Landmark Immigration Consultants came to market through an SME IPO that opened on 16 January 2025 and closed on 20 January 2025, and the shares listed on 23 January 2025 on BSE SME. The price band was ₹70 to ₹72 per share and one lot was 1600 shares, so the minimum application was ₹1,15,200. The issue size was ₹40.32 crore. The whole issue was fresh shares, so the money raised went to the company.
Kfin Technologies Limited was the registrar to the issue, and Shreni Shares Limited was the lead manager.
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In the year 2010, Landmark Immigration Consultants Limited was incorporated; it is a global consultancy service. The company provides global education consultancy for students wanting to study abroad and immigration consultancy service for Canada visas, tourism, business, and permanent residency. The company provides international education and immigration consultancy through 9 fully serviced branches, tie-ups with more than 30 institutions in Canada, with specific consultants and training facility. Company has signed 3 Franchise Agreements at Jammu, Jind, and Karnal. Services:
International Education Consultancy Services: Consultancy for education, education loan guidance, scholarship, 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 had approximately 128 employees on a payroll basis.
As described in the offer document.
Mr. Jasmeet Singh Bhatia, Ms. Richa Arora. Promoter holding 97.92% before the issue and 71.31% after.
Work out the listing gain for this SME IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Landmark Immigration Consultants IPO was a ₹40.32 crore book-built issue, made up entirely of a fresh issue. It was priced at ₹70–₹72 per share with a lot size of 1,600 shares (₹1,15,200). The IPO was open from January 16 to January 20, 2025. Shares listed on BSE SME on January 23, 2025 at ₹75, a 4.2% premium to the issue price of ₹72. Kfin Technologies Limited is the registrar. Shreni Shares Limited is the book running lead manager.
The price band of Landmark Immigration Consultants IPO is ₹70 to ₹72 per share.
The lot size of Landmark Immigration Consultants IPO is 1600 shares.
The minimum investment for Landmark Immigration Consultants IPO is approximately ₹1,15,200 based on the upper price band.
The allotment date of Landmark Immigration Consultants IPO is Jan 21, 2025.
Landmark Immigration Consultants IPO's final recorded GMP before listing was ₹10 per share (a 14% premium over the ₹72 upper price band). The shares listed at ₹75. GMP is unofficial and does not forecast or guarantee the actual listing price.
You can check Landmark Immigration Consultants IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Landmark Immigration Consultants IPO allotment status on Rupix for quick and easy access.
₹70 to ₹72 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 1600 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹1,15,200. After listing, SME shares also trade in lots rather than one share at a time.
₹1,15,200, for one lot of 1600 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 16 January 2025 and closed on 20 January 2025.
The basis of allotment was published on 21 January 2025 by Kfin Technologies Limited, and allotted shares were credited to demat accounts before listing.
The shares listed on 23 January 2025 on BSE SME.
The issue size was ₹40.32 crore. The fresh issue was 56,00,000 shares (aggregating up to ₹40.32 crore).