Landmark Cars Ltd. IPO

The company is a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault.

RHP
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DRHP
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Open Date

2022-12-13

Close Date

2022-12-15

IPO Details

Check out the issue details for Landmark Cars Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 506

Price Band

₹ 481 - 506

Issue Size

552 Cr.

Issue Type

Book Built

Open

2022-12-13

Close

2022-12-15

Listingprice

₹ 471

ListingGain

-6.92%

Listing Date

2022-12-23

CMP

₹ 731.65

Current Return

44.59%

Company Financials

You can get the following financial statements of Landmark Cars Ltd. as of now.

Subscription Details

The details about the Landmark Cars Ltd IPO is as:

  • The issue size of the IPO is 552 Cr.
  • The price band for Landmark Cars IPO is Rs 481 to Rs 506.
  • The latest tentative GMP of Landmark Cars IPO is in negative.
  • The shares of Landmark Cars IPO will list on 23rd December 2022.
  • The shares of Landmark Cars IPO is subscribed 3.06 Times as of 15th December 2022.

Landmark Cars Ltd IPO Valuation

The approx valuation of Landmark Cars Ltd IPO based on its price band and RHP/DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 506
Existing Shares (Qty) 3.66 Cr
Fresh Issue (Amount) 150 Cr
Market Cap 2002 Cr
EPS  Rs 17.88
PE Ratio 28.29x

 

Landmark Cars Ltd IPO Issue Size

Landmark Cars Ltd IPO issue size is 552 Cr.

Issue Amount
Fresh Issue 150 Cr
Offer For Sale 402 Cr

 

Landmark Cars IPO Market Lot

An Individual can apply for a minimum 1 lot of 29 shares and a maximum of 13 lots of 377 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 29 Rs 14,674
 Maximum 13 377 Rs 1,90,762

 

Landmark Cars IPO Offer

The shares of Landmark Cars IPO is subscribed 3.06 Times as of 15th December 2022. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 8.71 Times
Non-Institutional Minimum 15% 1.32 Times
Retail Individual Minimum 35% 0.59 Times
Employee   2.93 Times
Total   3.06 Times

 

Landmark Cars IPO Grey Market Premium

As on GMP (Tentative)
9 December 2022 Rs 50
10 December 2022 Rs 50
11 December 2022 Rs 50
12 December 2022 Rs 20
13 December 2022 Rs 20
14 December 2022 Rs 50

Landmark Cars IPO GMP is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Find below the dates for Landmark Cars Ltd IPO:

Schedule Date
Basis of Allotment 20 December 2022
Refunds 21 December 2022
Credit to Demat Account 22 December 2022
IPO Listing Date 23 December 2022

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 764.93 658.46 560.53 681.02 484
Total Expenditure 742.09 639.32 522.26 614.79 387.85
Operating Profit 22.84 19.14 38.27 66.23 96.15
Other Income 4.43 7.22 8.26 8.66 11.36
Interest 11.3 10.75 10.86 6.11 8.74
Depreciation 8.58 15.53 16.02 22.21 30.31
Exceptional Items 0 0 0 0 -0.65
Profit Before Tax 7.39 0.08 19.64 46.59 67.81
Provision for Tax 2.39 0.26 4.83 11.59 17.09
Net Profit 5 -0.18 14.81 34.99 50.72
Adjusted EPS (Rs.) 0.14 0 0.4 0.96 1.28

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 18.31 18.31 18.31 18.31 19.81
Total Reserves 217.2 216.94 233 267.51 455.97
Borrowings 0 7.33 6.06 7.76 5.85
Other N/C liabilities 7.79 21.36 15.53 48.51 58.21
Current liabilities 218.85 224.08 194.96 197.62 193.7
Total Liabilities 462.16 488.02 467.86 539.71 733.53
Assets
Net Block 69.22 85.23 70.75 167.28 181.96
Capital WIP 0 0 0 1.86 0.17
Intangible WIP 0 0 0 0 0
Investments 141.61 154.83 177.23 183.19 202.88
Loans & Advances 52.18 19.87 29.34 5.58 5.17
Other N/C Assets 0.03 0.02 0 0.01 0.25
Current Assets 199.12 228.07 190.55 181.79 343.1
Total Assets 462.16 488.02 467.86 539.71 733.53
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 1.92 4.93 4.3 11.38 3.43
Profit Before Tax 17.76 21.69 10.83 -11.22 19.42
Tax 4.21 5.48 2.77 -4.35 4.95
Profit After Tax 13.55 16.21 8.06 -6.87 14.47
Adjusted EPS (Rs) 3.42 4.09 2.01 -1.7 3.52

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 51.82 0
Sep 2023 52.87 0
Jun 2023 53.05 0
Mar 2023 55.18 0
Dec 2022 55.23 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 7.39 0.08 19.64 46.59 67.81
Adjustment 16.49 20.37 19.42 21.01 30.26
Changes in Assets & Liabilities 8.9 -4.45 2.74 -2.48 -29.12
Tax Paid -6.73 -2.35 2.23 -12.49 -16.26
Operating Cash Flow 26.05 13.65 44.03 52.63 52.69
Investing Cash Flow -14.71 -13.88 -25.74 -41.91 -157.17
Financing Cash Flow -14.54 11.18 -33.02 -13.22 110.11
Net Cash Flow -3.19 10.95 -14.74 -2.51 5.62
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