IPO Launch Date, Evaluation, Pricing, and Allocation Particulars of Finelistings Technologies

The IPO details for Finelistings Technologies are as follows: The IPO date is yet to be finalized, with the IPO set to open on April [.] and close on April [.]. Finelistings Technologies, a BSE SME IPO, aims to raise ₹[.] crores through the IPO. The price band for the Finelistings Technologies IPO is set at ₹[.] per share, with a market lot of [.] shares.

Finelistings Technologies operates in diversified sectors, encompassing (a) the retail of pre-owned luxury cars, and (b) software development services, addressing various digital transformation needs such as data analytics, technology consulting, infrastructure, and security. Their offerings span a wide array of digital technologies, including cloud-based services, IT consulting like big data analytics and cloud architecture, as well as solution-oriented services like business intelligence analytics, cloud development, and IoT solutions.

In their pre-owned luxury car retail segment, they specialize in premium and high-end luxury vehicles, with an average sale price of ₹40.00 lakhs. Their presence along the pre-owned value chain extends to after-sales services, repairs (including spare parts, lubricants, and accessories), managed through affiliated service centers. They also assist clients in securing financial aid from third-party financiers. “Finecars,” their flagship showroom, commenced operations in August 2022 at Ambience Mall, Vasant Kunj, National Capital Region (NCR).

Their pre-owned luxury car business offers an extensive selection of vehicles, ranging from sedans and SUVs to sports cars and convertibles. Each vehicle undergoes meticulous inspection and certification to meet their stringent quality and reliability standards. Additionally, they provide financing options, warranties, and maintenance services to ensure customer satisfaction and maximize the value of their investments.

Finelistings Technologies IPO Details

IPO Date to
Listing Date [.]
Face Value ₹10 per share
Price [.] per share
Lot Size
Total Issue Size 1,100,000 shares (aggregating up to ₹[.] Cr)
Fresh Issue 1,100,000 shares (aggregating up to ₹[.] 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

Finelistings Technologies IPO Timeline (Tentative Schedule)

IPO Open Date: April 2024
IPO Close Date: April 2024
Basis of Allotment: April 2024
Refunds: April 2024
Credit to Demat Account: April 2024
IPO Listing Date: April 2024

Key Performance Indicator

KPIValues
ROE 25.94%
ROCE 32.94%
RoNW 25.94%
PAT Margin (%) 16.57%

Objects of the Issue (Finelistings Technologies IPO Objectives)

The Net Proceeds from the Issue are proposed to be utilized by the company for the following objects:

  1. Purchase of Software;
  2. To meet working capital requirements; and
  3. General Corporate Purpose.

Finelistings Technologies Limited Financial Information (Restated Standalone)

Finelistings Technologies Limited’s revenue increased by 100.29% and profit after tax (PAT) rose by 2247.9% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended 31 Jul 2023 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 1,002.96 1,015.99 154.33 59.69
Revenue 743.61 1,390.62 694.32 146.43
Profit After Tax 123.20 178.92 -8.33 -17.26
Net Worth 475.03 351.83 47.91 56.24
Reserves and Surplus 221.41 98.21 46.79 55.12
Amount in ₹ Lakhs

Finelistings Technologies Company Financial Report

₹ in Crores
Year Revenue Expense PAT
2021 ₹1.46 ₹1.70 ₹0.17
2022 ₹6.94 ₹6.98 ₹0.83
2023 ₹13.91 ₹11.56 ₹1.79
July 2023 ₹7.44 ₹5.73 ₹1.23

Company Promoters

  • Aneesh Mathur
  • Arjun Singh Rajput