The Initial Public Offer (IPO) of automobile dealership chain Landmark Cars got subscribed 3.06 times on the last day of subscription on Thursday, helped by huge interest from institutional buyers. The IPO received bids for 2,46,45,186 shares against 80,41,805 shares on offer, according to NSE data. The category meant for Qualified Institutional Buyers (QIBs) was subscribed 8.71 times, non-institutional investors received 1.32 times subscription and Retail Individual Investors (RIIs) 59 per cent. The IPO of Landmark Cars got subscribed 39 per cent on the second day of offer on Wednesday. It had a fresh issue of up to Rs 150 crore and an offer for sale of up to Rs 402 crore, aggregating up to
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