SLONE INFOSYSTEMS IPO Details: The Slone Infosystems IPO is scheduled, opening on May 3rd and closing on May 7th. This NSE SME IPO aims to raise ₹11.06 crores, with a fixed price band of ₹79 and a market lot of 1600 shares.
Specializing in IT hardware solutions, Slone Infosystems caters to diverse client needs by offering a range of services, including selling and renting IT equipment and providing IT service solutions across India. From laptops and desktops to servers and workstations, they ensure clients receive tailored IT solutions to enhance productivity within budget constraints. With a focus on flexibility and customer satisfaction, Slone Infosystems procures and delivers IT equipment based on individual client requirements, empowering businesses to optimize their IT infrastructure effectively.
SLONE INFOSYSTEMS IPO Objectives:
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 IPO Review (Apply or Not)
- Apply
SLONE INFOSYSTEMS IPO Date & Price Band Details:
| IPO Open: | 3-May-2024 |
| IPO Close: | 7-May-2024 |
| IPO Size: | Approx ₹11.06 Crores, 14,00,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹79 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| QIB Quota: | [.]% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors in IPO: | Click Here |
SLONE INFOSYSTEMS IPO Lot Size:
In the Slone Infosystems IPO, the minimum market lot comprises 1600 shares, requiring an application amount of ₹126,400.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹126400 |
| Retail Maximum | 1 | 1600 | ₹126400 |
| S-HNI Minimum | 2 | 3200 | ₹252800 |
SLONE INFOSYSTEMS IPO Timeline:
The Slone Infosystems IPO is slated to commence on May 3, with the subscription period concluding on May 7. Following this, the IPO allotment is scheduled for May 8, and prospective listing could occur on May 10.
| IPO Open Date: | 3-May-2024 |
| IPO Close Date: | 7-May-2024 |
| Basis of Allotment: | 8-May-2024 |
| Refunds: | 9-May-2024 |
| Credit to Demat Account: | 9-May-2024 |
| IPO Listing Date: | 10-May-2024 |
SLONE INFOSYSTEMS IPO GMP Today:
The grey market premium (GMP) for Slone Infosystems IPO stands at +30, implying shares are trading at a ₹30 premium, as per investorgain.com. Considering the upper end of the IPO price range and the current GMP, it’s anticipated that Slone Infosystems shares will debut at ₹109 per share, reflecting a significant increase of 37.97% from the IPO price of ₹79.
Slone Infosystems Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹11.57 | ₹11.22 | ₹0.28 |
| 2022 | ₹26.59 | ₹26.10 | ₹0.38 |
| 2023 | ₹30.77 | ₹29.91 | ₹0.75 |
| Dec 2023 | ₹34.35 | ₹30.49 | ₹2.85 |
Slone Infosystems IPO Valuation – FY2023
Check Slone Infosystems IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹4.05 per Equity Share |
| Price/Earning P/E Ratio: | 19.50 |
| Return on Net Worth (RoNW): | 35.47% |
| Net Asset Value (NAV): | ₹11.41 per Equity Share |
Peer Group
- Brisk Technovision Ltd
- Benchmark Computer Solutions Ltd
Company Promoters
- Mr. Rajesh Srichand Khanna
- Mrs. Manisha Rajesh Khanna
- Mr. Mohit Rajesh Khanna
Slone Infosystems IPO Registrar
Kfin Technologies Limited
Phone: : +91-40-6716 2222/ 18003094001
Email: sil.ipo@kfintech.com
Website: https://www.kfintech.com/
Slone Infosystems IPO Allotment Status
Check Slone Infosystems IPO allotment status on Kfin Technologies website URL. Click Here
Slone Infosystems IPO Lead Managers aka Merchant Bankers
- Jawa Capital Services Private Limited
Company Address
Slone Infosystems Limited
Office 203, 2nd Floor,
Mohini Heights CHS LTD,
5th Road, Khar West Behind Rajasthan Hotel,
Khar Delivery,
Mumbai-400052, Maharashtra
Phone: 9820324640/9892073899
Email: cs@sloneinfosystems.com
Website: https://sloneinfosystems.com/
