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Finelistings Technologies IPO
Price Band
₹
Issue Size
₹13.53 Cr
Lot Size
1,000 shares
Min Investment
₹123,000
GMP
+₹21.0 (17.07%)
Issue Price
₹123.0
Subject to Sauda
₹16000
Paid only if allotted
Finelistings Technologies IPO AI Summary
- Finelistings Technologies IPO is listed on BSE SME in the E-Retail/ E-Commerce sector.
- Subscription window: 07 May–09 May 2024, listing on 14 May 2024.
- Current GMP is +₹21.0 (17.07%) — unofficial and can change daily.
Finelistings Technologies Limited is a growing player in the E-Retail/E-Commerce sector, focusing on used luxury cars and software services. With a positive trend in income and profitability, the company is looking to raise funds to enhance its operations. Investors should consider their risk profile and market conditions before participating in the IPO.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Finelistings Technologies IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 09 May 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Finelistings Technologies IPO Grey Market Premium (GMP) Today
GMP
+₹21.0
GMP %
+17.07%
Est. Listing
₹144.0
Updated: 25 Jul 2026 14:06
About the Company
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.
Company Financials (₹ Cr)
As of 2024-02-29
| Period Ended | 29 Feb 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 9.69 | 10.16 | 1.54 | 0.60 |
| Total Income | 13.60 | 13.91 | 6.94 | 1.46 |
| Profit After Tax | 2.77 | 1.79 | -0.08 | -0.17 |
| NET Worth | 6.19 | 3.52 | 0.48 | 0.56 |
| Reserves and Surplus | 3.75 | 0.98 | 0.47 | 0.55 |
Key Ratios
EPS
₹7.05
NAV
₹13.87
ROE
43.16%
ROCE
21.73%
RoNW
44.05%
P/B Value
8.87
P/E Ratio
17.44
Market Cap
₹44.73 Cr
PAT Margin
19.65%
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Globalspace Technology Limited | 31.47 | 1.44% | 48.39 | 0.46 | 0.46 |
| Cambridge Technology Enterprises Limited | 50.32 | 8.27% | 16.56 | 4.15 | 4.15 |
| CarTrade Tech Limited | 454.48 | 1.6% | 92.73 | 7.28 | 6.71 |
| Finelistings Technologies Limited This IPO | 13.87 | 50.85% | 14.04 | 8.78 | 8.78 |
Promoters
Aneesh Mathur and Arjun Singh Rajput
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # Issue Objects Est Amt (₹ Cr.) 1 Purchase of Software 5.00 2 To meet working capital requirements 5.00 3 General corporate purposes 2.43
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹6.94 Cr in the year ending 31 Mar 2022, rising to ₹13.91 Cr by 31 Mar 2023. However, the most recent figure for total income is ₹13.60 Cr as of 29 Feb 2024, which is a 9-month figure and not a full year, so isn't directly comparable.
Profit Trend
Profit After Tax improved from a loss of ₹0.08 Cr in the year ending 31 Mar 2022 to ₹1.79 Cr by 31 Mar 2023, and further increased to ₹2.77 Cr as of 29 Feb 2024. This shows a positive trend in profitability over the periods.
Valuation
Finelistings Technologies Limited has an implied P/E of 14.04 at the issue price, compared to peers trading at P/E ratios ranging from 16.56 to 92.73.
Grey Market Premium, Explained
The Grey Market Premium (GMP) indicates the expected listing price of an IPO in the stock market. A positive GMP suggests that the IPO may list at a higher price than the issue price, while a negative GMP indicates the opposite. GMP is not a guarantee of performance and can fluctuate based on market conditions.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their overall investment strategy and risk tolerance. It's important to consider the company's growth potential and market conditions.
Who May Want to Wait
Investors who are risk-averse or prefer stable, established companies may want to avoid this IPO, as it operates in a relatively new and volatile sector with inherent risks.
Listing Gains — The Risk
Listing gains refer to the potential profit made when an IPO's shares are sold on the first day of trading, often at a price higher than the issue price. However, these gains are not guaranteed and can be influenced by market sentiment, demand for the shares, and overall market conditions. Investors should be aware of the risks involved in trading on listing day.
This evaluation is generated from Finelistings Technologies's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Finelistings Technologies IPO GMP today?
Finelistings Technologies IPO GMP today is +₹21.0 (17.07%). GMP is an unofficial grey-market indicator and can change daily.
When does Finelistings Technologies IPO open and close?
Finelistings Technologies IPO opens on 07 May 2024 and closes on 09 May 2024.
When does Finelistings Technologies IPO list on the stock exchange?
Finelistings Technologies IPO listed on 14 May 2024 at ₹144.0.
What is the lot size for Finelistings Technologies IPO?
The lot size for Finelistings Technologies IPO is 1000 shares, requiring a minimum investment of ₹123,000.
What is the issue price of Finelistings Technologies Limited?
The issue price is ₹123.0.
What is the minimum investment required?
The minimum investment required is ₹123,000.
What is the lot size for this IPO?
The lot size is 1000 shares.
What are the listing and allotment dates?
The allotment date is 10 May 2024, and the listing date is 14 May 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of an IPO compared to its issue price.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
07 May 2024
Close
09 May 2024
Allotment
10 May 2024
Listing
14 May 2024
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