Landmark Cars IPO kicks off: Check day 1 live subscription details

13 Dec 2022 , 11:43 AM

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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