Landmark Cars IPO subscribed 0.12 times by 3:30 pm

13 Dec 2022 , 03:41 PM

Landmark Cars IPO of Rs 552 crore receives cold response from the investors on the day 1 of the subscription. The company is selling 80,41,805 equity shares in the range of Rs 481-506 per share from December 13 to December 15.

As per BSE Data, the quota for retail bidders was booked only 0.13 times , whereas the allocation for non-institutional investors was only 0.27 times bids. However, the portion for qualified institutional bidders was not even off the mark. Click here to apply for Landmark Cars IPO.

On the financial performance front, for the last three fiscals, the company has (on a consolidated basis) posted a turnover/net profit – (loss) of Rs. 2228.93 cr. / Rs. – (28.94) cr. (FY20), Rs. 1966.34 cr. / Rs. 11.15 cr. (FY21), and Rs. 2989.12 cr. / Rs. 66.18 cr. (FY22). For the Q1 of FY23 ended on June 30, 2022, it earned a net profit of Rs. 18.14 cr. on a turnover of Rs. 801.90 cr.

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