• Landmark Cars IPO listing date is set for December 23, 2022
Landmark Cars IPO: The shares of Landmark Cars Limited are going to be listed on BSE and NSE on 23 December 2022 i.e. today. As per the information available on the website of BSE, with effect from Friday, December 23, 2022, the equity shares of Landmark Cars Limited will be listed and accepted for trading on the Exchange in the 'B' list of securities.
According to market experts, the issue is fully priced with a PE multiple of around 28. He said that in the current market situation, it would not be right to expect more from the public issue and expect the IPO to be flat to discounted listing. He said that in the event of a weak market opening, we can list the shares of Landmark Cars at a discount of about 5-7 per cent.
Speaking on the IPO listing of Landmark Cars, Pravesh Gaur, Senior Technical Analyst, Swastika Investmart said, “Landmark Cars Limited (LCL): It is a leading premium automotive retail business in India with dealerships for leading OEMs. The company is also expanding its presence In the after sales segment. Its comprehensive business model captures the entire customer value chain and focuses on expansion of its overall business with experienced promoters and business leadership.
Expecting a fair and discounted listing of Landmark Cars IPO, Pravesh Gaur of Swastika Investmart said, "The issue had received good response from investors both from institutional and retail side, but the current GMP is Rs (-5) from its issue price." Due to heavy competition, and the company still needs to reduce debt. The issue is fully priced with a P/E ratio of around 28. Given the current market conditions, its listing is more than It would not be fair to expect that."
Ravi Singhal, CEO, GCL Securities, said, "Landmark Cars Ltd has a sound business model, but the debt of the company is high. Looking at the current stock market sentiments, we may see Landmark Cars IPO listing at a discounted price." Ravi Singhal of GCL Securities said that the Landmark Cars stock could be listed at a discount of around 5-7 per cent. He said that Landmark Cars share price may open in the range of ₹480 to ₹470 per share.
What does the Landmark Card IPO GMP indicate?
According to market observers, Landmark Cards Ltd shares are available at a discount of ₹5. This means that the gray market is indicating that the Landmark Cars stock may get listed at around ₹500 level.
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