Investors are abuzz with the latest IPO offering by Landmark Immigration Consultants. The Landmark Immigration Consultants IPO has captured attention with its competitive pricing and solid grey market premium (GMP). This IPO aims to raise INR 40.32 crore while offering investors an opportunity to participate in a growing global consultancy business. Let’s break down the key details to help you make an informed decision.
Landmark Immigration Consultants IPO: GMP, Day 1 Subscription Status, Price Band, and Key Details
| Details | Information |
|---|---|
| Issue Type | Book-Built Issue |
| IPO Size | INR 40.32 crore |
| Price Band | INR 70 – INR 72 per share |
| Lot Size | 1,600 shares |
| Minimum Investment Amount | INR 1,15,200 |
| Issue Opens | January 16, 2025 |
| Issue Closes | January 20, 2025 |
| Allotment Date | January 21, 2025 |
| Listing Date | January 23, 2025 |
| Stock Exchange | BSE SME |
Landmark Immigration Consultants IPO Day 1 Subscription Status
As of January 16, 2025, the IPO subscription data shows a promising start:
| Investor Category | Subscription Status |
|---|---|
| Qualified Institutional Buyers (QIBs) | 1.12x |
| Non-Institutional Investors (NIIs) | 0.79x |
| Retail Investors | 2.42x |
The retail category has shown significant interest, reflecting confidence in the company’s future prospects.
Landmark Immigration Consultants IPO GMP
The grey market premium (GMP) for Landmark Immigration Consultants IPO stood at INR 17 as of January 16, 2025. This translates to a 23.61% premium over the upper price band of INR 72, indicating positive sentiment among unlisted market participants. Based on this GMP, the estimated listing price could be INR 89 per share.
Business Overview and Financials
Landmark Immigration Consultants specializes in global education consultancy, offering services such as study-abroad counseling, visa assistance, and immigration consultancy. The company has partnered with over 30 Canadian institutions and operates nine fully-equipped branches across India.
| Financial Metrics | FY23 | H1 FY24 |
|---|---|---|
| Revenue | INR 21.62 crore | INR 19.24 crore |
| Net Profit | INR 4.43 crore | INR 5.4 crore |
| Revenue Growth (YoY) | 71.4% | N/A |
| Net Profit Growth (YoY) | 150.7% | N/A |
Use of IPO Proceeds
The company plans to utilize the IPO proceeds for:
- Setting up new branches.
- Advertising and branding expenses to enhance visibility.
- Pursuing inorganic growth opportunities.
- General corporate purposes.
Important Dates for Investors
| Event | Date |
|---|---|
| IPO Closes | January 20, 2025 |
| Allotment Finalization | January 21, 2025 |
| Refund Initiation | January 22, 2025 |
| Demat Credit | January 22, 2025 |
| Listing Date | January 23, 2025 |
The Landmark Immigration Consultants IPO offers a compelling opportunity to invest in a fast-growing consultancy firm with robust financials and ambitious growth plans. With positive market sentiment and a strong GMP, the IPO is poised to attract investors. Make sure to evaluate the risk and rewards before making your decision. Happy investing!
Frequently Asked Questions (FAQs)
1. What is the GMP for Landmark Immigration Consultants IPO?
The GMP as of January 16, 2025, is INR 17, reflecting a 23.61% premium over the issue price.
2. What is the price band for Landmark Immigration Consultants IPO?
The price band is set between INR 70 and INR 72 per share.
3. When will the shares be allotted?
The allotment date for Landmark Immigration Consultants IPO is January 21, 2025.
4. How can I invest in Landmark Immigration Consultants IPO?
You can apply through your stockbroker or online platforms that support BSE SME IPOs. Ensure you meet the minimum investment requirement of INR 1,15,200 (1,600 shares).
5. What is the expected listing price of the IPO?
Based on the current GMP, the shares are likely to list at INR 89 per share on the BSE SME platform.
