Landmark Cars IPO: How to check the Allotment Status

Landmark Cars IPO worth Rs. 552 crore, consisted of a fresh issue of Rs. 150 crore and an offer for sale (OFS) of Rs. 402 crore. The fresh issue component results in dilution of equity and EPS but infuses fresh funds into the company. The OFS portion is just a transfer of ownership but it is neither equity dilutive nor EPS dilutive. The issue was overall subscribed 3.06 times, with the maximum subscription coming from the QIB segment, which got subscribed over 8.71 times. While the HNI / NII segment got subscribed about 1.32 times, the retail portion got under-subscribed at 0.59 times or just 59%. Most of the QIB subscriptions came in on the last day of the IPO, which is the norm. The price band for the IPO was Rs. 481 to Rs. 506, and looking at the moderate response, it looks fairly likely that the price discovery would eventually happen at the upper end of the price band.

The basis of allotment will be finalized late on Tuesday, 20th December 2022. The demat credits are expected to happen on 22nd December 2022 while the listing of the stock on the NSE and the BSE will happen on 23rd December 2022. Due to the weekend coming in between, the basis of allotment is pushed back by a couple of days. If you have applied for the IPO, you can check your allotment status online.

You can either check your allotment status on the BSE website or the IPO registrar, Link Intime India Private Limited. Here are the steps.

Checking the allotment status of Landmark Cars Ltd on BSE website

Visit the BSE link for the IPO allotment by clicking on the link below

https://www.bseindia.com/investors/appli_check.aspx

Once you reach the page, here are the steps to follow.

• Under Issue Type – Select Equity Option

• Under Issue Name – Select Landmark Cars Ltd from the drop down box

• Enter the Application Number exactly as in the acknowledgement slip

• Enter the PAN (10-digit alphanumeric) number

• Once this is done, you need to click on the Captcha to verify that you are not a robot

• Finally click on the Search Button

In the past, while checking the allotment status on the BSE website, it was necessary to input the PAN number and the application Number. However, now BSE has modified the requirements and it is sufficient if you enter any one of these parameters.

The allotment status will be displayed on the screen in front of you informing about the number of shares of Landmark Cars Ltd allotted into your demat account. It is suggested that you take a screenshot of this output page and store for future reference.

Checking the allotment status of Landmark Cars Ltd on Link Intime India Private Limited (Registrar to the IPO)

Visit the Link Intime registrar website for IPO status by clicking on the link below:

https://linkintime.co.in/MIPO/Ipoallotment.html

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Landmark Cars Ltd from the drop down box. In the case of Landmark Cars Ltd, data access will be allowed late on 20th of December or by middle of 21st of December.

• There are 3 options available to you. You can either access the allotment status based on PAN, Application Number or DPID-Client ID combination. You can select any one options that is preferred and provide the details accordingly.
   

• If you opt for the PAN Number access, then enter the 10 character income tax permanent account number (PAN). This is an alphanumeric code available either on your PAN card or on top of your income tax return.
   

• The second option is to use the Application Number that you used while making an application for the IPO. The application number is available on the acknowledgement provided to you and you can use that as one of the options to access allotment status.
   

• The third option is to use the DPID-Client ID combination. Remember that here you have to enter the DP id and the demat client id together as one single string. This DPID / Client ID combination is a numeric figure for CDSL demat accounts while it is an alphanumeric string for NSDL demat accounts. This number would be available in your demat statement or you can also get it online from your online trading account or trading app downloaded on the mobile smart phone.
   

• Finally, click on the Search button

The IPO status with number of shares of Landmark Cars Ltd allotted will be displayed on the screen in front of you. You can take a screenshot of the output page for your records.