Those who are planning to buy the IPO of a firm and want to know which new firm is planning to offer an IPO need to read this blog. As per the latest report Premium automotive retailer known as “Landmark Cars” is ready to float its IPO on Tuesday, 13th December 2022. The IPO of Landmark Car GMP is not begun yet but we will surely go to watch some numbers soon. So those who are planning to purchase it will get all the details in this blog. Just keep reading each paragraph carefully so that you will get all the details. Follow Our website TheGossipsWorld Media for the latest updates!!!!!
Landmark Cars IPO Share Price
According to the reports, the Premium automotive retailer is to increase ₹552 crores through IPO which comprise the latest issue of ₹150 crores as well as an offer for sale up to ₹402 crores from the side of promoters. This firm is one of the biggest and largest networks of dealerships of cars in the nation along with 115 state-of-art facilities in 8 states. The firm has dealerships for premium automotive brands such as BYD, Renault, Mercedes-Benz, Honda, Volkswagen, and Jeep. Apart from it, Landmark Cars also do the business of commercial vehicle retail in Ashok Leyland in India.
Landmark Cars IPO Review
The report states that this firm has reported a revenue of around ₹1420 crores within 6 months in 2022 against the revenue of ₹1966 crores in the year 2021. As per the details, the IPO of the firm sets the price band and it is fixed at ₹481 to ₹506 per Equity Share. Apart from it, the Landmark Cars IPO to list on BSE and NSE. Now it is time to know the IPO Date And Price Band Of Landmark Cars IPO in detail.
Landmark Cars IPO Date & Price
IPO Open: Tuesday, 13th December 2022
IPO Close: Thursday, 15th December 2022
IPO Size: Around ₹525 Crores
Fresh Issue: Around ₹150 Crores
Offer For Sale: 26,900,530 Shares and around ₹402 Crores
IPO Price Band: Per Share of ₹481 to ₹506
Face Value: ₹5 Per Equity Share
This firm has expanded its network in order to include 112 outlets in eight states of India, comprised of 61 sales outlets and showrooms and 51 spares outlet and after-sales services. This firm is spread throughout 31 cities in 8 states as well as union territories including Punjab, Maharashtra, West Bengal, Uttar Pradesh, Madhya Pradesh, Delhi, Haryana, and Uttar Pradesh. As of now, we just have this many details but if you want to know more, you need to be with us and we will be soon back. Till then read our further articles.