Landmark Cars IPO 2022: Dates, Price Band, Listing

Why the Landmark Cars IPO drew attention

Landmark Cars Limited came to the primary market in December 2022 with a book-built IPO that was positioned as an automotive retail play. The issue was scheduled to list on both the NSE and BSE, giving investors a clear, exchange-wide route to track price discovery post listing. Multiple IPO trackers published a tight timeline, from opening of bids to allotment, refunds, demat credits, and listing day. The offer also came with widely-circulated details such as a defined lot size, a fixed price band, and a stated issue size.

For investors, the practical questions were straightforward: the exact bidding dates, the price band and application size, how and when allotment results would be published, and the listing day outcome versus the issue price. Those are the details that shaped participation during the three-day window and the immediate post-listing narrative.

Key dates: bidding window, allotment, and listing

Across published schedules, Landmark Cars IPO bidding opened on 13 December 2022 and closed on 15 December 2022. The basis of allotment was expected and reported as being finalised on 20 December 2022. Refund initiation was pegged to 21 December 2022 for unsuccessful applicants, while the credit of allotted shares to demat accounts was indicated for 22 December 2022.

The equity shares were proposed to be listed and ultimately listed on NSE and BSE on 23 December 2022. Several trackers referred to the listing date as “tentative” ahead of the event, but consistently pointed to 23 December as the expected listing day. These dates formed the standard IPO workflow that investors followed across ASBA and non-ASBA routes.

Price band, issue price, and face value

The IPO price band was published as ₹481 to ₹506 per share. The issue price was also presented as ₹506 per share by multiple sources summarising the final pricing. One description stated the face value as ₹5 per equity share, while another line referenced a face value of ₹10. Since both figures appear in the provided information, investors typically cross-check the final RHP for the confirmed face value used in the issue documents.

What remained consistent in trackers was the actionable range for bidding: applicants could place bids within the ₹481 to ₹506 band during the subscription period.

Lot size and retail application limits

The IPO lot size was set at 29 shares and the minimum order quantity was repeated as 29 shares. Retail participation limits were also described: retail investors could apply for a minimum of 1 lot and up to 13 lots, which was stated as 377 shares in total.

Some trackers also displayed a minimum application value example as ₹14,674 for 29 shares, aligning with the lot size shown alongside a rupee amount. Investors typically use these figures to estimate blocked funds and to plan multiple-lot applications within category limits.

Issue size and structure: fresh issue plus OFS

The Landmark Cars IPO issue size was stated as ₹552 crore. The structure was also specified: it included a fresh issue of ₹150 crore and an offer for sale (OFS) of ₹402 crore by selling shareholders.

This split mattered because the fresh issue component generally supports the company’s balance sheet or corporate purposes, while the OFS is a secondary sale. In this case, the reported mix clearly showed that a large portion of the issue size was attributed to selling shareholders via OFS.

Subscription: what the numbers showed by close

IPO trackers reported that the issue received a relatively measured response. One data point stated the IPO was subscribed 3.06 times as of 7:00 p.m. on 15 December 2022, the last day of bidding. Another update described a subdued start, with the overall issue subscribed 0.04 times by 12:14 PM on day 1, while the retail portion was subscribed 0.07 times at that time.

A separate snapshot said the IPO had subscribed 17% on its debut day, with bids for 14.04 lakh shares against an offer size of 80.41 lakh shares. These figures together captured the arc from slow early bidding to a higher cumulative subscription by the close.

Allotment and refund process: where investors checked status

The allotment finalisation was placed on 20 December 2022, with a common instruction that bidders could check status once the basis of allotment was completed. Investors were directed to check allotment status via:

• BSE allotment portal, using issue type (Equity), selecting the issue name, and entering application number and PAN details.
• Link Intime India Private Limited portal, which was named as the registrar, where users could check using application number, client ID, or PAN, and choose ASBA or non-ASBA.

The timeline also noted refunds expected on 21 December 2022 and demat credit by 22 December 2022, which is consistent with the standard post-allotment sequence.

Listing day outcome: offer price versus debut levels

Landmark Cars was listed on 23 December 2022 on NSE and BSE. Listing day pricing was reported in more than one form: one snapshot stated the stock listed at ₹471 on NSE, while another stated it listed at ₹460.05 against the offer price of ₹506.00, and also cited a listing gain of -6.92%.

Taken together, these reported figures indicated a debut below the issue price, with the percentage figure explicitly characterising the listing as negative versus the offer price. Investors typically compare these listing prints to the final issue price to understand the immediate demand-supply balance.

Quick facts table: Landmark Cars IPO details

Trading snapshot later: price, bands, and status (as reported)

A market snapshot dated 27-Apr-2026 16:00:00 IST showed the symbol LANDMARK at ₹418.00, with an additional price point shown as ₹408.60 in the same panel. The same snapshot displayed an upper band of ₹500.85 and lower band of ₹333.95, with a price band (%) of 20. Trading status was shown as Active, and the date of listing was reiterated as 23-Dec-2022.

What to track if you are reviewing this IPO now

For readers analysing Landmark Cars’ IPO history, the clean checkpoints are the price band (₹481 to ₹506), the final issue price (₹506), and the subscription figure (3.06 times as reported by end of day on 15 Dec). The post-issue workflow is also well-defined in the published schedule: allotment on 20 Dec, refunds on 21 Dec, demat credit on 22 Dec, and listing on 23 Dec.

The other important reference point is the listing-day print versus the issue price, where trackers reported levels like ₹471 (NSE) and ₹460.05 against ₹506, alongside a stated -6.92% listing gain figure. Investors typically use these figures as a starting point, then rely on exchange data and company filings for subsequent performance analysis.

Conclusion

Landmark Cars’ December 2022 IPO followed a standard three-day bidding window, a four-step post-close timeline (allotment, refunds, demat credit, listing), and a book-built price band of ₹481 to ₹506 with an issue price of ₹506. The issue size was stated as ₹552 crore, split between a ₹150 crore fresh issue and a ₹402 crore OFS. For investors revisiting the event, the next practical step is to use the registrar portals and exchange records cited in trackers to verify application outcomes and to compare listing-day prices with later trading snapshots.