Landmark Cars IPO
Landmark Cars Limited (LANDMARK) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 23 December 2022.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -2.0% (likely range -7% to +11%), day's high +4.2%, chance of a gain 33%. Actual: -6.9% at the open, -4.9% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 22,91,061 | 1,99,62,817 | 8.71x | |
| NII (HNI) total | 17,18,295 | 22,63,044 | 1.32x | |
| Big NII (above ₹10 lakh) | 11,45,530 | 18,16,676 | 1.59x | |
| Small NII (₹2-10 lakh) | 5,72,765 | 4,46,368 | 0.78x | |
| Retail | 40,09,355 | 23,52,393 | 0.59x | |
| Employees | 23,094 | 67,657 | 2.93x | |
| Total | 80,41,805 | 2,46,45,911 | 3.06x |
Bids on NSE and BSE together, as published by NSE, as of 15 Dec 2022, 07:00 PM. Shares offered exclude the anchor portion. 8% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Landmark Cars's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Fusion Micro FinanceNov 2022 | 8.59x | 1.38x | 0.51x | 2.95x | ₹1,115 Cr | -2.3% | -0.9% |
| Varroc EngineeringJun 2018 | 9.16x | 2.45x | 0.95x | 3.59x | ₹1,955 Cr | +5.0% | +9.8% |
| Metro BrandsDec 2021 | 8.49x | 3.02x | 1.13x | 3.64x | ₹1,368 Cr | -12.6% | +1.6% |
| L&T Technology ServicesSep 2016 | 5.01x | 1.03x | 1.75x | 2.53x | ₹894 Cr | +7.0% | +8.3% |
| Vijaya Diagnostic CentreSep 2021 | 13.1x | 1.32x | 1.09x | 4.54x | ₹1,895 Cr | +1.7% | +22.0% |
| Varun BeveragesOct 2016 | 4.94x | 0.42x | 0.82x | 1.86x | ₹1,112 Cr | -3.4% | +6.0% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Axis Capital | 107 | +20.4% | 73% |
| ICICI Securities | 109 | +21.3% | 69% |
Offer documents (NSE)
Frequently asked
What is the Landmark Cars IPO price band and lot size? ₹481–506 per share, with a lot of 29 shares, so the smallest retail bid is ₹14,674.
How many times has it been subscribed? 3.06x overall: QIB 8.71x, NII 1.32x, retail 0.59x, employees 2.93x.
How did it list? It opened at ₹471, -6.9% against the issue price of ₹506, and closed its first day -9.4%.
