Landmark Immigration Consultants Limited, established in 2010, is set to launch its Landmark Immigration Consultants Ltd IPO on January 16, 2025. The company specializes in global education consultancy services for students aspiring to study abroad, primarily in Canada, and offers immigration consultancy services for visas, tourism, business, and permanent residency.
IPO Details:
- Period: January 16, 2025 – January 20, 2025
- Size: 56,00,000 shares, aggregating up to ₹40.32 crore
- Type: Book Built Issue IPO
- Price Band: ₹70 – ₹72 per share
- Face Value: ₹10 per share
- Lot Size: 1,600 shares
- Minimum Investment: ₹1,15,200
- Listing At: BSE SME
IPO Timeline:
- Basis of Allotment: January 21, 2025
- Initiation of Refunds: January 22, 2025
- Credit of Shares to Demat Accounts: January 22, 2025
- Listing Date: January 23, 2025
Landmark Immigration Consultants Ltd IPO Share Price
- Price Band: ₹70 – ₹72 per share
- Face Value: ₹10 per share
- Lot Size: 1,600 shares per lot
- Minimum Investment: ₹1,15,200 (for one lot at the upper price band of ₹72)
The final issue price will be determined post the book-building process based on investor demand within the price band.
Company Overview:
Landmark Immigration operates through nine fully equipped branches and has partnerships with over 30 Canadian institutions. The company offers a comprehensive suite of services, including education consultancy, guidance on education loans and scholarships, admission application formalities, training for language proficiency tests, and assistance with study/schooling visas. Additionally, they provide immigration consultancy services for tourist, business, and permanent residency visas. As of June 30, 2024, the company employed approximately 135 personnel.
Financial Performance:
| Metric | FY 2022 | FY 2023 | FY 2024 |
| Revenue (₹ crore) | 18.34 | 19.58 | 34.89 |
| Net Income (₹ crore) | 3.94 | 4.43 | 11.12 |
| EPS (₹) | 2.62 | 2.95 | 7.41 |
| RONW (%) | 18.56 | 17.30 | 30.25 |
| Debt/Equity Ratio | 0.25 | 0.10 | 0.02 |
Objectives of the IPO:
- Capital Expenditure for New Branches: Expanding the company’s geographical presence.
- Advertisement Expenses: Enhancing brand visibility and awareness.
- Inorganic Growth through Acquisitions: Pursuing growth opportunities by acquiring other businesses.
- General Corporate Purposes: Supporting overall business development and operations.
Company Background
Landmark Immigration Consultants Ltd, founded in 2010, provides education consultancy services to students aspiring to study abroad, primarily focusing on Canada. They assist with visa applications, career counseling, and offer other immigration-related services including tourist, business, and permanent residency visas. The company operates multiple branches across India and partners with more than 30 Canadian educational institutions.
Landmark Immigration Consultants Ltd IPO Promoters
- Mr. Jasmeet Singh Bhatia
- Ms. Richa Arora
Investor Allocation
- Qualified Institutional Buyers (QIBs): Up to 50%
- Retail Individual Investors (RIIs): At least 35%
- Non-Institutional Investors (NIIs): At least 15%
Important Considerations
- High growth potential due to increasing demand for international education and immigration services.
- Competitive landscape in the consultancy and immigration service sector.
- Investment involves risks; conducting due diligence is advised before investing.
Registrar and Lead Manager:
- Registrar: KFin Technologies Limited
- Lead Manager: Shreni Shares Limited
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The IPO allocation is structured with not more than 50% for Qualified Institutional Buyers (QIBs), not less than 35% for Retail Individual Investors (RIIs), and not less than 15% for Non-Institutional Investors (NIIs).
Landmark Immigration Consultants Ltd Growth Overview
Below is a summary of the company’s financial growth over recent fiscal years:
| Financial Metric | FY 2022 (₹ Cr) | FY 2023 (₹ Cr) | FY 2024 (₹ Cr) | CAGR (%) |
| Revenue | 18.34 | 19.58 | 34.89 | 37.1% |
| Net Profit | 3.94 | 4.43 | 11.12 | 69.2% |
| EPS (₹) | 2.62 | 2.95 | 7.41 | 66.8% |
| Return on Net Worth (%) | 18.56 | 17.30 | 30.25 | N/A |
| Debt-to-Equity Ratio | 0.25 | 0.10 | 0.02 | N/A |
Key Growth Highlights
- Revenue Expansion: Consistent year-over-year revenue growth driven by increasing demand for educational consultancy and immigration services.
- Profitability: Significant improvement in net profit margin due to operational efficiency and rising customer demand.
- Debt Management: Reduction in debt-to-equity ratio highlights financial prudence and stronger capital structure.
- Strong Return Metrics: A notable increase in Return on Net Worth (RONW) reflects the company’s efficient capital utilization.
The company’s future growth will depend on continued expansion of its service offerings, successful geographical scaling, and maintaining operational efficiency.
Strengths of Landmark Immigration Consultants Ltd IPO
(1) Established Brand Presence:
With over a decade of experience in the education and immigration consulting industry, the company has built a strong brand reputation.
(2) Strategic Partnerships:
Collaborations with more than 30 Canadian institutions provide a competitive edge in delivering tailored educational solutions for students.
(3) Expanding Service Portfolio:
Comprehensive offerings including student visas, tourism, business visas, and permanent residency consulting ensure multiple revenue streams.
(4) Geographical Expansion:
Multiple branches across India with plans for further expansion provide a robust physical network for client engagement.
(5) Growing Industry Demand:
Rising aspirations for global education and favorable immigration trends position the company for long-term growth.
(6) Financial Growth:
Strong financial performance in recent years with impressive revenue and profit growth.
Risks of Landmark Immigration Consultants Ltd IPO
(1) Regulatory Risks:
Frequent changes in immigration policies or education regulations in key destination countries (e.g., Canada) could impact the business model.
(2) Competition:
Highly competitive industry with numerous established players may affect market share and pricing strategies.
(3) Operational Risks:
Challenges in managing an expanding branch network and workforce may lead to operational inefficiencies.
(4) Foreign Exchange Fluctuations:
Revenue exposure to international markets may be affected by exchange rate volatility.
(5) Economic Slowdown:
Economic downturns or financial constraints for clients may reduce demand for education and immigration services.
(6) Dependence on Key Markets:
Heavy reliance on the Canadian market makes the company vulnerable to country-specific risks.
(7) IPO Investment Risks:
IPO investments inherently carry market risks and depend on listing performance and broader economic conditions.
Investor Consideration:
While the IPO offers promising growth prospects, potential investors should weigh these strengths and risks carefully and consider consulting a financial advisor before making investment decisions.
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