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Founded in December 2022, Slone Infosystems Limited is an Indian firm specializing in IT hardware solutions. Their offering includes the sale and rental of a diverse range of IT equipment including laptops, desktops, servers and workstations. Beyond hardware, they extend IT solution services to corporate clients, encompassing tasks like managing cloud servers and servicing IT equipment.
Slone Infosystems IPO Overview
Slone Infosystems is gearing up for its Initial Public Offering worth ₹11.06 crore. This offering includes 14 lakh new shares, each with a face value of ₹10 and priced at ₹79 per share.
Investors can subscribe to the IPO from 3 May 2024 to 7 May 2024. The company plans to allot shares by May 8, 2024 and aims to list on the NSE SME platform by May 8, 2024.
Before the IPO, Mrs. Manisha Rajesh Khanna, Mr. Rajesh Srichand Khanna, Mr. Mohit Rajesh Khanna, the company’s owner, holds 99.43% of the shares but this ownership will decrease to 73.01% after the IPO. Kfin Technologies Limited will manage the IPO registration process.
Slone Infosystems IPO GMP
- Date: 01 – May – 2024
- Slone Infosystems GMP: ₹40 ( 50.63%)
- Date: 30 – April – 2024
- Slone Infosystems GMP: ₹40 ( 50.63%)
- Date: 29 – April – 2024
- Slone Infosystems GMP: ₹30 ( 37.97%)
- Date: 28 – April – 2024
- Slone Infosystems GMP: ₹20 ( 25.32%)
- Date: 27 – April – 2024
- Slone Infosystems GMP: ₹20 ( 25.32%)
How to apply for Slone Infosystems?
For the Slone Infosystems IPO, retail investors can buy one lot, which includes 1600 shares costing ₹126,400. The maximum retail investor can invest is also one lot, which is the same 1600 shares for ₹126,400. HNI needs to buy at least two lots, which means they will get 3200 shares costing ₹252,800.
| Application | Lots | Shares | Amount |
|---|---|---|---|
|
Retail (Min) |
1 |
1600 |
₹126,400 |
|
Retail (Max) |
1 |
1600 |
₹126,400 |
|
HNI (Min) |
2 |
3200 |
₹252,800 |
Slone Infosystems IPO Financial
Over the past three years, Slone Infosystems has witnessed remarkable growth in its financial performance. The company’s assets increased to ₹1,190.7 lakh in 2023 from ₹ 1,167.37 lakh in 2022 and registered ₹929.41 lakh in 2021. PAT continuously increasing from 2021 to 2023 you can check in the table below.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
|
Assets in (₹ Lakhs) |
1,190.71
|
1,167.37 |
929.41 |
|
Revenue (₹ Lakhs) |
3,077.40 |
2,659.14
|
1,157.44
|
|
PAT (₹ Lakhs)
|
74.66
|
38.31
|
27.54
|
|
Total Borrowing (₹ Lakhs) |
681.53
|
921.15
|
726.10
|
Slone Infosystems IPO Quota allocation
- Retail Investors: 50% of the net issue
- Others Investors: 50% of the net issue
Slone Infosystems IPO Listing Date
- Subscription Period: 3 May 2024 to 7 May 2024
- Basis of Allotment Finalization: 8 May 2024
- Initiation of Refunds: 9 May 2024
- Demat Credits: 9 May 2024
- Listing Date: 10 May 2024
- Listing on: NSE SME
