Finelistings Technologies IPO will open for subscription from 07 May 2024. The company aims for an issue size of ₹13.53 Cr through this IPO.
Company Overview
| Full name | Finelistings Technologies Limited |
| Sector | Diversified |
| Industry | Diversified |
| Company Website | https://www.finecars.co.in/ |
About Company
Finelistings Technologies is involved in a diverse range of businesses, including (a) retailing pre-owned luxury cars; and (b) software development services. In its pre-owned luxury car retail business, the company concentrates on premium and high-end luxury vehicles, with an average sale price of INR 40.00 lakhs. These include sedans, SUVs, sports cars, and convertibles. Additionally, the company provides after-sales services and repairs through affiliated service centers. It also assists clients in obtaining financial support from third-party financers. Finelistings Technologies commenced operations and inaugurated its inaugural showroom, operating under the brand name ‘Finecars,’ in August 2022 at Vasant Kunj, National Capital Region (NCR).
In its software development services, the company provides a range of offerings, including cloud-based services and IT consulting. These services encompass big data analytics, cloud architecture, data engineering, and IoT solutions. Additionally, the company offers solutions such as business intelligence analytics, cloud development, cloud solutions, data management, digital transformation, IoT development, and web development.
Under its buy-and-sell retail model, the company sold over 37 cars in FY 2023, 35 cars in FY 2022, and 14 cars in FY 2021. Additionally, during the stub period ending 31 July 2023, the company sold 14 cars. As of 31 October 2023, the company employed a total of 5 individuals.
The Objectives of the Issue
- Purchase of Software;
- To meet working capital requirements; and
- General Corporate Purpose.
Finelistings Technologies IPO Timetable
| IPO Opening date | 07 May 2024 |
| IPO Closing | 09 May 2024 |
| Basis of Allotment | 10 May 2024 |
| Initiation Refund | 13 May 2024 |
| Credit to Demat Account | 13 May 2024 |
| Listing Date | 14 May 2024 |
Finelistings Technologies IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹13.53 Cr – 1,100,000 shares |
| Fresh Issue | ₹13.53 Cr – 1,100,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹123 per share |
| Lot size | 1000 Shares |
| Market Maker portion | 58,000 shares |
| Shareholding pre-issue | 2,536,250 |
| Shareholding post-issue | 3,636,250 |
| Listing Exchange | BSE SME |
Finelistings Technologies IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹123,000 |
| Retail (Max) | 1 | 1000 | ₹123,000 |
| HNI (Min) | 2 | 2,000 | ₹246,000 |
Finelistings Technologies IPO Reservation Details
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Finelistings Technologies Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 4M FY 2024 | |
| Revenue | 1.46 | 6.94 | 13.89 | 7.44 |
| Expenses | 1.70 | 6.98 | 11.56 | 5.73 |
| Net income | (0.17) | (0.08) | 1.79 | 1.23 |
Finelistings Technologies Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (0.85) | (0.41) | 8.78 |
| PE ratio | – | – | – |
| RONW (%) | (30.69) | (17.39) | 50.85 |
| NAV | 2.76 | 2.35 | 13.87 |
| ROCE (%) | (41.54) | 0.23 | 52.37 |
| EBITDA (%) | (15.71) | 0.19 | 18.08 |
| Debt/Equity | – | 2.09 | 0.36 |
Company Promoters
- Aneesh Mathur
- Arjun Singh Rajput
Promoter Holding
| Pre Issue Share Holding | 71.65% |
| Post Issue Share Holding |
Finelistings Technologies IPO Lead Manager(s)
FEDEX SECURITIES PRIVATE LIMITED
B 7, 3rd Floor, Jay Chambers, Dayaldas Road,
Vile Parle – [East], Mumbai – 400 057, Maharashtra
Phone: +91 81049 85249
Email: mb@fedsec.in
Website: www.fedsec.in
Finelistings Technologies Registrar
SKYLINE FINANCIAL SERVICES PVT. LTD
D-153 A, 1st Floor, Okhla Industrial Area,
Phase – I, New Delhi-110020
Phone: +91- 11-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Finelistings Technologies Contact Details
FINELISTINGS TECHNOLOGIES LIMITED
G-07, Ground Floor, Ambience Mall, Nelson Mandela Road,
Vasant Kunj, South West Delhi, New Delhi – 110070, India
Phone: +91 93551 11911
E-mail: cs@finelistings.com
Website: www.finecars.co.in
Finelistings Technologies IPO Allotment Status
Finelistings Technologies IPO allotment status will be available on Skyline Financial Services’ website. Click on this link to get allotment status.
Final thoughts
Finelistings Technologies IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
