Landmark Cars IPO GMP History
Landmark Cars IPO has been listed on December 23, 2022 at a listing price of ₹471, against the issue price of ₹506 — a loss of ₹35 (-6.92%). The GMP peaked at ₹55 on 9 December 2022 and reached a low of ₹20 on 15 December 2022. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Landmark Cars IPO raised ₹552 Cr. through its IPO at a price band of ₹481 to ₹506 per share, with a lot size of 29 shares. The IPO was open for subscription from 13 Dec 2022 to 15 Dec 2022.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 11:41 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 15 Dec 2022 | ₹ 20 | ▼ | 4% | — | — |
| 14 Dec 2022 | ₹ 32 | ▼ | 6% | — | — |
| 13 Dec 2022 | ₹ 35 | ▼ | 7% | — | — |
| 12 Dec 2022 | ₹ 45 | — | 9% | — | — |
| 10 Dec 2022 | ₹ 45 | ▼ | 9% | — | — |
| 09 Dec 2022 | ₹ 55 | — | 11% | — | — |
Landmark Cars IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 13 Dec 2022
- Close 15 Dec 2022
- Allotment 20 Dec 2022
- Refund/credit 21 Dec 2022
- Listing 23 Dec 2022
Landmark Cars IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹506 |
|---|---|
| GMP-based estimate (pre-listing) | ₹526 (+4%) |
| Listing gain / loss | −₹35 per share |
| Listing date | 23 Dec, 2022 |
| Actual listing price | ₹471 (-6.92%) |
Is Landmark Cars IPO GMP reliable?
Grey market premium for Landmark Cars IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Landmark Cars IPO full review for a fundamentals-based assessment before making any grey market trades.
Landmark Cars IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Landmark Cars IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Landmark Cars IPO
Landmark Cars Limited was incorporated as Landmark Insurance Broking Private Limited in Mumbai on 23 February 2006. It is a leading premium automotive retail business in India.
It holds dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault, and a commercial vehicle dealership for Ashok Leyland. It covers the retail value chain, from new vehicle sales and after-sales service and spares to pre-owned cars and third-party finance and insurance.
On 30 June 2022 it had 112 outlets in 8 states and union territories, made up of 59 sales showrooms and outlets and 53 after-sales service and spares outlets.
The IPO was Rs 552 crore, with Rs 150.08 crore of fresh issue and Rs 401.92 crore of offer for sale, mostly by TPG Growth II SF. Rs 120.00 crore of the fresh money was planned for prepaying subsidiary borrowings.
Frequently asked
What is the GMP of Landmark Cars IPO?
The current Grey Market Premium (GMP) of Landmark Cars IPO is ₹ 20.
What is the Kostak Price of Landmark Cars IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Landmark Cars IPO is not available.
What is the Subject to Sauda Price of Landmark Cars IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Landmark Cars IPO?
Landmark Cars IPO listed on December 23, 2022 at ₹471, against the issue price of ₹506 — a loss of -6.92%.
How did the GMP of Landmark Cars IPO trend before listing?
The GMP of Landmark Cars IPO was falling in its final days before listing. The GMP peaked at ₹55 on 9 December 2022. View the day-wise table above for the complete GMP history.
Explore Landmark Cars IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
