Landmark Cars IPO: Check IPO Details, Date, Price | Espresso


Landmark Cars Limited to Open on Dec 12. Check IPO Details, Issue Date, Price

December 12, 2022
Landmark Cars Limited to Open on Dec 12. Check IPO Details, Issue Date, Price

Landmark Cars Limited is coming out with a fresh public issue to raise Rs. 552 crores from the market.

Below are the details of the Landmark Cars Limited IPO:

  • Issue opens – Dec 13 (Tuesday)
  • Issue closes – Dec 15 (Thursday)
  • Issue size – Rs. 552 crores
  • Price band – Rs. 481 to 506 per equity share
  • Bid lot – 48 shares and in multiples thereof

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And here are some details of the company and further details on the Landmark Cars Limited.

Company details:

·       Landmark Cars Limited (“Landmark”) was incorporated on February 23, 2006. Landmark is a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault. They also cater to the commercial vehicle retail business of Ashok Leyland in India.

·       They were the number one dealer in India for Mercedes in terms of retail sales for Fiscal 2022, number one dealer in India for Honda and Jeep in terms of wholesale sales for Fiscal 2022 and were the top contributor to Volkswagen retail sales for calendar year 2021. In addition, they were the 3rd largest dealership in India for Renault in terms of wholesale sales contribution for calendar year 2021.

·       Landmark 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 financial and insurance products.

·       Landmark buy and sell pre-owned passenger vehicles at each of their dealerships. They operate on 2 business models.

i)                 They facilitate the sale of used vehicles through their appointed panel of agents on a commission basis; and

ii)                They also take the vehicles on their books for sale after any needed refurbishment

·       As of June 30, 2022, Landmark has network of 112 outlets in 8 Indian states and union territories, comprised of 59 sales showrooms and outlets and 53 after-sales service outlets.

·       Company’s vehicle dealership network is spread across 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.

Issue Size:

552 crores

Issue break-up:

  • QIB – 50% of the net offer – Rs. 275.50 crores
  • NIB – 15% of the net offer – Rs. 82.65 crores
  • RET – 35% of the net offer – Rs. 192.85 crores




Link Intime India Pvt Ltd


All Retail & NII bidders' (bids up to Rs 5,00,000) applications through brokers are compulsorily in UPI Mode.


· Application made using third party UPI or ASBA Bank A/c are liable to be rejected.      

· The UPI Mandate acceptance time for Retail and NII Bidders (bids up to ? 5,00,000) shall expire at 5:00 PM on the closing day of  the IPO i.e. December 15, 2022. 

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