Landmark Immigration Consultants made its stock market debut on a promising note, listing at ₹75 per share on January 23—a 4.17% premium over its IPO price of ₹72. The stock didn’t stop there, briefly hitting the 5% upper circuit at ₹78.75, signaling strong investor enthusiasm. The ₹40 crore IPO, open for bidding from January 16 to 20, saw staggering demand. Subscribed 72.34 times overall, it became a hot favorite among retail investors, who oversubscribed their portion 81.87 times. Meanwhile, non-institutional investors went even further, booking 116.71 times their allocation, while institutional buyers subscribed 35.58 times. Retail investors needed a minimum ₹1,15,200 to grab a slice, as the IPO required bidding for at least 1,600 shares per lot. Unlike many IPOs that include an offer-for-sale component, this one was a 100% fresh issue. Landmark plans to channel the raised funds into scaling its operations, including opening new branches, ramping up marketing to build brand recognition, acquiring businesses, and meeting general corporate needs. Financially, Landmark has been on a tear. For the fiscal year ending March 31, 2024, profits after tax skyrocketed 151% year-on-year to ₹1,111.83 lakh, compared to ₹443.48 lakh in the previous year. Revenue surged 71.41% to ₹3,707.03 lakh, reflecting a robust growth trajectory that clearly resonated with IPO bidders.