Finelistings Technologies IPO is a fixed price issue of Rs 13.53 crores. The issue is entirely a fresh issue of 11 lakh shares.
Finelistings Technologies IPO opens for subscription on May 7, 2024 and closes on May 9, 2024. The allotment for the Finelistings Technologies IPO is expected to be finalized on Friday, May 10, 2024. Finelistings Technologies IPO will list on BSE SME with tentative listing date fixed as Tuesday, May 14, 2024.
Finelistings Technologies IPO price is ₹123 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹123,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹246,000.
Finelistings Technologies IPO Details
| IPO Date | May 7, 2024 to May 9, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹123 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 1,100,000 shares (aggregating up to ₹13.53 Cr) |
| Fresh Issue | 1,100,000 shares (aggregating up to ₹13.53 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,536,250 |
| Share holding post issue | 3,636,250 |
| Market Maker portion | 58,000 shares |
Finelistings Technologies IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Finelistings Technologies IPO Timeline (Tentative Schedule)
Finelistings Technologies IPO opens on May 7, 2024, and closes on May 9, 2024.
| IPO Open Date | Tuesday, May 7, 2024 |
| IPO Close Date | Thursday, May 9, 2024 |
| Basis of Allotment | Friday, May 10, 2024 |
| Initiation of Refunds | Monday, May 13, 2024 |
| Credit of Shares to Demat | Monday, May 13, 2024 |
| Listing Date | Tuesday, May 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 9, 2024 |
Finelistings Technologies IPO Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹123,000 |
| Retail (Max) | 1 | 1000 | ₹123,000 |
| HNI (Min) | 2 | 2,000 | ₹246,000 |
| Lot Size Calculator | |||
Finelistings Technologies IPO Promoter Holding
Aneesh Mathur and Arjun Singh Rajput are the promoters of the company.
| Share Holding Pre Issue | 71.65% |
| Share Holding Post Issue |
About Finelistings Technologies Limited
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.
Finelistings Technologies Limited Financial Information (Restated)
Finelistings Technologies Limited’s revenue increased by 100.29% and profit after tax (PAT) rose by 2247.9% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Jul 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,002.96 | 1,015.99 | 154.33 | 59.69 |
| Revenue | 743.61 | 1,390.62 | 694.32 | 146.43 |
| Profit After Tax | 123.20 | 178.92 | -8.33 | -17.26 |
| Net Worth | 475.03 | 351.83 | 47.91 | 56.24 |
| Reserves and Surplus | 221.41 | 98.21 | 46.79 | 55.12 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
The market capitalization of Finelistings Technologies IPO is Rs 44.73 Cr.
KPI as of February 29, 2024.
| KPI | Values |
|---|---|
| ROE | 43.16% |
| ROCE | 21.73% |
| RoNW | 44.05% |
| P/BV | 8.87 |
| PAT Margin (%) | 19.65 |
Check Finelistings Technologies IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.05 | 10.16 |
| P/E (x) | 17.44 | 12.1 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2023 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of July 31, 2023 that is available in RHP.
Objects of the Issue (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 Limited Contact Details
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/
Finelistings Technologies IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php