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.
Finelistings Technologies Limited’s revenue increased by 100.29% and profit after tax (PAT) rose by 2247.9% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Jul 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,002.96 | 1,015.99 | 154.33 | 59.69 |
| Revenue | 743.61 | 1,390.62 | 694.32 | 146.43 |
| Profit After Tax | 123.20 | 178.92 | -8.33 | -17.26 |
| Net Worth | 475.03 | 351.83 | 47.91 | 56.24 |
| Reserves and Surplus | 221.41 | 98.21 | 46.79 | 55.12 |
| Amount in ₹ Lakhs | ||||
The Net Proceeds from the Issue are proposed to be utilized by the company for the following objects:
Finelistings Technologies IPO opens on May 7, 2024, and closes on May 9, 2024.
| 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 |
As per our analysis and Based on the information we have, this is the output.
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