Landmark Group

Landmark Cars hits new high after weak debut; surges 17% in two days

With last two days' gains, Landmark Cars is now trading 15% higher against its issue price of Rs 506 per share. It has and bounced 34% from its low of Rs 433.20 touched on December 26

Landmarks Cars makes weak debut; stock lists 7% below issue price

Post listing, the stock extended decline and slipped 12 per cent below its issue price to Rs 446.45

Landmark Cars IPO subscribed by 3 times on last day of subscription

The Initial Public Offer (IPO) of automobile dealership chain Landmark Cars got subscribed 3.06 times on the last day of subscription on Thursday, helped by huge interest from institutional buyers. The IPO received bids for 2,46,45,186 shares against 80,41,805 shares on offer, according to NSE data. The category meant for Qualified Institutional Buyers (QIBs) was subscribed 8.71 times, non-institutional investors received 1.32 times subscription and Retail Individual Investors (RIIs) 59 per cent. The IPO of Landmark Cars got subscribed 39 per cent on the second day of offer on Wednesday. It had a fresh issue of up to Rs 150 crore and an offer for sale of up to Rs 402 crore, aggregating up to Rs 552 crore. The company's public offer had a price range of Rs 481-506 a share. Proceeds from fresh issuance will be utilised for payment of debt and general corporate purposes. TPG-backed Landmark Cars is a leading premium automotive retail business in India with dealerships for Mercedes-

Landmark Cars IPO receives 17% subscription on first day of offer

The initial public offer of automobile dealership chain Landmark Cars received 17 per cent subscription on the first day of offer on Tuesday. The IPO received bids for 14,04,383 shares against 80,41,805 shares on offer, as per data available with the NSE. The category meant for non-institutional investors received 39 per cent subscription, while Retail Individual Investors (RIIs) got subscribed 17 per cent. The Initial Public Offer (IPO) has a fresh issue of up to Rs 150 crore and an offer for sale of up to Rs 402 crore aggregating up to Rs 552 crore. The IPO has a price range of Rs 481-506 a share. Proceeds from fresh issuance will be utilised for payment of debt and general corporate purposes. TPG-backed Landmark Cars is a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault. Shares of the firm will be listed on the BSE and NSE. Axis Capital and ICICI Securities are the managers to the offer.

Auto dealership chain Landmark Cars IPO to open from December 13-15

Automobile dealership chain Landmark Cars Ltd on Thursday said it has fixed a price band of Rs 481-506 per share for its Rs 552 crore initial share-sale that opens for public subscription on December 13. The three-day initial public offering (IPO) will conclude on December 15 and the bidding for anchor investors will open on December 12, the company said in a statement. The public issue consists of a fresh issue of equity shares aggregating to Rs 150 crore and an Offer-For-Sale (OFS) of up to Rs 402 crore. Those selling shares through the OFS route are -- TPG Growth II SF PTE Ltd, Sanjay Karsandas Thakker HUF, Aastha Limited and Garima Misra. Proceeds from its fresh issuance worth Rs 120 crore will be utilised for payment of debt and general corporate purposes. Half of the issue size has been reserved for qualified institutional investors, 35 per cent for the retail investors and the remaining 15 per cent for non-institutional investors. Investors can bid for a minimum of 29 equi

Landmark group appoints Rajeev Krishnan as MD of Max Hypermarkets

Rajeev Krishnan has over taken from outgoing Managing Director, Viney Singh from August 1, 2016