Landmark Immigration Consultants IPO Closed
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Schedule of Landmark Immigration Consultants
| Issue open date | 16 Jan 2025 |
| Issue close date | 20 Jan 2025 |
| UPI mandate deadline | 20 Jan 2025 (5 PM) |
| Allotment finalization | 21 Jan 2025 |
| Refund initiation | 21 Jan 2025 |
| Share credit | 22 Jan 2025 |
| Listing date | 23 Jan 2025 |
| Mandate end date | 04 Feb 2025 |
| Lock-in end date for anchor investors (50%) | 20 Feb 2025 |
| Lock-in end date for anchor investors (remaining) | 21 Apr 2025 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Landmark Immigration Consultants
Landmark Immigration Consultants, founded in 2010, offers integrated global consultancy services, including Global Education Consultancy (GEC) and Immigration Consultancy (IC). GEC services support students aspiring to study abroad, primarily in Canada, by offering education consultancy, loan guidance, training for language proficiency tests, and visa assistance. IC services cater to customers seeking tourist/business visas or permanent residency applications. The company operates as a one-stop solution, predominantly serving Punjab, Chandigarh, and Vadodara regions, with a mission to empower Indian students and help individuals achieve global aspirations.
Financials of Landmark Immigration Consultants
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹40.32 crores |
| Fresh Issue | ₹40.32 crores |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Capital expenditure for new branches | 11.01 (27.3%) |
| Advertisement expenses for brand visibility | 13.95 (34.60%) |
| Inorganic growth through acquisitions | 9.60 (23.81%) |
| General corporate purposes and others | 5.76 (14.28%) |
Strengths
- Offers education and immigration consultancy, serving students and PR aspirants.
- Strong presence in Punjab, Chandigarh, and Vadodara with local expertise.
- Led by experienced promoters with industry knowledge.
- Customer-focused solutions ensure satisfaction and loyalty.
Risks
- Reliant on regulatory approvals and policy changes in key markets like Canada.
- Operations concentrated in limited regions, increasing localized risks.
- Financial risks from service costs and demand fluctuations.
- Legal risks from disputes or visa regulation non-compliance.
Allotment Status for Landmark Immigration Consultants
To check your allotment status – click here.
Subscription Figures for Landmark Immigration Consultants
Subscription numbers as of 5:00 PM on 20 Jan 2025:
| Category | Reserved (lakhs) | Applied (lakhs) | Subscription (X times) |
|---|---|---|---|
| Institutional | 12.36 | 440.09 | 35.58x |
| HNI (₹2L+) | 14.35 | 1113.90 | 77.61x |
| Retail (upto ₹2L) | 20.80 | 1702.83 | 81.87x |
| Total | 47.52 | 3256.83 | 68.54x |