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Finelistings Technologies Limited IPO

Finelistings Technologies Limited IPO

IPO Date :
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Allotment Date :
Listing Date :
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Listed Price: ₹ 127.00 (+3.25%)

Finelistings Technologies Limited's successfully transitioned to public market status with its listing on BSE on 14-05-2024. The IPO mobilized 11,00,000 Shares in cumulative capital, including 11,00,000 Shares for corporate expansion.

The public offering was conducted within the price parameters of ₹123 to ₹123, with minimum investment lots of 1000 shares. subscription activity between 07-05-2024 and 09-05-2024 demonstrated market reception to the company's valuation and growth narrative.

The allotment process concluded on 10-05-2024, finalizing share distribution to successful bidders. The listing represents a transformational event, providing the company with enhanced market visibility, regulatory compliance framework, and access to diversified investor capital.

Finelistings Technologies IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Finelistings Technologies IPO Key Performance Indicator
Company Financials ( In Lakhs )

Finelistings Technologies IPO About Company

Finelistings Technologies Limited, founded in 2018, operates in two key areas: luxury car sales and software development. Under its Finecars brand, the company specializes in selling high-end pre-owned vehicles, including sedans, SUVs, sports cars, and convertibles, with an average price of ₹40 lakh. It prioritizes customer satisfaction by offering after-sales support and repair services through partnered service centers, along with financing assistance from third-party providers. In August 2022, Finelistings opened its first showroom at Ambience Mall, Vasant Kunj (NCR), strategically positioning itself in the luxury car market. Alongside its automotive business, the company also provides advanced software development services, offering cloud solutions, big data analytics, cloud architecture, data engineering, IoT development, and web solutions to help businesses with digital transformation. Despite being in its early stages, Finelistings has a small but skilled team of five employees (as of October 31, 2023), committed to driving innovation and business growth.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Finelistings Technologies IPO Strength Factors

  1. Strong Brand with Compounding Customer Loyalty: Well-recognized brands and a superior customer experience help attract more users, strengthening brand recall and loyalty. This positive cycle makes it increasingly difficult for competitors to match the company’s market position.
  2. Focus on Consistent Quality: The company emphasizes delivering high-quality products and services, building trust and a strong reputation. Reliable quality enhances customer satisfaction and reduces risks related to product or service issues, reinforcing its industry standing.
  3. Experienced and Strategic Leadership: Led by seasoned professionals with deep industry expertise, the company benefits from strong strategic vision and effective decision-making. Their guidance supports long-term growth, boosts stakeholder confidence, and helps the business stay competitive in a dynamic market.

Finelistings Technologies IPO Risk Factors

  1. Exposure to Legal Risks: Ongoing legal cases involving the company, its promoters, directors, and group entities may lead to financial losses, reputational damage, or reduced investor confidence if outcomes are unfavorable. Legal disputes can also be costly and may affect long-term stability and growth.
  2. Intense Competitive Pressure: The used car industry is crowded with online platforms, offline dealers, authorized showrooms, and independent sellers. Strong competition may reduce market share, compress profit margins, and require higher marketing expenses. Inability to stay competitive could impact financial performance and market standing.
  3. Fraud-Related Risks: The platform faces potential risks from fraudulent activities by buyers or sellers, such as misrepresented vehicle conditions, hidden defects, or financial scams. Although fraud prevention systems help mitigate these issues, they cannot eliminate them entirely, leaving fraud as a continuing challenge for operations and financial health.

Finelistings Technologies IPO Lead Manager(s)

  • Fedex Securities Private Limited

Finelistings Technologies IPO Promoter(s)

  1. Aneesh Mathur
  2. Arjun Singh Rajput

Finelistings Technologies IPO Company Details

Finelistings Technologies Limited
Phone:
address:

Finelistings Technologies IPO Registrar

Skyline Financial Services Private Limited
Name:
Phone:

Finelistings Technologies IPO FAQs