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FAME III: An impassioned plea for continued support came from vehicle OEMs, component makers and others involved in the EV ecosystem. Most industry players believe withdrawal of incentives would kill demand generation since price parity between electric and ICE vehicles is anyway a dream.
Landmark Cars IPO’s quota reserved for RIIs attracted bids for 16,77,737 shares, which was 17% of the 40,09,355 shares reserved for the category. The quota reserved for NIIs was subscribed 87% while that for QIBs by 9%
Landmark Cars IPO: The public issue consisted of a fresh issue of equity shares aggregating to Rs 150 crore and an offer-for-sale (OFS) of up to Rs 402 crore.
Landmark Cars IPO is asking a valuation of 28 times FY22 earnings per share at the upper end of the price band Rs 481-506. Analysts said the IPO is a play on premium, luxury car sales in the domestic market
Landmark Cars is engaged in premium automotive retail business with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault