Slone Infosystems Limited IPO Detail
Incorporated in December 2022, Slone Infosystems Limited is an Indian company that provides IT hardware solutions. It sells and rents various IT equipment, such as laptops, desktops, servers, and workstations. Additionally, it offers IT solution services to corporate clients, including managing cloud servers and servicing IT equipment.
The company's business can be divided into the following segments
- Sale of Laptop, Computer & Computer Peripherals
- Sale of other IT related products
- IT Service solutions; and
- Rental Services
TThe Company is ISO certified for OH&S, Information Security, Environmental Management, and Quality Management Systems.
As of April 2024, the company has 8 employees.
Company Promoters
Mr. Rajesh Srichand Khanna, Mrs. Manisha Rajesh Khanna, Mr. Mohit Rajesh KhannaIPO Details
| IPO Opening Date | May 03, 2024 |
| IPO Closing Date | May 07, 2024 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹79 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | NSE SME |
| Issue Size | ₹11.06 Cr |
| Fresh Issue | ₹11.06 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.00x | 0.00x | 0.00x | 7.15x | 34.09x | 20.68x |
| Day 2 | 0.00x | 0.00x | 0.00x | 27.71x | 128.31x | 78.14x |
| Day 3 | 0.00x | 0.00x | 0.00x | 756.88x | 540.80x | 667.81x |
IPO Tentative Timetable
The Slone Infosystems Limited IPO open date is May 03, 2024, and the close date is May 07, 2024. The issue may list on May 10, 2024.
| IPO Open Date | May 03, 2024 |
| IPO Close Date | May 07, 2024 |
| Basis of Allotment Date | May 08, 2024 |
| Initiation of Refunds | May 09, 2024 |
| Credit of Shares to Demat Account | May 09, 2024 |
| IPO Listing Date | May 10, 2024 |
IPO Lot Size
The Slone Infosystems Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹126400).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹126400 |
| Maximum | 1 | 1600 | ₹126400 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.43% |
| Post Issue Share Holding | 73.01% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 929.41 | 1157.44 | 27.54 |
| 31-Mar-22 | 1167.37 | 2659.14 | 38.31 |
| 31-Mar-23 | 1190.71 | 3077.40 | 74.66 |
| 31-Dec-23 | 1978.58 | 3434.86 | 284.72 |
Objects of the Issue:
The objects of the present issue of Equity Shares are:
- Capital Expenditure towards purchase of Laptops, Desktops, SSD and RAM.
- Repayment/prepayment of certain borrowings availed by the Company; and
- General Corporate Purpose
Slone Infosystems Limited IPO Registrar:
KFin Technologies Limited
Slone Infosystems Limited IPO Lead Manager(s):
Jawa Capital Services Private Limited
Company Contact Information:
Slone Infosystems Limited
Office 203, 2nd Floor, Mohini Heights CHS LTD,
5th Road Khar West Behind Rajasthan Hotel
Khar Delivery, Mumbai-400052
