Landmark Cars IPO: The initial public offering (IPO) of the automaker, which has dealerships of Mercedes-Benz, Honda, Jeep, Volkswagen, Renault, etc., will open on December 13, 2022 and will remain open to bidders until December 15, 2022. Landmark Cars Limited has a fixed price range in its public offering €481 to €506 a piece and it aims to raise €552 crore from this IPO.
Ahead of the Landmark Cars IPO opening date, the gray market is also giving positive signals regarding the public offering. According to market observers, shares in Landmark Cars are available at a premium of EUR 10.00 €53 per common share.
Here we list Landmark Cars key IPO details in 10 points:
1]Landmark Cars IPO GMP: Shares in the car dealer are available at a premium of €53 in the gray market today, say market watchers.
2]Landmark Cars IPO price range: The public issue is offered at a price range of €481 to €506 per share.
3]Landmark Cars IPO Date: The public offering will open on December 13, 2022 and will remain open until December 15, 2022.
4]Landmark Cars IPO Size: The dealership wants to increase €552 crore out of its public offering €150 crore is expected for new issues, while the rest €402 crore is reserved through the Offer to Sell (OFS) route.
5]Landmark Cars IPO lot size: A bidder may apply for the IPO in lots, and one lot will be 29 shares of the company.
6]Landmark Cars IPO Application Limit: A subscriber can apply for at least one lot, while a retail investor can apply for a maximum of 13 lots.
7]Landmark Cars IPO Grant Date: The preliminary share allocation date is December 20, 2022.
8]Landmark Cars IPO Registrar: Link Intime India Private Ltd has been appointed Official Registrar of Public Issue.
9]Landmark Cars IPO Listing: The public offering is proposed for listing on the BSE and NSE and the most likely date for the shares to be listed is December 23, 2022.
10]Landmark Cars IPO Review: Axis Capital’s report highlights the company’s fundamentals: “As of June 30, 2022, Landmark has a network of 112 retail outlets across 8 Indian states and union territories, including 59 retail showrooms and outlets and 53 customer service outlets. The company’s vehicle dealer network spans 32 cities in 8 states and union territories including Maharashtra, Uttar Pradesh, Gujarat, Haryana, Madhya Pradesh, Punjab, West Bengal and the National Capital Territory of Delhi.”
Disclaimer: The views and recommendations made above are those of individual analysts or brokerage firms and not Mint. We advise investors to consult certified professionals before making any investment decisions.
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