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Finelistings Technologies IPO

  • Status: Closed
  • RHP:
  • ₹ 123,000 / 1000 shares

    Minimum Investment

IPO Details

  • Open Date

    07 May 2024

  • Close Date

    09 May 2024

  • IPO Price Range

    ₹ 123

  • IPO Size

    ₹ 13.53 Cr

  • Listing Exchange

    BSE SME

  • Listing Date

    14 May 2024

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Finelistings Technologies IPO Subscription Status

Last Updated: 16 May 2024 10:26 AM by 5Paisa

Last Updated: 9th May, 2024 by 5paisa

Finelistings Technologies IPO is all set to open from 7th May to 9th May 2024. The company retails pre-owned luxury cars as well as provides software development services. The IPO includes a fresh issue of 1,100,000 shares worth ₹13.53 cr. The share allotment date is 10th May 2024, and the IPO will be listed on 14th May 2024 on the stock exchanges. The price band is ₹123 and the lot size is 1000 shares.    

Fedex Securities Private Limited is the book-running lead manager for this IPO, while Skyline Financial Services Private Limited is the registrar. 

Objectives of Finelistings Technologies IPO:

Finelistings Technologies Limited plans to utilize the raised capital from the IPO to:

●    To fund the purchase of software.
●    To fund the capital capital requirements.
●    General Corporate Purposes.

Finelistings Technologies IPO Size

Types Size (₹Cr)
Total IPO size 13.53
Offer for sale -
Fresh issue 13.53

Finelistings Technologies IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 1,000 ₹123,000
Retail (Max) 1 1,000 ₹123,000
HNI (Min) 2 2,000 ₹246,000

Finelistings Technologies IPO Reservation

Investors Category Subscription (times) Shares Offered Shares bid for Total Amount (Cr.)
Market Maker 1 58,000 58,000 0.71
NII 29.85 5,21,000 1,55,52,000 191.29
Retail Investors 38.96 5,21,000 2,02,96,000 249.64
Total 37.44 10,42,000 3,90,11,000 479.84


Finelistings Technologies IPO Shareholding Pattern

Shareholding Pattern Pre issue % Post issue %
Promoter & Promoter Group 71.65 49.98

Established in 2018, Finelistings Technologies retails pre-owned luxury cars as well as provides software development services.

Luxury cars: Used premium and high-end luxury cars including sedans, SUVs, sports cars, and convertibles having an average sale price of Rs. 40.00 lakhs. This segment is run under the brand name of ‘FineCars’.

Software development: This includes digital technologies like cloud-based services, IT consulting services such as big data analytics, cloud architecture, data engineering, IoT solutions and offering-based solutions such as business intelligence analytics, cloud development, cloud solutions, data management, digital transformation, IoT development and web development.

Peer Comparison

●    CarTrade Tech Limited
●    Cambridge Technology Enterprises Limited
●    Globalspace Technology Limited

For More Information:
Webstory on Finelistings Technologies IPO

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue from operations 13.88 6.94 1.46
EBITDA 2.51 0.013 -0.23
PAT 1.78 -0.083 -0.17
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 10.15 1.54 0.60
Share Capital 2.53 0.011 0.011
Total Borrowings 6.64 1.06 0.034
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities -0.50 -0.55 -0.47
Net cash from / (used in) investing activities -0.15 -0.095 -0.093
Net cash flow from / (used in) financing activities 1.35 0.96 0.75
Net increase (decrease) in cash and cash equivalents 0.69 0.32 0.18


Strengths

1.    The company has diversified business offerings.
2.    ‘FineCars’ is a trusted brand for pre-owned automotive buyers and sellers.
3.    It is a quality-focused company.
4.    Experienced Promoters and management team
 

Risks

1.    Increasing competition in the used car business through online and offline players can impact the company.
2.    Intense competition in the market for technology services could affect the pricing.
3.    Its existing car showrooms are concentrated in a single region of Delhi, NCR,
4.    It has reported negative PAT in the past. 
5.    It has reported negative cash flows in the past. 
6.    High working capital requirements.
 

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FAQs

Finelistings Technologies IPO opens from 7th May to 9th May 2024.
 

The size of Finelistings Technologies IPO is ₹13.53 cr. 

To apply for Finelistings Technologies IPO, follow the steps given below:

●    Login to your 5paisa account and select the issue in the current IPO section    
●    Enter the number of lots and the price at which you wish to apply for Finelistings Technologies IPO.    
●    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

You will receive a mandate notification to block funds in your UPI app.

The price band of Finelistings Technologies IPO is fixed at ₹123  per share. 

The minimum lot size of Finelistings Technologies IPO is 1000 shares and the investment required is ₹1,23,000.

The share allotment date of Finelistings Technologies IPO is 10th May 2024.

The Finelistings Technologies IPO will be listed on 14th May 2024.

Fedex Securities Private Limited is the book-running lead manager for Finelistings Technologies IPO.

Finelistings Technologies Limited plans to utilize the raised capital from the IPO to:

●    To fund the purchase of software.
●    To fund the capital capital requirements.
●    General Corporate Purposes.