The initial public offer (IPO) of Landmark Cars is opening on Tuesday, December 13 and will conclude on December 15.
The company aims to raise Rs 552 crore from its public offer out of which Rs 402 crore is reserved for offer for sale. The auto company has fixed IPO price band at Rs 481 to Rs 506 per share. Investors who want to invest in Landmark Cars IPO can apply for 29 shares in a lot.
Landmark Cars has reserved 50% of the net offer for QIBs whereas 15% is reserved for NII and 35% of the net offer is reserved for retail investors.
Axis Band and ICICI Securities are the book running lead managers (BRLM) of the IPO and Link Intime India Private Ltd has been appointed as official registrar.
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