Landmark Cars IPO to launch on 13th December. Here’s what you should know about the company and its financials

Landmark Cars IPO

Landmark Cars IPO

Think of a premium car brand; Mercedes Benz is one of the names that spring to mind. The premium dealership, Landmark Cars, which sells Mercedes Benz cars, is offering up its IPO. The IPO will open on 13th December 2022 and is expected to raise Rs.552 crores for the company.

Before investing in the IPO, here’s a look into the company, its financials, and the IPO details.

About Landmark Cars Limited 

Landmark Cars Limited is an Indian car dealership brand launched in 1998. Besides having a dealership for Mercedes Benz, the company also sells other cars, including Jeep, Honda, Renault, and Volkswagen. In the commercial sector, Landmark Cars have a dealership for Ashok Leyland.

The company sells both new and second-hand cars. Other activities that the company is engaged in include the following –

  • Service and repairs
  • After-sales service
  • Third-party insurance and finance products

The company’s outlets and presence in India are as follows –

The Company’s outlets and presence in India

Financial performance of Landmark Cars

Financially, the company has shown good performance in the last year as its profit after tax and revenue grew considerably.

Financial performance of Landmark Cars

Source: Chittorgarh

Landmark Cars IPO details

Here’s a quick look at the major details of the IPO – (Source: https://www.chittorgarh.com/ipo/landmark-cars-ipo/1338/)

Landmark Cars IPO details

Related - Check out how the IPO price is determined

The funds raised from the IPO will be used to repay or prepay the debt of the company and its subsidiaries and also for the general corporate uses of the company.

The OFS shares are being contributed by the company’s investors that include the following –

  • Aastha Limited
  • TPG Growth II SF
  • Sanjay Thakker
  • Garima Misra

The IPO’s book-running lead managers are ICICI Securities and Axis Capital.

Check the details of the IPO, and then you can subscribe to it if it meets your investment needs.

Related - Do you know grey markets in IPO? Read this to understand.

Check out this video to analyze Landmark Cars IPO

Think of a premium car brand; Mercedes Benz is one of the names that spring to mind. The premium dealership, Landmark Cars, which sells Mercedes Benz cars, is offering up its IPO. The IPO will open on 13th December 2022 and is expected to raise Rs.552 crores for the company.

Before investing in the IPO, here’s a look into the company, its financials, and the IPO details.

About Landmark Cars Limited 

Landmark Cars Limited is an Indian car dealership brand launched in 1998. Besides having a dealership for Mercedes Benz, the company also sells other cars, including Jeep, Honda, Renault, and Volkswagen. In the commercial sector, Landmark Cars have a dealership for Ashok Leyland.

The company sells both new and second-hand cars. Other activities that the company is engaged in include the following –

  • Service and repairs
  • After-sales service
  • Third-party insurance and finance products

The company’s outlets and presence in India are as follows –

The Company’s outlets and presence in India

Financial performance of Landmark Cars

Financially, the company has shown good performance in the last year as its profit after tax and revenue grew considerably.

Financial performance of Landmark Cars

Source: Chittorgarh

Landmark Cars IPO details

Here’s a quick look at the major details of the IPO – (Source: https://www.chittorgarh.com/ipo/landmark-cars-ipo/1338/)

Landmark Cars IPO details

Related - Check out how the IPO price is determined

The funds raised from the IPO will be used to repay or prepay the debt of the company and its subsidiaries and also for the general corporate uses of the company.

The OFS shares are being contributed by the company’s investors that include the following –

  • Aastha Limited
  • TPG Growth II SF
  • Sanjay Thakker
  • Garima Misra

The IPO’s book-running lead managers are ICICI Securities and Axis Capital.

Check the details of the IPO, and then you can subscribe to it if it meets your investment needs.

Related - Do you know grey markets in IPO? Read this to understand.

Check out this video to analyze Landmark Cars IPO

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