The initial public offer (IPO) of Landmark Cars kicked off for subscription on Tuesday, December 13. Investors can apply for 29 shares in a lot at the price of Rs 481-506 per share.
The company has reserved 50% for Qualified institutional buyers (QIBs), whereas 15% of the issue is reserved for non-institutional investors. The remaining 35% portion will be allocated to retail bidders.
Check the live subscription details of Landmark Cars IPO at 11.30 AM on December 13:
Landmark Cars IPO |
No. of shares reserved |
No. of bids received |
No. of times of total meant for the category |
Qualified Institutional Buyers (QIBs) |
22,91,061 |
- |
0.00 |
Non Institutional Investors(NIIs) |
17,18,295 |
13,804 |
0.01 |
Retail Individual Investors (RIIs) |
40,09,355 |
2,32,174 |
0.06 |
Employee Reserved |
23,094 |
5,684 |
0.25 |
Total |
80,41,805 |
2,51,662 |
0.03 |
(Source: BSE website)
The auto dealer company aims to raise ₹552 crore from this public issue. Out of ₹552 crore, ₹402 are reserved for OFS while ₹150 crore is aimed via issuance of fresh shares.
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