Finelistings Technologies Limited IPO Detail
Incorporated in 2018, Finelistings Technologies Limited is engaged in various businesses, namely (a) retail of used luxury cars and (b) software development services.
1. Retail used luxury cars: In this segment, the Company sells used premium and high-end luxury vehicles with an average selling price of ₹ 40.00 lakhs. These include sedans, SUVs, sports cars, and convertibles. The company offers after-sales services and repairs through affiliated service centers. The company also helps its customers get financial support from third-party financiers. The company commenced operations and opened its first showroom under the Finecars brand "in August 2022 at Ambience Mall, Vasant Kunj, National Capital Region (NCR).
2. Software development services: Under this framework, the company offers cloud-based services, IT consulting services such as big data analytics, cloud architecture, data engineering, IoT solutions, and solutions such as business intelligence analytics, cloud development, cloud solutions, data management, digital transformation, IoT development, and web development.
As at October 31, 2023, the company had a total of 5 employees.
Company Promoters
Aneesh Mathur and Arjun Singh RajputIPO Details
| IPO Opening Date | May 07, 2024 |
| IPO Closing Date | May 09, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹123 per equity share |
| Market Lot | 1000 Shares |
| Min Order Quantity | 1000 Shares |
| Listing At | BSE SME |
| Issue Size | ₹13.53 Cr |
| Fresh Issue | ₹13.53 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 0.60x | 3.29x | 1.94x |
| Day 2 | 0.00x | 0.00x | 0.00x | 2.20x | 11.63x | 6.91x |
| Day 3 | 0.00x | 0.00x | 0.00x | 29.85x | 38.96x | 37.44x |
IPO Tentative Timetable
The Finelistings Technologies Limited IPO open date is May 07, 2024, and the close date is May 09, 2024. The issue may list on May 14, 2024.
| IPO Open Date | May 07, 2024 |
| IPO Close Date | May 09, 2024 |
| Basis of Allotment Date | May 10, 2024 |
| Initiation of Refunds | May 13, 2024 |
| Credit of Shares to Demat Account | May 13, 2024 |
| IPO Listing Date | May 14, 2024 |
IPO Lot Size
The Finelistings Technologies Limited IPO market lot size is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹123000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1000 | ₹123000 |
| Maximum | 1 | 1000 | ₹123000 |
IPO Promoter Holding
| Pre Issue Share Holding | 71.65% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 59.69 | 146.43 | -17.26 |
| 31-Mar-22 | 154.33 | 694.32 | -8.33 |
| 31-Mar-23 | 1015.99 | 1390.62 | 178.92 |
| 31-Jul-23 | 1002.96 | 743.61 | 123.20 |
Objects of the Issue:
The Net Proceeds from the Issue are proposed to be utilized by the company for the following objects:
- Purchase of Software;
- To meet working capital requirements; and
- General Corporate Purpose.
Finelistings Technologies Limited IPO Registrar:
Skyline Financial Services Private Ltd
Finelistings Technologies Limited IPO Lead Manager(s):
Fedex Securities Pvt Ltd
Company Contact Information:
Finelistings Technologies Limited
G-07, Ground Floor, Ambience Mall,
Nelson Mandela Road, Vasant Kunj,
South West Delhi, New Delhi - 110070
