- Date : 08/12/2022
- Read: 2 mins
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 –
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.
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/)
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 –
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.
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/)
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.
