Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Finelistings Technologies IPO is a fixed price issue of ₹13.53 crores. The issue is entirely a fresh issue of 0.11 crore shares of ₹13.53 crore.
Finelistings Technologies IPO bidding started from May 7, 2024 and ended on May 9, 2024. The allotment for Finelistings Technologies IPO was finalized on May 10, 2024. The shares got listed on BSE SME on May 14, 2024.
Finelistings Technologies IPO price is ₹123.00 per share . The lot size for an application is 1,000. The minimum amount of investment required by an individual investor (retail) is ₹1,23,000 (1000 shares). The minimum lot size investment for HNI is 2 lots (2,000 shares), amounting to ₹2,46,000.
Fedex Securities Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Rikhav Securities Ltd..
Refer to Finelistings Technologies IPO RHP for detailed Information.
| IPO Date | May 7, 2024 to May 9, 2024 |
| Listing Date | May 14, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹123 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 11,00,000 shares (aggregating up to ₹13.53 Cr) |
| Reserved for Market Maker | 58,000 shares Rikhav Securities Ltd. (aggregating up to ₹0.7134 Cr) |
| Net Offered to Public | 10,42,000 shares (aggregating up to ₹12.82 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 25,36,250 shares |
| Share Holding Post Issue | 36,36,250 shares |
Finelistings Technologies IPO offers total 11,00,000 shares. Out of which 5,21,000 (47.36%) allocated to NII, 5,21,000 (47.36%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 58,000 (5.27%) |
| NII (HNI) Shares Offered | 5,21,000 (47.36%) |
| Retail Shares Offered | 5,21,000 (47.36%) |
| Total Shares Offered | 11,00,000 (100.00%) |
Finelistings Technologies IPO opens on May 7, 2024, and closes on May 9, 2024.
| IPO Open Date | Tue, May 7, 2024 |
| IPO Close Date | Thu, May 9, 2024 |
| Tentative Allotment | Fri, May 10, 2024 |
| Initiation of Refunds | Mon, May 13, 2024 |
| Credit of Shares to Demat | Mon, May 13, 2024 |
| Tentative Listing Date | Tue, May 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, May 9, 2024 |
Investors can bid for a minimum of 1,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹1,23,000 |
| Retail (Max) | 1 | 1,000 | ₹1,23,000 |
| HNI (Min) | 2 | 2,000 | ₹2,46,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| Period Ended | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 968.92 | 1,015.99 | 154.33 | 59.69 |
| Total Income | 1,359.97 | 1,390.62 | 694.32 | 146.43 |
| Profit After Tax | 276.99 | 178.92 | -8.33 | -17.26 |
| Net Worth | 618.96 | 351.83 | 47.91 | 56.24 |
| Reserves and Surplus | 375.20 | 98.21 | 46.79 | 55.12 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Finelistings Technologies IPO is ₹44.73 Cr.
KPI as of Thu, Feb 29, 2024.
| KPI | Values |
|---|---|
| ROE | 43.16% |
| ROCE | 21.73% |
| RoNW | 44.05% |
| PAT Margin | 19.65% |
| Price to Book Value | 8.87 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 7.05 | 8.31 |
| P/E (x) | 17.44 | 14.8 |
The Net Proceeds from the Issue are proposed to be utilized by the company for the following objects:
[Dilip Davda] The company is engaged in re-owned luxury car retail/ software development, and digital transformation services. The company posted losses for FY21 and FY22 and turned the corner from FY23. Margins posted for 11M of FY24 appears to be a window dressing for paving the way for fancy valuations. Based on FY24 annualized super earnings, the issue appears fully priced. Small post-IPO equity capital indicates longer gestation period. There is no harm in skipping this “High Risk/Low Return” bet. Read detail review...
| Listing Date | May 14, 2024 |
| BSE Script Code | 544173 |
| NSE Symbol | |
| ISIN | INE0QOQ01013 |
| Final Issue Price | ₹123 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹123.00 |
| Open | ₹127.00 |
| Low | ₹127.00 |
| High | ₹133.35 |
| Last Trade | ₹133.35 |
Finelistings Technologies Ltd.
G-07, Ground Floor, Ambience Mall,
Nelson Mandela Road, Vasant Kunj,
South West Delhi, New Delhi - 110070
South West Delhi, New Delhi
Phone: +91 93551 11911
Email: cs@finelistings.com
Website: https://www.finecars.co.in/
Skyline Financial Services Pvt.Ltd.
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
Finelistings Technologies IPO is a SME IPO of 11,00,000 equity shares of the face value of ₹10 aggregating up to ₹13.53 Crores. The issue is priced at ₹123 per share. The minimum order quantity is 1000.
The IPO opens on May 7, 2024, and closes on May 9, 2024.
Skyline Financial Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Finelistings Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Finelistings Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Finelistings Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Finelistings Technologies IPO opens on May 7, 2024 and closes on May 9, 2024.
Finelistings Technologies IPO lot size is 1000, and the minimum amount required for application is ₹1,23,000.
You can apply in Finelistings Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Finelistings Technologies IPO will be done on Friday, May 10, 2024, and the allotted shares will be credited to your demat account by Monday, May 13, 2024. Check the Finelistings Technologies IPO allotment status.
The Finelistings Technologies IPO listing date is on Tuesday, May 14, 2024.
Useful Articles
RHP