Landmark Cars IPO
Auto Dealership - Listed on 23 December 2022
Landmark Cars IPO listing summary
Landmark Cars (Auto Dealership) closed its IPO window in 2022 and listed on NSE and BSE on 23 December 2022 at an upper band issue price of Rs 506, opening at Rs 458.39 for a listing gain of -9.4% and closing day one at Rs 486 (-4.0% on closing basis). The IPO was subscribed 4.48x overall - QIB 5.42x, HNI/NII 1.92x, Retail 6.40x. The total issue size was Rs 759.6 Cr (Fresh Issue Rs 759.6 Cr, OFS Rs 0 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Landmark Cars IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 45 | +8.89% |
| Day 2 | Rs 45 | +8.89% |
| Day 3 | Rs 35 | +6.92% |
| Day 4 | Rs 32 | +6.32% |
| Day 5 | Rs 20 | +3.95% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Landmark Cars IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Landmark Cars IPO - FAQs
What was the listing gain of Landmark Cars IPO?
Landmark Cars IPO listed at -9.4% versus the upper issue price of Rs 506 on 23 December 2022.
How many times was Landmark Cars IPO subscribed?
Landmark Cars IPO was subscribed 4.48x overall. QIB portion was subscribed 5.42x, HNI / NII 1.92x and Retail 6.40x.
What was the IPO GMP for Landmark Cars?
IPO GMP started at Rs 45 on Day 1 and moved to Rs 20 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.