for Sale"). The offer included a reservation of 21,834* equity shares aggregating to Rs. 1.00* crores (constituting up to 0.06 % of the post-offer paid-up equity share capital of the company) for subscription by eligible employees (the "Employee Reservation Portion"). The company and the selling shareholders, in consultation with the brlms, offered a discount of 9.49% to eligible employees bidding in the employee reservation portion ("Employee Discount"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute 27.56% and 27.50%, respectively, of the post-offer paid-up equity share capital of the company, respectively. *Subject to finalisation of the basis of allotment. Bids can be made for a minimum of 29 equity shares and in multiples of 29 equity share thereafter.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Landmark Cars Limited was originally incorporated as "Landmark Insurance Broking Private Limited" at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated February 23, 2006, issued by the Registrar of Companies, Maharashtra at Mumbai ("RoC, Mumbai"). The name of the Company was subsequently changed to `Landmark Cars Private Limited' pursuant to a fresh certificate of incorporation granted by the RoC, Mumbai on May 6, 2009. Subsequently, the Company was converted into a public limited company under the Companies Act, 2013, pursuant to the approval accorded by its Shareholders at their extra-ordinary general meeting held on November 10, 2021. Consequently, the name of the Company was changed to "Landmark Cars Limited" and a fresh certificate of incorporation consequent upon conversion from a private limited company to a public limited company was issued to the Company by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli at Ahmedabad ("RoC") on December 3, 2021.
Wholesalers and Retailers
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.