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Landmark Cars Limited
Issue Size (Net)
up to Rs.552.00 Cr
Price
Rs.481 to Rs.506
Issue Opens
13-Dec-22
Issue Closes
15-Dec-22

Company Highlights

1.Company Information

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.

2. Objective of the Issue

The Company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects
1.  Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company and Subsidiaries.
2.  General corporate purposes.

3.Landmark Cars IPO Registrar

  Link Intime India Private Ltd
  Phone: +91-22-4918 6270
  Email: landmark.ipo@linkintime.co.in
  Website: https://linkintime.co.in/

Landmark Cars Limited Financial Information (Restated)

Period Ended
Total Assets
Total Revenue
Profit After Tax
Net Worth
Total Borrowing
31-Mar-19
1008.03
2834.62
-24.43
187.96
478.78
31-Mar-20
831.77
2228.93
-28.94
169.12
357.91
31-Mar-21
887.9
1966.34
11.15
181.78
327.44
31-Mar-22
1085.38
2989.12
66.18
246.94
308.49
Amount in Rs. Crore

Landmark Cars IPO Details

Issue Opening Date
13-Dec-22
Issue Closing Date
15-Dec-22
Face Value
Rs.5 per share
Price
Rs.481 to Rs.506 per share
Lot Size
29 Shares
Issue Size
10,909,091 shares of Rs.5(aggregating up to Rs.552.00 Cr)
Fresh Issue
2,964,427 shares of Rs.5 (aggregating up to Rs.150.00 Cr)
Offer for Sale
7,944,664 shares of Rs.5 (aggregating up to Rs.402.00 Cr)
Employee Discount
48
Issue Type
Book Built Issue IPO
Listing At
BSE, NSE
QIB Shares Offered
Not more than 50% of the Net Offer
NII (HNI) Shares Offered
Not less than 15% of the Net Offer
Retail Shares Offered
Not less than 35% of the Net Offer
Company Promoters
Sanjay Karsandas Thakker is the company promoter.

IPO Tentative Timetable

Opening Date
13-Dec-22
Closing Date
15-Dec-22
Basis of Allotment
20-Dec-22
Initiation of Refunds
21-Dec-22
Credit of Shares to Demat
22-Dec-22
Listing Date
23-Dec-22

Prospectus

Prospectus File

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