Landmark Cars Ltd |
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| Initial public offering of 10,911,160* equity shares of face value of (Rs)5 each ("Equity Shares") of the company for cash at a price of (Rs)506 per equity share (including a share premium of (Rs)501 per equity share) ("Offer Price") aggregating to (Rs)552.00* crores ("Offer"). The offer comprised a fresh issue of 2,966,498* equity shares aggregating to (Rs)150.00* crores ("Fresh Issue") and an offer for sale of 7,944,662* equity shares ("Offered Shares") aggregating to (Rs)402.00* crores, comprising of 6,422,924* equity shares aggregating to (Rs)325.00* crores by TPG Growth ii SF Pte. Ltd., 197,628* equity shares aggregating to (Rs)10.00* crores by Sanjay Karsandas Thakker huf, 1,225,296* equity shares aggregating to (Rs)62.00* crores by Aastha Limited and 98,814* equity shares aggregating to (Rs)5.00* crores by Garima Misra (TPG Growth ii SF Pte. Ltd., Sanjay Karsandas Thakker huf, Aastha Limited and Garima Misra are collectively referred to as the "Selling Shareholders", and each individually, as a "Selling Shareholder" and such offer for sale of equity shares by the selling shareholders, the "Offer for Sale").
The offer included a reservation of 21,834* equity shares aggregating to
(Rs)1.00* crores (constituting up to 0.06 % of the post-offer paid-up equity share capital of the company) for subscription by eligible employees (the "Employee Reservation Portion"). The company and the selling shareholders, in consultation with the brlms, offered a discount of 9.49% to eligible employees bidding in the employee reservation portion ("Employee Discount"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute 27.56% and 27.50%, respectively, of the post-offer paid-up equity share capital of the company, respectively.
*Subject to finalisation of the basis of allotment.
Bids can be made for a minimum of 29 equity shares and in multiples of 29 equity share thereafter.
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| Issue |
Money Payable On |
| Opened On |
Closed On |
Offer Price |
Application Money |
Allotment Money |
| 13-Dec-22 |
15-Dec-22 |
( )506.00 |
( )506.00 |
( )0.00 |
| Minimum Application for shares in Nos :29 Further Multiples of :29 |
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( Cr) |
Lead Managers to the Issue |
| Project Cost |
139.11 |
| Axis Capital Ltd | | ICICI Securities Ltd |
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| Project Financed through Current Offer |
552.00 |
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| Post Issue Equity Share Capital |
19.80 |
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| Face Value |
5 |
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| Issue Price |
( )506.00 |
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