Landmark Immigration Consultants Ltd
Landmark Immigration Consultants Limited, a prominent player in the global consultancy services sector, is set to launch its Initial Public Offering (IPO) on January 16, 2025. This article provides a comprehensive overview of the IPO, including key dates, financials, and other essential details for potential investors.
Company Overview
Established in 2010, Landmark Immigration Consultants Limited specializes in Global Education Consultancy (GEC) services for students aspiring to study abroad, primarily in Canada, and Immigration Consultancy (IC) services for tourist, business, and permanent residency visas. With nine fully equipped branches and partnerships with over 30 Canadian institutions, the company offers a one-stop solution for clients, predominantly from Punjab, Chandigarh, and Vadodara.
IPO Timeline
- IPO Open Date: January 16, 2025
- IPO Close Date: January 20, 2025
- Allotment Finalization: January 21, 2025
- Initiation of Refunds: January 22, 2025
- Credit of Shares to Demat Accounts: January 22, 2025
- Listing Date: January 23, 2025
Price Band and Lot Size
- Price Band: ₹70 to ₹72 per share
- Face Value: ₹10 per share
- Lot Size: 1,600 shares
- Minimum Investment: ₹1,15,200
Issue Size
- Total Issue Size: ₹40.32 crore
- Fresh Issue: ₹40.32 crore (56 lakh shares)
- Offer for Sale (OFS): Not applicable
Financials
| Period Ended | Revenue (₹ in crore) | Profit After Tax (₹ in crore) | Net Worth (₹ in crore) |
|---|---|---|---|
| FY 2022 | 19.32 | 3.94 | 21.20 |
| FY 2023 | 21.63 | 4.43 | 25.63 |
| FY 2024 | 37.07 | 11.12 | 36.75 |
Strengths
- Comprehensive range of visa consultancy services
- Certifications and appointments by reputed universities
- Experienced promoters and senior management team
- Dedicated team of counselors
Risks
- Dependence on the Canadian education market
- Regulatory changes in immigration policies
- Competition from other consultancy firms
IPO Promoter Holding
| Promoter | Pre-Issue Holding | Post-Issue Holding |
|---|---|---|
| Mr. Jasmeet Singh Bhatia | 97.92% | [Data Not Available] |
| Ms. Richa Arora |
IPO Grey Market Premium (GMP)
As of January 14, 2025, the Grey Market Premium for Landmark Immigration IPO is not available, indicating that the GMP has not yet started.
Final Thoughts
Landmark Immigration Consultants Limited offers a compelling opportunity for investors interested in the global consultancy services sector, given its robust growth and comprehensive service offerings. However, potential investors should carefully consider the associated risks, including market dependence and regulatory changes, before making an investment decision.