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Landmark Immigration IPO
Landmark Immigration Consultants Ltd
₹1,12,000 /1600 sharesMinimum Investment
Landmark Immigration IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹72.00 | ₹75.00 | ₹3.00 (4.17%) |
Landmark Immigration IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 16 Jan ‘25 - 20 Jan ‘25 | ₹1,12,000 | 1,600 | ₹70 - ₹72 |
| Issue Size | IPO Doc |
|---|---|
| 40.32Cr | RHP PDF |
Subscription rate
As of 20 Jan'25, 05:00 PM
| Qualified Institutional Buyers | 1.13x |
| Non-Institutional Investor | 19.50x |
| Retail Individual Investor | 32.36x |
| Total | 16.27x |
About Landmark Immigration
Founded in
2010
Managing director
Mr. Jasmeet Singh Bhatia
Parent organisation
Landmark Immigration Consultants Ltd
Strengths & Financials of Landmark Immigration
Strengths
Risks
Landmark Immigration Consultants provides end-to-end admission support for students from the time they enrol to the end of the course. This involves integrated career guidance during the course of the programs.
Landmark Immigration Consultants is partnered with over 30 institutions.
The company operates nine branches, each equipped with classrooms for training services and dedicated desks for individual consultants to provide personalised consultancy for every client in the areas of global education and immigration services.
Landmark Immigration Consultants has established franchise offices in Jammu, Jind, and Karnal.
The company states that it has received recognition as a trusted and valued partner by renowned universities and colleges, though no names of such universities or colleges have been mentioned. Additionally, it was certified by the American International Recruitment Council (AIRC) of the US in 2016.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 18.34 crore in FY22 to Rs 19.58 crore in FY23 to Rs 34.89 crore in FY24. PAT increased from Rs 3.93 crore in FY22 to Rs 4.43 crore in FY23 to Rs 11.12 crore in FY24.
Landmark Immigration Consultants derives a significant portion of its revenue from operations in Canada. For the period ending September 30, 2024, and FY24, FY23, and FY22, revenue from Canadian institutions accounted for 76.80%, 69.61%, 57.30%, and 52.30% of total revenue, respectively. Following the diplomatic spat between India and Canada, admissions of Indian students to Canadian universities have taken a hit. This could negatively impact the company’s revenue and business performance in future.
The company relies on a small number of global higher education institutions for its revenue. The top 10 institutions contributed Rs 11.57 crore (64.43%) as of September 30, 2024, and Rs 21.71 crore (62.22%), Rs 9.88 crore (50.45%), and Rs 8.69 crore (47.38%) in FY24, FY23, and FY22, respectively, to the revenue from operations. Any loss of any of these key partnerships could adversely affect the company’s operations and finances.
A major share of the company’s revenue comes from its education consultancy services. Commission fees from these services accounted for Rs 16.32 crore (90.87%) as of September 30, 2024, and Rs 29.44 crore (84.38%), Rs 11.95 crore (61.02%), and Rs 13.57 crore (73.99%) of the revenue from operations in FY24, FY23, and FY22, respectively. Any disruptions or decline in the global education sector could negatively affect the company’s operations and financial performance.
While the business primarily operates in Canada, expansion into new regions poses challenges, including complex legal and regulatory requirements. Any failure to comply with these regulations could harm the company’s growth and operations.
The company is currently involved in certain ongoing legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
Landmark Immigration Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of Landmark Immigration IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹70 - 72 | ₹2 - 5 Lakh |
| High Networth Individual | ₹70 - 72 | ₹2 - 5 Lakh |
For Landmark Immigration IPO, eligible investors can apply as Regular.