Landmark Immigration Consultants Limited IPO
The company specializes in enrolling students from various jurisdictions into global institutions of higher education located in different countries. A significant aspect of their operations is navigating and adhering to international norms for issuing student VISAs. These regulations directly influence their ability to generate revenue, as student VISAs play a critical role in facilitating their services.
Primary Market: Canada
Key Contributions: The majority of their collaborations are with Canadian institutions of higher education.
Current Landscape:
i. Canada previously admitted approximately 550,000 international students annually.
ii. Due to the existing geopolitical scenario, this target has been reduced to 437,000 international students annually.
iii. Approximately 50% of these students historically hail from India, representing a key demographic for their services.
Company Performance:
i. Their company facilitated the enrollment of over 2,500 students in Canada last year.
ii. They aim to increase this figure to 5,000 students in one year and 10,000 students in the near future.
iii. The 2% reduction in Canada’s international student target is unlikely to significantly impact their business.
Global Expansion and Diversification
Additional Markets: In response to geopolitical developments, they have expanded their focus beyond Canada to countries like the USA, UK, and Germany.
New Collaborations:
i. Recently signed direct agreements with over 20 universities and colleges across the USA, UK, and Germany.
ii. Obtained letters of recognition as a trusted/key recruitment/valued partner from several prominent institutions.
Future Prospects
Despite the reduction in Canada’s intake for international students, their diversified strategy and growing partnerships in the USA, UK, and Germany position them well for sustained growth. With their strong industry presence, recognition, and commitment to supporting students, they aim to expand their reach and further consolidate their leadership in the international education recruitment sector.
Objects of the Landmark Immigration Consultants Limited IPO:
Landmark Immigration Consultants Limited IPO Details:
| Open Date: | Jan 16 2025 |
| Close Date: | Jan 20 2025 |
| Total Shares: | 56,00,000 |
| Face Value: | ₹ 10 Per Equity Share |
| Issue Size: | 40.32 Cr. |
| Lot Size: | 1600 Shares |
| Issue Price: | ₹ 70 - 72 Per Equity Share |
| Listing At: | BSE SME |
| Listing Date: | Jan 23 2025 |
Promoters And Management:
Financials of Landmark Immigration Consultants Limited IPO:
(₹ in Crores)
| Particulars | Sep 30, 2024 | March 31, 2024 | March 31, 2023 | March 31, 2022 |
| Revenue from Operations | 17.95 | 34.88 | 19.58 | 18.34 |
| EBITDA | 6.64 | 14.60 | 5.33 | 5.30 |
| EBITDA Margins | 36.99% | 41.87% | 27.26% | 28.91% |
| PAT | 5.40 | 11.11 | 4.43 | 3.93 |
| PAT Margins | 30.08% | 31.87% | 22.65% | 21.45% |
| ROE | 35.64% | 18.94% | 20.47% | |
| CFOA | 1.12 | 7.12 | 2.52 | 3.95 |
Comparison With Peers:
| Companies | Revenue | EBITDA Margins | PAT Margins | D/E Ratio | MCap | P/E |
| Landmark Immigration Consultants (FY 2024) | 34.88 Cr. | 41.87% | 31.87% | 0.05 | 148.39 Cr. | 13.35 |
| Winny Immigration & Education Services (TTM) | 10.81 Cr. | 7.68% | 3.60% | 0.04 | 71.80 Cr. | 184 |
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