BENGALURU, Dec 15 (Reuters) – Indian luxury automobiles dealer Landmark Cars Ltd’s (LANM.NS) initial public offering, valued at 5.52 billion rupees ($66.71 million), was oversubscribed on Thursday, but analysts still said demand was tepid.
Investors bid for 24.6 million shares by the final day of bidding, 3.1 times the 8 million shares on offer, exchange data showed.
The company had an offer for sale valued at 4.02 billion rupees and a fresh issue valued at 1.5 billion rupees. It…
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