Finelistings Technologies Limited was founded in 2016 and based in New Delhi, India, the company operates an online marketplace where used luxury vehicles and luxury real estate are buy and sell to the premium segment in India. They provide the best range of cars, used cars, kids toys & other products with effective & timely delivery.

FTPL is coming up with an IPO to raise funds from the public based on the Fixed Price Issue. The Issue Size of the IPO is ₹ 13.53 Crores comprising of entirely fresh issue of 11,00,000 equity shares. FTPL IPO opens on 7th May 2024 and closes on 09th May 2024 for the subscription. 

Finelistings Technologies Limited IPO allotment is expected to be finalized on 10th May 2024. FTPL IPO will be listed on BSE SME for Commencement of trading of the Equity Shares on the Stock Exchange on 14th May 2024.

Finelistings Technologies Limited IPO issue price is ₹ 123 Per Equity Share. The minimum lot size for an application is 1000 equity shares and the minimum amount of investment required to subscribe to Amkay Products IPO under the Retail Category ₹ 1,23,000. The minimum lot size for an application is 2000 equity shares and the minimum amount of investment required to subscribe to FTL IPO under the HNI Category ₹ 2,46,000 respectively.

The book-running lead manager of the Finelistings Technologies IPO is FEDEX SECURITIES PRIVATE LIMITED and the registrar is SKYLINE FINANCIAL SERVICES PRIVATE LIMITED for the issue. The market maker for Refractory Shapes IPO is RIKHAV SECURITIES LIMITED.

Refer to Finelistings Technologies Limited RHP for more details about the company and the IPO.

FTPL aim to create an online-to-offline ecosystem connecting various stakeholders in the automotive industry. In the software development segment, they offer a range of services including digital transformation, data analytics, and IoT solutions. 

Objectives of Finelistings Technologies Pvt. Ltd.

Finelistings Technologies intends to utilize the Proceeds of the Issue to meet the following objects: 
1. Purchase of Software 
2. To meet working capital requirements
3. General Corporate Purpose

Finelistings Technologies believe that listing will enhance their corporate image and visibility of brand name of the Company. It will also provide liquidity to the existing shareholders and will also create a public trading market for the Equity Shares of their Company

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About Finelistings Technologies Limited Limited

The Company is engaged in diversified business i.e., (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 their customers. Under their pre-owned luxury car retail business, they are focused on the used premium and high-end luxury cars where the average sale price is ₹ 40.00 lakhs. They currently does not have presence over the pre-owned value chain i.e., after sale services & repairs but they have started their operations and opened first new showroom under the brand “Finecars” on August, 2022 at Ambience Mall, Vasant Kunj, National Capital Region (NCR).

The Software service activity is outsourced to third party vendors and they execute the project as per the specification detailed/ description from company's customers and has guided by FTPL.

FTPL provide some amazing services which are as follows :

1. They help to develop modern and user-friendly website.
2. The company helps in developing Native and Hybrid cross-platform Mobile Apps for brands and business.
3. FTPL helps in Customer relationship management.
4. In Data Analytics, they utilize advanced statistical methods and machine learning to uncover hidden patterns, trends, and connections.
5. The company help with Business Intelligence by filling the gap between data and the decision-makers.
6. FTPL provide consultation and tech support to our clients.
7. They can help us with Software Development with their custom solutins.

INDIAN USED CAR INDUSTRY

The Indian used car market was valued at USD 32.14 billion, and it is expected to reach USD 74.70 billion, registering a CAGR of 15.1% during the forecast period. The COVID-19 pandemic had a minimal impact on the industry. With the increased number of people preferring individual mobility and more finance options available in the used car market, the market is set to grow considerably. 

Over the long term, the standardized dealership experience, high price experience, and high financing cost for used cars may stifle the market’s growth. With the implementation of the new BS-VI emission standards by the Government of India, the technological cost of cars to meet the standards will be borne by consumers. The companies’ emphasis on reducing diesel car production is expected to increase demand for compact diesel cars in the price and mileage-sensitive Indian market.

A few years ago, the new-to-used car ratio was 1:1.2, but it is now 1:2.2. When ten new cars are sold, the market has 22 used cars available for purchase. The average holding time of a new car has decreased from 5-6 years to 3 years.

Due to their business models and increased number of pre-owned car retail outlets, significant players hold the largest market share in India’s used car market. OLX, Mahindra First Choice Wheels, CARS24, Maruti True Value, and Hyundai H Promise are among the major players.

INDIAN IT INDUSTRY

The IT & BPM sector has become one of the most significant growth catalysts for the Indian economy, contributing significantly to the country’s GDP and public welfare. The IT industry accounted for 7.4% of India’s GDP in FY22, and it is expected to contribute 10% to India’s GDP by 2025.

The IT & BPM sector has become one of the most significant growth catalysts for the Indian economy, contributing significantly to the country’s GDP and public welfare. The IT industry accounted for 7.4% of India’s GDP in FY22, and it is expected to contribute 10% to India’s GDP by 2025. India is one of the countries with the quickest pace of digital adoption.

India’s rankings improved six places to the 40th position in the 2022 edition of the Global Innovation Index (GII).

GOVERNMENT INITIATIVES

Some of the major initiatives taken by the government to promote the IT and ITeS sector in India are as follows:
i. Cabinet approved PLI Scheme – 2.0 for IT Hardware with a budgetary outlay Rs. 17,000 crores (US$ 2.06 billion).
ii. In August 2022, the Indian Computer Emergency Response Team (CERT-In), in collaboration with the Cyber Security Agency of Singapore (CSA), successfully planned and carried out the “Synergy” Cyber Security Exercise for 13 countries to build network resilience against ransomware attacks.
iii. The government introduced the STP Scheme, which is a 100% export-oriented scheme for the development and export of computer software, including export of professional services using communication links or physical media.
iv. The government introduced the STP Scheme, which is a 100% export-oriented scheme for the development and export of computer software, including export of professional services using communication links or physical media.
v. In September 2021, the Indian government inaugurated five National Institute of Electronics & Information Technology (NIELIT) Centres in three North-Eastern states to boost availability of training centres and employment opportunities.

FINELISTINGS TECHNOLOGIES STRENGTHS & STRATEGIES

1. Diversified business offerings.
2. Brands and Customer Experience Driving Powerful Network Effects.
3. Increase their Online-Offline Presence with special focus on premium and luxury cars.
4. Create an opportunity to monetize value added services.
5. Continue to invest in technology and digitalizing sales and service channels.
6. Acquire new accounts and deepen key account relationships.

FINELISTINGS TECHNOLOGIES RISK FACTORS & CONCERNS

1. Company's existing car showroom are concentrated in a single region i.e., Delhi, NCR
2. Any changes in technology may render their current technologies obsolete or require them to make substantial capital investments.
3. They may not be able to procure financing for vehicle purchases by customers.
4. Failure or disruption of their IT, manufacturing automation systems may adversely affect their business, financial condition and results of operations.
5. They may not be fully insured for all losses they may incur.
6. Their business may expose them to potential product liability claims.