Finelistings Technologies Limited (BSE SME)

May 7, 2024 - May 9, 2024

---

IPO Reservation

Investor Category	Shares Offered	No. of Shares
Retail	47.36%	521000
Other	47.36%	521000
Market Maker	5.27%	58000
Total No. of Shares	100.0%	1100000

Finelistings Technologies Limited, incorporated in 2018, operates across two distinct yet synergistic segments. Firstly, in its retail arm, the company specializes in the sale of pre-owned luxury vehicles, catering to the discerning clientele seeking premium automotive experiences. Offering a diverse range of sedans, SUVs, sports cars, and convertibles, Finelistings ensures a curated selection with an average selling price of 40.00 lakhs. Beyond mere transactions, the company prioritizes customer satisfaction by providing comprehensive after-sales services and repairs facilitated through affiliated service centers. Moreover, Finelistings facilitates access to financial assistance from third-party financiers, enhancing affordability and convenience for its clientele. The retail division debuted its operations with the inauguration of the flagship showroom under the Finecars brand at Ambience Mall, Vasant Kunj, NCR, in August 2022, strategically positioning itself in a prime location to capture the luxury vehicle market in the National Capital Region. Secondly, the company leverages its expertise in software development services, offering a spectrum of cutting-edge solutions including cloud-based services and IT consulting services encompassing big data analytics, cloud architecture, data engineering, and IoT solutions. Further extending its offerings, Finelistings provides bespoke solutions such as business intelligence analytics, cloud development, data management, digital transformation, IoT development, and web development, catering to diverse client needs in the rapidly evolving technological landscape. Despite its nascent stage, as of October 31, 2023, Finelistings boasted a lean yet proficient team comprising a total of 5 dedicated employees, poised to drive innovation, excellence, and growth across its multifaceted operations.

Company Financials

Period	Feb-24	Mar-23	Mar-22	Mar-21
Assets	968.92	1,015.99	154.33	59.69
Revenue	1,359.97	1,390.62	694.32	146.43
Profit	276.99	178.92	-8.33	-17.26
Net Worth	618.96	351.83	47.91	56.24
Reserves	375.20	98.21	46.79	55.12
Amount in ₹ Lakhs

Strength Factors

Brand and Customer Experience Driving Powerful Network Effects: The company's diversified business offerings are supported by strong brands and exceptional customer experience, which foster powerful network effects. This means that as more customers engage with the company’s brands and experiences its services, the value proposition strengthens, attracting more customers and enhancing brand loyalty. This positive feedback loop creates a sustainable competitive advantage and barriers to entry for competitors.

Quality Assurance: The Company prioritizes quality assurance across its diverse business offerings. This commitment ensures that products and services consistently meet or exceed customer expectations, enhancing customer satisfaction and loyalty. Quality assurance also contributes to brand reputation, fostering trust among consumers and stakeholders. By maintaining high standards, the company can mitigate risks associated with product/service defects or inconsistencies, thereby safeguarding its reputation and market position.

Experienced Promoters and Management Team: The company benefits from an experienced team of promoters and management professionals who bring expertise, strategic vision, and industry insights to the table. Their collective knowledge and leadership steer the company through challenges and opportunities, driving growth and innovation. With a proven track record of success, the promoters and management team inspire confidence among investors, employees, and other stakeholders. Their ability to navigate complexities, make sound decisions, and adapt to changing market dynamics strengthens the company's resilience and competitiveness in the long term.

Risk Factors

Legal Proceedings Risk: The Company, its promoters, directors, and group companies are involved in certain legal proceedings. Adverse decisions in these proceedings could significantly impact the company's business, financial condition, and results of operations. Legal outcomes can incur substantial costs, damage reputation, and affect investor confidence, thereby posing a significant risk to the company's stability and growth.

Competition Risk: The used car business faces increasing competition from both online and offline players, including authorized dealers and unorganized entities. This heightened competition can potentially erode market share, reduce margins, and necessitate increased spending on marketing and promotional activities to maintain relevance. Failure to effectively compete in this crowded market could adversely affect the company's business, financial performance, and market position.

Fraud Risk: The Company may be exposed to fraudulent activities by sellers or purchasers of used vehicles listed on its platforms. Fraudulent behavior, such as misrepresentation of vehicle condition, non-disclosure of pertinent information, or financial scams, can result in financial losses, damage to reputation, and legal liabilities for the company. Implementing robust fraud detection and prevention mechanisms, while essential, may not completely eliminate the risk of fraudulent transactions, thus posing an ongoing threat to the company's operations and financial stability.

Skyline Financial Services Private Ltd

Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php