Open Date
13 Dec 2022
15 Dec 2022
29
₹ 552 Cr
Close Date
Lot Size
IPO Size
Listing At
BSE, NSE
Listing Date
23 Dec 2022
Price Range
₹ 481 to ₹ 506
Landmark Cars, based out Ahmedabad, has over 100 dealerships across the country for brands including Mercedes-Benz, Honda, Jeep, Volkswagen and Renault. It also caters to the commercial vehicle retail business of Ashok Leyland in India
The issue consists of a fresh issue of equity shares aggregating to ₹150 crores and an offer for sale (OFS) of up to ₹402 crores.
The proceeds from the issue will be used for: · To utilise for repayment/pre-payment, partly or full, of certain borrowings availed by it · General corporate purposes
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).
Axis Capital Limited and ICICI Securities Limited are the book running lead managers to the issue.