Finelistings Technologies Limited’s IPO consists of a fresh issue of 11,00,000 lakh shares worth INR 13.53 crores. The company aims to allocate funds to purchase software, meet working capital needs, and serve general corporate purposes.
Finelistings Technologies Limited IPO – Important Dates
| Finelistings IPO Date | May 7, 2024 to May 9, 2024 |
| Finelistings IPO Listing Date | May 14, 2024 |
| Finelistings IPO Price | INR 123 per share |
| Finelistings IPO Lot Size | 1000 shares |
| Finelistings IPO Total Issue Size | INR 13.53 crores |
| Finelistings IPO Basis of Allotment | May 10, 2024 |
| Finelistings IPO Initiation of Refunds | May 13, 2024 |
| Finelistings IPO Credit of Shares to Demat | May 13, 2024 |
| Finelistings IPO Issue Type | Fixed Price Issue IPO |
| Finelistings IPO Listing At | BSE SME |
Finelistings Technologies Limited IPO – Company Profile
Find listings operates in pre-owned luxury car retail and software development, specializing in digital transformation services. We offer after-sales support, financial assistance, and diverse digital solutions, and we are present at Ambience Mall, NCR.
They target India’s youthful demographic, driving their pre-owned car sales. Evolving from commission-based to buy-n-sell, they have sold 100 cars since 2020, focusing on offline and online channels and integrating an O2O ecosystem for automobiles.
Their pre-owned luxury car business offers diverse, quality-certified vehicles. They provide financing, warranties, and maintenance. Leveraging promoter expertise, their software services span digital transformation, data analytics, and tailored solutions facilitated by a flexible hiring model.
Finelistings Technologies IPO Review
Finelistings Technologies’ financial analysis reveals a mixed performance. Revenue initially increased but fell short later. Profitability and equity improved, while return on net worth declined, reflecting varying aspects of the company’s performance.
- Revenue Trend: The revenue increased from ₹5694.12 lakhs in March 2022 to ₹1,388.75 lakhs in March 2023. The revenue for the current year’s 9-month period ending December 2023 is INR 743.59 lakhs, falling short of last year’s benchmark.
- Equity and Liabilities: Equity has shown a consistent increase over the periods, reflecting potential growth and expansion.
- Profitability: The profit after tax (PAT) has significantly increased from ₹(8.33) lakhs in March 2022 to ₹123.20 lakhs by December 2023. This improvement in profitability could be a source of confidence for investors.
- Earnings per Share (EPS): The diluted EPS have risen from ₹(0.41) in March 2022 to ₹4.86 by December 2023, reflecting higher earnings per share for investors.
- Return on Net Worth (RoNW): The RoNW has grown from (17.39)% to 25.94%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth.
Finelistings Technologies Limited IPO Fundamental Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 July 2023 |
| Revenue (₹ in lakhs) | 694.12 | 1,388.75 | 743.59 |
| Equity (₹ in lakhs) | 47.92 | 351.84 | 475.04 |
| Expenses (₹ in lakhs) | 697.61 | 1,155.96 | 572.95 |
| Profit and Loss After Tax (₹ in lakhs) | (8.33) | 178.92 | 123.20 |
| Diluted EPS only (₹) | (0.41) | 8.78 | 4.86 |
| Return on Net Worth (%) | (17.39) | 50.85 | 25.94 |
| NAV per Equity Share (₹) | 2.35 | 13.87 | – |
| Total Assets (in lakhs) | 154.34 | 1,015.99 | 1,002.96 |
| Total Liabilities (in lakhs) | 106.41 | 664.15 | 527.92 |
Finelistings Technologies IPO Peer Comparison
Finelistings Technologies Limited exhibits robust returns on net worth and earnings per share, while CarTrade Tech Limited demonstrates promising revenue and price-to-earnings ratio, and Globalspace Technology Limited shows high revenue despite a lower return on net worth.
| Company | CMP(₹ in lakhs) | Face Value (₹) | P/E (₹) | EPS (Basic) (₹) | EPS (Diluted) (₹) | RoNW (%) | NAV per Equity Share (Basic) (₹) |
| Finelistings Technologies Limited | NA | 10 | NA | 8.78 | 8.78 | 50.85 | 13.87 |
| CarTrade Tech Limited | 800.25 | 10 | 92.73 | 7.28 | 6.71 | 1.91 | 453.08 |
| Cambridge Technology Enterprises Limited | 68.90 | 10 | 16.56 | 4.15 | 4.15 | 8.27 | 50.32 |
| Globalspace Technology Limited | 21.94 | 10 | 48.39 | 0.46 | 0.46 | 1.44 | 31.47 |
Finelistings Technologies Ltd IPO Objective
The main objective of Finelistings Technologies is to purchase software and meet working capital requirements.
