Who is the book-running lead manager of Finelistings Technologies Limited IPO?
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Fedex Securities Private Limited is the book-running lead manager appointed for Finelistings Technologies IPO.
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
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 |
Price | Rs. 123 per share |
Lot Size | 1,000 Shares |
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 | BSE SME |
Listing Date | May 14, 2024 |
Shareholding Pre-issue | 25,36,250 |
Shareholding Post-issue | 36,36,250 |
Market Maker Portion | 58,000 shares |
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 Read: How to Invest in an IPO Online
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 |
Take a look at the table below to find the minimum and maximum lot sizes applicable to Finelistings Technologies Limited IPO.
Application | Lots | Shares | Amount |
Retail (Min) | 1 | 1,000 | Rs. 1,23,000 |
Retail (Max) | 1 | 1,000 | Rs. 1,23,000 |
HNI (Min) | 2 | 2,000 | Rs. 2,46,000 |
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:
Particulars | For the Financial Year Ending (Rs. in Lakhs) | ||
March 31, 2023 | March 31, 2022 | March 31, 2021 | |
Total Assets | 1,015.99 | 154.34 | 59.69 |
Total Liabilities | 664.15 | 106.41 | 3.44 |
Total Expenses | 1,155.96 | 697.61 | 169.92 |
Total Revenue | 1390.62 | 694.32 | 146.43 |
Profit/Loss After Tax | 178.92 | (8.33) | (17.26) |
EBITDA | 251.14 | 1.33 | (22.99) |
Earning per Share (Basic and Diluted) (of Rs. 10 each) | 8.78 | (0.41) | (0.85) |
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
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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Fedex Securities Private Limited is the book-running lead manager appointed for Finelistings Technologies IPO.
M/s. D.G.M.S & Co. is the statutory auditor of Finelistings Technologies Limited.
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.
The registrar of Finelistings Technologies Limited IPO is Skyline Financial Services Private Limited.
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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