Landmark Immigration Consultants Limited offers Global Education Consultancy for students seeking to study abroad and Immigration Consultancy for visas, tourism, business, and permanent residency, primarily in Canada. Landmark Immigration IPO plans to raise Rs 40.32 crores. The issue is entirely a fresh issue of shares.
IPO opens
January 16, 2025
IPO Closes
January 20, 2025
IPO Size (Rs.)
₹40.32 Cr
Breakup
Fresh issue only
Face Value:
₹ 10
IPO Price in Rs :
₹70 to ₹72 per share
Minimum Lot
1,600 Shares
Listing At
NSE SME
QIB Quota
~50%
NII Quota
~15%
Retail Quota
~35%
Lead Manager
Shreni Shares Limited.
Registrar
Kfin Technologies Limited
Market maker
Shreni Shares Limited
About: Landmark Immigration Consultants Limited
Landmark Immigration Consultants Limited, established in 2010, is a prominent immigration and education consultancy based in India, primarily serving clients seeking opportunities abroad.
The company specializes in providing comprehensive services related to study visas, immigration consultancy for tourism, business, and permanent residency, with a strong focus on Canada.
Headquarters: Mohali, Punjab, India
Services Offered:
Study visa consultancy
Immigration services for Canada and other countries
Career counseling and admission support
Visa processing and language training
Financials: Landmark Immigration IPO:
Key Financial Performance/ Rs. Lacs
Sept 30, 2024
March 31, 2024
March 31, 2023
March 31, 2022
Revenue from Operations
1,795.53
3,488.88
1,958.28
1,834.41
EBITDA
664.1
1,460.93
533.89
530.33
EBITDA Margin (%)
36.99%
41.87%
27.26%
28.91%
PAT
540.12
1,111.83
443.48
393.53
PAT Margin (%)
30.08%
31.87%
22.65%
21.45%
Return on equity (%)
13.69%
35.64%
18.94%
20.47%
Debt-Equity Ratio (times)
0.05
0.02
0.1
0.25
Current Ratio (times)
3.18
3.33
1.54
1.07
Post issue Share Capital
2061
FV
10
IPO price
72
EPS Fy24
5.39
PE
13.35
EPS Fy25 (annualized)
5.24
PE (annualized)
13.74
Market cap in cr.
14839
Market cap / Sales
4.25
Anchors: Landmark Immigration IPO
Landmark Immigration IPO: Salient Points
The net issue constitutes 25.79% of the post-issue paid-up equity share capital
Use of Net proceeds ( Rs. Lacs)
Capital expenditure for setting up new branches8> <23.
Advertisement expenses to enhance brand awareness and visibility8….
Pursuing inorganic growth initiatives through acquisitions8….
General corporate purposes
FY24 Revenue Bifurcation:
Revenue Bifurcation
September 30, 2024
March 31, 2024
March 31, 2023
March 31, 2022
Student Visa
1759.22
2902.22
1548.46
1563.91
Student Visa % of Total Revenue
97.97%
83.18%
79.07%
85.25%
Tourist/Business Visa
32.13
569.45
376.16
253.78
Tourist/Business Visa % of Total Revenue
1.79%
16.32%
19.21%
13.83%
PR
4.18
17.22
33.66
16.72
PR % of Total Revenue
0.24%
0.49%
1.72%
0.91%
Landmark Immigration has established itself as a leading player in the industry by partnering with over 30 educational institutions in Canada and operating nine branches across India.
The firm is recognized for its commitment to customer service, offering 24/7 support and personalized solutions tailored to clients’ needs
Landmark Immigration has reported a notable increase in revenue and net profit over the years.
Landmark Immigration has received accolades for its services, including being named the No.1 agent in India by Cambrian College in 2022.
The majority of their collaborations are with Canadian institutions of higher education.
Sept 30, 2024
March 31, 2024
March 31, 2023
March 31, 2022
Canada Revenue
1,378.96
2,428.45
1,122.11
959.31
% of Total Revenue
76.80%
69.61%
57.30%
52.30%
Landmark Immigration Consultants Limited is positioned as a key player in the immigration consultancy sector in India, with ongoing developments that indicate robust growth and expansion plans.
Peers:
Company
Revenue (Rs. Cr)
EBITDA Margin
PAT Margin
P/E
Mcap/sales
D/E Ratio
Landmark Immigration (FY 24)
34.88
41.87%
31.87%
13.35
4.25
0.05
Winny Immigration (TTM)
10.81
7.68 %
3.61 %
169
6.1
0.04
PE FY25 (annualized) 13.35x ; PE Fy24: 13.74x.
I intend to apply in Landmark Immigration IPO subject to availability of funds. Decent price compared to sole listed peer. Revenues and profits have grown at a good pace.
GMP as reported on social media is Ra. 22(30%) at this juncture.
Lead Manager has a fair record.
SME IPOs are quite volatile and new retail investors need to exercise considerable caution in my view.
This post is exploratory and educational purposes only. Please do your own diligence before investing in SME IPOs like this.
Standard disclaimer: I am not a SEBI registered analyst and above analysis is for educational purpose only. Iam a postgraduate in engineering & Management . I have in the past cleared some exams like NISM-Series-V-A: Mutual Fund Distributors Certification, NISM-Series-X-A: Investment Adviser (Level 1) Certification and NISM-Series-X-B: Investment Adviser (Level 2) Examination. This post is my view on the subject matter and is only academic and exploratory in nature. It is not meant to influence investment decisions of investors. I may have bias/vested interest in covered Stock/Mutual Funds/NCD etc. due to my own investment or leaning. Further my understanding of the areas on which I write may be imperfect or incomplete and data could be wrong due to limited time and resources at my disposal. Do check the data from company’s RHP and exchanges before making any decision. Please do your own due diligence as stock market/MF investments have high degree of inherent risk.
