Landmark Cars IPO: How to Check Allotment Status and GMP
Established in 1998, Landmark Cars is the leading premium automobile retail company in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault serving the commercial vehicle retail business
Most recently, shares in Landmark Cars were trading at a discount of Rs 5 in the gray market, suggesting a muted listing for the company on debut.
The company’s IPO, valued at Rs 552 crore, sold in a range of Rs 481-506 per share and received a mild reaction from investors, with more than three subscriptions between 13th and 15th December.
Quota reserved for qualified institutional buyers (QIBs) was subscribed 8.71 times, while quota reserved for non-institutional investors (NIIs), employees and retailers 1.6 times, 2.93 times and 59% subscribed, respectively became.
Brokerage firms remain mixed on this issue. Some suggest underwriting the issue citing its strong business model and growth prospects, while others suggest avoiding the issue citing high valuations and high debt.
Investors who bid for the issue can check the allotment status on the Bombay Stock Exchange (BSE) website:1) Visit https://www.bseindia.com/investors/appli_check.aspx
2) Under the Issue Type, click Equity
3) Under the issue name, select Landmark Cars Limited in the dropbox
4) Write the application number
5) Add PAN card ID
6) Click I’m not a robot and click Submit.
You can also check the allotment status on Link Intime India online portal
private restricted (https://linkintime.co.in/MIPO/Ipoallotment.html), the registrar for the problem.
The Registrar is a legal entity registered with Sebi that qualifies as such and electronically processes all applications and carries out the allocation process in accordance with the Prospectus.
The Registrar is responsible for meeting the deadlines for updating the electronic crediting of Shares to successful applicants, sending and uploading refunds and handling all investor-related questions after the issuance is completed.
1) Go to Link Intime India Private Limited web portal
2) Select the IPO in the dropbox whose name will only be filled in when the allotment is complete
3) You may need to select one of three modes: Application ID, Customer ID, or PAN ID
4) Choose between ASBA and Non-ASBA in Application Type
5) Enter the details of the mode you selected in step 2
6) For security reasons, fill out the Captcha accurately
7) Click Submit
Bidders who failed to receive an allotment at the IPO can see the initialization of the refunds on December 21st and those who would be allotted shares can see the crediting of shares to the Demat account by December 22nd. The counter can be listed until December 23rd.
https://economictimes.indiatimes.com/markets/ipos/fpos/landmark-cars-ipo-heres-how-to-check-allotment-status-gmp/articleshow/96366508.cms Landmark Cars IPO: How to Check Allotment Status and GMP