Landmark Immigration IPO: GMP, Price, Dates & Details

Landmark Immigration IPO-Complete Overview

Landmark Immigration IPO under the SME IPO category is a book-built issue of Rs.40.32 Cr (56 lac Shares) by Landmark Immigration Limited established in 2010, The company 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 in cooperation with over 30 Canadian institutions and dedicated consultants. The 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.

Landmark Immigration IPO Overview

This Landmark Immigration IPO date is 16 January, and its ‘initial public offering’ will end on 20 January 2025.    

This Rs.40.32 crore new SME IPO  comprises an entirely fresh issue of 56 lac Shares.

This upcoming IPO date is on 16 Jan 2025. The Landmark Immigration IPO Price is Rs.70 to Rs.72 for each Share. 

The expected IPO listing date is 23 Jan 2025, and the listing at BSE and SME.

To open a demat account and apply for the IPO, Click Here

Company Financial

(Amount in Lac)

 

Cash Flows

The cash flows for various activities are shown below:

(Amount in lac)

 

Service-wise Revenue Breakdown  

(Amount in lac)

 

(Source: RHP)

(Amount in lac)

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• The company will have to make a capital investment to open new branches.

• Spending on advertisements to raise brand awareness and exposure.

• Using acquisitions to pursue inorganic growth initiatives.

• General Corporate purposes.

 

Peers of Landmark Immigration Ltd.

 

Note:-

The basic EPS of the peers is for the financial year ended on 31 Mar 2024.

Evaluation

The Landmark IPO share price is Rs.70 to Rs.72 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Sep 2024 with an EPS of Rs.7.41 from the last year, the resulting P/E ratio is 9.71x.

Considering the weighted EPS of Rs.5.13 for the last three years, the P/E ratio is 14.03x.

IPO's Strengths

• One threshold solution for visa consultancy services.

• Characters have also earned certifications and appointments from some of the reputable universities as well as the Promoter and Company.

• Each dedicated team of consultants.

• An especial performance in the lives of the people and the Promoters and the senior management team.

IPO’s Weaknesses

• Dependence on Student Visas- The core of the business is based on the norms for issuing student visas, particularly for countries like Canada, in which most of his partner's universities are located. Any changes in visa policy that impose curbs or restrictions may severely harm the company's ability to bring in revenue.

• Risks of Regulation and Compliance- The organization runs under various legal and regulatory frameworks and has need of many approvals, licenses, and permits at subnational and national levels. If such approvals or licenses are not renewed or if they are lost, they could cause business disruptions and result in increased compliance costs.

• Competition and Market Forces- The company faces very competitive problems to become a market leader within the global education and immigration consultancy industry. It badly hits the lack of market flexibility to adapt to new market dynamics or customer expectations or to technological changes in increasing demand or reduces the market impact and profit.

• Economic and Political Factors- Operating in an international market, the operations of the company are subject to global and domestic terms of trade and currency control, as well as by monetary factors affecting fiscal policies resulting from these potential economic and political-related conditions. Any variations in these external factors, like currency fluctuations or inflation, would lead to potential threats of financial underperformance.

Landmark Immigration IPO GMP Today

Landmark Immigration IPO GMP is Rs.0 as of 13 January 2025.

IPO Timetable (Tentative)

The IPO opening date is January 16, with allotment on January 21, refund initiation on January 22, and listing on January 23, 2025.

Landmark Immigration IPO Details 

The IPO with a Face Value of Rs.10 per share offers a total issue size of 56,00,000 Shares (Rs.40.32 Cr).

Landmark Immigration Limited IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1600 Shares) amounting to Rs.1,15,200 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (3200 Shares) amounting to Rs.2,30,400.

 

IPO Reservation (% of Net Issue)

 

Promoters And Management of Landmark Immigration Ltd.

• Mr. Jasmeet Singh Bhatia.

• Ms. Richa Arora.
  
  

IPO Lead Managers

Shreni Shares Limited.

Dividend Policy

The company has not paid any dividends since incorporation.

Conclusion

The Landmark Immigration IPO will give investors a chance to be a part of a growing global education and immigration consultancy. The company has solid financials, good human management, and ambitious expansion plans and expects to utilize the proceeds from this IPO to grow him further. Although there are risks associated with continued reliance on student visas and other regulatory barriers, these are worthy of concern. Hence, investors must consider the opportunities and risks before making any investment.