Landmark Cars IPO 2022: Dates, ₹506 Price, Listing

Why Landmark Cars’ IPO timeline still matters

Landmark Cars’ IPO is a useful reference point for investors tracking how a consumer discretionary and retail-facing auto dealership business came to the market and how the stock behaved after listing. 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. While the core IPO milestones were widely tracked in December 2022, later market snapshots in 2025 and 2026 show how the stock traded well beyond its debut.

IPO bidding window: 13–15 December 2022

Across published schedules, Landmark Cars IPO bidding opened on 13 December 2022 and closed on 15 December 2022. These dates were consistently cited as the subscription window for the book-built issue. On the final day of bidding, one reported data point put subscription at 3.06 times as of 7:00 p.m. on 15 December 2022. That subscription snapshot became one of the most repeated indicators of demand heading into allotment and listing.

Basis of allotment: 20 December 2022

The basis of allotment was expected and reported as being finalised on 20 December 2022. This allotment milestone sits between the close of bidding and the eventual listing. For many retail investors, the allotment date is the first practical checkpoint after applying, because it determines whether shares are credited and how many.

Price band and final issue price

The IPO price band was published as ₹481 to ₹506 per share. Multiple sources summarising the final pricing also presented the issue price as ₹506 per share. With the issue price aligned to the top of the band in those summaries, post-listing comparisons were naturally anchored to ₹506.

Listing day: NSE and BSE on 23 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. After listing, market participants could track price discovery across both exchanges using the same listing date.

Listing prints showed a discount to the offer price

Listing-day pricing was reported in more than one form. One snapshot stated the stock listed at ₹471 on NSE. 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 prints indicate the stock debuted below the IPO issue price, though the exact first-trade print differed across trackers and snapshots.

Company snapshot: business and positioning

Landmark Cars Limited engages in the automotive retail business in India. It provides dealership services for multiple brands including Honda, Mercedes-Benz, Renault, Jeep, Volkswagen, Ashok Leyland, BYD, MG Motors, Mahindra & Mahindra, Citroen, and Kia. The company also offers car accessories. In one market classification snapshot, Landmark Cars Ltd., incorporated in 2006, was described as a Small Cap company operating in the Retail sector, with a market cap of ₹1,555.35 crore at the time of that data.

Key IPO facts table

Post-listing trading snapshots (2025–2026)

Later market data points show the stock moving through different price zones after listing. On 10 July 2026, Landmark Cars was reported at ₹420.00, down 2.13% versus its previous close of ₹429.15, and trading in a range of ₹433.75 and ₹420.00. Another snapshot dated 13 July 2026 showed ₹422.90, down 0.26%, with a day range of ₹419.75 to ₹432.95.

A further 13 July 2026 update reported ₹425.60, up 0.27%, alongside an open of ₹420.05 and previous close of ₹424.00. Separately, a historical price summary listed a current share price of ₹418.80, a 52-week high of ₹662.80, and a 52-week low of ₹339.50. These snapshots collectively underline that investors were tracking both short-term intraday ranges and broader 52-week levels.

Market Impact: what the numbers say

The immediate market impact around the IPO was visible in two places: subscription and listing. The reported 3.06x subscription as of the close of bidding offered a clear, quantified demand signal into allotment. On listing, reported debut prices of ₹471 and ₹460.05 against an issue price of ₹506 pointed to a discount at debut, and one tracker quantified this as a -6.92% listing gain.

In later periods, the market impact is best reflected through traded prices and valuation snapshots. One dataset listed Landmark Cars at ₹469.20 with a market cap of ₹1,938.69 crore, P/E of 60.45, EPS of ₹4.04, book value of ₹67.10, dividend yield of 0.11%, volume of 1,285k, and EV/EBITDA of 2.37. Another snapshot showed an adjusted P/E of 65.40. These figures indicate that, well after listing, the stock continued to be tracked through both price action and standard valuation ratios.

Analysis: reading the IPO and the later tape together

The Landmark Cars IPO timeline is tightly defined, with bidding from 13 to 15 December 2022, allotment finalisation reported on 20 December, and listing on 23 December on both NSE and BSE. That structure matters because it sets a clean sequence for investors to compare subscription, pricing, and early trading outcomes. The price band of ₹481 to ₹506 and the repeated reference to ₹506 as the issue price make the listing discount straightforward to measure.

The later trading snapshots add context without changing the core IPO story. Prices reported around ₹420 in July 2026, a 52-week range of ₹339.50 to ₹662.80, and multiple intraday ranges show a stock that remained actively observed across both near-term and longer-term horizons. Meanwhile, market-cap and valuation datapoints such as ₹1,555.35 crore and ₹1,938.69 crore, alongside P/E readings around 60-plus, provide concrete reference points used by market participants when comparing the stock with other consumer discretionary and retail names.

Conclusion

Landmark Cars’ IPO was priced in a ₹481-₹506 band with an issue price cited at ₹506, drew a reported 3.06x subscription snapshot on the final bidding day, and listed on NSE and BSE on 23 December 2022. Listing-day prints reported by trackers showed the stock debuting below the offer price. Subsequent snapshots from 2025 and 2026, including ₹420-level trading and a 52-week high-low range of ₹662.80 to ₹339.50, show how the stock continued to be monitored long after the IPO milestones were completed.