Finelistings Technologies Limited IPO: A Detailed Overview

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

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. 

About Finelistings Technologies Limited

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

IPO Details and Objectives

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. 


For the Financial Year Ending (in Rupees Lakhs)


March 31, 2023

March 31, 2022

March 31, 2021

Total Assets




Total Liabilities




Total Expenses




Total Revenue




Profit After Tax








Earnings per Share (Basic and Diluted)





Before investing in an IPO, it is crucial to know about its strengths. The strengths of Finelistings Technologies Limited are as follows:

  • Finelistings Technologies Limited focuses on offering top-notch quality services. Thus, it has established a quality control team for testing and checking. Before beginning to sell the used cars, the company undergoes a rigorous check to ensure the delivery of quality products and services.
  • The company has a team of qualified and experienced professionals with immense knowledge and a proper understanding of buying and selling used cars in the market.
  • Finelistings Technologies Limited has built up a trusted brand with customers. It believes that the strength of the brand is what matters the most. This helps to build up customer confidence and influences consumption behaviour as well.
  • The business is diversified including a wide range of pre-owned luxury cars and software services. These kinds of diverse offerings help in leveraging the strength and also enable the generation of income from other sources.

Risks Involved

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:

  • The company is dependent on a large number of customers from whom it derives a significant portion of revenue. Thus, any loss of any such customer creates a significant impact on the business, its operations, cash flow, financial condition and prospects.
  • The competition in this used car industry is rapidly increasing both online and offline. This increased competition considering both authorised dealers and unorganised customers creates a significant impact on the business overall and its financial operations.
  • Finelistings Technologies Limited relies on a large number of third-party providers for several aspects of the business. Thus, failing to maintain a healthy relationship with those providers creates a negative impact on the overall business.

Summing Up

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.

For All Disclaimers Click Here:

Share this article: 

Frequently Asked Questions

Who are the book-running lead managers of Finelistings Technologies Ltd IPO?

Answer Field

Fedex Securities Private Limited is the book-running lead manager of Finelistings Technologies Ltd IPO.

When will Finelistings Technologies Ltd IPO be allotted?

Answer Field

The date of allotment of Finelistings Technologies Ltd IPO is yet to be declared.

What would the listing gains be on Finelistings Technologies Ltd IPO?

Answer Field

The listing gains are impossible to ascertain before the listing of Finelistings Technologies Ltd IPO on the stock exchange.

Where will the equity shares of Finelistings Technologies Ltd IPO offered through Red Herring Prospectus get listed?

Answer Field

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.

No Result Found

Read More Blogs

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

7 Lac+ Users


4.3 App Rating


4 Languages


₹ 3800 Cr MTF Book