13 Dec 2022
15 Dec 2022
₹ 552 Cr
23 Dec 2022
₹ 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).
The shares will be allotted on 20th December
Landmark Cars is promoted by Sanjay Thakker
Axis Capital Limited and ICICI Securities Limited are the book running lead managers to the issue.