Finelistings Technologies Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 521,000 (47%) | — | ₹641 Cr |
| Retail | — | 521,000 (47%) | — | ₹641 Cr |
| Market Maker | — | 58,000 (5%) | — | ₹7 Cr |
| Σ Total | — | 1,100,000 (100%) | — | ₹13,530 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,000 | ₹123,000 |
| Retail (Max) | 13 | 13,000 | ₹1,599,000 |
| S-HNI (Min) | 14 | 14,000 | ₹1,722,000 |
| B-HNI (Min) | 67 | 67,000 | ₹8,241,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue | 1,360 | 1,391 | 694 |
| Profit After Tax | 277 | 179 | -8 |
| Net Worth | 619 | 352 | 48 |
| Total Assets | 969 | 1,016 | 154 |
| Reserves & Surplus | 375 | 98 | 47 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Purchase of Software; –
- To meet working capital requirements; and –
- General Corporate Purpose. –
Company Overview
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.