Finelistings Technologies is scheduled to hit the market on May 07, 2024 and close on May 09, 2024. Finelistings Technologies plans to raise around ₹13.53 Cr through an IPO with a sale of up to 1,100,000 equity shares of ₹10 each. The Retail offered 50%, Others Shares Offered 50%.
Finelistings Technologies, established in 2018, operates in two main sectors. Firstly, the company specializes in retailing used luxury cars, including premium sedans, SUVs, sports cars, and convertibles, with an average selling price of ₹40.00 lakhs. They provide after-sales services and repairs through affiliated service centers and assist customers in obtaining financial support from third-party financiers. In August 2022, the company initiated operations by opening its initial showroom under the Finecars brand at Ambience Mall, Vasant Kunj, in the National Capital Region (NCR).
Secondly, Finelistings Technologies offers software development services such as cloud-based solutions, IT consulting services encompassing big data analytics, cloud architecture, data engineering, and IoT solutions. Additionally, they provide various software solutions including business intelligence analytics, cloud development, data management, digital transformation, IoT development, and web development. As of October 31, 2023, the company had a total of 5 employees contributing to its operations and growth in both business segments.
Finelistings Technologies IPO Details
Finelistings Technologies IPO opens on May 07, 2024, and closes on May 09, 2024. The Listing date for Finelistings Technologies IPO is on May 14, 2024. The price band for IPO is ₹123 per share and lot size of 1000 Shares.
| IPO Date | May 07, 2024 to May 09, 2024 |
| Listing Date | May 14, 2024 |
| Price | ₹123 per share |
| Lot Size | 1000 Shares |
| Issue Size | ₹13.53 Cr |
| Face Value | ₹10 per share |
Finelistings Technologies IPO Tentative Timetable
Finelistings Technologies opening date is May 07, 2024 and close date is May 09, 2024. The IPO allotment date is May 10, 2024. The refund initiation of IPO is on May 13, 2024. The credit of shares in demat account is on May 13, 2024. The listing date is on May 14, 2024.
| Event | Date |
|---|---|
| IPO Opening | May 07, 2024 |
| IPO Closing | May 09, 2024 |
| IPO Allotment Date | May 10, 2024 |
| Refund Initiation | May 13, 2024 |
| Shares Credit to Demat | May 13, 2024 |
| Lisiting Date | May 14, 2024 |
Finelistings Technologies IPO Lot Size
Lot Size of this IPO is 1000 shares. A retail-individual investor can apply for up to 1 lots (1000 shares or ₹123,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1000 | ₹123,000 |
| Retail(Maximum) | 1 | 1000 | ₹123,000 |
| HNI (Minimum) | 2 | 2000 | ₹246,000 |
Finelistings Technologies IPO Promoter Holding
| Pre Issue Share Holding | 71.65% |
| Post Issue Share Holding |
Finelistings Technologies IPO Review
Finelistings Technologies, a company established in 2018, is set to launch its IPO with a market capitalization of Rs 44.73 Cr. The company operates in two main sectors: retail of used luxury cars and software development services. In the luxury car segment, they specialize in selling premium vehicles like sedans, SUVs, sports cars, and convertibles, along with providing after-sales services and assistance in securing financial support. On the other hand, their software development services include a range of IT solutions such as big data analytics, cloud architecture, IoT solutions, and web development. Despite having only 5 employees as of October 31, 2023, Finelistings Technologies has shown remarkable financial growth, with revenue surging by 100.29% and profit after tax skyrocketing by 2247.9% between March 31, 2022, and March 31, 2023.
The Key Performance Indicators (KPI) of Finelistings Technologies as of February 29, 2024, reflect the company's strong financial standing. With Return on Equity (ROE) at 43.16%, Return on Capital Employed (ROCE) at 21.73%, and Return on Net Worth (RoNW) at 44.05%, the company demonstrates efficient utilization of resources. The Price-to-Book Value (P/BV) ratio stands at 8.87, indicating a potentially lucrative investment opportunity. Moreover, the company's Profit After Tax (PAT) Margin is robust at 19.65%, showcasing healthy profitability. The Pre-IPO and Post-IPO earnings per share (EPS) of Rs 7.05 and Rs 10.16 respectively highlight the growth prospects associated with investing in Finelistings Technologies.
In conclusion, Finelistings Technologies IPO presents an exciting opportunity for investors looking to capitalize on the company's dual business model in luxury car retail and software development services. With a strong financial performance, impressive KPIs, and clear objectives for the utilization of IPO proceeds towards software purchases, working capital needs, and general corporate purposes, the IPO appears to be well-positioned for success. Investors seeking exposure to a dynamic company showing substantial growth potential may find Finelistings Technologies IPO a compelling investment prospect in the current market scenario.
Finelistings Technologies IPO Subscription Status (Bidding Details)
Table not foundFinelistings Technologies IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Finelistings Technologies IPO FAQs
What is Finelistings Technologies IPO?
Finelistings Technologies is issuing 1,100,000 equity shares with a face value of 10 each, totaling up to ₹13.53 Cr. The shares are being offered at a price of ₹123 each, with a minimum order quantity of 1000 shares.
Skyline Financial Services Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Finelistings Technologies IPO will open?
Finelistings Technologies will open on May 07, 2024 for QIB, NII, and Retail Investors.
When Finelistings Technologies IPO will end?
Finelistings Technologies will end on May 09, 2024.
What is Finelistings Technologies IPO Size?
Finelistings Technologies IPO size is ₹13.53 Cr.
What is Finelistings Technologies IPO Price Band?
Finelistings Technologies price band is ₹123 per share.
What is the Finelistings Technologies IPO Allotment Date?
Finelistings Technologies allotment date is May 10, 2024.
What is the Finelistings Technologies IPO Listing Date?
Finelistings Technologies listing date is May 14, 2024. The IPO is to be listed on BSE and NSE.
How to Finelistings Technologies IPO through Zerodha?
To apply for the IPO “Finelistings Technologies” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Finelistings Technologies IPO through Upstox?
To apply for the IPO “Finelistings Technologies” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Finelistings Technologies IPO Allotment Status?
For Finelistings Technologies IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Finelistings Technologies IPO GMP?
You can check out here: Finelistings Technologies IPO GMP