What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Landmark Cars Limited IPO allotment date?

The basis of allotment for Landmark Cars Limited IPO is scheduled to be finalized on 21 Dec 2022.

Where can I check Landmark Cars Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Link Intime India Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 22 Dec 2022.

Landmark Cars Limited

ListedMainboard

Consumer Discretionary · NSE / BSE

Incorporated in 1998, Landmark Cars Limited is one of India’s leading premium automotive retail groups, operating dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen, Renault, and commercial vehicles from Ashok Leyland. The company provides end-to-end services including new car sales, servicing and repairs, spare parts and accessories, pre-owned vehicle sales, and facilitation of third-party finance and insurance products. As of September 30, 2021, Landmark Cars has built a strong presence with 112 outlets—61 sales showrooms and 51 after-sales and service centers—across 31 cities in Maharashtra, Uttar Pradesh, Gujarat, Haryana, Madhya Pradesh, Punjab, West Bengal, and the National Capital Territory of Delhi. Its business model spans the entire customer value chain, offering a complete automotive retail and service experience.

Price Band

₹481 – ₹506

Issue Size

₹552 Cr

Lot Size

29 shares

GMP

₹17

-3.4%

Est. Listing

₹489

at current GMP

Subscribed

3.06x

overall

Open

13 Dec 2022

15 Dec 2022

Allotment

21 Dec 2022

Refund

22 Dec 2022

Demat Credit

23 Dec 2022

Listing

23 Dec 2022

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Landmark Cars Limited Allotment Status

Designated Registrar: Link Intime India Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

21 Dec 2022

Basis finalization

Refunds Initiate

22 Dec 2022

Mandate release

Demat Credit

23 Dec 2022

Shares in demat

Listing Debut

23 Dec 2022

Trading begins

How to Check Landmark Cars Limited IPO Allotment Status

Click the Check on Registrar button above to visit Link Intime India Private Limited's allotment portal.
Select Landmark Cars Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Landmark Cars Limited Public Issue & Market Profile

Landmark Cars Limited is bringing an initial public offering (IPO) in the Consumer Discretionary sector with an aggregate issue size of ₹552 Crores. The shares are offered at a price band of ₹481 to ₹506 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2022-12-15, the basis of allotment is scheduled to be finalized on 2022-12-21. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.