Finelistings Technologies Limited IPO: Price, Lot Size, Strengths and Risks

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Finelistings Technologies Limited, a Delhi-based SME which filed its Draft Red Herring Prospectus last month, is all set to launch its Rs. 13.53 crore IPO. The public issue will commence from May 7th to May 9th at a fixed price of Rs. 123/share. 

This IPO comprises an entirely fresh issue of 11 lakh equity shares. The company intends to utilise the proceeds from the fresh issue to fulfil working capital needs and for general corporate purposes. For investors interested in learning more, this blog offers valuable insights into the Finelistings Technologies Limited IPO. Keep reading to find out more.

Additional Read: Upcoming IPOs in May 2024

IPO Details 

Here is a brief overview of Finelistings Technologies Limited's IPO.

IPO Launch Date

May 7, 2024 to May 9, 2024

Face Value

Rs. 10 per share


Rs. 123 per share

Lot Size


Total Issue Size

11,00,000 shares (aggregating up to Rs. 13.53 crore)

Fresh Issue

11,00,000 shares (aggregating up to Rs. 13.53 crore)

Issue Type

Fixed Price IPO

Listing At


Listing Date 

May 14, 2024

Shareholding Pre-issue


Shareholding Post-issue


Market Maker Portion


About the Company 

Finelistings Technologies Limited operates across a diverse range of industries, including retailing pre-owned luxury cars and providing software development services. These services cater to the evolving needs of its customers, which are associated with data analytics, security, technology consulting and infrastructure. 

The company's offerings span across different digital technologies, including cloud-based services and IT consulting. Additionally, the company offers solution-oriented services including cloud development, business intelligence analytics, data management, IoT development, digital transformation and web development.

In August 2022, the company launched its "FineCars" showroom in Ambience Mall, Delhi. Since entering the retail sector in 2020, it has sold 100 pre-owned cars to 100 satisfied customers. During this period, the company shifted its business model from a commission-based structure to a buy-and-sell retail model, commencing in mid-2020, intending to improve profit margins.

Moreover, Finelistings Technologies Limited is all set to capitalise on the growth opportunities arising from the expanding IT sector. Projections indicate that by 2025, the IT industry could make up 10% of India's GDP, with spending crossing US$ 144 billion.

Additional ReadHow to Invest in an IPO Online

IPO Timeline 

The following table presents the timeline and significant dates related to the upcoming IPO of Finelistings Technologies Limited.

Open Date

Tuesday, May 7, 2024

Close Date

Thursday, May 9, 2024

Cut-off Time for UPI Mandate Confirmation

5 PM on May 9, 2024

Basis of Allotment Date

Friday, May 10, 2024

Credit of Shares to Demat Date

Monday, May 13, 2024

Initiation of Refunds Date

Monday, May 13, 2024

Listing Date

Tuesday, May 14, 2024

Lot Size 

Take a look at the table below to find the minimum and maximum lot sizes applicable to Finelistings Technologies Limited IPO.





Retail (Min)



Rs. 1,23,000

Retail (Max)



Rs. 1,23,000

HNI (Min)



Rs. 2,46,000

Company Financials 

The table outlines the financial summary of Finelistings Technologies Limited for the previous three years, which is beneficial details for investors subscribing to the IPO:


For the Financial Year Ending (Rs. in Lakhs)


March 31, 2023

March 31, 2022

March 31, 2021

Total Assets




Total Liabilities




Total Expenses




Total Revenue




Profit/Loss After Tax








Earning per Share (Basic and Diluted) (of Rs. 10 each) 




Strengths of the Company 

Let us examine the key strengths that make the upcoming IPO of Finelistings Technologies Limited an attractive investment opportunity.

  • The company's ‘FineCars’ brand strength, characterised by trust, quality and reliability, acts as a key asset, enhancing consumer confidence and driving consumer preference.

  • Its commitment to quality, from car procurement to delivery, is reinforced by a dedicated quality control team ensuring compliance with testing, checking and refurbishing that enhances the company's overall strengths.

  • A key strength of the company lies in its qualified and experienced Board of Directors and Key Managerial Personnel, possessing deep knowledge of the used car market and their expertise to drive business growth.

Additional Read: Difference Between NFO and IPO

Risks Involved 

Finelistings Technologies Limited faces several risks that could potentially hinder its growth trajectory, disrupt operations and negatively impact cash flows. Some of the notable risks are outlined below:

  • The company, its promoters, directors and group companies are involved in certain legal proceedings where an adverse outcome could materially impact the overall business, operations and financial standing.

  • The company relies heavily on a limited number of major customers for a significant portion of its operating revenue. Losing any of these key customers or experiencing a substantial reduction in its business could adversely impact the company's financials and future prospects.


Finelistings Technologies Limited IPO is all set to launch on May 7, 2024. The IPO offers a lucrative opportunity to invest in a growing company at a fixed price of Rs. 123 per share. 

However, before you dive in,  make sure to weigh the company's strengths against the risks involved that could affect your investment returns. Additionally, consider opening a demat and trading account with us if you do not already have one.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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Frequently Asked Questions

Who is the book-running lead manager of Finelistings Technologies Limited IPO?

Answer Field

Fedex Securities Private Limited is the book-running lead manager appointed for Finelistings Technologies IPO.

Who is the statutory auditor of Finelistings Technologies Limited?

Answer Field

M/s. D.G.M.S & Co. is the statutory auditor of Finelistings Technologies Limited. 


How to check my Finelistings Technologies Limited IPO allotment status?

Answer Field

Interested investors can check the Finelistings Technologies Ltd IPO allotment status on the BSE SME website by navigating to the issue page under ‘Equity’ and entering their PAN card number or application number. You can also do the same on the registrar’s website.

Who is the registrar of Finelistings Technologies Limited IPO?

Answer Field

The registrar of Finelistings Technologies Limited IPO is Skyline Financial Services Private Limited. 


What is the fresh issue size of the Finelistings Technologies Limited IPO?

Answer Field

Finelistings Technologies Ltd has declared a fresh issue of 11 lakh equity shares with a face value of Rs. 10 per share for its upcoming IPO. 

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