Landmark Immigration Consultants Ltd, a company specializing in immigration and education consultancy services, is launching its Initial Public Offering (IPO) on the BSE SME platform. Here are the key details:

IPO Details:

• Issue Period: January 16 to January 20, 2025.
• Issue Size: ₹40.32 crore, comprising a fresh issue of 56 lakh equity shares.
• Price Band: ₹70 to ₹72 per equity share.
• Lot Size: 1,600 shares, requiring a minimum investment of ₹115,200.
• Listing Date: Expected on January 23, 2025, on the BSE SME platform.

Subscription Details:

The IPO is structured as a book-built issue with the following reservation:

• Qualified Institutional Buyers (QIBs): 50%
• Non-Institutional Investors (NIIs): 15%
• Retail Individual Investors (RIIs): 35%

Company Overview:

Established in 2010, Landmark Immigration Consultants Ltd offers a range of services, including:

• Immigration consultancy
• Education consultancy
• Visa assistance
• Test preparation

The company operates from its headquarters in Chandigarh, India.

Financial Highlights:

• Revenue (FY 2024): ₹34.89 crore
• Net Profit (FY 2024): ₹11.12 crore

Utilization of Funds:

Proceeds from the IPO are planned for:

• Funding Working Capital Requirements
• General Corporate Purposes

For more detailed information, you may refer to the official prospectus and financial reports of Landmark Immigration Consultants Ltd.