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.
The company’s business model captures the entire customer value chain including retailing new vehicles, servicing and repairing vehicles, selling spare parts, lubricants and other products, selling pre-owned passenger vehicles and distribution of third-party finance and insurance products.
Company Financials
| 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 |
| 30-Jun-22 | 1209.37 | 801.9 | 18.14 | 268.27 | 464.36 |
| Amount in ₹ Crore |
Objects 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.
Landmark Cars IPO Details
| IPO Date | Dec 13, 2022 to Dec 15, 2022 |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price | ₹481 to ₹506 per share |
| Lot Size | 29 Shares |
| Issue Size | 10,909,091 shares of ₹5 (aggregating up to ₹552.00 Cr) |
| Fresh Issue | 2,964,427 shares of ₹5 (aggregating up to ₹150.00 Cr) |
| Offer for Sale | 7,944,664 shares of ₹5 (aggregating up to ₹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. |
Landmark Cars IPO Tentative Timetable
Landmark Cars IPO opens on Dec 13, 2022, and closes on Dec 15, 2022. The Landmark Cars IPO bid date is from Dec 13, 2022 10.00 A.M. to Dec 15, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Dec 13, 2022 |
| Closing Date | Dec 15, 2022 |
| Basis of Allotment | Dec 20, 2022 |
| Initiation of Refunds | Dec 21, 2022 |
| Credit of Shares to Demat | Dec 22, 2022 |
| Listing Date | Dec 23, 2022 |
Landmark Cars IPO Lot Size
The Landmark Cars IPO lot size is 29 shares. A retail-individual investor can apply for up to 13 lots (377 shares or ₹190,762).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 29 | ₹14,674 |
| Retail (Max) | 13 | 377 | ₹190,762 |
| S-HNI (Min) | 14 | 406 | ₹205,436 |
| B-HNI (Min) | 69 | 2,001 | ₹1,012,506 |
Landmark Cars IPO Promoter Holding
| Pre Issue Share Holding | 60.24% |
| Post Issue Share Holding | 44.61% |
Landmark Cars IPO Prospectus
Company Contact Information
Landmark Cars Limited
Landmark House, Opp. AEC, S.G. Highway,
Thaltej, Near Gurudwara,
Ahmedabad 380 059,
Phone: +91 79 6618 5555
Email: companysecretary@landmarkindia.net
Website: https://www.grouplandmark.in/
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/