One of the most prominent car dealership giants, Landmark Cars Limited, has filed DRHP to raise Rs.762 crore via IPO. The issue consists of a new equity share of rs.150 crores and an offer sale of up to Rs.402 crores. Click here to Apply for Landmark Cars IPO.
Listing at NSE, BSE
| Opening Date | Closing Date |
| Dec 13, 2022 | Dec 15, 2022 |
| Price Band | Issue Size |
| ₹481 – ₹506 per equity share | ₹552.00 Cr (1,09,09,091 shares)) |
| Face Value | Market Lot |
| ₹5 per equity share | 29 Shares |
Landmark Cars IPO Important Dates
IPO Open Date | Dec 13, 2022 |
|---|---|
IPO Close Date | Dec 15, 2022 |
Allotment Date | Dec 20, 2022 |
Initiation Of Refunds | Dec 21, 2022 |
Credit Of Shares To Demat Account | Dec 22, 2022 |
IPO Listing Date | Dec 23, 2022 |
UPI Mandate Expiry Date | Dec 15, 2022 (5pm IST) |
About Landmark Cars Limited-
Landmark Cars are one of the leading dealerships of premium automotive retail business. The company owns Mercedes-Benz, Honda, Jeep, Volkswagen, and Renault dealerships. The company also caters to the business of Ashok Leyland in India.
The brand also has other services, including sales of new vehicles, after-sales service, repair sales of pre-owned passenger vehicles, and facilitation of third-party finance and insurance products.
This vehicle dealership has a strong network 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. Plus, the company also holds a solid online presence with websites for Group Landmark, our dealerships, and the websites of the OEMs.
Landmark Cars Limited IPO Objectives-
- The proceeds from the sale of shares through Landmark Cars Initial Public offer will be used in clearing the debts.
- A part of the fund will be used for joint ventures or acquisitions, investment in the Subsidiaries, and long-term or short-term working capital requirements.
Why should you invest in the Landmark Cars Limited IPO?
- In terms of sale volume, the premium market in India is expected to grow at a CAGR of 8 to 10% from approximately 2.7 million units in Fiscal 2021 to about 4.2 million units in Fiscal 2026.
- In the six months ended September 30, 2021, and Fiscal 2021, Fiscal 2020, and Fiscal 2019, Landmark Cars’ total income was ₹14,197.93 million, ₹19,663.43 million, ₹22,289.33 million and ₹28,346.16 million, respectively.
Financial Highlights-
Parameters | 2021 | 2020 | 2019 |
| EBITDA Margin | 6.11% | 3.73% | 3.13% |
| Restated Profit/(Loss) for the period /year | 111.48 | -289.39 | -244.28 |
| Profit after tax margin (Net Profit Ratio) | 0.57% | -1.30% | -0.86% |
| Operating cash flows before working capital change | 1,164.40 | 805.14 | 934.81 |
| Return on Capital Employed (ROCE) | 8.59% | 1.07% | 3.19% |
| Return on Equity Ratio (ROE) | 6.11% | -17.03% | -12.93% |
How to apply for Landmark Cars IPO?
Click here if you’re a new investor, Open a DEMAT Account for free with Thrilling Securities and begin the trading process.
Landmark Cars Limited Noteworthy Highlights:
Starting in 1998, the company has 112 outlets in eight Indian states, comprising 61 sales outlets and 51 after-sales services and spare outlets.In FY21, Landmark Cars contributed 3.41%, 5.20%, 21.63%, 5.95%, and 4.83% of the domestic sales of Mercedes-Benz, Honda, Jeep, Volkswagen, and Renault, respectively.
The Brand’s Pros & Cons:
Pros | Cons |
|---|---|
| Landmark Cars have a stronghold in after-sales services. Each of the dealers has pair and collision repair services and includes warranty work, insurance claim work and customer-paid services. This growing presence in this segment is leading to a predictable growth in revenues and superior margins. | Any lack of proper implementation of controls, procedures and policies at the acquired dealership companies may affect the business. |
| Due to their robust business process, there is a reduction in costs and an increase in efficiency, thus ensuring faster operationalization. | Any change in economic conditions and other factors in the automotive retail industry can have an adverse effect on the business. |
| The company is continuously expanding in the high-growth segments of premium and luxury passenger vehicles. | Any pandemic can have a material adverse effect on the business, resulting in operations and financial conditions. |
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