- POSITIVE
Annual Revenue Landmark Cars Mar-2026 Annual Revenue is Rs 820 Cr which is growth of 19.9% YoY.
- NEGATIVE
Annual Net Profit Landmark Cars Mar-2026 Annual Net Profit is Rs 41 Cr which is growth of -3.4% YoY.
Landmark Cars was incorporated on February 23, 2006, as Landmark Insurance Broking Private Limited. Landmark Cars is a premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault. They also cater to the commercial vehicle retail business of Ashok Leyland in India.
| Bidding Dates |
|---|
| 13 Dec 2022 - 15 Dec 2022 |
| Subscription |
|---|
| 3.06x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,674 | 1 | 13 | 29 | 10.9 M | ₹481 - ₹506 | 72.44 % | ₹5,247.3 M - ₹5,520.0 M | RHP DOC |
Landmark Cars IPO SUBSCRIPTION STATUS
15 Dec '22Total3.06x
Retail Individual Investor0.59x
HNI (NII) Investors1.32x
Qualified Institutional Buyers8.71x
Employees2.93x
Landmark Cars IPO overall subscription rate was 3.06 times the total available shares
Landmark Cars IPO retail subscription rate was 0.59 times in the retail segment
Landmark Cars IPO non-institutional investor subscription rate was 1.32 times in the non-institutional investor category
Landmark Cars IPO Qualified Institutional Bidder subscription rate was 8.71 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
15 Dec 2022 (Day 3) | 0.59x | 1.32x | 8.71x | 2.93x |
14 Dec 2022 (Day 2) | 0.36x | 0.84x | 0.09x | 2.18x |
13 Dec 2022 (Day 1) | 0.17x | 0.39x | 0x | 1.2x |
Landmark Cars FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| Q1FY23 | 181.4 | 8,002.7 | -645.6 | -770.5 |
| FY22 | 661.8 | 29,765.2 | 764.4 | 406.4 |
| FY21 | 111.5 | 19,561.0 | 427.6 | 299.2 |
| FY20 | -289.4 | 22,186.1 | 2,096.6 | 1,913.8 |
Landmark Cars IPO SUBSCRIPTION STATUS DETAILS
Landmark Cars had 10.9 M shares on offer
Landmark Cars IPO offer price was in the range ₹481 - ₹506
Landmark Cars IPO minimum Investment was ₹14674
Landmark Cars IPO issue size was ₹ 5,247.3 M - ₹ 5,520.0 M
Landmark Cars had a minimum lot size of 29 Shares per application
Landmark Cars NUMBER OF SHARES ON OFFER
Total10.9 M
Fresh Issue3.0 M
Offer for Sale7.9 M
Post Issue Promoter Holding %72.44 %
Landmark Cars IPO IMPORTANT DATES
| Issue Open Date | 13 Dec 2022 |
| Issue close Date | 15 Dec 2022 |
| Allotment Date | 20 Dec 2022 |
| Refund Date | 21 Dec 2022 |
| Demat Account Credit Date | 22 Dec 2022 |
| Listing Date | 23 Dec 2022 |
| Listing on Exchange(s) | NSE and BSE |
| Landmark Cars Allotment Status | Exchange |
Landmark Cars IPO subscription opened on 13 Dec 2022, and closed on 15 Dec 2022
IPO allotment for Landmark Cars was finalized on Tuesday, 20 Dec 2022
IPO listing for Landmark Cars was on NSE and BSE on Friday, 23 Dec 2022
Landmark Cars IPO LISTING GAINS
| Issue Price (adjusted) | 506.0 |
| Listing Open Price | 471.0 |
| Listing Close Price | 458.4 |
| Listing Gain% | -6.9% |
| Current Gain% | -13.4% |
Landmark Cars Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Landmark Cars Ltd. | 438.1 | 1734.4 | 40.4 | 0.3 | 0.4 | 6.4 | 1.9 | 4914.4 | 21.7 | 37.3 | 134.2 | 10.8 | 128.6 |
| Vedant Fashions Ltd. | 478.6 | 11627.7 | 30.1 | -12.1 | 8 | 19.1 | 13.2 | 1529 | 3.9 | 375.5 | -3.3 | 15.9 | -2.5 |
| Aditya Birla Lifestyle Brands Ltd. | 70.5 | 8605.9 | 48.9 | 0.3 | 1 | 12.1 | 2 | 8480.9 | 7.2 | 171 | 187 | 1.4 | 189.8 |
| Aditya Vision Ltd. | 549 | 7090.3 | 49.1 | 1.5 | 2.3 | 17 | 7.9 | 2681.5 | 18.3 | 116.9 | 10.8 | 11.2 | 33.5 |
| Ethos Ltd. | 2501.7 | 6694 | 64.4 | 5.2 | 3.9 | 6.4 | 4.3 | 1658.4 | 30 | 94.8 | -1.6 | 38.8 | 12.3 |
| Electronics Mart India Ltd. | 151.7 | 5838.2 | 28.3 | 0.3 | 0.7 | 6.6 | 2.8 | 7191.4 | 3.1 | 107.1 | -33.1 | 5.4 | 88.8 |
Forecaster
Quarterly
Annual
Balance Sheet
Ratios
Cash Flow
Landmark Cars annual results: revenue, profit, P&L, and margins as of Mar 2026 – 11 year history
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Base Level
Reporting Type
Standalone
Cell Data
Actual
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YoY & New to Old
CAGR Columns
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*All financials are in INR Cr and price data in INR
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Total Rev. Ann.
