Landmark Immigration Consultants, a leader in providing Global Education Consultancy (GEC) and Immigration Consultancy (IC), is launching its ₹40.32 Crore IPO to expand its operations and brand visibility. Specializing in assisting students aspiring to study abroad and clients seeking Permanent Residency (PR) in countries like Canada, the company is looking to raise funds for expansion, advertising, and inorganic growth through acquisitions.

IPO Details and Subscription Information

The Landmark Immigration Consultants IPO offers 56.00 Lakh shares at a price band of ₹70 to ₹72 per equity share. At the upper price band of ₹72, the market capitalization of the company stands at ₹148.39 Crores. The lot size for the IPO is 1,600 shares, and retail investors must invest a minimum of ₹1,15,200. High-Net-Worth Individuals (HNIs) are required to invest in 2 lots or 3,200 shares, which amounts to ₹2,30,400.

The subscription period for the IPO opens on January 16, 2025, and closes on January 20, 2025. Allotment is expected on January 21, 2025, and shares will be listed on BSE SME on January 23, 2025.

Grey Market Premium (GMP) and Market Insights

The Grey Market Premium (GMP) for the Landmark Immigration Consultants IPO is ₹13, suggesting an 18.05% potential listing gain. However, GMP should only be viewed as speculative, and real price discovery will occur upon listing on the exchange. GMP is mentioned here purely for informational and educational purposes.

Landmark Immigration Consultants IPO GMP Trend

• 12 January 2025: IPO Price: ₹72, Expected Listing Price: ₹85, GMP: ₹13 (18.05%)
• Date: Last updated on 12 Jan 2025 at 5:00 PM.

Landmark Immigration Consultants IPO Subscription Status

As the subscription opens on January 16, 2025, investors can track the live subscription status on the official BSE website. The subscription status will update regularly, providing real-time data on the level of interest in the IPO.

Anchor Investors Report

Landmark Immigration Consultants raised ₹6.10 Crores from Anchor Investors at the IPO price of ₹72 per share, allocating 8,48,000 equity shares. The details of these investors will be available through the Book Running Lead Managers.

IPO Allotment Status and How to Check

The IPO allotment date is scheduled for January 21, 2025. Investors can check their allotment status by following these steps:

1. Visit the Registrar's website.
2. Choose Landmark Immigration Consultants IPO from the dropdown menu.
3. Enter your application number, PAN, or DP Client ID.
4. Submit to check your allotment status.

This step-by-step guide ensures quick and efficient access to the allotment status.

Objectives of the Landmark Immigration Consultants IPO

The funds raised will be utilized for several strategic objectives:

1. ₹1,101.10 Lakh for capital expenditure in setting up new branches.
2. ₹1,395.00 Lakh for advertising and enhancing brand awareness.
3. ₹960.00 Lakh to pursue inorganic growth initiatives such as acquisitions.
4. Remaining proceeds will be used for general corporate purposes.

Financial Performance and Key Metrics

For the fiscal period ending September 30, 2024, Landmark Immigration Consultants recorded:

• Revenue from operations: ₹1,924.81 Lakh
• EBITDA: ₹793.38 Lakh
• Profit After Tax (PAT): ₹540.12 Lakh

The company’s pre-issue EPS stands at ₹7.41, and the post-issue EPS is expected to be ₹5.39 for FY24. The pre-issue P/E ratio is 9.72x, and the post-issue P/E ratio is 13.35x, compared to the industry P/E ratio of 27x. These strong financials suggest that the IPO is fairly priced.

Landmark Immigration Consultants IPO Review

Landmark Immigration Consultants offers a unique proposition in the growing global consultancy market, helping students make informed educational choices and assisting clients with tourist, business, and Permanent Residency (PR) applications. The company’s experienced management team and solid financial growth make it an attractive offering for risk-tolerant investors.

Given its growth trajectory, reasonable pricing, and strong market performance, the IPO is an appealing investment opportunity for those looking for potential listing gains.

The Upcoming IPOs in this week and coming weeks are  Land Immigration, EMA Partners, Stallion India and Capital Numbers.

The Current active IPO are Kabra Jewels, Rikhav Securities and Laxmi Dental.

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