Finelistings Technologies
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 07 May 2024 – 09 May 2024
- Listing date
- 14 May 2024
- Face value
- ₹10 per share
- Issue price
- ₹123 per share
- Lot size
- 1,000 shares
- Issue type
- Fixed Price issue
- Total issue size
- ₹13.53 Cr
- Market cap at offer price
- ₹44.73 Cr
- Promoter holding
- 71.65% → 49.98% pre-issue → post-issue
- ISIN
- INE0QOQ01013
- Registrar
- Skyline Financial Services Pvt.Ltd.
- Lead managers
- Fedex Securities Pvt.Ltd.
- Registered office
- G-07, Ground Floor, Ambience Mall, Nelson Mandela Road, Vasant Kunj, New Delhi
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Market maker | 58,000 | — | — |
Application size
Minimum 1,000 shares per lot, in multiples, at ₹123
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,000 | ₹1,23,000 |
| S-HNI (min) | 2 | 2,000 | ₹2,46,000 |
| S-HNI (max) | 8 | 8,000 | ₹9,84,000 |
| B-HNI (min) | 9 | 9,000 | ₹11,07,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 7.05 | 8.31 |
| P/E (×) | 17.45 | 14.80 |
| Price to book (×) | 8.87 | — |
| Market cap | — | ₹44.73 Cr |
Key performance indicators
- Return on net worth
- 44.05%
- ROCE
- 21.73%
- PAT margin
- 19.65%
- NAV per share
- ₹13.87
- Price to book
- 8.87
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Finelistings Technologies
Incorporated on March 23, 2018 as Finelistings Technologies Private Limited and converted into a public limited company (renamed Finelistings Technologies Limited) on August 22, 2023, the company is promoted by Aneesh Mathur and Arjun Singh Rajput. Its primary business is the retail ('buy-n-sell') of pre-owned premium and high-end luxury cars with an average sale price of ₹40.00 lakhs: cars are procured from owners, inspected, refurbished and resold through its 'Finecars' showroom at Ambience Mall, Vasant Kunj (Delhi NCR) and via online and third-party multi-channel platforms — since launch in 2020 roughly 30% of sales were through the showroom and 70% online, with over 100 cars sold (over 37 cars in FY2023). It also helps clients secure financing from third-party financers and offers limited after-sales services and repairs through affiliated service centers. The second vertical provides software development services addressing digital transformation, data analytics, technology consulting, infrastructure and security needs — cloud-based services, big data analytics, cloud architecture, data engineering, IoT solutions, business intelligence, cloud development, data management and web development — delivered under a 'lien' model using staffing companies, freelancer developers and outsourced third-party software firms. In FY2023, total income was ₹1,390.62 lakhs (restated profit ₹178.92 lakhs), with sale of used cars contributing ₹768.83 lakhs (55.36% of revenue from operations) and software development services ₹619.00 lakhs (44.57%).
Company Analysis
from DRHPFinelistings Technologies Limited is a diversified company that retails pre-owned premium and luxury cars under its 'Finecars' brand through a hybrid showroom-and-online model, while also providing software development and IT consulting services.
Incorporated on March 23, 2018 as Finelistings Technologies Private Limited and converted into a public limited company (renamed Finelistings Technologies Limited) on August 22, 2023, the company is promoted by Aneesh Mathur and Arjun Singh Rajput. Its primary business is the retail ('buy-n-sell') of pre-owned premium and high-end luxury cars with an average sale price of ₹40.00 lakhs: cars are procured from owners, inspected, refurbished and resold through its 'Finecars' showroom at Ambience Mall, Vasant Kunj (Delhi NCR) and via online and third-party multi-channel platforms — since launch in 2020 roughly 30% of sales were through the showroom and 70% online, with over 100 cars sold (over 37 cars in FY2023). It also helps clients secure financing from third-party financers and offers limited after-sales services and repairs through affiliated service centers. The second vertical provides software development services addressing digital transformation, data analytics, technology consulting, infrastructure and security needs — cloud-based services, big data analytics, cloud architecture, data engineering, IoT solutions, business intelligence, cloud development, data management and web development — delivered under a 'lien' model using staffing companies, freelancer developers and outsourced third-party software firms. In FY2023, total income was ₹1,390.62 lakhs (restated profit ₹178.92 lakhs), with sale of used cars contributing ₹768.83 lakhs (55.36% of revenue from operations) and software development services ₹619.00 lakhs (44.57%).
Objects of the Issue
- Purchase of Software (data gathering, mobile application development Android/iOS, web application development, UI/UX design, blockchain solution, support, tools/equipment usage and pre-production/storyboards/scripts, per quotations from Spright Software Systems LLP) Upto ₹ 500.00 lakhs p.80
- To meet working capital requirements p.83
- General corporate purposes (not to exceed 25% of gross proceeds) p.85
Issue Structure
- Total Issue
- Up to 11,00,000 Equity Shares aggregating up to ₹ [●] Lakhs
- Fresh Issue
- Up to 11,00,000 Equity Shares aggregating up to ₹ [●] Lakhs (the entire issue constitutes a fresh issue of equity shares)
- Offer for Sale
- N.A. — Not applicable as the entire issue constitutes fresh issue of equity shares
- Price Band
- Fixed Price Issue; Issue Price of ₹ [●] per Equity Share (to be determined)
- Face Value
- ₹ 10/- each
Business Model
The company earns revenue primarily from buying pre-owned cars from sellers, refurbishing them and reselling at a margin through its Finecars showroom and online/multi-channel platforms (historically ~30% offline, ~70% online), supplemented by revenue from software development engagements executed under a lien model with staffing companies, freelancers and third-party developers; it additionally facilitates customer vehicle financing through banks/NBFCs and earns ancillary income from after-sales services via affiliated service centers.
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Aneesh Mathur | Promoter | 34.84% | — |
| Arjun Singh Rajput | Promoter | 34.84% | — |
| Asha Rajput | Promoter Group | 0.79% | — |
| Suruchi Roy | Promoter Group | 0.79% | — |
| Sanjeev Mathur | Promoter Group | 0.39% | — |
Leadership
Auto-extracted from the company's DRHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official DRHP before relying on it.