Finelistings Technologies IPO allotment status likely to be finalised today: Steps to check status on Skyline Financial Services

Finelistings Technologies IPO received a robust demand from bidders as the subscription window came to a close on Thursday, May 9.

The fixed price issue received applications for 3.9 crore shares against 10.42 lakh shares on offer on the final day of bidding. The initial public offering of Finelistings Technologies was overall booked 37.49 times.

After a strong subscription, the investors are looking forward to share allocation. Finelistings Technologies IPO share allotment status is likely to be finalised on Friday, May 10. The investors, who participated in the bidding process, will be informed through emails and SMS by the company about the status of share allotment.

Investors can also check the share allotment status on the official website of BSE and IPO registrar Skyline Financial Services Private Ltd’s website.

Follow these steps to check Finelistings Technologies Limited share allotment status.

How to check Finelistings Technologies IPO share allotment status on registrar website?

• Go to Skyline Financial Services' portal - https://www.skylinerta.com/ .
• Click on ‘Public Issues’ tab on the top of the page.
• Choose ‘Finelistings Technologies’ from drop down menu for company names.
• Enter either Client ID details or Application Number or PAN to check allotment status
• Click the 'Search' button.

The share allocation details will appear on screen. However, it’s important to note that the name of the company and share allocation details can be checked by the investors only after the company finalises the allotment status.

How to check Finelistings Technologies IPO share allotment status on BSE website

• Go to the official website of BSE - https://www.bseindia.com/.
• Select the Public Issues tab.
• Click on the Status of Issue Application link.
• Choose the issue type as 'Equity'.
• Select ‘Finelistings Technologies' from the dropdown menu
• Enter IPO application number or PAN.
• Click on the 'I'm not a robot' popup.
• Click on the 'Search' button.

Finelistings Technologies IPO price band, lot size and listing

The ₹13.53-crore public offer is a fixed price issue comprising fresh issue of 11 lakh shares. The public offer opened for subscription on May 7 and closed on May 9.

Finelistings Technologies IPO will list shares on BSE SME platform with a tentative listing date fixed as May 14.

Finelistings Technologies IPO price band was fixed at ₹123 per share. The minimum lot size was 1000 shares which would amount to a minimum investment of ₹123,000 by retail investors.

About Finelistings Technologies IPO

Finelistings Technologies Technologies is engaged in the resale of used luxury cars and also offers software development services. The Company sells used premium and high-end luxury vehicles and also offers after-sales services and repairs through affiliated service centres. The company offers a host of cloud-based services such as IT consulting services such as big data analytics, cloud architecture, data engineering among others.

The company will use the proceeds of the IPO for the purchase of software, meeting working capital requirements and for other general corporate purposes.

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