About
Finelistings Technologies Limited is launching its IPO. The offer opens for subscription on 07th May 2024 and will close on May 09th, 2024.
Disclaimer: This stock will trade with a lot size of 1000 shares in the SME segment on listing.
What does Finelistings Technologies Limited do?
Finelistings Technologies Limited is involved in two main lines of business: retailing pre-owned luxury cars and providing software development services. In the car retail segment, they focus on premium and high-end luxury vehicles, offering services such as sales, after-sales support, and assistance with financing. They’ve shifted from a commission-based model to a buy-and-sell approach to improve margins. Their strategy involves procuring pre-owned cars, refurbishing them, and selling them through both offline showrooms and online platforms.
They aim to create an online-to-offline ecosystem connecting various stakeholders in the automotive industry. They plan to launch a mobile application to enhance customer connectivity. In the software development segment, they offer a range of services including digital transformation, data analytics, and IoT solutions. They operate on a lien model, engaging with staffing companies and freelancers to access a diverse talent pool. Their services are customized to meet client needs, and they also outsource to third-party companies to fulfill requirements.
Schedule/Timeline of Finelistings Technologies Limited IPO
| Issue Period | 7th May to 9th May 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | May 10, 2024 |
| Initiation of Refunds | May 13, 2024 |
| Credit of Shares | May 13, 2024 |
| Date of Listing | May 14, 2024 |
| Mandate end date | May 24, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | June 09, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | August 08, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How do I apply to the Finelistings Technologies Limited IPO?
You can apply for the Finelistings Technologies Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
Where do I check the allotment status for Finelistings Technologies Limited IPO?
You can check the allotment status for the Finelistings Technologies Limited IPO on the website of the Registrar and Transfer agent.
Alternatively, you can also check the allotment status on the NSE website.