Landmark vehicles IPO: here's how to assess allotment repute & GMP

NEW DELHI: Landmark automobiles constrained (LCL), whose initial public offering (IPO) obtained a robust response right through the three-day bidding process, is probably going to announce its allotment reputation on Tuesday, December 20.

included in 1998, Landmark vehicles is the leading top rate car retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault caters the business vehicle retail business of

.

ultimate heard, the shares of Landmark automobiles had been buying and selling at a reduction Rs 5 within the grey market, hinting for a muted record of the business at debut.

The business's Rs 552-crore IPO become sold within the range of Rs 481-506 per share, and acquired a delicate investor response, getting a subscription of greater than 3 times between December 13-15.

The quota reserved for qualified institutional buyers (QIBs) become subscribed eight.seventy one times whereas the one reserved for non-institutional investors (NIIs), personnel and agents was subscribed 1.6 times, 2.93 instances and fifty nine%, respectively.

Brokerage establishments remain combined on the issue. a number of indicate subscribing to the subject citing its amazing business model and growth possibilities, whereas others suggest fending off the situation citing prosperous valuations and excessive debt.

traders, who had bid for the subject, can assess the allotment popularity on the Bombay stock trade (BSE) site: 1) consult with https://www.bseindia.com/traders/appli_check.aspx

2) beneath the concern type, click on fairness

three) under the situation identify, choose Landmark cars confined in the dropbox

four) Write the utility number

5) Add the PAN card id

6) click on 'i am not a robotic' and hit publish

you can also verify the allotment reputation on the on-line portal of hyperlink Intime India

inner most confined ( https://linkintime.co.in/MIPO/Ipoallotment.html), the registrar to the concern.

The registrar is a Sebi-registered entity, certified to act as such and which electronically techniques all functions, and carries out the allotment system as per the prospectus.

The registrar is chargeable for complying with the timelines for updating the electronic credit score of shares to a hit applicants, dispatch, and importing of refunds, and attending to all investor-linked queries after the subject is accomplished.

1) Go to the internet portal of hyperlink Intime India inner most limited

2) choose the IPO in dropbox whose identify can be populated best if the allotment is finalised

three) You may well be required to opt for either one of the three modes: software quantity, customer identification or PAN identity

four) In utility classification, choose between ASBA and non-ASBA

5) Enter the particulars of the mode you chosen in Step 2

6) For protection purposes, fill the captcha accurately

7) Hit publish

Bidders who couldn't get allotment in the IPO may additionally see the initialisation of refunds on December 21 and people, who would be allotted shares may additionally see the credit score of shares within the demat account by means of December 22. The counter might also get listed via December 23.

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