Finelistings Technologies Limited
Fixed Price Issue IPO · BSE
- Price band
- ₹123 - ₹123
- Lot size
- 1,000 shares
- Issue amount
- ₹13.53 cr
- Total subscription
- 37.49×
- Opens
- 7 May 2024
- Closes
- 9 May 2024
- Allotment
- 10 May 2024
- Listing
- 14 May 2024
Offer at a glance
Issue overview
- Issue size
- 11,00,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,23,000
- Fresh issue
- ₹13.53 cr
- Offer for sale
- ₹0 cr
- Registrar
- Skyline Financial Services Private Limited
- Listing exchange
- BSE
- Maximum investment
- ₹1,23,000
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 25,36,250
- Shares after issue
- 36,36,250
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,000 | ₹1,23,000 |
| HNI | 2 | 2,000 | ₹2,46,000 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 6.41 | 249.64 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Feb-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 10.92 | 8.78 | -0.41 |
| ROE | 43.16 | 50.85 | -17.39 |
| ROCE | 21.73 | 52.37 | 0.23 |
| RONW | 44.05 | 50.85 | -17.39 |
| PRE IPO(PE) | 8.87 | 0 | 0 |
| POST IPO(PE) | 17.44 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
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.
Strengths
- 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.
- 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.
- 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.
Risk factors
- 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.
- 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.
- 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.
Promoters
Aneesh Mathur
Arjun Singh Rajput
Registrar & documents
Lead manager
Fedex Securities Private Limited
Registrar & contacts
Skyline Financial Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
G-07, Ground Floor, Ambience Mall, Nelson Mandela Road, Vasant Kunj, South West Delhi, New Delhi - 110070
+91 93551 11911
[email protected]Company website ↗Understanding FTL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.