May 14, 2024
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Finelistings Technologies IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Finelistings Technologies IPO Post Listing Review: Listed at Rs. 127, premium of 3.25% over the issue price of Rs. 123. The listing has been below the expectations of the grey market players.
What is the latest GMP of Finelistings Technologies IPO?*
Premium: Rs.21
Subject to Rs.16000
Check Subscription status of Finelistings Technologies IPO
On 9 May 2024 @ 5.00 (Day 3) (Closed)
Review: Ok response on Day 2
NII: 521000 Shares 29.85 T
RII: 521000 Shares 38.96 T
Total: 1042000 Shares 37.44 T
Applications: 23784
What is the business of Finelistings Technologies?
Finelistings Technologies is engaged in diversified business viz., (a) retail of pre-owned luxury car; and (b) software development services, that address digital transformation, data analytics, technology consulting, infrastructure and security needs of its customers. Its offerings are spread across the spectrum of various digital technologies such as cloud-based services, IT consulting services such as, big data analytics, cloud architecture, data engineering, IoT solutions and offering based solutions such as, business intelligence analytics, cloud development, cloud solutions, data management, digital transformation, IoT development and web development.
Under its pre-owned luxury car retail business, it is focused on the used premium and high-end luxury cars where the average sale price is Rs. 40.00 lakhs. It currently has a limited presence over the pre-owned value chain, such as after sales services and repairs (including sales of spare parts, lubricants and accessories), which we undertake through our affiliated service centers. It also helps its clients in securing financial assistance from third-party financers. It started its operations and opened its first showroom under the brand “Finecars” on August, 2022 at Ambience Mall, Vasant Kunj, National Capital Region (NCR).
Since, the launch of its retail business in 2020, it has sold 100 pre-owned cars to 100 customers. It has evolved its business model from a pure commission based to a buy-n-sell retail model since mid-2020, with an objective to improve its margins. Under its buy-n-sell retail model, it has sold over 37 cars, 35 cars and 14 cars for the period ended March 31, 2023, 2022 and 2021, respectively and 14 cars for the stub period ended July 31, 2023. Since 2020, its sales through its off-line channel i.e. through its showroom constituted 30% of its total sale and 70% was sales made through its online platform, including various 3rd party platforms.
Get more information about the company @ https://www.finecars.co.in/
| Finelistings Technologies IPO Details | |
| IPO opens on | 7 May 2024 |
| IPO closes on | 9 May 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1100000 Shares /Rs 13.53 Crore |
| * Fresh Issue | 1100000 Shares /Rs 13.53 Crore |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 58000 Shares |
| Net offer to Public | 1042000 Shares/Rs.12.82 Crore |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 123 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1000 Shares |
| Listing will at | BSE SME |
| Shares offered in Finelistings Technologies IPO | ||
| Shares | Rs. (Cr) | |
| QIB (0%) | – | ? |
| NII (50%) | 521000 | 6.41 |
| RII (50%) | 521000 | 6.41 |
| Total Shares | 1042000 | 12.82 |
| Retail portion will be oversubscribed by | 521 | |
| Forms | ||
| How much Shares to Apply in Finelistings Technologies IPO? | ||
| Min Retail Application | 1000 Shares | Rs. 123000 |
| Min HNI Application | 2000 Shares | Rs.246000 |
Who are the Promoters of Finelistings Technologies IPO?
Aneesh Mathur and Arjun Singh Rajput are the promoters of the company.
What are the Objects of Finelistings Technologies IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The Net Proceeds from the Issue are proposed to be utilized by the company for the following objects:
Purchase of Software;
To meet working capital requirements; and
General Corporate Purpose.
| Finelistings Technologies IPO Tentative timetable | |
| IPO opens on | 7 May 2024 |
| IPO Closes on | 9 May 2024 |
| IPO Allotment on | 10 May 2024 |
| Refund Initiation | 13 May 2024 |
| Credit of Shares | 13 May 2024 |
| Listing on | 14 May 2024 |
| Registered Office of the Company Finelistings Technologies Limited G-07, Ground Floor, Ambience Mall, Nelson Mandela Road, Vasant Kunj, South West Delhi, New Delhi – 110070 |
| Who is the Lead Manager of Finelistings Technologies IPO? Fedex Securities Pvt Ltd |
| Who is the Registrar to IPO? Skyline Financial Services Private Ltd |
| Finelistings Technologies IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 1.46 | -0.17 | -0.85 | -30.69 |
| 2021-22 | 6.94 | -0.08 | -0.41 | -17.39 |
| 2022-23 | 13.91 | 1.79 | 8.78 | 50.85 |
| Book Value of the Share on | 31.03.2023 | Rs 13.87 | ||
| BV of the Share at cap price | after the IPO | Rs. – | ||
| Offer Price/upper band | Rs. 123 | |||
| Finelistings Technologies IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 14.01 |
| Price/BV Ratio | – |
| Upper price/BV after IPO | ? |
How Finelistings Technologies IPO compares with the Peers?
| As per DRHP | FV | Total Income | PE Ratio |
| Rs. | In Cr. | @ | |
| Finelisting Technologies | 10 | 14.01 | |
| Cartrade | 10 | 92.73 | |
| Cambridge Technologies | 10 | 16.56 | |
| Globalspace Technologies | 10 | 48.39 | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Finelistings Technologies IPO To the point Guidance
Finelistings Technologies is engaged in diversified business viz., (a) retail of pre-owned luxury car; and (b) software development services, that address digital transformation, data analytics, technology consulting, infrastructure and security needs of its customers. Its offerings are spread across the spectrum of various digital technologies such as cloud-based services, IT consulting services such as, big data analytics, cloud architecture, data engineering, IoT solutions and offering based solutions such as, business intelligence analytics, cloud development, cloud solutions, data management, digital transformation, IoT development and web development.
Size: The net size of the IPO is Rs.12.82 Cr comprising of 1042000 shares. With 521 applications, retail portion will get one time subscribed. Huge oversubscription may not be possible.
Financial Snapshot: Based on earnings of 2022-23, the shares are offered at PE ratio of 14.01. The company has shown sharp turnaround in the business. From loss of Rs. 85 lacs to profit of Rs. 8.78 crore in the year 2022-23. This raises eyebrows. Fundamentally not so attractive but considering grey market mood, you may apply.
Quicklinks
Finelistings Technologies IPO GMP today details?
Finelistings Technologies IPO
Finelistings Technologies IPO FAQs
What is Finelistings Technologies IPO?
Ramdevbaba Solvent is a SME IPO of 5913600 equity shares of the face value of Rs. 10 aggregating up to Rs.? Crores. The issue is priced at Rs.? per share. The minimum order quantity is ? Shares.
When will Finelistings Technologies IPO open?
Ramdevbaba Solvent IPO opens on April ?, 2024, and closes on April ?, 2024.
What is the lot size of Ramdevbaba Solvent IPO?
Ramdevbaba Solvent IPO lot size is ? Shares, and the minimum amount required is Rs.?.
How to apply for Finelistings Technologies IPO?
You can apply in Ramdevbaba Solvent IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Finelistings Technologies IPO allotment?
The finalization of Basis of Allotment for Ramdevbaba Solvent IPO will be done on April ?, 2024, and the allotted shares will be credited to your demat account by April ?, 2024.
When is Finelistings Technologies IPO listing date?
Ramdevbaba Solvent IPO listing date is April ?, 2024.
