Landmark Cars IPO: GMP, Subscription Status, Other Details. Apply or not?

Landmark Cars IPO: GMP, Subscription Status, Other Details. Apply or not?

Landmark Cars IPO: Landmark Cars Limited’s Initial Public Offering (IPO) will hit the primary markets today and will be open to subscribed bidders for the public offering till December 15, 2022. The auto dealer aims to raise Rs 552 crore from its public. Of this, ₹402 crore is earmarked for OFS (Offer for Sale). The auto company has fixed the IPO price of Landmark Cars at ₹481 to ₹506 per share.

Meanwhile, shares of Landmark Cars Ltd are available in the gray market. According to market watchers, shares of Landmark Cars Limited are available at a premium of ₹31 in the gray market today.

Here we list important landmark cars IPO details in 10 points:

1] Landmark Cars IPO: Shares of Landmark Cars are available in the gray market today at a premium of ₹31, which means Landmark Cars IPO GMP is ₹31 today.
2] Landmark Cars IPO Price: The auto dealer has set the IPO price at ₹481 to ₹506 each.

3] Landmark Cars IPO Subscription Level: As of 12:14 pm on the first day of auction, the public issue was subscribed 0.04 times, whereas its retail portion was subscribed 0.07 times.

4] Landmark Cars IPO size: The auto dealer aims to raise ₹552 crore from this public offering. Of the ₹552 crore, ₹402 crore has been earmarked for OFS, while ₹150 crore has been targeted through issuance of new shares.
5] Landmark Cars IPO Lot Size: A bidder can apply for an IPO with a maximum lot size of 29 Landmark Cars shares in a public issue.

6] Landmark Cars IPO Application Limit: . A retail investor can apply for a minimum of one lot per IPO and a maximum of 13 per IPO.