Landmark Cars Limited IPO Closed

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IPO date 13 Dec 2022 – 15 Dec 2022
Listing date 23 Dec 2022
Price range 481 – 506
Minimum order quantity 29
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Landmark Cars Limited is a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen, Renault, and Ashok Leyland (commercial vehicle sales). The company has a presence across the automotive retail value chain, including sales of new vehicles, after-sales service, and repairs, sales of pre-owned passenger vehicles, and facilitation of the sales of third-party finance and insurance products.

As of June 30, 2022, Landmark cars operated 112 outlets in 8 Indian states and union territories, comprising 59 sales showrooms and outlets and 53 after-sales services and spare outlets.

The company is focused on the premium and luxury automotive segments and as per CRISIL, In fiscal 2022, it is the number one dealer in India for Mercedes in terms of retail sales and for Honda and Jeep in terms of wholesale sales.

Recently it has also entered into an arrangement with BYD to become its dealer in the NCR and Mumbai region. It is also delving into industry-related technology and platforms by making equity investments in Chatpay Commerce Private Limited and Sheerdrive Private Limited where it holds an equity interest of 8.26% and 19.97% respectively.

Contribution to sales in FY21

Mercedes-Benz Honda Jeep Volkswagen Renault
15.8% 5.8% 26.8% 8.7% 5.1%

Dealership ranking by sales volumes of new vehicles

Brand Time Period Rank
Mercedes_Benz Financial Year 21 1
Honda Financial Year 21 1
Volkswagen Calendar Year 20 1
Jeep Financial Year 21 1
Renault Calendar Year 20 3

Financial Snapshot

Period ending ROE ROCE Total Revenue (₹ Crores) Profit After Tax (₹ Crores) EBITDA (₹ Crores)
March 2020 -17.03% 1.07% 2,228.93 -28.939 83.195
March 2021 6.11% 8.59% 1,966.34 11.15 120.06
March 2022 26.66% 18.86% 2,989.12 66.18 187.28
June 2022 6.72% 3.67% 801.90 18.14 52.83

IPO Schedule

Issue Period 13th December to 15th December 2022
Finalization of Allotment 20th December 2022
Initiation of Refunds 21st December 2022
Credit of Shares 22nd December 2022
Date of Listing 23rd December 2022
Mandate end date 30th December 2022
Anchor Investors Lock-In End Date 14th January 2022

How do I apply to the Landmark Cars Limited IPO?

You can apply for the Landmark Cars Limited IPO using any supported UPI app by following two steps:
  • Enter your bid on Kite
  • Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Landmark Cars Limited IPO?

You can check the allotment status for the Landmark Cars Limited IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.