Finelistings Technologies Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Finelistings

CMP

58.50

+1.10 (1.92%)

  • DRHP
₹123

Offer Price

₹ 13.53 Cr

Issue Size

₹ 1,23,000

Min Investment

1,000

Lot size

Time Line

  • 07
    May 2024
    Open
  • 09
    May 2024
    Close
  • 10
    May 2024
    Finalisation of Basis of Allotment
  • 13
    May 2024
    Initiation of Refunds
  • 13
    May 2024
    Transfer of Shares to Demat Account
  • 14
    May 2024
    Listing Date

Objects of the Offer

  • Increase its Online-Offline Presence with special focus on premium and luxury cars.

  • Create an opportunity to monetize value added services.

  • Continue to invest in technology and digitalizing sales and service channels.

  • Acquire new accounts and deepen key account relationships.

  • Inventory Management.

Products & Services

  • The Company 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

Strengths

  • Diversified business offerings.

  • Brands and Customer Experience Driving Powerful Network Effects.

  • Quality assurance.

  • Experienced Promoters and management team.

Risks

  • The Company, Promoters, Directors and Group Companies are parties to certain legal proceedings. Any adverse decision in such proceedings may have a material adverse effect on its business, results of operations and financial condition.

  • The company depends on a limited number of customers for a significant portion of its revenue from operations. The loss of any of its major customer due to any adverse development or significant reduction in business from the company major customer may adversely affect its business, financial condition, results of operations, cash flow and future prospects.

  • Increasing competition in used car business through online and offline players, including authorized dealers, unorganized players may have an adverse impact on its business, result of operations and financial condition.

  • Used vehicles in its car showroom may be stolen, damaged or destroyed before these vehicles can be sold. Further, inventory stored at its Godown which is situated underground of its car showroom, parked with it may be stolen or used without its authorization or for illegal activities, exposing it to liabilities and negative publicity and damage the trust and confidence of its customers.

  • The company relies on third-party service providers for many aspects of its business, and any failure to maintain these relationships could harm its business.

Company Promoters

Promoters Holding

Issue For IPO
21.08%
Pre Holding

69.68%

Post Holding

48.60%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 6.94 (375.30%) 13.89 (100.10%) 50.85 (-)
Gross Profit 6.94 (375.30%) 13.89 (100.10%) 50.85 (-)
Net Income 6.94 (375.30%) 13.89 (100.10%) 50.85 (-)
Assets 6.94 (375.30%) 13.89 (100.10%) 50.85 (-)
Liabilities 6.94 (375.30%) 13.89 (100.10%) 50.85 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Finelistings Technologies Ltd 13.89 1.79 4.77 1.25 50.85 0.00 13.87 1.83 0.26
Cartrade Tech Ltd 363.74 34.00 2,343.23 2,343.23 1.66 7.28 453.07 1.45 0.00
Cambridge Technology Enterprises Ltd 181.99 8.15 176.69 176.69 8.24 4.15 50.54 4.61 0.58
Globalspace Technologies Ltd 19.27 0.52 61.96 61.96 1.44 0.46 31.47 0.83 0.60

Book Running Managers

  • Fedex Securities Pvt Ltd

Registrar & Transfer Agent

Skyline Financial Services Pvt

D-153/A 1st Flr,
Okhla Industrial Are,
Phase-I - New Delhi-110020
Phone : 91-11-26812682 Fax: 91-11-30857562

Company Contact Information

G-07 Gr.Flr Ambi.Mall Nelson-,
Mand.Rd. Vasant Kunj S W Delhi,
Delhi - 110070
Phone : +91 93551 11911 Email : cs@finelistings.com www.finecars.co.in

Offer Related Information

Initial public issue of upto 11,00,000 equity shares of face value of Rs. 10/- each ("Equity Shares") of Finelisting Technologies Limited ("The Company" or the "Issuer") for cash at a price of Rs. 123 per equity share (the "Issue Price"), (includ-ing a premium of Rs. 113 per equity share), aggregating Rs. 13.53 crores ("The Issue"), of which 58,000 equity shares of face value of Rs. 10/- for cash at a price of Rs. 123 each aggregating Rs. 0.71 crores will be reserved for subscription by... More

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