Finelistings Technologies Limited IPO
- IPO Date07 May, 2024 to 09 May, 2024
- Listing Date14 May, 2024
- Face Value₹10 per share
- Issue Price₹123 to ₹123 per share
- Lot Size1000 Shares
- Minimum Investment₹1,23,000
- Listing AtBSE SME
- Total Issue Size11,00,000 Shares
(aggregating up to ₹13.53 Cr) - Fresh Issue11,00,000 Shares
(aggregating up to ₹13.53 Cr)
- Offer for Sale-
- Issue TypeFixed Price Issue IPO
- Share holding pre issue25,36,250
- Shareholding post issue36,36,250
IPO Dates
Closing Date
09 May, 2024
Initiation of Refunds
13 May, 2024
Listing Date
14 May, 2024
07 May, 2024
Opening Date
10 May, 2024
Basis of Allotment
13 May, 2024
Credit of Shares
Finelistings Technologies Limited Lot Size
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 |
|---|---|---|---|
| HNI (Min) | 2 | 2000 | ₹2,46,000 |
| Retail (Max) | 1 | 1000 | ₹1,23,000 |
| Retail (Min) | 1 | 1000 | ₹1,23,000 |
Finelistings Technologies Limited Promoter Holding
Aneesh Mathur and Arjun Singh Rajput are the promoters of the company.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 71.65% | 49.98% |
Finelistings Technologies Limited COMPANY INFORMATION
Finelistings Technologies IPO is a fixed price issue of Rs 13.53 crores. The issue is entirely a fresh issue of 11 lakh shares. Finelistings Technologies IPO is open for subscription on May 7, 2024 and close today 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. Finelistings Technologies IPO 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. Fedex Securities Pvt Ltd is the book running lead manager of the Finelistings Technologies IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Finelistings Technologies IPO is Rikhav Securities. Refer to Finelistings Technologies IPO RHP for detailed information.
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.
FAQs About Finelistings Technologies Limited Ipo
Finelistings Technologies Limited IPO will open on 07 May, 2024 and close on 09 May, 2024. Investors must apply within this period to participate.
The Finelistings Technologies Limited IPO price band is set between ₹123.00 and ₹123.00 per share. The minimum lot size is 1000, requiring an investment of at least ₹123000.00.
The Finelistings Technologies Limited IPO shares are expected to be listed on 14 May, 2024, subject to regulatory approvals and final allotment.
You can track your Finelistings Technologies Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Finelistings Technologies Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.