Fixed Price IPO | ₹14 Cr | Listed at BSE SME | Tue, May 7, 2024 - Thu, May 9, 2024
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Tue, May 7, 2024
IPO Close
Thu, May 9, 2024
Issue Price
₹123 per share
Market Cap (Pre-IPO)
₹44.73 Cr
| IPO Date | 7 to 9 May, 2024 |
| Listed on | Tue, May 14, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹123 per share |
| Lot Size | 1,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 11,00,000 shares (agg. up to ₹14 Cr) |
| Reserved for Market Maker | 58,000 shares Rikhav Securities Ltd. (agg. up to ₹0.7134 Cr) |
| Fresh Issue (Ex Market Maker) | 10,42,000 shares (agg. up to ₹13 Cr) |
| Net Offered to Public | 10,42,000 shares (agg. up to ₹13 Cr) |
| Share Holding Pre Issue | 25,36,250 shares |
| Share Holding Post Issue | 36,36,250 shares |
| BSE Script Code | 544173 |
| ISIN | INE0QOQ01013 |
Finelistings Technologies IPO comprises a total issue size of 11,00,000 shares. The net offer to the public is 10,42,000 shares, after excluding 58,000 shares allotted on a firm basis. Of the Net offer 5,21,000 (50.00%) allocated to NII 5,21,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,21,000 | 50.00% | 47.36% |
| Retail Shares Offered | 5,21,000 | 50.00% | 47.36% |
| Firm Reservations | |||
| Market Maker Shares Offered | 58,000 | 5.27% | |
| Total Shares Offered | 11,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,000 shares and in multiples thereof.
| 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 |
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 | 9.69 | 10.16 | 1.54 | 0.60 |
| Total Income | 13.60 | 13.91 | 6.94 | 1.46 |
| Profit After Tax | 2.77 | 1.79 | -0.08 | -0.17 |
| NET Worth | 6.19 | 3.52 | 0.48 | 0.56 |
| Reserves and Surplus | 3.75 | 0.98 | 0.47 | 0.55 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Purchase of Software | 5.00 |
| 2 | To meet working capital requirements | 5.00 |
| 3 | General corporate purposes | 2.43 |
| KPI | Feb 29, 2024 |
|---|---|
| ROE | 43.16% |
| ROCE | 21.73% |
| RoNW | 44.05% |
| PAT Margin | 19.65% |
| Price to Book Value | 8.87 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.05 | 8.31 |
| P/E (x) | 17.44 | 14.8 |
| Promoter Holding | 71.65% | 49.98% |
| Market Cap | ₹44.73 Cr. |
The Finelistings Technologies IPO is subscribed 37.44 times on May 9, 2024 6:18:03 PM (Day 3). The public issue subscribed 38.96 times in the retail category, [.] times in the QIB category, and 29.85 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 29.85 | 5,21,000 | 1,55,52,000 |
| Retail | 38.96 | 5,21,000 | 2,02,96,000 |
| Total | 37.44 | 10,42,000 | 3,90,11,000 |
Total Application : 23,784
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager fees | 0.20 |
| 2 | Fees payable to Registrars to the issue, Legal and Other Advisory Services, Advertising and marketing Expenses, distribution, Printing and Distribution of issue stationery, Brokerage, Selling Commission for SCSB, Register Brokers, Sponsor Bank and upload fees | 0.48 |
| 3 | Fees payable to regulators including stock exchanges | 0.14 |
| 4 | Others (Fees payable for Market making, Underwriting fees and Miscellaneous Expenses) | 0.28 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹123.00 |
| Open | ₹127.00 |
| Low | ₹127.00 |
| High | ₹133.35 |
| Last Trade | ₹133.35 |
Lead Manager Reports
Finelistings Technologies IPO is a SME IPO of 11,00,000 equity shares of the face value of ₹10 aggregating up to ₹14 Crores. The issue is priced at ₹123 per share. The minimum order quantity is 1000.
The IPO opens on Tue, May 7, 2024, and closes on Thu, 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 Tue, May 7, 2024 and closes on Thu, 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 Mon, May 13, 2024. Check the Finelistings Technologies IPO allotment status.
The Finelistings Technologies IPO listing date is on Tue, May 14, 2024.
