Finelistings Technologies Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | May 7, 2024 to May 9, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price | ₹ 123 per share |
| Lot Size | 1,000 Shares |
| Total Issue Size | 11,00,000 shares (aggregating up to ₹ 13.53 Cr) |
| Fresh Issue | 11,00,000 shares (aggregating up to ₹ 13.53 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | Share holding pre issue |
| Share holding post issue | 36,36,250 |
| Market Maker portion | 58,000 shares |
About Finelistings Technologies Limited IPO
Finelistings Technologies Ltd. (FTL) is engaged in diversified business viz., (a) retail of pre-owned luxury cars and (b) software development services, that address digital transformation, data analytics, technology consulting, infrastructure and security needs of 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.
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 price is ₹123 per share. The minimum lot size for an application is 1000 Shares. Fedex Securities Pvt Ltd is the book running lead manager of the Fine Listings Technologies IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Finelistings Technologies IPO is Rikhav Securities.
Objectives of Finelistings Technologies IPO
The Net Proceeds from the Issue are proposed to be utilized by the company for the following objectives:
- 1. Purchase of Software.
- 2. To meet working capital requirements.
- 3. General Corporate Purpose.
Finelistings Technologies IPO Review
The company is engaged in re-owned luxury car retail/ software development, and digital transformation services. The company posted losses for FY21 and FY22 and turned the corner from FY23. Margins posted for 11M of FY24 appears to be a window dressing for paving the way for fancy valuations. Based on FY24 annualized super earnings, the issue appears fully priced. Small post-IPO equity capital indicates longer gestation period. There is no harm in skipping this “High Risk/Low Return” bet.
Finelistings Technologies Limited IPO Financial Information
Latest Revenue
1,359.97
₹ Crore
Profit After Tax
276.99
₹ Crore
Net Worth
618.96
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 29 Feb 2024 | 968.92 | 1,359.97 | 276.99 | 618.96 | — | ||||
| 31 Mar 2023 | 1,015.99 | 1,390.62 | 178.92 | 351.83 | — | ||||
| 31 Mar 2022 | 154.33 | 694.32 | -8.33 | 47.91 | — | ||||
| 31 Mar 2021 | 59.69 | 146.43 | -17.26 | 56.24 | — | ||||
| Amount in ₹ Crore | |||||||||
Finelistings Technologies Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 43.16% |
| ROCE | 21.73% |
| RoNW | 44.05% |
| P/BV | 8.87 |
| PAT Margin (%) | 19.65 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.05 | 8.31 |
| P/E (x) | 17.44 | 14.8 |
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Competitive Strengths
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Finelistings Technologies Limited 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 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1000 | ₹123,000 |
| Retail (Max) | 1 | 1000 | ₹123,000 |
| HNI (Min) | 2 | 2,000 | ₹246,000 |