Finelistings Technologies Limited Announces IPO

Finelistings Technologies Limited Announces IPO

VoM News Desk | May 7, 2024 | 04:04 PM IST | Breaking News | Follow on Google News

Finelistings Technologies Limited Announces IPO

Finelistings Technologies Limited Announces IPO

Key Points:

1. IPO Details: Finelistings Technologies Limited plans to go public on May 7, 2024, aiming to raise Rs 13.53 Crore at Rs 123 per share on the BSE SME platform.
2. Utilization of Funds: The net proceeds from the IPO will be used for software purchase, working capital, and general corporate purposes to enhance operations in luxury car retail and software development sectors.
3. Leadership Perspective: Arjun Singh Rajput, MD of Finelistings, highlighted the IPO as a significant step in their growth journey, focusing on expanding operations and services. Uday Nair, Director of Fedex Securities Private Limited, expressed confidence in Finelistings’ potential for growth in luxury car retail and software development.

Finelistings Technologies Limited, a prominent player in luxury car retail and software development, is set to embark on its IPO journey on May 7, 2024. With a focus on expanding operations and enhancing services, the company aims to utilize the raised funds strategically. This IPO marks a significant milestone, signaling Finelistings’ commitment to growth and innovation in the automotive industry.

Source: PNN

VoM News Desk

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