Landmark Immigration Consultants IPO subscribed 5.97 times on Day 2. Check GMP and other details
Team Finance Saathi
17/Jan/2025

What's covered under the article:
- Landmark Immigration Consultants IPO opens with a price band of ₹70 to ₹72 and offers 56 lakh shares.
- The IPO has received strong demand with over 5 times subscription as of its second day.
- Find out how to check allotment status and expected listing gains for Landmark Immigration Consultants IPO.
Landmark Immigration Consultants IPO 2025 has been generating significant attention in the market as investors eagerly anticipate its opening. The IPO, offering 56 lakh shares, is set to open with a price band of ₹70 to ₹72 per share. With a market capitalization of ₹148.39 crores at the upper price band, this IPO promises to provide substantial investment opportunities for retail and institutional investors alike.
What Makes Landmark Immigration Consultants Stand Out?
Landmark Immigration Consultants is a well-established name in the global consultancy space, offering services related to Global Education Consultancy (GEC) and Immigration Consultancy (IC). Their expertise in guiding students pursuing higher education abroad, especially in Canada, and assisting clients with visa applications and Permanent Residency (PR) procedures in various countries, makes them a standout in the market. Their dual approach to education and immigration services ensures they cover a broad spectrum of global consultancy needs.
Financial Performance and Growth Potential
The financial performance of Landmark Immigration Consultants has seen steady growth, with the Revenues from operations for the period ending September 30, 2024, reaching ₹1,924.81 Lakh. For the fiscal years 2023 and 2022, the revenues were ₹3,707.03 Lakh and ₹2,162.62 Lakh, respectively. With an EBITDA of ₹793.38 Lakh for FY2024, and a Profit After Tax (PAT) of ₹540.12 Lakh for the same period, Landmark Immigration Consultants has demonstrated consistent profitability.
The company’s pre-issue EPS stands at ₹7.41, with a post-issue EPS projected to be ₹5.39. The P/E ratio of 9.72x before the issue and 13.35x post-issue indicates the IPO is priced attractively when compared to the industry average of 27x. This is a clear signal to investors that the IPO is well-positioned for growth.
IPO Subscription and Grey Market Premium (GMP)
As of January 17, 2025, the Landmark Immigration Consultants IPO has been subscribed 5.97 times, which showcases the strong interest among investors. The Grey Market Premium (GMP) for the IPO is ₹13, which translates to a potential listing gain of 18.05%. This indicates that investors can expect an upward movement in the stock price post-listing.
Allotment and Listing Date
The allotment for Landmark Immigration Consultants IPO is expected to be finalized on January 21, 2025, with the listing date scheduled for January 23, 2025 on the BSE SME platform. Investors who applied for the IPO can check their allotment status by visiting the registrar's website after the allotment date.
How to Check Allotment Status:
- Visit the registrar's allotment status page.
- Select Landmark Immigration Consultants IPO from the dropdown list.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
Company Objectives for the IPO Funds
Landmark Immigration Consultants plans to utilize the proceeds from the IPO for various purposes, including capital expenditure for setting up new branches, advertisement expenses to enhance brand visibility, and inorganic growth initiatives through acquisitions. These strategies are expected to fuel the company's expansion and long-term growth.
For investors seeking listing gains, Landmark Immigration Consultants offers a promising investment opportunity with its solid financial performance and robust growth strategies.
If you’re considering investing in Landmark Immigration Consultants IPO, ensure you stay updated with all the latest IPO news, including subscription status, Grey Market Premium, and listing dates. The company’s strong fundamentals and the potential for growth make this IPO one worth keeping an eye on.
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