Finelistings Technologies SME IPO Details 2024

About Company - Finelistings Technologies

Finelistings Technologies Limited was founded in March 2018. The company is engaged in various businesses, namely (a) retail of pre-owned luxury cars and (b) software development services addressing the digital transformation, data analytics, technology consulting, infrastructure and security needs of its customers. Its offerings cover the entire spectrum of various digital technologies such as cloud-based services, IT consulting services such as big data analytics, cloud architecture, data engineering, IoT solutions and solutions based on offerings such as business intelligence analytics, cloud development, cloud solutions, data management, digital transformation, IoT development and web development.

As part of its pre-owned luxury car retail business, the company focuses on pre-owned premium and high-end luxury cars with an average selling price of ₹ 40.00 lakhs. Currently, the company has a limited presence in the used car value chain, such as after-sales services and repairs (including sales of spares, lubricants and accessories), which it handles through its affiliated service centres.

They operate on the buy-n-sell model where they buy the used cars from their owners, provide the required services and mechanically and aesthetically refurbish the vehicles to showcase them in their showrooms as well as on their website and other multi-channel car platforms. The automotive ecosystem is highly fragmented and complex. When buying a vehicle, buyers have to go through multiple channels and numerous steps.

Finelistings Technologies SME IPO Strengths

• Diversified business offerings.
• Brands and customer experiences as a driver for strong network effects.
• Quality assurance.
• Experienced promoters and an experienced management team.