The Finelistings Technologies date has been confirmed from May 7, 2024 and closes on May 9, 2024. Read the post to learn about Finelistings Technologies IPO GMP.
Finelistings Technologies IPO is a fixed price issue of Rs 13.53 crores. The price is ₹123 per share. The minimum lot size for an application is 1000 Shares. The minimum amount of investment required by retail investors is ₹123,000. The minimum lot size investment for HNI is 2 lots (2,000 shares) amounting to ₹246,000.
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Key Details Of Finelistings Technologies IPO
Bidding Dates
May 7-9
Price Range
₹123 per share
Face Value
₹10 per share
GMP
₹21
Finelistings Technologies IPO GMP
The Finelistings Technologies IPO GMP is ₹21.
IPO Overview
Finelistings Technologies’ IPO is a fixed-price offering of Rs 13.53 crore. The issue is wholly new, with 11 lakh shares issued. Finelistings Technologies’ initial public offering (IPO) will be available for subscription on May 7, 2024, and will conclude on May 9. The allotment for Finelistings Technologies’ IPO is expected to be finalised on Friday, May 10, 2024. Finelistings Technologies’ IPO will list on BSE SME on Tuesday, May 14, 2024.
Finelistings Technologies’ IPO price is ₹123/share. The minimum lot size for an application is 1000 shares. The minimum investment for retail investors is ₹123,000. The minimum investment for HNI is 2 lots (2,000 shares) worth ₹246,000.
Finelistings Technologies IPO Details
| IPO Date | May 7, 2024 to May 9, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹123 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 1,100,000 shares (aggregating up to ₹13.53 Cr) |
| Fresh Issue | 1,100,000 shares (aggregating up to ₹13.53 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 2,536,250 |
| Share holding post issue | 3,636,250 |
| Market Maker portion | 58,000 shares |
Finelistings Technologies Limited Financial Information
| Period Ended | 31 Jul 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,002.96 | 1,015.99 | 154.33 | 59.69 |
| Revenue | 743.61 | 1,390.62 | 694.32 | 146.43 |
| Profit After Tax | 123.20 | 178.92 | -8.33 | -17.26 |
| Net Worth | 475.03 | 351.83 | 47.91 | 56.24 |
| Reserves and Surplus | 221.41 | 98.21 | 46.79 | 55.12 |
| Amount in ₹ Lakhs | ||||
Finelistings Technologies IPO Timeline
| IPO Open Date | Tuesday, May 7, 2024 |
| IPO Close Date | Thursday, May 9, 2024 |
| Basis of Allotment | Friday, May 10, 2024 |
| Initiation of Refunds | Monday, May 13, 2024 |
| Credit of Shares to Demat | Monday, May 13, 2024 |
| Listing Date | Tuesday, May 14, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 9, 2024 |
Company Profile
Incorporated in 2018, Finelistings Technologies Limited is engaged in various businesses, namely (a) retail of used luxury cars and (b) software development services.
- Retail used luxury cars: In this segment, the Company sells used premium and high-end luxury vehicles with an average selling price of ₹ 40.00 lakhs. These include sedans, SUVs, sports cars, and convertibles. The company offers after-sales services and repairs through affiliated service centers. The company also helps its customers get financial support
from third-party financiers. The company commenced operations and opened its first showroom under the Finecars brand “in August 2022 at Ambience Mall, Vasant Kunj, National Capital Region (NCR).
- Software development services: Under this framework, the company offers cloud-based services, IT consulting services such as big data analytics, cloud architecture, data engineering, IoT solutions, and solutions such as business intelligence analytics, cloud development, cloud solutions, data management, digital transformation, IoT development, and web development.
As at October 31, 2023, the company had a total of 5 employees.
Registrar Info
| Name | Skyline Financial Services Private Ltd |
| Phone number | 02228511022 |
| Email ID | [email protected] |
| Website | skylinerta.com |
Contact Details
| Name | Finelistings Technologies Limited |
| Phone number | +91 93551 11911 |
| Email ID | [email protected] |
| Website | finecars.co.in |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Finelistings Technologies IPO FAQs
When Finelistings Technologies IPO will open?
The Finelistings Technologies IPO opens on May 7, 2024 and closes on May 9, 2024.
What is the lot size of Finelistings Technologies IPO?
Finelistings Technologies IPO lot size is 1000 Shares, and the minimum amount required is ₹123,000.
When is Finelistings Technologies IPO allotment?
The finalization of Basis of Allotment for Finelistings Technologies IPO will be done on Friday, May 10, 2024, and the allotted shares will be credited to your demat account by Monday, May 13, 2024.
When is Finelistings Technologies IPO listing date?
The Finelistings Technologies IPO listing date is not yet announced. The tentative date of Finelistings Technologies IPO listing is Tuesday, May 14, 2024.
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