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Tuesday Feb 07, 2023

Landmark cars hits new high after weak debut surges 17 percent in two days IPO launch in Dec – Business News India


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On December 23 last year, the IPO of Landmark Cars, a vehicle dealership, had a weak listing in the stock market. However, the stock has gained momentum within 10 trading days. This stock is climbing since last two days. The stock has given a return of up to 17 per cent in just two trading days.

What is the share price: Landmark Cars share price reached a level of Rs 581.65 on Friday, the last trading day of the week. This is the all time high level of the stock. However, profit booking was seen in the stock after noon. The stock of this company has gained 17 per cent in the last two trading days.

Flop listing happened: Landmark Cars stock had a weak opening on December 23. The company’s stock, which was listed down nearly seven per cent at its issue price of Rs 506, closed down nearly 10 per cent by the end of trading. Whereas, on December 26, the share price came down to a low of Rs 433.20. From this low, the stock has now jumped up to 34 per cent.

Landmark Cars is a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep and Renault. Landmark Cars also has a commercial vehicle dealership for Ashok Leyland in India.

Homesfy Realty grand entry in share market company stock price surges 46 percent on listing day


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Realty brokerage firm Homesfy Realty has entered the stock market with a bang. The company has hit the stock market with a bang today. The company is listed in NSE-SME today i.e. on 2 January 2023 at Rs 275 with a premium of Rs 39.62. That is, any investor who would have placed a bet on the company’s IPO and had been allotted shares, would have made a profit of Rs 78.05 per share. Let me tell you, the price band of the company’s IPO was Rs 197.

The good thing from the point of view of investors is that even after the listing, the company’s shares have seen a boom. On January 2 at 10.25 am, the share price of Homesfy Realty was trading at a level of Rs 288.80 with a gain of 46.60 per cent. Let me tell you, the company was also doing well in the gray market for the past several days. It was available in the gray market yesterday i.e. January 1, 2023 at a premium of Rs.24. Since then, investors were expecting a strong listing.

These 4 companies are giving gift of bonus shares on new year, record date this week

Other important details about the company’s IPO (Homesfy Realty Details)

1- IPO Size – The size of the company’s IPO is Rs 15.86 crore.
2- IPO Price – Fixed price has been fixed at Rs 197.
3- IPO opening date – 21 December 2022
4- IPO closing date – 23 December 2022
5- IPO Lot Size – A retail investor can place a minimum and maximum stake of Rs 1,18,200.
6- IPO Listing – The company will be listed in NSE.
7- The allotment of the company’s shares took place on 28 December 2022.

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