Finelistings Technologies IPO booked over 37 times on day 3: Check subscription updates, allotment and listing

As per the BSE data, the public issue received bids for over 3.9 crore shares against 10.42 lakh shares on offer reflecting an overall subscription of 37.49 times.

The retail portion of the IPO was booked 39 times with biddings for 2.03 crore shares against 5.21 lakh shares reserved for the category. The non-institutional investors’ (NIIs) category was subscribed 30 times as the bidders applied for 1.56 crore shares against 5.21 lakh shares set aside for the category.

In the qualified institutional buyers (QIBs) category the public issue received bids for 31.63 lakh shares.

Finelistings Technologies Limited IPO details

The BSE SME IPO of Finelistings Technologies Limited was a fixed price offer and comprised a fresh issue of 11 lakh shares. The company fixed the price at ₹123 per share for the IPO. The minimum lot size was 1,000 Shares. The minimum investment size for retail investors was ₹1,23,000.

Of the net issue size of 10,42,000 equity shares of face value of ͅ₹10 each, the company reserved 50%, or 5,21,000 shares, for retail investors. The remaining 50%, or 5,21,000 shares, were offered to non-retail investors such NIIs and QIBs. As many as 58,000 shares were reserved for the market maker, Rikhav Securities.

Finelistings Technologies Limited IPO share allotment

Finelistings Technologies is expected to finalise the share allotment on May 10. Investors can check the website of IPO registrar Skyline Financial Services Private Ltd for share allotment status. Refunds and credit of shares to demat accounts will be issued on May 13.

Finelistings Technologies Limited listing date

Finelistings Technologies will list its shares on BSE SME platform on Tuesday, May 14.

Finelistings Technologies Limited IPO objects

The company has proposed to utilise net proceeds of ₹12.43 crore of the issue to meet working capital requirements and purchase of software. It has planned to spend ₹5 crore for the purchase of software, another ₹5 crore for meeting working capital requirements and ₹2.43 crore for general corporate purposes.

Finelistings Technologies is engaged in the retail of pre-owned luxury cars and software development services. It offers various software services, cloud-based services, IT consulting services such as, big data analytics, cloud architecture and data engineering.

The company reported revenue of ₹13.59 crore for the period ended February 29, 2024, in the last fiscal. The net profit was ₹2.76 crore.

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