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Finelistings Technologies IPO is a fixed price issue of Rs 13.53 crores. The issue is entirely a fresh issue of 11 lakh shares.
Finelistings Technologies IPO bidding started from May 7, 2024 and ended on May 9, 2024. The allotment for Finelistings Technologies IPO was finalized on Friday, May 10, 2024. The shares got listed on BSE SME on May 14, 2024.
Finelistings Technologies IPO price is ₹123 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹123,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹246,000.
Fedex Securities Pvt Ltd is the book running lead manager of the Finelistings Technologies IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Finelistings Technologies IPO is Rikhav Securities.
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 |
| Price | ₹123 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 1,100,000 shares (aggregating up to ₹13.53 Cr) |
| Fresh Issue | 1,100,000 shares (aggregating up to ₹13.53 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,536,250 |
| Share holding post issue | 3,636,250 |
| Market Maker portion | 58,000 shares Rikhav Securities |
Finelistings Technologies IPO offers 1,100,000 shares. 521,000 (47.36%) to NII, 521,000 (47.36%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 58,000 (5.27%) |
| Other Shares Offered | 521,000 (47.36%) |
| Retail Shares Offered | 521,000 (47.36%) |
| Total Shares Offered | 1,100,000 (100%) |
Finelistings Technologies IPO opens on May 7, 2024, and closes on May 9, 2024.
| IPO Open Date | Tuesday, May 7, 2024 |
| IPO Close Date | Thursday, May 9, 2024 |
| Basis of Allotment | Friday, May 10, 2024 |
| Initiation of Refunds | Monday, May 13, 2024 |
| Credit of Shares to Demat | Monday, May 13, 2024 |
| Listing Date | Tuesday, May 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 9, 2024 |
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below 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 | ₹123,000 |
| Retail (Max) | 1 | 1000 | ₹123,000 |
| HNI (Min) | 2 | 2,000 | ₹246,000 |
| Lot Size Calculator | |||
Aneesh Mathur and Arjun Singh Rajput are the promoters of the company.
| Share Holding Pre Issue | 71.65% |
| Share Holding Post Issue | 49.98% |
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 |
| Revenue | 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 Rs 44.73 Cr.
KPI as of February 29, 2024.
| KPI | Values |
|---|---|
| ROE | 43.16% |
| ROCE | 21.73% |
| RoNW | 44.05% |
| P/BV | 8.87 |
| PAT Margin (%) | 19.65 |
| 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...
The Finelistings Technologies IPO is subscribed 37.44 times on May 9, 2024 6:18:03 PM. 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) |
|---|---|
| Other | 29.85 |
| Retail | 38.96 |
| Total | 37.44 |
Total Application : 23,784 (45.65 times)
| Listing Date | May 14, 2024 |
| BSE Script Code | 544173 |
| NSE Symbol | |
| ISIN | INE0QOQ01013 |
| Final Issue Price | ₹123 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹123.00 |
| ₹127.00 |
| ₹127.00 |
| ₹133.35 |
| ₹133.35 |
Finelistings Technologies Limited
G-07, Ground Floor, Ambience Mall,
Nelson Mandela Road, Vasant Kunj,
South West Delhi, New Delhi - 110070
Phone: +91 93551 11911
Email: cs@finelistings.com
Website: https://www.finecars.co.in/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Finelistings Technologies IPO is a SME IPO of 1,100,000 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 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.
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 Shares, and the minimum amount required is ₹123,000.
You can apply in Finelistings Technologies IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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Bhai aise company ka share free mai bhi nahi chahiye demat mai.