Landmark Immigration Consultants shares listed on the stock exchange on January 23 with a premium of over 4 percent. The issue got a massive 68.62 times subscription in the primary market. The public issue had opened on January 16 for a three-day bidding window.
The shares of Landmark Immigration Consultants listed at Rs 75 per share on the BSE SME platform, a premium of 4.17 percent over its issue price. The company's market valuation post listing of shares stood at Rs 156.02 crore on the BSE.
The company that offers global education consultancy for students seeking to build career abroad approached capital markets to raise Rs 40.32 crore via initial public offering of 56 lakh shares, at the upper end of price band of Rs 70-72 per share.
Landmark Immigration offers global education consultancy services to students, aspiring to build career abroad majorly in Canada. It also provides immigration consultancy services including tourist/business visa, and permanent residency services.
The IPO funds will be utilised for setting up new branches, advertisement expenses towards enhancing the awareness and visibility of the brand, inorganic growth initiatives through acquisitions, and general corporate purposes.
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