Finelistings Technologies IPO: Open/Close Date, Price, Lot Size, Allotment, Subscription

Q: When will Finelistings Technologies Ltd's IPO open for subscription?

The IPO subscription window will open on May 7, 2024 .

IPO Details

Bidding Dates

06 May '24 - 08 May '24

Minimum Investment

₹1,23,000 / 1 Lot ( 1,000 Shares )

Price Range

₹123

Maximum Investment

₹1,23,000 / 1 Lot ( 1,000 Shares )

Retail Discount

To be announced

Issue Size

₹13.53 Cr

Investor category and sub category

Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |

IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

May 6, 2024

IPO Closing Date

May 8, 2024

Basis of Allotment

May 9, 2024

Initiation of Refunds

May 12, 2024

Credit of Shares to Demat

May 12, 2024

IPO Listing Date

May 13, 2024

Cut-off time for UPI mandate confirmation

May 8, 2024

About Finelistings Technologies Ltd

Established in 2018, Finelistings Technologies Limited operates across diverse sectors including the retail of pre-owned luxury automobiles and software development services.

In the realm of retailing used luxury cars, the company specializes in the sale of premium and high-end vehicles such as sedans, SUVs, sports cars, and convertibles, with an average price point of ₹ 40.00 lakhs. Beyond sales, Finelistings Technologies Limited extends comprehensive after-sales support and repair services through affiliated service centers.

Additionally, the company facilitates financial assistance from third-party financiers to streamline the purchasing process for its clientele. Notably, the company inaugurated its inaugural showroom under the Finecars brand in August 2022, situated at Ambience Mall, Vasant Kunj, in the National Capital Region (NCR).

In the domain of software development services, Finelistings Technologies Limited offers a spectrum of cloud-based solutions and IT consultancy services encompassing big data analytics, cloud architecture, data engineering, and IoT solutions.

Their services includes services like business intelligence analytics, cloud development, data management, digital transformation, IoT development, and web development.

Through its dual focus on luxury car retailing and cutting-edge software solutions, Finelistings Technologies Limited presents itself as a multifaceted player in the contemporary business landscape.

Industry Outlook:

The IT industry accounted for 7.4% of India’s GDP in FY22, and it is expected to contribute 10% to India’s GDP by 2025.
Spending on information technology in India is expected to reach US$ 144 billion in 2023. Organised players like Finelisting may benefit from such expansion of the IT industry.

Finelistings Technologies Ltd IPO Details

Finelistings Technologies Ltd IPO Dates

Finelistings Technologies IPO is open from May 7, 2024, to May 9, 2024. The IPO will be listed on BSE SME.

Finelistings Technologies Ltd IPO Price Band

Finelistings Technologies is a fixed price issue IPO. The price is set at ₹123 per share.

Finelistings Technologies Ltd IPO Lot Size

The lot size for Finelistings Technologies Limited’s IPO is 1,000 shares with a minimum investment of ₹1,23,000.

Finelistings Technologies Ltd IPO Objectives

The company plans to allocate the net proceeds from the issuance to the following purposes:

Purchase of Software
To meet working capital requirements
General Corporate Purpose

Peer Details

The companies considered by Finelistings Technologies as its peers include:

CarTrade Tech Limited
Cambridge Technology Enterprises Limited
Globalspace Technology Limited

How To Check the Allotment Status of the Finelistings Technologies Ltd IPO?

Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app.
Go to the Individual order details page of the IPO that you had applied for.
Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email and SMS.

Contact Details of Finelistings Technologies Ltd

Registered office: 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

IPO Financials

Particulars	4-Month period Ending on July 31, 2023	Year Ending on March 31, 2023	Year Ending on March 31, 2022	Year Ending on March 31, 2021
Revenue from Operations (in ₹ lakh)	743.59	1,388.75	694.12	146.34
Profit After Tax (PAT) (in ₹ lakh)	123.20	178.92	(8.33)	(17.26)
Cash & Cash Equivalents (in ₹ lakh)	48.24	121.09	52.13	19.99
Net Worth (in ₹ lakh)	475.03	351.83	47.91	56.24
Debt to Equity Ratio(x)	0.12	0.36	2.09	-
Return on Equity (%)	25.94%	50.85%	(17.39%)	(30.69%)
Return on Capital Employed (RoCE) (%)	32.94%	52.37%	0.23%	(41.54%)
Diluted Earning Per Share (EPS)-in absolute ₹	4.86	8.78	(0.41)	(0.85)

Know before investing

Strengths

The company’s offerings are highly diversified. Even within the IT services space, they offer a fairly wide variety of solutions.
Their focused approach of dealing in pre-owned premium and luxury cars can be leveraged to partner with companies such as banks, insurance companies, vehicle accessory companies, etc.
Even within the business of retailing premium and luxury pre-owned cars, they focus on the use of technology to scale more quickly and efficiently.

Risks

Their top ten customers contributed 96.79%, 65.71%, 51.91% and 83.99% in their revenues from operation for the period ended on July 31, 2023, and FY 2023, FY 2022, and FY 2021, respectively. This makes their revenues vulnerable to the decisions of a very small group of clients.
The used car market in India is marked by intense competition. Increasing competition in the used car business through online and offline players, including authorised dealers, and unorganised players may have an adverse impact on their business, result of operations and financial condition.
They rely on third-party service providers for many aspects of their business, and any failure to maintain these relationships could harm their business.