Landmark Cars, opened for subscription on December 13. The issue has received muted response from the investors, as was subscribed only times by 11:30 AM in December 15. Click here to subscribe the IPO
The issue receive bids for 34,34,992 equity shares out of 80,41,805 shares on offer, according to data from the BSE. The employee portion was subscribed 2.32 times. The retail investors' portion was subscribed 0.87 times. The non-institutional investors' portion was subscribed 0.84 times. The portion set aside for qualified institutional buyers was subscribed 0.09 times on the third day.
On Monday, the company raised Rs 165 crore from anchor investors. It includes Goldman Sachs, PineBridge Global Funds, BNP Paribas, Morgan Stanley Asia (Singapore) Pte, and Elara India Opportunities Fund.
Axis Capital Limited and ICICI Securities Limited are the book running lead managers. Link Intime Pvt Ltd is the registrar to the IPO.
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The US Federal committee's meeting will conclude on March 16, 2022.
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