Finelistings Technologies Limited IPO
BSE SMEListed On: May 14, 2024 at ₹ 127.0
₹ 246000 /2000 Shares
*Min Investment
07 May, 2024
Open Date09 May, 2024
Close Date10 May, 2024
Allotment Date14 May, 2024
Listing DateFinelistings Technologies Limited IPO Issue Details
- Issue Price ₹123 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 11,00,000 shares(aggregating up to ₹13.53 crore)
- Fresh Share 11,00,000 shares(aggregating up to ₹13.53 crore)
- Listing at BSE SME
- List Price 127.0
- Listing Date 2024-05-14
- Lead Manager Fedex Securities Pvt Ltd
- Registrar Skyline Financial Services Private Ltd
Market Lot Size
Investors can bid for a minimum of 1000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1000 | ₹1,23,000 |
| Retail(max) | 1 | 1000 | ₹1,23,000 |
| NII (min) | 2 | 2,000 | ₹2,46,000 |
Finelistings Technologies Limited IPO Reservation
Finelistings Technologies Limited IPO offers total 1,100,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,521,000 (47.36%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | NA (NA%) | |
| Market Maker Shares Offered | 58,000 (5.27%) | |
| Retail Shares Offered | 521,000 (47.36%) | |
| Total Shares Offered | 1,100,000 (100%) |
Finelistings Technologies Limited IPO Details
Finelistings Technologies Limited IPO is an SME IPO, priced at ₹123 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the BSE SME platform. The IPO comprises a total issue of 11,00,000 equity shares, aggregating up to ₹13.53 crores..
The IPO bidding window is open from May 7, 2024 to May 9, 2024. The allotment is expected to be finalized on May 10, 2024, and the tentative listing date is May 14, 2024.
The minimum lot size for Retail investors is 1000 shares, with a minimum investment of ₹1,23,000. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,46,000.
Fedex Securities Pvt Ltd is acting as the lead manager to the issue. The registrar of the IPO is Skyline Financial Services Private Ltd, and Rikhav Securities Limited will act as the market maker for this issue.
Finelistings Technologies Limited IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 521,000 | 521,000 | 1,042,000 |
Day 1 07-05-24 06:00 PM | 0.60 x | 3.29 x | 1.94 x |
Day 2 08-05-24 06:00 PM | 2.31 x | 11.63 x | 6.97 x |
Day 3 09-05-24 06:00 PM | 36.03 x | 38.96 x | 37.49 x |
Finelistings Technologies Limited Valuations
Finelistings Technologies Limited Company Financials
| 29-Feb-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| Assets | 968.92 | 1,015.99 | 154.33 |
| Revenue | 1,359.97 | 1,390.62 | 694.32 |
| Profit After Tax | 276.99 | 178.92 | -8.33 |
About Finelistings Technologies Limited Company
Incorporated in 2018, Finelistings Technologies Limited is an enterprise involved in several business activities, namely (a) retail of used luxury cars and (b) software development services.
1. Retail of used luxury cars: In this business segment, the Company retails used premium and high-end luxury vehicles, with an average selling price of ₹ 40.00 lakhs. The vehicle types sold include sedans, sports cars, SUVs, and convertibles. After-sales services and repairs are provided through associated service centers. The company also assists its buyers in obtaining financings from other financiers, as well as third-party financing sources. The company officially began its journey and launched its showroom under the Finecars brand in August 2022 at Ambience Mall, Vasant Kunj, NCR.
2. Software development service: In this paradigm, the business provides cloud-related services, as well as services in IT consultancies, ranging from big data analytics, cloud architectures, data engineering, IoT, and solutions comprising business intelligence analytics, cloud development, cloud solutions, data management, digital transformation, IoT development, and web development.
As at October 31, 2023, a total of 5 employees working for the firm.
Finelistings Technologies Limited - Promoter(s)
Aneesh Mathur
Arjun Singh Rajput
Pre Issue Share Holding : 71.65%
Post Issue Share Holding : 49.98%
Finelistings Technologies Limited IPO - Issue Objectives
Purchase of Software
To meet working capital requirements
General Corporate Purpose.
Finelistings Technologies Limited IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Finelistings Technologies Limited | 8.78 | 8.78 | 13.87 | 14.04 | 50.85 | 8.87 | Standalone |
| CarTrade Tech Limited | 7.28 | 6.71 | 454.48 | 92.73 | 1.6 | 1.58 | Standalone |
| Cambridge Technology Enterprises Limited | 4.15 | 4.15 | 50.32 | 16.56 | 8.27 | 1.82 | Standalone |
| Globalspace Technology Limited | 0.46 | 0.46 | 31.47 | 48.39 | 1.44 | 0.68 | Standalone |
Notes:
- The figures for Finelistings Technologies Limited are based on the restated standalone financial statements for the year ended March 31, 2023.
- Considering the nature and size of the business of Finelistings Technologies Limited, the peers are not strictly comparable. However, the above companies are included for broad comparison.
- The P/E Ratio for the peer companies has been computed based on the closing market price of respective equity shares as on November 21, 2023, divided by the Basic/Diluted EPS as applicable.
- NAV is computed as the closing net worth divided by the closing outstanding number of equity shares.
- Return on Net Worth (RoNW) is computed as net profit after tax (excluding comprehensive income), divided by closing net worth.
- Net worth is computed as the aggregate of share capital and reserves and surplus (excluding Revaluation Reserves).
Contact Details
Finelistings Technologies Limited
G-07, Ground Floor, Ambience Mall, Nelson Mandela Road, Vasant Kunj, South West Delhi, New Delhi - 110070
+91 93551 11911
Registrar Contact Details
Skyline Financial Services Private Ltd
02228511022
Finelistings Technologies Limited IPO - FAQs
Ans. Finelistings Technologies Limited IPO is a SME IPO. The issue is priced at ₹123 per equity share. The minimum order quantity is 1000 Shares. The IPO opens on May 7, 2024, and closes on May 9, 2024. Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Ans. The Finelistings Technologies Limited IPO opens on May 7, 2024 and closes on May 9, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of Finelistings Technologies Limited IPO is 1,100,000 shares(aggregating up to ₹13.53 Cr).
Ans. The Finelistings Technologies Limited IPO price band is set between ₹123 per equity share.
Ans. To apply for Finelistings Technologies Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Finelistings Technologies Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Finelistings Technologies Limited IPO is May 10, 2024.
Ans. The Finelistings Technologies Limited IPO will be listed on May 14, 2024.
Ans. Follow the steps to check the Finelistings Technologies Limited IPO allotment status online.