1Y CHG
19.9%
2Y CAGR
14.9%
3Y CAGR
18.3%
5Y CAGR
7.6%
Total Revenue Annual growth is higher than historical averages.
Net Profit Ann.
1Y CHG
-3.5%
2Y CAGR
16.2%
3Y CAGR
-6.7%
5Y CAGR
22.7%
Net Profit Annual is falling faster than historical averages.
Operating Exp. Ann.
1Y CHG
23.1%
2Y CAGR
18.8%
3Y CAGR
22.2%
5Y CAGR
6.3%
Operating Expenses Annual Cr growth is higher than historical averages.
Landmark Cars INFORMATION ON IPO ISSUE
About Landmark Cars
Landmark Cars was incorporated on February 23, 2006, as Landmark Insurance Broking Private Limited. Landmark Cars is a premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault. They also cater to the commercial vehicle retail business of Ashok Leyland in India.
Object of the Issue
- Repayment/pre-payment, in full or part, of certain borrowings availed by the company and subsidiaries
- General corporate purposes
Landmark Cars - PROMOTERS
| Name |
|---|
| Sanjay Karsandas Thakker |
Landmark Cars Book Running Lead Manager
Axis Capital Limited
landmark.ipo@axiscap.in
Landmark Cars Book Running Lead Managers
ICICI Securities Limited
landmark.ipo@icicisecurities.com
Landmark Cars Registrar to the Offer
Link Intime India Private Limited
landmark.ipo@linkintime.co.in
Landmark Cars Strengths
Leading automotive dealership
The company is a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault
Strength
Growing presence in after-sales segment
The company operates authorised service centres for Mercedes-Benz, Honda, Volkswagen, Jeep, Renault and Ashok Leyland, and it provides after-sales service and repairs through its 51* after-sales service outlets across eight Indian states
Strength
Comprehensive business model
The business caters to the entire customer value chain, including retailing new vehicles, servicing and repairing vehicles, selling spare parts, lubricants and other products, selling pre-owned passenger vehicles and distributing third-party financial and insurance products
Strength
Robust business processes
The company has established robust business processes to reduce costs, increase efficiency and ensure faster operationalisation of new facilities
Strength
Landmark Cars Risks
Subject to influence/restrictions of OEMs
The company is subject to the influence of, and restrictions imposed by OEMs pursuant to the terms of the dealership or agency agreements that may adversely impact the business, results of operations, financial condition and prospects
Risk
Dependent on the OEM
The success depends on the value, perception, marketing and overall competitiveness of the OEMs’ vehicle brands in India and any damage to these brands or their failure to compete effectively could adversely affect the business, results of operations and financial condition
Risk
Incured losses
The company reported a loss in fiscals 2020 and 2019, and may incur additional losses in the future
Risk
IPO FAQs
This IPO consists of an offer for sale of up to Rs 402.0 crore, of 7,944,664 shares. It also consists of a fresh issue of Rs 150.0 crore.
The promoter of the company is Sanjay Karsandas Thakker.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 481.0 - 506.0.
The IPO application opens on Dec 13, 2022 and closes on Dec 15, 2022.
The minimum lot size for the IPO is 29. The maximum lot size for the IPO is 377.
For all category investors, the minimum application amount for this IPO is Rs. 14,674.0, the maximum value for this IPO is Rs 190,762.0.
This IPO will be allotted on Dec 20, 2022.
The refund will be credited to your account on Dec 21, 2022.
The allotted shares will be credited to your demat on Dec 22, 2022.
Landmark Cars Ltd.’s shares listed on the stock exchanges on Dec 23, 2022.