Land Immigration IPO is set to launch its Initial Public Offering (IPO) to raise ₹40.32 crores through a book-built issue. The IPO consists entirely of a fresh issue of 56 lakh shares.
The subscription window for the IPO opens on January 16, 2025, and will close on January 20, 2025. The allotment of shares is expected to be finalized on January 21, 2025, with a tentative listing date on the BSE SME platform on January 23, 2025.
The price band for the IPO has been set between ₹70 and ₹72 per share. Investors can apply in minimum lots of 1,600 shares, requiring a minimum investment of ₹1,15,200 for retail investors. High Net-Worth Individuals (HNIs) will need to apply for at least two lots, totaling 3,200 shares, amounting to ₹2,30,400.
Key Players in the Land Immigration IPO
Shreni Shares Limited will serve as the book-running lead manager for the issue, while Kfin Technologies Limited has been appointed as the registrar. Shreni Shares Limited will also act as the market maker for the IPO.
This SME IPO is anticipated to draw significant attention from investors looking to explore new opportunities in emerging sectors.
Land Immigration IPO Details
| IPO Date | January 16, 2025 to January 20, 2025 |
| Face Value | ₹10 per share |
| Price Band | ₹70 to ₹72 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 56,00,000 shares (aggregating up to ₹40.32 Cr) |
| Fresh Issue | 56,00,000 shares (aggregating up to ₹ 40.32 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 1,50,10,000 shares |
| Share Holding Post Issue | 2,06,10,000 shares |
| Market Maker Portion | 2,84,800 shares |
Land Immigration IPO Timeline
Land Immigration Limited has announced the launch of its IPO, which will open for subscription on January 16, 2025, and close on January 20, 2025. Investors are gearing up for the opportunity to participate in this ₹40.32 crore public issue, which comprises a fresh issue of 56 lakh shares.
The IPO is poised to list on the BSE SME platform, with the tentative listing date set for January 23, 2025.
| IPO Open Date | Thursday, January 16, 2025 |
| IPO Close Date | Monday, January 20, 2025 |
| Basis of Allotment | Tuesday, January 21, 2025 |
| Initiation of Refunds | Wednesday, January 22, 2025 |
| Credit of Shares to Demat | Wednesday, January 22, 2025 |
| Listing Date | Thursday, January 23, 2025 |
Land Immigration IPO Lot Size
Investors participating in the Land Immigration IPO can place bids for a minimum of 1,600 shares and in multiples thereof. The following table outlines the minimum and maximum investment requirements for retail investors and High Net-Worth Individuals (HNIs):
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,15,200 |
| Retail (Max) | 1 | 1600 | ₹1,15,200 |
| HNI (Min) | 2 | 3,200 | ₹2,30,400 |
With a price band of ₹70 to ₹72 per share, the IPO provides an accessible entry point for both retail and HNI participants, catering to diverse investor segments.
Land Immigration IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
About Land Immigration Consultants Limited
Landmark Immigration Consultants: A Decade of Guiding Global Aspirations
Founded in 2010, Landmark Immigration Consultants Limited has carved a niche as a premier provider of Global Education and Immigration Consultancy Services, helping thousands of individuals achieve their dreams of studying or settling abroad. With a strong focus on Canada, the company offers a range of services tailored to meet diverse client needs.
A Comprehensive Service Portfolio
Landmark Immigration’s offerings include:
- Global Education Consultancy: Providing expert guidance on education loans, scholarships, admission processes, and visa applications. The company also offers training for language proficiency tests to help students meet international requirements.
- Immigration Services: Assisting with tourist, business, and permanent residency visas, catering to individuals seeking opportunities overseas.
Expanding Footprint and Partnerships
Operating through nine branches, Landmark has partnered with over 30 Canadian institutions to provide seamless education consultancy services. The company has also extended its reach through franchise agreements in Jammu, Jind, and Karnal, ensuring accessibility to clients in these regions.
Workforce and Expertise
As of June 30, 2024, Landmark Immigration boasts a team of 135 professionals, including highly trained counselors dedicated to guiding clients at every step of their journey.
Competitive Edge
- One-Stop Visa Solutions: Offering comprehensive consultancy under one roof.
- Certified Excellence: Recognized by top universities and institutions for its expertise.
- Experienced Leadership: Backed by the vision and knowledge of seasoned promoters and senior managers.
- Dedicated Team: Skilled professionals committed to delivering top-notch services.
Landmark Immigration Consultants continues to stand out in the industry, combining experience, partnerships, and customer-focused services to empower individuals in pursuing their global aspirations.
FAQs for Land Immigration IPO
What is the Land Immigration IPO about?
The Land Immigration IPO is a public offering to raise ₹40.32 crores through a fresh issue of 56 lakh shares. The company is listing on the BSE SME platform to expand its operations and meet other business requirements.
When does the Land Immigration IPO open and close for subscription?
The Land Immigration IPO opens on January 16, 2025, and closes on January 20, 2025, giving investors a five-day window to apply.
What is the price band for the Land Immigration IPO?
The price band for the Land Immigration IPO is set at ₹70 to ₹72 per share, offering flexibility for investors to bid within this range.
What is the minimum investment required for the Land Immigration IPO?
Retail investors must bid for at least one lot of 1,600 shares, which requires a minimum investment of ₹1,15,200 in the Land Immigration IPO.
Who can invest in the Land Immigration IPO?
The Land Immigration IPO is open to retail investors, High Net-Worth Individuals (HNIs), and institutional investors looking to invest in an emerging company listed on the SME platform.
What is the listing date for the Land Immigration IPO?
The tentative listing date for the Land Immigration IPO is January 23, 2025, and it will be listed on the BSE SME exchange.
What are the competitive advantages of investing in the Land Immigration IPO?
Investing in the Land Immigration IPO provides exposure to a company with a strong presence in the immigration and global consultancy space, backed by experienced promoters, certifications, and a skilled team.
How can I apply for the Land Immigration IPO?
Investors can apply for the Land Immigration IPO through their broker or trading account using ASBA (Application Supported by Blocked Amount) or UPI for seamless payment processing.
What are the risks associated with investing in the Land Immigration IPO?
Like any IPO, the Land Immigration IPO carries risks related to market fluctuations, company performance, and industry-specific challenges. Investors should carefully review the prospectus before applying.
