The Landmark Immigration Consultants IPO offers a fresh issue of 56.00 Lakh shares with an expected price band of ₹70 to ₹72 per share. The IPO is open for subscription from January 16, 2025, to January 20, 2025, with a tentative listing on BSE SME scheduled for January 23, 2025. This IPO comes at a time when Landmark Immigration Consultants is positioning itself as a key player in Global Education Consultancy (GEC) and Immigration Consultancy (IC), mainly targeting the Canadian market.

IPO Subscription Status and Expected Listing Price

As of January 20, 2025, the Landmark Immigration Consultants IPO is subscribed 14.82 times on its final day of the subscription period, indicating strong investor interest. The company expects a listing price higher than the IPO price range, with a Grey Market Premium (GMP) of ₹13, suggesting an expected listing price of ₹85, marking a potential listing gain of around 18.05%. Investors should keep an eye on Landmark Immigration Consultants IPO live subscription status at BSE for real-time updates on this dynamic IPO.

Landmark Immigration Consultants IPO Objectives

The primary objective of the IPO is to raise funds for capital expenditure to set up new branches, advertising to enhance the brand's visibility, and acquisitions for inorganic growth. A portion of the funds will also be allocated for general corporate purposes. The company’s financials show a steady growth trajectory with an EBITDA of ₹793.38 Lakh for the period ended September 30, 2024. The pre-issue P/E ratio stands at 9.72x, while the post-issue P/E ratio is 13.35x, significantly lower than the industry average of 27x, suggesting the IPO is fairly priced.

Allotment and Anchor Investors

The IPO allotment process will be finalized by January 21, 2025, with investors able to check their allotment status on the KFIN Technologies website. In addition, Landmark Immigration Consultants has raised ₹6.10 Crores from Anchor Investors at ₹72 per share. The Anchor Investors received 8,48,000 equity shares as part of the IPO.

How to Check Landmark Immigration Consultants IPO Allotment Status?

Investors who applied for the Landmark Immigration Consultants IPO can check the allotment status by visiting the registrar’s website. Follow these steps:

• Navigate to the IPO allotment status page.
• Select Landmark Immigration Consultants IPO from the dropdown list of IPOs.
• Enter your application number, PAN, or DP Client ID to access the allotment status.

Conclusion and Investment Recommendation

Considering the financial performance and steady growth of Landmark Immigration Consultants, the IPO is a promising investment opportunity for risk-tolerant investors. The company’s return ratios such as ROCE, ROE, and RoNW for FY24 are impressive, making this IPO attractive for investors looking for short-term listing gains.

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