Finelistings Technologies IPO opens for subscription on May 7, 2024 and closes on May 9, 2024. The allotment for the Finelistings Technologies IPO is expected to be finalized on Friday, May 10, 2024. Finelistings Technologies IPO will list on BSE SME with tentative listing date fixed as Tuesday, May 14, 2024.
IPO Size: 1,100,000 shares (13.53 Cr) Fresh Issue: 1,100,000 shares (13.53 Cr) Subscription Dates: May 7, 2024 to May 9, 2024 Expected Allotment: Friday, May 10, 2024 Listing Date (Tentative): May 14, 2024 Retail Investors: ₹.123,000 (1000 shares) HNI : ₹.246,000(2 lots, 2000 shares)
| IPO Date | May 7, 2024 to May 9, 2024 |
| Listing Date | May 14, 2024 |
| Face Value | ₹10 per share |
| Lot Size | 1000 Shares |
| Total Issue Size | 1,100,000 shares (aggregating up to ₹13.53 Cr) |
| Fresh Issue | 1,100,000 (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 |
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 550,000 (50%) |
| Total Shares Offered | 1,100,000 (100%) |
Finelistings Technologies Limited IPO raises ₹ crore from anchor investors. Finelistings Technologies Limited IPO Anchor bid date is January 1, 1970. Finelistings Technologies Limited IPO Anchor Investors list
| GMP Date | IPO Price | GMP | Estimated Listing Price | Last Updated |
|---|---|---|---|---|
| 06-05-2024 | ₹123 | ₹20 | ₹143 (16.26%) | 06-05-2024 12:05 |
| 05-05-2024 | ₹123 | ₹18 | ₹141 (14.63%) | 05-05-2024 12:05 |
| 04-05-2024 | ₹123 | ₹18 | ₹141 (14.63%) | 04-05-2024 12:05 |
| 03-05-2024 | ₹123 | ₹21 | ₹144 (17.07%) | 03-05-2024 12:05 |
| 02-05-2024 | ₹123 | ₹22 | ₹145 (17.89%) | 02-05-2024 12:05 |
| 01-05-2024 | ₹123 | ₹20 | ₹143 (16.26%) | 01-05-2024 12:05 |
Finelistings Technologies Limited IPO opens on May 7, 2024 and closes on May 9, 2024.
| 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 | 05:00 pm, May 6, 2024 |
Investors can bid for a minimum of 1000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹ 123,000 |
| Retail (Max) | 1 | 1000 | ₹ 123,000 |
| HNI (Min) | 2 | 2000 | ₹ 246,000 |
| Lot Size Calculator | |||
The promoters of the company are Aneesh Mathur and Arjun Singh Rajput
| Share Holding Pre Issue | 71.65% |
| Share Holding Post Issue | 49.98% |
Incorporated in 2018, Finelistings Technologies Limited is engaged in various businesses, namely (a) retail of used luxury cars and (b) software development services.
1. 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).
2. 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.
The Net Proceeds from the Issue are proposed to be utilized by the company for the following objects:
Finelistings Technologies Limited
G-07, Ground Floor, Ambience Mall,
Nelson Mandela Road, Vasant Kunj,
South West Delhi, New Delhi – 110070
Phone: +91 93551 11911
Email: cs@finelistings.com
Website: https://www.finecars.co.in/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
| Listing Date | May 14, 2024 |
| Final Issue Price | ₹ 123 per share |
| Price Details | NSE | BSE |
|---|---|---|
| Final Issue Price | ₹ 123 | ₹ 123 |
Finelistings Technologies Limited IPO is a main-board FPO of 1,100,000 equity shares of the face value of ₹ 10 aggregating up to ₹ 13.53 Crores. The issue is priced at . The minimum order quantity is 1000 Shares.
The Finelistings Technologies Limited IPO opens on May 7, 2024 and closes on May 9, 2024.
Retail Investors: ₹.123,000 (1000 shares) Small HNI : ₹.246,000(2 lots, 2000 shares) Big HNI : ₹.1,107,000(9 lots, 9000 shares)
The finalization of Basis of Allotment for Finelistings Technologies Limited 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. Check the Finelistings Technologies Limited IPO allotment status.