Finelistings Technologies IPO Details: The upcoming Initial Public Offering (IPO) of Finelistings Technologies has been scheduled, with the IPO slated to commence on May 7 and conclude on May 9. Finelistings Technologies, listed on the BSE SME platform, aims to raise ₹13.53 crores through this IPO, with a fixed price band of ₹123 per share and a market lot of 1000 shares.
Operating in a diverse range of sectors, Finelistings Technologies specializes in retailing pre-owned luxury cars and providing software development services that cater to digital transformation, data analytics, technology consulting, infrastructure, and security requirements of its clientele. Its service offerings encompass various digital technologies, including cloud-based services, IT consulting such as big data analytics, cloud architecture, data engineering, and IoT solutions. Additionally, they provide offering-based solutions such as business intelligence analytics, cloud development, data management, digital transformation, IoT development, and web development.
In the realm of pre-owned luxury car retail, Finelistings Technologies focuses on premium and high-end luxury cars, with an average sale price of ₹40.00 lakhs. Their operations extend to after-sales services, repairs (including sales of spare parts, lubricants, and accessories), and assisting clients in obtaining financial aid from third-party financiers. Their journey commenced in August 2022 with the inauguration of their first showroom, “Finecars,” located at Ambience Mall, Vasant Kunj, National Capital Region (NCR).
Their pre-owned luxury car business boasts a diverse inventory, comprising sedans, SUVs, sports cars, and convertibles. All vehicles undergo rigorous inspection and certification processes to ensure adherence to high-quality and reliability standards. Beyond vehicle sales, Finelistings Technologies offers financing, warranties, and maintenance services, thereby enhancing the overall customer experience and maximizing the value of their investments.
Finelistings Technologies IPO Objectives:
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 IPO Review (Apply or Not)
- Update Soon
Finelistings Technologies IPO Date & Price Band Details:
| IPO Open: | 7-May-2024 |
| IPO Close: | 9-May-2024 |
| IPO Size: | Approx ₹13.53 Crores, 1,100,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹123 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | [.]% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
Finelistings Technologies IPO Lot Size:
To participate in the Finelistings Technologies IPO, investors need to apply for a minimum market lot of 1000 shares, requiring an application amount of ₹123,000.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1000 | ₹123,000 |
| Retail Maximum | 1 | 1000 | ₹123,000 |
| S-HNI Minimum | 2 | 2000 | ₹246,000 |
Finelistings Technologies IPO Timeline:
The Finelistings Technologies IPO is scheduled to commence on May 7, 2024, and will conclude on May 9, 2024. Following the closure of the IPO, the allotment date is set for May 10, 2024, with anticipation for the IPO to be listed on May 14, 2024.
| IPO Open Date: | 7-May-2024 |
| IPO Close Date: | 9-May-2024 |
| Basis of Allotment: | 10-May-2024 |
| Refunds: | 13-May-2024 |
| Credit to Demat Account: | 13-May-2024 |
| IPO Listing Date: | 14-May-2024 |
Finelistings Technologies IPO GMP Today:
The Grey Market Premium (GMP) for the Finelistings Technologies SME IPO has yet to commence. We are diligently monitoring the GMP and updating the information daily. Please check back regularly for the latest updates on the GMP.
Our team analyzes the grey market activities over the last 29 sessions to provide insights into the daily trend of the IPO’s GMP. Currently, there hasn’t been any significant movement in the GMP, and we expect this trend to continue until the listing day. Stay tuned with us for the daily updates on the Finelistings Technologies SME IPO’s GMP, along with the anticipated listing price.
Finelistings Technologies Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹1.46 | ₹1.70 | ₹0.17 |
| 2022 | ₹6.94 | ₹6.98 | ₹0.83 |
| 2023 | ₹13.91 | ₹11.56 | ₹1.79 |
| July 2023 | ₹7.44 | ₹5.73 | ₹1.23 |
Finelistings Technologies IPO Valuation – FY2023
Check Finelistings Technologies IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹8.78 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 50.85% |
| Net Asset Value (NAV): | ₹13.87 per Equity Share |
Peer Group
- CarTrade Tech Limited
- Cambridge Technology Enterprises Limited
- Globalspace Technology Limited
Company Promoters
- Aneesh Mathur
- Arjun Singh Rajput
Finelistings Technologies IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Finelistings Technologies IPO Allotment Status
Check Finelistings Technologies IPO allotment status on Skyline Financial website URL. Click Here
Finelistings Technologies IPO Lead Managers aka Merchant Bankers
- Fedex Securities Pvt Ltd
Company Address
Finelistings Technologies Limited
G-07, Ground Floor, Ambience Mall,
Nelson Mandela Road, Vasant Kunj,
South West Delhi, New Delhi – 110070
Phone: +91 93551 11911
Email: cs@finelistings.com
Website: https://www.finecars.co.in/
