Landmark Cars IPO is all set to debut in the indian stock market on 13 December 2022 with an issue size of 552cr Rs and is a leading premium automotive retail business in India.
Landmark Cars IPO Details
|Landmark Cars IPO Dates||13 – 15 December 2022|
|Landmark Cars IPO Price||INR 481 – 506 per share|
|Fresh issue||INR 150 crore|
|Offer For Sale||INR 402 crore|
|Total IPO size||INR 552 crore|
|Minimum bid (lot size)||29 shares (INR 14,674)|
|Face Value||INR 5 per share|
|Listing On||NSE, BSE|
Landmark Cars IPO Tentative Dates
|Opening Date||Dec 13, 2022|
|Closing Date||Dec 15, 2022|
|Basis of Allotment||Dec 20, 2022|
|Initiation of Refunds||Dec 21, 2022|
|Credit of Shares to Demat||Dec 22, 2022|
|Listing Date||Dec 23, 2022|
Landmark Cars IPO Industry Overview
As retail inflation has slowed and G-sec yields have fallen, the yields in India’s auto finance category have been dropping during the last two to three years, according to the CRISIL Report. Auto finance rates have stayed low since the marginal cost of funds-based lending rate (MCLR) regime went into effect on April 1, 2016, since banks were compelled to pass on the advantages of a lower interest rate to end-users. This has decreased yields since Fiscal Year by 100 to 130 basis points.
2015. However, interest rates have risen since since the RBI began raising the repo rate in May 2022. From May 2022 to August 2022, the average finance rate for two-wheelers and passenger cars climbed by 135 bps and 94 bps, respectively.
Landmark Cars IPO Company Overview
Landmark Cars Limited, a company founded in 1998, is the top premium car retailer in India and has dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen, and Renault. The firm also serves Ashok Leyland’s Indian retail commercial vehicle industry. Sales of new cars, after-sales service and maintenance (including the sale of spare parts, lubricants, and accessories), sales of used passenger cars, and facilitation of the sale of third-party finance and insurance products are just a few of the services provided by Landmark Cars. As of September 30, 2021, the company’s network had grown to 112 outlets in 8 Indian states, including 61 sales showrooms and outlets and 51 after-sales services and spares stores.
A total of 31 cities in eight states and a union territory, including Maharashtra, Uttar Pradesh, Gujarat, Haryana, Madhya Pradesh, Punjab, West Bengal, and the National Capital Territory of Delhi, make up the Landmark Cars Limited vehicle dealership network. The business serves as a Mercedes-Benz, Honda, Volkswagen, Jeep, Renault, and Ashok Leyland authorised service centre. As of September 30, 2021, Landmark Cars additionally offered after-sales maintenance and repairs through 51 after-sales service and spare outlet locations.
Landmark Cars Financial Statements
|Operational & Financial Ratios||2021||2020||2019||2018||2017|
|Earnings Per Share (Rs)||8.09||-0.10||2.73||20.43||7.25|
|Core EBITDA Margin(%)||6.81||2.89||2.98||4.66||3.09|
|Pre Tax Margin(%)||3.50||0.01||0.97||3.64||1.71|
|PAT Margin (%)||2.64||-0.03||0.65||2.33||1.09|
|Cash Profit Margin (%)||5.50||2.33||1.78||3.31||2.05|
|M Cap / Sales||0.00||0.00||0.00||0.00||0.00|
|Net Sales Growth(%)||-14.87||-13.92||10.01||32.51||-9.71|
|Core EBITDA Growth(%)||76.83||-3.39||-25.95||83.35||-16.39|
|Financial Stability Ratios|
Landmark Cars IPO Objectives
The funds fot the proceedings will be used for the following purposes:
1. Repayment/pre-payment, in full or in part, of certain borrowings availed by the Company and Subsidiaries.
2. General corporate purposes.
Landmark Cars LTD Strengths
- Leading automotive dealership for major OEMs with a strong focus on high growth segments.
- Growing presence in after-sales segment leading predictable growth in revenues and superior margins.
Landmark Cars LTD Weaknesses
- Reported a loss in Fiscal 2020 and may incur additional losses in the future.
- Its business operations are heavily focused in the states of Gujarat and Maharashtra, therefore any unfavourable events in these states could have a negative impact on their operations.
Company Contact Information
Landmark Cars Limited
Landmark House, Opp. AEC, S.G. Highway,
Thaltej, Near Gurudwara,
Ahmedabad 380 059,
Phone: +91 79 6618 5555
Landmark Cars IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Landmark Cars IPO Lead Manager(s)
- Axis Capital Limited (Past IPO Performance)
- ICICI Securities Limited (Past IPO Performance)