About the Company:
FineListings Technologies Ltd (FineCars) 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 customers.
Company’s offerings are spread across the spectrum of various digital technologies such as cloud-based services, IT consulting services such as, big data analytics, cloud architecture, data engineering, IoT solutions and offering based solutions such as business intelligence analytics, cloud development, cloud solutions, data management, digital transformation, IoT development and web development.
Under our pre-owned luxury car retail business, we are focused on the used premium and high-end luxury cars where the average sale price is ₹ 40.00 lakhs.
Company’s currently have a limited presence over the pre-owned value chain, such as after sales services and repairs (including sales of spare parts, lubricants and accessories), which we undertake through our affiliated service centers.
Company also helps clients in securing financial assistance from third-party financers. Company started our operations and opened our first showroom under the brand “Finecars” on August, 2022 at Ambience Mall, Vasant Kunj, National Capital Region (NCR).
Since, the launch of company’s retail business in 2020, Company has sold 100 pre-owned cars to 100 customers.
Company has evolved the business model from a pure commission based to a buy-n-sell retail model since mid-2020, with an objective to improve the margins.
Since 2020, Company’s sales through off-line channel i.e. through showroom constituted 30% of total sale and 70% was sales made through online platform, including various 3rd party platforms.
Company’s Business Strategy:
As a business strategy, Company engages in the buy-n-sell model where we procure the pre-owned cars from its owners, under take necessary services, refurb the cars mechanically and aesthetically to make it ready for display in our showroom and also on our website and other multi-channel auto platforms.
The automotive ecosystem is highly fragmented and complex. The process of buying vehicles requires buyers to go through several channels and numerous stages. Company’s vision is to create an O2O (online-to-offline) ecosystem for automobiles which connects customers, OEMs, dealers, banks, insurance companies and other stakeholders.
Company believes that a hybrid model of offline and online sales would help in expanding our presence across our customer base. To provide a seamless service offering and increase our connectivity with potential customers company would also be launching our mobile application.
Company’s Preowned Luxury Car Business:
Company’s pre-owned luxury car business offers a wide range of cars, including sedans, SUVs, sports cars, and convertibles. All the vehicles we purchase are thoroughly inspected and certified, ensuring that they meet our high standards for quality and reliability.
In addition to selling vehicles, company is also offer financing, warranties, and maintenance services to ensure that ourcustomers make the most of their investment.
Company also offers Software Development Services.
Company also leverage on the experience and expertise of promoters, in providing software development services which includes, digital transformation, data analytics, technology consulting, infrastructure and security needs of our customers.
Company’s offerings are spread across the spectrum of various digital technologies such as cloud-based services, IT consulting services such as, big data analytics, cloud architecture, data engineering, IoT solutions and offering based solutions such as, business intelligence analytics, cloud development, cloud solutions, data management, digital transformation, IoT development and web development.
Company does the software development service under a lien model, where we engage staffing companies and freelancer software developers who are engaged on-call basis.
Company also outsource the requirements to third-party software developing companies. Company’s business model helps us in hiring and engaging with a wide talent pool available in the market, thus offering a diverse range of services to our customers.
Company’s Segment wise Revenue Breakup: (in lakhs)
Company’s Locations:
Management Team:
- Mr. Aneesh Mathur (Designation: Chief Executive Officer & Executive Director)
- Mr. Arjun Singh Rajput (Designation: Managing Director)
Objectives of the Issue:
Fresh Issue: (Rs.13.53 cr)
- Purchase of Software.
- To meet working capital requirements.
- General Corporate Purpose.
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Purchase of Software | 5.0 cr |
| To meet working capital requirements | 5.0 cr |
| General corporate purposes | 2.43 cr |
| Net Proceeds | 12.43 cr |
Financials of the Company:
| (in Crores) | FY 21 | FY 22 | FY 23 | Upto 29th Feb 24 |
|---|---|---|---|---|
| Revenue | 1.46 | 6.94 | 13.90 | 13.59 |
| Net Profit | (-0.17) | 0.08 | 1.78 | 2.76 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Finelistings Technologies Ltd (Fine Cars) | 10 | 8.78 | 14.04 | 50.85% | 13.87 |
| CarTrade Tech Ltd | 10 | 6.71 | 98.83 | 1.60% | 454.48 |
| Cambridge Technology Enterprises Ltd |
10 | 4.15 | 22.06 | 8.27% | 50.32 |
| Globalspace Technology Ltd | 10 | 0.46 | 47.13 | 1.44% | 31.47 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 7th May 2024 |
| Issue Closes on | 9th May 2024 |
| Issue Price | Rs.123 |
| Face Value | Rs.10 |
| Minimum Lot | 1000 Shares |
| Minimum Investment | Rs. 1,23,000 |
| Issue Constitutes | 30.25 % |
| Issue Size | Rs.13.53 cr |
| Market Cap | Rs.44.72 cr |
| Listing at | BSE SME |
| Equity Shares Offered (Fresh) | 11,00,000 (Rs.13.53 cr) |
| Equity Shares Prior to the Issue | 25,36,250 |
| Equity Shares after the Issue | 36,36,250 |
Important Dates:
| Finalization of Basis of Allotment | on or Before 10th May 2024 |
| Initiation of Refunds | on or Before 13th May 2024 |
| Credit of Equity Shares: | on or Before 13th May 2024 |
| Listing Date: | on or Before 14th May 2024 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 8.78 | 14.04 | 50.85% | 13.87 |
Also Read: Complete List of NSE/BSE Holidays List>>
| Should You Subscribe or Not ? (Markets Guruji’s View) |
|---|
| FineListings Technologies Ltd operates a diversified business encompassing retail of pre-owned luxury cars and software development services. Their software solutions address digital transformation, data analytics, technology consulting, infrastructure, and security needs. With offerings spanning cloud-based services, IT consulting, big data analytics, and IoT solutions, the company provides comprehensive support in business intelligence analytics, cloud development, and web development.
In addition to its technological prowess, FineListings aids clients in securing financial assistance from third-party financers. Their pre-owned luxury car division offers a broad selection, ranging from sedans to SUVs, sports cars, and convertibles. While the IPO may not currently appeal to investors, monitoring the company’s future plans could provide insights for potential investments down the line. |
| Company Contact Info: |
|---|
| FineListings Technologies Ltd G-07, Ground Floor, Ambience Mall, Nelson Mandela Road, Vasant Kunj, South West Delhi, New Delh – 110070, India. Telephone: +91 93551 11911 Email: cs@finelistings.com Website: https://www.finecars.co.in/ |
| Registrar to the Issue: |
|---|
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED D-153, A, 1st Floor, Okhla Industrial Area, Phase- I, New Delhi – 110020, Delhi, India Tel No: 011-40450193-97 E-mail Id: ipo@skylinerta.com Website: www.skylinerta.com |
| Lead Manager to the Issue: |
|---|
| FEDEX SECURITIES PRIVATE LIMITED B 7, 3rd Floor, Jay Chambers, Dayaldas Road, Vile Parle – [East], Mumbai – 400 057, Maharashtra, India Tel No.: +91 81049 85249 E-mail Id: mb@fedsec.in Website: www.fedsec.in |
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|---|
SkylineWebsite: http://Skyline/IPO/Allotment_Status |
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