Landmark Immigration IPO - Day 3 Subscription at 14.87 Times

resr 5paisa Research Team

Last Updated: 20th January 2025 - 02:23 pm

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Landmark Immigration's initial public offering (IPO) has demonstrated solid investor interest over its three-day subscription period. The IPO showed steady growth in demand, progressing from 1.79 times on day one, to 6.28 times on day two, and reaching a robust 14.87 times by 11:09:09 AM on the final day.

Landmark Immigration IPO has seen particularly strong participation from retail investors, achieving 23.41 times subscription, while Non-Institutional Investors showed healthy interest at 17.15 times. The Qualified Institutional Buyers segment maintained steady participation at 1.13 times throughout the subscription period.
 

Subscription Status of Landmark Immigration IPO:

Date QIB NII  Retail Total
Day 1 (Jan 16) 1.12 0.90 2.77 1.79
Day 2 (Jan 17) 1.13 5.54 10.29 6.28
Day 3 (Jan 20)* 1.13 172.6 23.41 14.87

*As of 11:09:09 AM

Here are the subscription details for Landmark Immigration IPO as of Day 3 (20th January 2025, 11:09:09 AM)

Investor Category Subscription (times) Shares Offered Shares bid for Total Amount (Rs Cr.)
Anchor Investors 1.00 8,48,000 8,48,000 6.11
Market Maker 1.00 2,84,800 2,84,800 2.05
Qualified Institutions 1.13 12,36,800 13,93,600 10.03
Non-Institutional Buyers 17.15 9,52,000 1,63,24,800 117.54
Retail Investors 23.41 20,80,000 4,86,89,600 350.57
Total 14.87 44,67,200 6,64,08,000 478.14

 

Landmark Immigration IPO - Day 3 Subscription

Key Highlights: 

  • Overall subscription achieved solid 14.87 times on the final day
  • Retail investors leading with strong 23.41 times subscription
  • Non-Institutional Investors demonstrated robust interest at 17.15 times
  • QIB portion maintained steady subscription at 1.13 times
  • Total bids worth ₹478.14 crores received
  • Applications reached 38,499 showing healthy retail interest
  • Market response indicating substantial demand
  • Final day showing balanced participation across categories
  • All segments achieving oversubscription

Landmark Immigration IPO - Day 2 Subscription at 32.23 Times

Key Highlights: 

  • Overall subscription progressed to 6.28 times
  • Retail investors showed good momentum reaching 10.29 times
  • Non-institutional investors improved to 5.54 times
  • QIB portion stable at 1.13 times
  • Day two witnessed steady growth
  • Market response indicating building confidence
  • Subscription trend showing consistent momentum
  • All segments demonstrated positive progress
  • Balanced participation across investor categories

 

Landmark Immigration IPO - Day 1 Subscription at 7.16 Times

  • Overall subscription opened at 1.79 times
  • Retail investors began steadily at 2.77 times
  • Non-institutional investors started at 0.90 times
  • QIB portion showed early interest at 1.12 times
  • Opening day demonstrated balanced response
  • Market showing measured confidence
  • Initial momentum indicating stable interest
  • Day one meeting baseline expectations
  • Early QIB participation notable

 

About Landmark Immigration Consultants Limited

Incorporated in 2010, Landmark Immigration Consultants Limited has established itself as a comprehensive global consultancy services provider, specializing in educational and immigration services. The company operates through nine fully equipped branches and maintains partnerships with over 30 Canadian institutions. Additionally, they have expanded their presence through franchise agreements in Jammu, Jind, and Karnal.

The company's services are divided into two main segments:

Global Education Consultancy Services: Offering complete education guidance including admission assistance, language proficiency training, and study visa processing

Immigration Consultancy Services: Providing expertise for tourist visas, business visas, and permanent residency, particularly focused on Canadian immigration

Their financial performance shows strong growth, with revenue of ₹19.25 crores and profit after tax of ₹5.40 crores for the period ended September 30, 2024. The company maintains a workforce of 128 employees, supporting their consultancy operations.
 

Highlights of the Landmark Immigration IPO:

  • IPO type: Book Built Issue SME IPO
  • IPO size: ₹40.32 crores
  • Fresh Issue: 56.00 lakh shares
  • Face value: ₹10 per share
  • Price band: ₹70 to ₹72 per share
  • Lot size: 1,600 shares
  • Minimum investment for retail investors: ₹1,15,200
  • Minimum investment for HNI: ₹2,30,400 (2 lots)
  • Market maker reservation: 2,84,800 shares
  • Listing at: BSE SME
  • IPO opens: 16th January 2025
  • IPO closes: 20th January 2025
  • Allotment date: 21st January 2025
  • Refund initiation: 22nd January 2025
  • Credit of shares: 22nd January 2025
  • Listing date: 23rd January 2025
  • Lead Manager: Shreni Shares Limited
  • Registrar: Kfin Technologies Limited
  • Market Maker: Shreni Shares Limited

 

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