- Purchase of Software: The company plans to utilize INR 5 crores for various software purchases, including data gathering, mobile and web application development, UI/UX design, blockchain solutions, support, tools, equipment, pre-production, storyboards, and scripts.
- To meet the working capital requirements: The company primarily relies on internal accruals and borrowings for working capital. To support incremental business needs in FY 2024, it plans to utilize a portion of net proceeds, with the remaining sourced from equity, accruals, and borrowings.
- General Corporate Purposes: The company will balance funds towards general corporate goals, including strategic initiatives, growth funding, marketing strength, corporate contingencies, ordinary business expenses, and other purposes.
Finelistings Technologies IPO Risks And Challenges
Find listings Technologies’ risks include customer dependency, which can lead to financial instability; intense competition, which requires unique offerings and digital marketing prowess; and vulnerability to vehicle theft, unauthorized use, and force majeure events, which can cause financial losses and reputation damage.
- Their heavy reliance on a limited number of customers poses risks such as order reductions or cancellations, unfavorable negotiation terms, and potential customer loss, which can impact their financial stability and prospects.
- Intense competition in India’s used car market necessitates businesses to differentiate through unique offerings and a robust online presence. Adapting to evolving consumer preferences and employing effective digital marketing strategies are crucial for success amidst aggressive competition.
- The risk of vehicle theft, unauthorized use, and potential damage exposes them to financial losses, legal liabilities, and damage to reputation. Force majeure events further pose uninsured damages and business disruption risks.
Finelistings Technologies Ltd IPO – Industry & Market Potential
The Indian automobile industry, driven by factors like a growing middle class and interest in rural markets, anticipates future growth propelled by trends like vehicle electrification and government initiatives, positioning India as a global automotive leader.
The Indian used car market, valued at USD 32.14 billion, is projected to reach USD 74.70 billion, driven by increased preference for individual mobility and availability of finance options. Lack of standardization and customer assurance may hinder growth.
India’s IT industry, expected to reach US$19.93 billion by 2025, holds immense potential. IT spending is projected to hit US$144 billion by 2023. Minister Piyush Goyal anticipates service exports reaching US$1 trillion by 2030.
Finelistings Technologies Limited IPO – Type of Offer
Finelistings Technologies will have a fresh issue of 11,00,000 lakh shares. The company aims to allocate funds to purchase software, meet working capital needs, and serve general corporate purposes.
Finelistings Technologies Ltd IPO Offer Size
The offer size of Finelistings Technologies is INR 13.53 crores crores consists of a fresh issue of 11,00,000 lakh shares. The company seeks funds to allocate funds for purchasing software, meeting working capital needs, and serving general corporate purposes.
Finelistings Technologies Ltd IPO Allotment Structure
Finelistings Limited’s IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs.
- Retail Individual Investors (RII):These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs .
How to apply for a Finelistings Limited IPO?
To apply for the Finelistings IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Finelistings IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Finelistings IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Finelistings ‘s IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Finelistings IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Finelistings IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Finelistings IPO:
● Registrar’s Website: Visit the website of Skyline Financial Services Private Limited, the registrar of the Finelistings IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) Small Medium Enterprise (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Finelistings Ltd IPO Offer Registrar
The registrar for the Finelistings Limited IPO is Skyline Financial Services Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153, A, 1st Floor, Okhla Industrial Area,
Phase-I, New Delhi – 110020, Delhi, India
Tel No: 011-40450193-97
E-mail Id: [email protected]
Website: www.skylinerta.com
Finelistings Limited IPO – FAQs
The allotment date of the Finelistings Limited IPO is May 10, 2024.
The price band of the issue is INR 123 per share.
The offer size of Finelistings Technologies is INR 13.53 crores crores consists of a fresh issue of 11,00,000 lakh shares. The company seeks funds to allocate funds for purchasing software, meeting working capital needs, and serving general corporate purposes.
The listing date of Finelisting’s IPO is May 14, 2024.
