On the Bombay Stock Exchange (BSE), Landmark Cars’ shares were recently traded at Rs 455.65 at a discount of 9.95% compared to the issue price of Rs 506. The scrip or listed price of Rs 471.30 with a discount of  6.86%. The stock has hit a high of 473.25 and a low of 446.45. Total 0.84 lakh shares of the company were traded today.

• Pacific Atolls Face $10 Billion Challenge from Rising Seas: World Bank
• India and China Set to Shape the Global Economy’s Future
• SarvaGram Raises Rs 565 Crore Funds Through Series D Funding Round 
• PM Modi to Receive Dominica’s Top Honor for COVID Contributions
• Small Companies Driving GPU Access in India

Landmark Cars’ IPO received bids for 2,46,45,911 shares out of 80,41,805 crore shares on offer. The issue was subscribed 3.06 times at a price range of Rs 481-506 per share.

On December 13, the issue opened for bidding and closed on December 15, 2022.

The IPO included new share issues worth up to Rs 150 crore and an offer for sale of Rs 402 crore by existing shareholders.

The company is an automotive retail business in India with dealerships for Honda, Mercedes-Benz, Volkswagen, Jeep and Renault. Also, it has commercial vehicle dealerships with Ashok Leyland in India.

On a consolidated basis, the company reported a net profit of Rs 17.81 crore and sales of Rs 800.27 crore in Q1FY23.