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Finelistings Technologies Limited IPO
Finelistings Technologies Ltd. (FTL) is engaged in diversified business viz., (a) retail of pre-owned luxury cars and (b) software development services, that address digital transformation, data analytics, technology consulting, infrastructure and security needs of customers. Its offerings are spread across the spectrum of various digital technologies such as cloud-based services, IT consulting services such as, big data analytics, cloud architecture, data engineering, IoT solutions and offering based solutions such as, business intelligence analytics, cloud development, cloud solutions, data management, digital transformation, IoT development and web development.
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 price is ₹123 per share. The minimum lot size for an application is 1000 Shares. Fedex Securities Pvt Ltd is the book running lead manager of the Fine Listings Technologies IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Finelistings Technologies IPO is Rikhav Securities.
Finelistings Technologies IPO Overview
| Detail | Description |
|---|---|
| IPO Date | May 7, 2024 to May 9, 2024 |
| Listing Date | [.] |
| 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 |
Finelistings Technologies IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| 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 |
Finelistings Technologies IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹123,000 |
| Retail (Max) | 1 | 1000 | ₹123,000 |
| HNI (Min) | 2 | 2,000 | ₹246,000 |
Finelistings Technologies IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the net offer |
| Other Shares Offered | 50% of the net offer |
Finelistings Technologies IPO Promoter Holding
| Share Holding Pre Issue | 71.65% |
| Share Holding Post Issue | 49.98% |
Company & Financials
The company was incorporated in 2018, Finelistings Technologies Limited is engaged in various businesses, namely (a) retail of used luxury cars and (b) software development services. The company started operations and opened its first showroom under the brand "Finecars" on August, 2022 at Ambience Mall, Vasant Kunj, National Capital Region (NCR). FTL's pre-owned luxury car business offers a wide range of cars, including sedans, SUVs, sports cars, and convertibles. All the vehicles it purchases are thoroughly inspected and certified, ensuring that they meet high standards for quality and reliability. In addition to selling vehicles, it also offers financing, warranties, and maintenance services to ensure that customers make the most of their investment.
Finelistings Technologies Limited Financial Information
| 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 | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| 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 |
Objectives of Finelistings Technologies IPO
The Net Proceeds from the Issue are proposed to be utilized by the company for the following objectives:
- 1. Purchase of Software.
- 2. To meet working capital requirements.
- 3. General Corporate Purpose.
Finelistings Technologies IPO Review
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.
FAQs for Finelistings Technologies IPO
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What Is The Size Of The Finelistings IPO?
The offer size of Finelistings Technologies is INR 13.53 crores crores consists of a fresh issue of 11, 00,000 lakh shares. The company seeks funds to allocate funds for purchasing software, meeting working capital needs, and serving general corporate purposes.
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What Is The Price Band Of The Finelistings IPO?
The price band of the issue is INR 123 per share.
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What Is The Allotment Date Of Finelistings Limited?
The allotment date of the Finelistings Limited IPO is May 10, 2024.
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When will Finelistings Technologies IPO list?
The Finelistings Technologies IPO list date is not yet available. The Finelistings Technologies IPO is planned to list on May 14, 2024, at BSE SME.
RHP:
RHP of Finelistings Technologies Limited IPO
DRHP:
DRHP of Finelistings Technologies Limited IPO
-
What Is The Size Of The Finelistings IPO?
The offer size of Finelistings Technologies is INR 13.53 crores crores consists of a fresh issue of 11, 00,000 lakh shares. The company seeks funds to allocate funds for purchasing software, meeting working capital needs, and serving general corporate purposes.
-
What Is The Price Band Of The Finelistings IPO?
The price band of the issue is INR 123 per share.
-
What Is The Allotment Date Of Finelistings Limited?
The allotment date of the Finelistings Limited IPO is May 10, 2024.
-
When will Finelistings Technologies IPO list?
The Finelistings Technologies IPO list date is not yet available. The Finelistings Technologies IPO is planned to list on May 14, 2024, at BSE SME.
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