Landmark Immigration Consultants Limited, a well-established provider of Global Education Consultancy (GEC) and Immigration Consultancy (IC) services, is set to launch its Initial Public Offering (IPO) to raise a total of ₹ 40.32 Crores. The IPO opens on January 16, 2025, and closes on January 20, 2025. This offering is a Book Built Issue, with a Fresh Issue of 56.00 Lakh shares at a price band of ₹ 70 to ₹ 72 per share.

Company Overview and Services
Landmark Immigration Consultants offers a range of services to students aspiring to study abroad, particularly in Canada, through its Global Education Consultancy. Additionally, the company provides Immigration Consultancy services, assisting individuals with Tourist/Business Visas and applications for Permanent Residency (PR) in various countries. This diverse portfolio positions the company as a leading player in the education and immigration sectors.

IPO Details
The market capitalization of Landmark Immigration Consultants at the upper price band of ₹ 72 per share will be ₹ 148.39 Crores. The IPO includes a lot size of 1,600 shares, with retail investors needing to invest a minimum of ₹ 1,15,200. High-Net-Worth Individuals (HNIs) are required to invest in 2 lots (3,200 shares), totaling ₹ 2,30,400. The company is aiming to enhance its global footprint by utilizing the IPO funds for expansion initiatives, including new branch setups and advertisement for brand visibility.

Grey Market Premium (GMP)
The Grey Market Premium (GMP) for Landmark Immigration Consultants IPO shows an expected gain of ₹ 13 (around 18.05%) based on market expectations. However, the GMP is not a reliable indicator and may not accurately predict the listing price, as it reflects unorganized market trends. Investors should take caution before making decisions based on the GMP.

Live Subscription and Anchor Investors Report
As of January 16, 2025, Landmark Immigration IPO is subscribed 0.35 times on its first day of subscription. Additionally, the company raised ₹ 6.10 Crores from Anchor Investors, allocating 8,48,000 equity shares to them. This indicates a good level of interest from institutional investors, which may positively affect the IPO's performance once it is listed on the BSE SME segment.

IPO Allotment Status and Procedures
The IPO allotment date is set for January 21, 2025, and investors can check their allotment status through the registrar’s website. To check the allotment status, investors need to enter details such as their application number, PAN, or DP Client ID.

Financial Performance and Valuation
Landmark Immigration Consultants has shown steady revenue growth, with revenues from operations reaching ₹ 1,924.81 Lakh in the first half of FY2024. The company's EBITDA for the same period was ₹ 793.38 Lakh, while the Profit After Tax (PAT) was ₹ 540.12 Lakh, indicating robust financial health.

The company's pre-issue EPS stands at ₹ 7.41, and the post-issue EPS will be ₹ 5.39. With a P/E ratio of 9.72x, the company’s IPO is priced attractively compared to the industry P/E ratio of 27x. These financial metrics suggest that the IPO is reasonably priced, making it an appealing option for investors looking for a listing gain.

IPO Use of Proceeds
Landmark Immigration Consultants intends to use the net proceeds of the IPO for several growth initiatives, including:

1. ₹ 1,101.10 Lakh for setting up new branches.
2. ₹ 1,395.00 Lakh for advertisement and marketing to enhance brand awareness.
3. ₹ 960.00 Lakh for pursuing inorganic growth through acquisitions.
4. The remaining funds will be used for general corporate purposes.

Given the company’s strong financial performance and expansion plans, we recommend that risky investors apply for the Landmark Immigration Consultants IPO for listing gains.

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

The Current active IPO are  Stallion India, Land Immigration, Kabra Jewels and Rikhav Securities.

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