Landmark Cars Limited IPO
Landmark Cars Limited was a mainboard IPO in the Auto Dealer sector, offered at ₹481–₹506 per share to raise ₹552 crore. The issue was subscribed 3.06× overall (QIBs 8.71×, NIIs 1.32×, retail 0.59×). It listed on 23 Dec 2022 at ₹471 and closed its first day at ₹458, a listing loss of -9.4% versus the ₹506 issue price. It now trades around ₹438 (-13.4% versus the issue price).
Frequently asked questions
- How many times was the Landmark Cars Limited IPO subscribed?
- The Landmark Cars Limited IPO was subscribed 3.06× overall — 8.71× in the QIB category, 1.32× among non-institutional investors, 0.59× in retail.
- What were the Landmark Cars Limited IPO listing gains?
- Landmark Cars Limited listed on 23 Dec 2022 at ₹471, closing its first day at ₹458 — a listing loss of -9.4% versus the ₹506 issue price.
- What were the retail allotment odds for the Landmark Cars Limited IPO?
- Retail was subscribed 0.59×, so a single-lot application had roughly a 100% chance of allotment — most applicants were allotted, and allotment was finalised on 19 Dec 2022.
- What was the price band and lot size of the Landmark Cars Limited IPO?
- The price band was ₹481–₹506 per share, with a minimum lot of 29 shares (₹14,674 at the upper band).
- Who were the registrar and lead manager for the Landmark Cars Limited IPO?
- Link Intime India Private Limited was the registrar, and Axis Capital was the book-running lead manager.