Landmark Immigration Limited is set to launch its initial public offering (IPO) from January 16 to January 20, 2025, aiming to raise approximately ₹40.32 crores. The IPO will consist of a fresh issue of equity shares priced between ₹70 and ₹72 each, with a face value of ₹10. Established in 2007, Landmark Immigration offers a wide range of global consulting services, primarily focusing on education consultancy for students aspiring to study abroad and immigration consultancy for various visa applications. The funds raised will be utilized for expanding operational capabilities and enhancing service offerings.
₹15
₹72
₹75.00
Expert Opinions
Market sentiment surrounding the Landmark Immigration IPO is favorable, driven by the increasing demand for global education and immigration consultancy services, particularly among students and professionals seeking opportunities abroad. Landmark Immigration has established itself as a leading player in the sector, offering a comprehensive range of services, including education consultancy and visa application assistance, with a strong focus on clients from Punjab, Chandigarh, and Vadodara. However, potential risks include regulatory changes affecting immigration policies and intense competition from other consultancy firms, which could impact market share and profitability.
The IPO is priced between ₹70 and ₹72 per share, aiming to raise approximately ₹40.32 crores. With revenues growing from ₹21.63 crores in FY2023 to ₹37.07 crores in FY2024, the valuation appears reasonable given the company’s growth trajectory. From a long-term investment perspective, Landmark Immigration is well-positioned to benefit from the expanding global education and immigration market.
Investor Considerations
Investors considering the Landmark Immigration IPO should evaluate several key elements. Company performance and fundamentals indicate strong growth, with revenues rising from ₹21.63 crores in FY2023 to ₹37.07 crores in FY2024, alongside profits increasing from ₹4.43 crores to ₹11.12 crores, showcasing effective management and operational efficiency. The sector outlook is promising, driven by a growing demand for immigration and education consultancy services as more individuals seek opportunities abroad, especially in Canada.
The IPO valuation, The expected EPS for FY2024 is ₹7.41, with a P/E ratio of 9.45 to 9.72, reflecting a reasonable valuation. The estimated return on net worth (RoNW) is 30.25%, indicating strong management and operational efficiency, which could enhance investor confidence. Growth prospects remain strong as Landmark plans to expand its service offerings and enhance operational capabilities. However, potential risk factors include regulatory changes affecting immigration policies and competition from other consultancy firms. A long-term investment horizon is advisable as Landmark Immigration seeks to capitalize on favorable trends in the global education and immigration market.
| Date | GMP | Trend |
|---|---|---|
| 22 Jan 2025 11.08 | ₹15 | Down |
| 21 Jan 2025 11.10 | ₹20 | Down |
| 20 Jan 2025 11.53 | ₹25 | Up |
| 18 Jan 2025 11.30 | ₹15 | --- |
| 17 Jan 2025 11.22 | ₹15 | --- |
| 16 Jan 2025 11.06 | ₹15 | --- |
| 15 Jan 2025 10.54 | ₹15 | Up |
| 13 Jan 2025 11.24 | ₹00 | --- |
| 12 Jan 2025 16.31 | ₹00 | --- |
| 11 Jan 2025 17.51 | ₹00 | --- |
FAQs
The Grey Market Premium showed limited accuracy in predicting Landmark Immigration’s listing performance. While the GMP of ₹15 predicted a premium of 20.83% over the issue price, the stock delivered only a modest gain of 4.17%. With a prediction error of 13.79%, the GMP correctly predicted the positive listing direction but significantly overestimated the magnitude of gains.
Landmark Immigration IPO Current GMP is ₹15.
Landmark Immigration IPO Expected Returns is 20.83%.
Landmark Immigration IPO estimated listing price is ₹87.