Landmark Cars shares made a muted debut on the stock market on Friday and the shares listed at Rs 471 on NSE and Rs 471.30 on BSE. The stock closes at Rs 458.40 on NSE, i.e., 9.41% lower the issue price of Rs 506.
The company sold IPO from December 13 to December 15 and comprised a fresh issue of shares up to Rs 150 crore and an offer for sale of up to Rs 402 crore, aggregating Rs 552 crore.
As per BSE Data, portion allotted for the qualified institutional buyers (QIBs) was subscribed 8.71 times, while that for non-institutional investors was subscribed 1.32 times and that of retail individual investors (RIIs) was subscribed just 0.59 times.
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