Finelistings Technologies IPO: Open/Close Date, Price, Lot Size, Allotment, Subscription

Q: When will Finelistings Technologies Ltd's IPO open for subscription?

The IPO subscription window is not announced yet .

Q: What minimum lot size can retail investors subscribe to?

The lot size for the IPO is yet to be announced .

IPO Details

Bidding Dates

To be announced

Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

Up to 11,00,000 equity shares

Investor category and sub category

Qualified Institutional Buyers | Retail Individual Investors | Non-institutional Investor |

About Finelistings Technologies Ltd

The company is engaged in two different businesses. One involves B2C retailing of pre-owned luxury cars. The other involves software development services that address digital transformation, data analytics, technology consulting, infrastructure and security needs, etc. The offerings also include cloud-based services, big data analytics, cloud solutions, data engineering, IoT solutions, business intelligence analytics, digital transformation, IoT development, etc.

Under the pre-owned luxury car retail business, they are focused on used premium and high-end luxury cars where the average ticket size is ₹40 lakhs. They currently have a limited presence in the pre-owned value chain, such as after-sales services and repairs, including sales of spare parts, lubricants and accessories. They undertake these activities through their affiliated service centres. They also help their clients secure financial assistance from third-party financiers. They started their operations and opened their first showroom under the brand ‘Finecars’ in August 2022 at Ambience Mall, Vasant Kunj, National Capital Region (NCR).

The IT industry accounted for 7.4% of India’s GDP in FY22, and it is expected to contribute 10% to India’s GDP by 2025. Spending on information technology in India is expected to reach US$ 144 billion in 2023. Organised players like Finelisting may benefit from such expansion of the IT industry.

Finelistings Technologies Ltd IPO Details

Finelistings Technologies Ltd IPO Dates

The dates for bidding for the Finelistings Technologies IPO are yet to be announced.

Finelistings Technologies Ltd IPO Price Band

Finelistings Technologies is a fixed-price IPO. The exact price is yet to be announced.

Finelistings Technologies Ltd IPO Lot Size

The Finelistings Technologies Ltd IPO lot size is not announced yet.

Finelistings Technologies Ltd IPO Objectives

The net proceeds from the issue are proposed to be utilised towards the following objectives:

Purchase of Software
To meet working capital requirements
General Corporate Purpose

Peer Details

The following is a listed peer company of Finelistings Technologies in India:

CarTrade Tech Limited
Cambridge Technology Enterprises Limited
Globalspace Technology Limited

How To Check the Allotment Status of the Finelistings Technologies Ltd IPO?

Steps to check IPO allotment status on Angel One’s app:

Log in to the Angel One app.
Go to the IPO Section and then to IPO Orders.
Select the individual IPO that you had applied for and check the allotment status.
Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Finelistings Technologies Ltd

Registered office: G-07, Ground Floor, Ambience Mall, Nelson Mandela Road, Vasant Kunj, South West Delhi, New Delhi - 110070, India.

Phone: +91 93551 11911

E-mail: cs@finelistings.com

IPO Financials

Particulars	Year Ending on March 31, 2023	Year Ending on March 31, 2022	Year Ending on March 31, 2021
Total Income	1,390.62	694.32	146.43
Profit After Tax	234.66	(8.33)	(17.26)
Return on Capital Employed	0.71	0.01	(0.42)
Debt Service Coverage ratio	6.35	0.46	-
Current Ratio	1.48	1.28	12.96

Know before investing

Strengths

The company’s offerings are highly diversified. Even within the IT services space, they offer a fairly wide variety of solutions.
Their focused approach of dealing in pre-owned premium and luxury cars can be leveraged to partner with companies such as banks, insurance companies, vehicle accessory companies, etc.
Even within the business of retailing premium and luxury pre-owned cars, they focus on the use of technology to scale more quickly and efficiently.

Risks

Their top ten customers contributed 96.79%, 65.71%, 51.91% and 83.99% in their revenues from operation for the period ended on July 31, 2023, and FY 2023, FY 2022, and FY 2021, respectively. This makes their revenues vulnerable to the decisions of a very small group of clients.
The used car market in India is marked by intense competition. Increasing competition in the used car business through online and offline players, including authorised dealers, and unorganised players may have an adverse impact on their business, result of operations and financial condition.
They rely on third-party service providers for many aspects of their business, and any failure to maintain these relationships could harm their business.