Finelistings Technologies was incorporated on March 23, 2018. The company is engaged in diversified businesses, including the retail of pre-owned luxury cars and providing software development services. These services address various needs such as digital transformation, data analytics, technology consulting, infrastructure, and security for its customers.
| Bidding Dates |
|---|
| 07 May 2024 - 09 May 2024 |
| Subscription |
|---|
| 35.52x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,23,000 | 1 | 1 | 1000 | 1.1 M | ₹123 | 49.98 % | ₹135.3 M | RHP DOC |
Finelistings Tech IPO SUBSCRIPTION STATUS
09 May '24Finelistings Tech IPO overall subscription rate was 35.52 times the total available shares
Finelistings Tech IPO retail subscription rate was 36.9 times in the retail segment
Finelistings Tech IPO non-institutional investor subscription rate was 34.13 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
09 May 2024 (Day 3) | 36.9x | 34.13x | - |
08 May 2024 (Day 2) | 11.02x | 2.19x | - |
07 May 2024 (Day 1) | 3.12x | 0.57x | - |
Finelistings Tech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 11MFY24 | 27.7 | 135.9 | -12.7 | -16.3 | 28.4% |
| FY23 | 17.9 | 138.9 | -5.0 | -6.6 | 18.1% |
| FY22 | -0.8 | 69.4 | -5.5 | -6.4 | 0.2% |
| FY21 | -1.7 | 14.6 | -4.7 | -5.7 | -15.7% |
Finelistings Tech IPO SUBSCRIPTION STATUS DETAILS
Finelistings Tech had 1.1 M shares on offer
Finelistings Tech IPO offer price was ₹123
Finelistings Tech IPO minimum Investment was ₹123000
Finelistings Tech IPO issue size was ₹ 135.3 M
Finelistings Tech had a minimum lot size of 1000 Shares per application
Finelistings Tech NUMBER OF SHARES ON OFFER
Finelistings Tech IPO IMPORTANT DATES
| Issue Open Date | 07 May 2024 |
| Issue close Date | 09 May 2024 |
| Allotment Date | 10 May 2024 |
| Refund Date | 13 May 2024 |
| Demat Account Credit Date | 13 May 2024 |
| Listing Date | 14 May 2024 |
| Listing on Exchange(s) | BSE |
| Finelistings Tech Allotment Status | Exchange |
Finelistings Tech IPO subscription opened on 07 May 2024, and closed on 09 May 2024
IPO allotment for Finelistings Tech was finalized on Friday, 10 May 2024
IPO listing for Finelistings Tech was on BSE on Tuesday, 14 May 2024
Finelistings Tech IPO LISTING GAINS
| Issue Price (adjusted) | 123.0 |
| Listing Open Price | 127.0 |
| Listing Close Price | 133.3 |
| Listing Gain% | 3.3% |
| Current Gain% | -89.8% |
Finelistings Tech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Finelistings Technologies Ltd. | 12.5 | 4.5 | -1.4 | 0.1 | 0.8 | -30.8 | -26.3 | 6 | -68.6 | -3.3 | 11.2 | -9.2 | -11.2 |
| Eternal Ltd. | 315 | 303986 | 702 | 15.7 | 4.5 | 1.2 | 0.9 | 55760 | 161.5 | 366 | -30.6 | 0.4 | 44.8 |
| FSN E-Commerce Ventures Ltd. | 332 | 95081.1 | 371.2 | 1.7 | 8.9 | 13.9 | 4.3 | 10055.1 | 26.1 | 199.4 | 201.8 | 0.9 | 221.1 |
| Meesho Ltd. | 191.4 | 88472 | -73.7 | 6.4 | -31 | -17.2 | 13099.1 | 32.3 | -1357.7 | 65.6 | -2.6 | ||
| Info Edge (India) Ltd. | 1225.3 | 79451 | 54.8 | 1.1 | 24.2 | 3.8 | 3 | 4343.3 | 10.7 | 1449.8 | 50.7 | 22.4 | 50.7 |
| Swiggy Ltd. | 280.8 | 77495.8 | -20.7 | 16.9 | 3.1 | -22.7 | -16.4 | 23561 | 50.8 | -4154 | -33.3 | -13.6 | -1.2 |
Finelistings Tech INFORMATION ON IPO ISSUE
About Finelistings Tech
Finelistings Technologies was incorporated on March 23, 2018. The company is engaged in diversified businesses, including the retail of pre-owned luxury cars and providing software development services. These services address various needs such as digital transformation, data analytics, technology consulting, infrastructure, and security for its customers.
Object of the Issue
- Purchase of software
- To meet working capital requirements
- General corporate purpose
Finelistings Tech - PROMOTERS
| Name |
|---|
| Aneesh Mathur |
| Arjun Singh Rajput |
Finelistings Tech Lead Manager to the Issue
Fedex Securities Private Limited
mb@fedsec.in
Finelistings Tech Registrar to the Issue
Skyline Financial Services Private Limited
ipo@skylinerta.com
Finelistings Tech Strengths
Diversified business offerings
The company is engaged in diversified businesses, including the retail of pre-owned luxury cars and software development services. These services cater to digital transformation, data analytics, technology consulting, infrastructure, and security needs of customers
Quality assurance
The company is committed to maintaining quality at all steps, from the procurement of cars to their delivery to the desired buyers. It has established a quality control team responsible for ensuring compliance with testing, checking, and refurbishing processes
Finelistings Tech Risks
Legal proceedings
The company, along with its promoters, directors, and group companies, are parties to certain legal proceedings. Any adverse decision in these proceedings could have a material adverse effect on the business, results of operations, and financial condition
Increasing competition
Increasing competition in the used car business from both online and offline players, including authorized dealers and unorganized players, may have an adverse impact on the business
IPO FAQs
The promoters of the company are Aneesh Mathur and Arjun Singh Rajput.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 123.0 - 123.0.
The IPO application opens on May 07, 2024 and closes on May 09, 2024.
The minimum lot size for the IPO is 1000. The maximum lot size for the IPO is 1000.
For all category investors, the minimum application amount for this IPO is Rs. 123,000.0, the maximum value for this IPO is Rs 123,000.0.
This IPO will be allotted on May 10, 2024.
The refund will be credited to your account on May 13, 2024.
The allotted shares will be credited to your demat on May 13, 2024.
Finelistings Technologies Ltd.’s shares listed on the stock exchanges on May 14, 2024.