Who are the book-running lead managers of Finelistings Technologies Ltd IPO?
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Fedex Securities Private Limited is the book-running lead manager of Finelistings Technologies Ltd IPO.
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Incorporated in 2018, Finelistings Technologies Limited has established itself as a leader in buying and selling pre-owned cars in the market. It provides a platform offering end-to-end solutions for managers, agents and homeowners.
The main reason for Finelistings Technologies Limited to go public is to raise capital for growth and expansion. Moreover, as of the last fiscal year, the company has experienced a strong financial performance with continuous growth in revenue and profits. This reflects its strong position in the market with the implementation of effective business strategies.
Continue reading this blog to gain detailed insights about Finelistings Technologies Limited, its strengths, risks and more.
Finelistings Technologies Limited started operating in August 2022 for the first time under the brand “Finecars". At present, the company holds a diversified business of software development services, and retail of pre-owned luxury cars. Alongside, it also offers its customers various digital technologies including cloud-based devices, IoT solutions, data management, digital transformation, web development and more. The main focus of the business is however on used luxury cars where the sale price on average is Rs. 40 lakhs. Apart from these, the company also help its customers financially by approaching other third-party financiers.
The company is involved in buying and selling used cars after procuring the pre-owned cars from its owners. Moreover, to offer a seamless experience and raise connectivity among potential customers, the company will soon be launching its mobile application.
Additional Read: Latest Insight IPO
Finelisting Technologies Limited has filed a Draft Red Herring Prospectus (DRHP) with the financial market regulator, the Securities and Exchange Board of India (SEBI). The IPO has a face value of Rs. 10 for each equity share. Moreover, it is a fixed-price issue of 11 lakh shares. The IPO opening and closing dates along with the price band are yet to be announced.
With net proceeds earned from the IPO, the company aims to meet its desired objectives and goals. This includes the purchase of software, meeting working capital requirements and for general corporate purposes. On the other hand, the allotment structure of Finelisting Technologies Ltd IPO considers a broad category including retail individual investors and some others excluding retail individual investors.
Take a look at the company’s financials for the last 3 years before applying for its IPO.
Parameters | For the Financial Year Ending (in Rupees Lakhs) | ||
March 31, 2023 | March 31, 2022 | March 31, 2021 | |
Total Assets | 1,015.99 | 154.34 | 59.69 |
Total Liabilities | 664.16 | 106.42 | 3.45 |
Total Expenses | 1,155.96 | 697.61 | 169.92 |
Total Revenue | 1,390.62 | 694.32 | 146.43 |
Profit After Tax | 178.92 | (8.33) | (17.26) |
EBITDA | 251.14 | 1.33 | (22.99) |
Earnings per Share (Basic and Diluted) | 8.78 | (0.41) | (0.85) |
Before investing in an IPO, it is crucial to know about its strengths. The strengths of Finelistings Technologies Limited are as follows:
Apart from strengths, there are also risks involved with Finelistings Technologies Limited which you should look into before investing in the IPO. Here are the listed risks:
Similar to other equity investments, Finelistings Technologies Limited IPO also possesses some risks and challenges. Thus, as a retail investor, it is mandatory to bid for the IPO after careful analysis. Until Finelistings Technologies announces the launching date of its IPO, you can visit its official website and check out the latest details. Going through the information will thereby help you to reach an informed investment decision once the IPO goes live.
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 of Finelistings Technologies Ltd IPO.
The date of allotment of Finelistings Technologies Ltd IPO is yet to be declared.
The listing gains are impossible to ascertain before the listing of Finelistings Technologies Ltd IPO on the stock exchange.
The equity shares from Finelistings Technologies Ltd IPO, as offered in the Draft Red Herring Prospectus, will be listed on the Bombay Stock Exchange and the National Stock Exchange.
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