Landmark Immigration IPO
- IPO Date16 Jan, 2025 to 20 Jan, 2025
- Listing Date23 Jan, 2025
- Face Value₹10 per share
- Issue Price₹70 to ₹72 per share
- Lot Size1600 Shares
- Minimum Investment₹1,15,200
- Listing AtBSE SME
- Total Issue Size56,00,000 Shares
(aggregating up to ₹40.32 Cr) - Fresh Issue56,00,000 Shares
(aggregating up to ₹40.32 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue1,50,10,000
- Shareholding post issue2,06,10,000
IPO Dates
Closing Date
20 Jan, 2025
Initiation of Refunds
22 Jan, 2025
Listing Date
23 Jan, 2025
16 Jan, 2025
Opening Date
21 Jan, 2025
Basis of Allotment
22 Jan, 2025
Credit of Shares
Landmark Immigration Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| S-HNI (Min) | 2 | 3200 | ₹2,30,400 |
| Retail (Min) | 1 | 1600 | ₹1,15,200 |
| B-HNI (Min) | - | - | - |
| Retail (Max) | 1 | 1600 | ₹1,15,200 |
| S-HNI (Max) | - | - | - |
Landmark Immigration Promoter Holding
Mr. Jasmeet Singh Bhatia and Ms. Richa Arora are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 97.92% | 71.31% |
Landmark Immigration COMPANY INFORMATION
Landmark Immigration IPO is a book built issue of Rs 40.32 crores. The issue is entirely a fresh issue of 56.00 lakh shares. Landmark Immigration IPO opens for subscription on January 16, 2025 and closes on January 20, 2025. The allotment for the Landmark Immigration IPO is expected to be finalized on Tuesday, January 21, 2025. Landmark Immigration IPO will list on BSE SME with tentative listing date fixed as Thursday, January 23, 2025. Landmark Immigration IPO price band is set at ₹70 to ₹72 per share. The minimum lot size for an application is 1600. The minimum amount of investment required by retail investors is ₹1,15,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹2,30,400. Shreni Shares Limited is the book running lead manager of the Landmark Immigration IPO, while Kfin Technologies Limited is the registrar for the issue.The market maker for Landmark Immigration IPO is Shreni Shares Limited.
Incorporated in 2010, Landmark Immigration Consultants is engaged in the business of Global Consultancy Services.
The company offers Global Education Consultancy for students seeking to study abroad and Immigration Consultancy for visas, tourism, business, and permanent residency, primarily in Canada.
The company offers global education and immigration consultancy through 9 fully equipped branches, partnering with over 30 Canadian institutions, with dedicated consultants and training facilities. Company has entered into 3 Franchise Agreements at Jammu, Jind, and Karnal.
Services:
- Global Education Consultancy Services: Education Consultancy, Education Loan Guidance, and Scholarships, Admission application Formalities, Training for Language Proficiency Tests, Study/Schooling Visa.
- Immigration Consultancy Services: Tourist Visa/Business Visa, Permanent Residency Visa.
As of September 30, 2024, the company has around 128 employees on a payroll basis.
Competitive Strengths:
- One-Stop Solution for Visa Consultancy Services
- Certifications and appointments by reputed universities obtained by Promoter and Company
- Dedicated Team of Counsellors
- Experience of the Promoters and senior management team.
Landmark Immigration Consultants IPO
IPO Overview and Key Highlights
Landmark Immigration Consultants, a Chandigarh-based company specializing in overseas education and immigration consulting services, is offering its Initial Public Offering (IPO). The IPO includes a fresh issue of up to 56,00,000 equity shares with a face value of Rs 10 each. The proceeds will be utilized for business expansion, working capital, and other corporate purposes. The shares are proposed to be listed on the BSE SME platform.
Key IPO Details
- Type of Issue: 100% Book Built Issue
- Total Issue Size: 56,00,000 equity shares
- Face Value: Rs 10 per share
- Offer Opens: January 16, 2025
- Offer Closes: January 20, 2025
- Listing Exchange: BSE SME
Company Overview
Founded in 2010 and headquartered in Chandigarh, Landmark Immigration Consultants offers a wide range of services related to overseas education and immigration. The company works closely with universities, colleges, and other academic institutions across several countries. Promoters Jasmeet Singh Bhatia and Richa Arora lead the business with extensive experience in education consulting.
Financial Overview
Landmark Immigration Consultants has demonstrated steady growth, with rising revenue attributed to an increasing number of students seeking overseas education. The IPO proceeds are expected to be invested in operational expansion and marketing efforts to strengthen its brand visibility.
Key Strengths of Landmark Immigration Consultants
- Established Expertise: Over a decade of experience in the overseas education and immigration sector.
- Strong Partnerships: Collaborates with reputed universities and academic institutions worldwide.
- Experienced Leadership: Promoters with a proven track record in education consulting.
IPO Pros and Cons
Pros
- Sectoral Growth: Increasing demand for overseas education and skilled migration services.
- Expansion Opportunities: Funds to enhance market presence and operational capabilities.
- Established Brand: Recognized for providing reliable and professional services.
Cons
- Market Dependency: Revenue closely tied to trends in international education and immigration policies.
- Competitive Landscape: Faces competition from other players in the education consultancy market.
- Regulatory Challenges: Compliance with changing immigration laws and policies.
Risk Factors
Potential investors should consider the following risks:
- Economic Sensitivity: Revenue depends on student aspirations and global economic stability.
- Operational Challenges: Expanding services while maintaining service quality.
- Regulatory Risks: Changes in immigration policies could impact business.
Conclusion
The Landmark Immigration Consultants IPO offers an opportunity to invest in a well-established player in the education consulting and immigration services sector. With its experienced leadership and strong market reputation, the company is poised for growth. However, investors must weigh risks related to market trends, regulatory changes, and competition before investing.
FAQs About Landmark Immigration Ipo
Landmark Immigration IPO will open on 16 Jan, 2025 and close on 20 Jan, 2025. Investors must apply within this period to participate.
The Landmark Immigration IPO price band is set between ₹70.00 and ₹72.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹115200.00.
The Landmark Immigration IPO shares are expected to be listed on 23 Jan, 2025, subject to regulatory approvals and final allotment.
You can track your Landmark Immigration IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Landmark Immigration IPO will be listed on major stock exchanges such as BSE, where you can trade shares once they are listed.