Finelistings Technologies IPO: To date, 49% of issues have been booked on day one; check the latest GMP, subscription status, critical dates, and more.

Finelistings Technologies’ IPO is now available for subscription at ₹123 per share. The company provides luxury car sales and software development services. Aneesh Mathur and Arjun Rajput promoted the IPO, which is 45% subscribed on day one and has a GMP of +22.

Finelistings Technologies IPO
Finelistings Technologies IPO began for subscription today (Tuesday, May 7) and will conclude on Thursday, May 9.
Finelistings Technologies IPO initial public offering began today (Tuesday, May 7) and will close on Thursday, May 9. The price band has been fixed at ₹123 per equity share with a face value of ₹10. The Finelistings Technologies IPO lot size consists of 1,000 shares. Bids for multiples of 1,000 equity shares may be made after the initial bid of 1,000 equity shares. 

According to the company’s prospectus, it is engaged in two distinct business ventures: (a) retailing pre-owned luxury vehicles; and (b) providing software development services to our clients’ infrastructure, security, data analytics, digital transformation, and technology consulting requirements. The offerings cover a wide range of digital technologies, including cloud-based services, IT consulting services, big data analytics, cloud architecture, data engineering, and IoT solutions, as well as offering-based Solutions include business intelligence analytics, digital transformation, IoT development, cloud development, cloud solutions, data management, IoT development, and web development.

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Arjun Rajput and Aneesh Mathur are the company’s promoters. The Promoters monitor and manage the main corporate activities, drawing on their significant industry knowledge.

The company’s (with a P/E of 14.04) listed peers include CarTrade Tech Ltd (with a P/E of 98.83), Cambridge Technology Enterprises Ltd (with a P/E of 22.06), and Globalspace Technology Ltd (with a P/E of 47.13).

Finelistings Technologies IPO subscription status

Finelistings Technologies’ IPO subscription status is currently 49% on day one.

On day one, the retail portion was subscribed to 88%, while the NII portion was booked at 10%.

At 11:51 IST, the company got bids for 5,12,000 shares versus 10,42,000 on sale, according to data from chittorgarh.com.

Finelistings Technologies IPO details

Finelistings Technologies’ IPO, worth about ₹13.53 crore, includes a fresh issue of 1,100,000 equity shares with a face value of ₹10. There is no “offer for sale” feature.

The company intends to use the net proceeds of the offering for three reasons: general corporate purposes, software acquisition, and working capital requirements.

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Fedex Securities Pvt Ltd is the book running lead manager for the Finelistings Technologies IPO, while Skyline Financial Services Private Ltd serves as the registrar. Rikhav Securities serves as the market maker for Finelistings Technologies’ initial public offering.

Finelistings Technologies’ IPO share allotment will be finalized on Friday, May 10, with refunds initiated on Monday, May 13, and shares credited to allottees’ demat accounts on the same day. Finelistings Technologies’ IPO shares are expected to be listed on BSE SME on Tuesday, May 14.

Finelistings Technologies IPO GMP today

Finelistings Technologies’ IPO GMP, or grey market premium, is +22. Finelistings Technologies’ share price was trading at a premium of ₹22 in the gray market, according to investorgain.com.

Finelistings Technologies is expected to list at ₹145 per share, 17.89% more than the IPO price of ₹123, after accounting for the upper end of the pricing range and the existing premium in the grey market.

Grey market action during the preceding 35 sessions suggests that the IPO GMP is trending upward and expects a strong listing today. Investorgain.com analysts expect a minimum GMP of ₹0 and a high of ₹22.

The ‘grey market premium’ reflects investors’ willingness to pay more than the issue price.

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Hi, My self Saurabh Singh

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