29-Apr-2024
2 mins read
Slone Infosystems IPO is open for subscription starting Friday, May 3, 2024, and closing on Tuesday, May 7, 2024. The price of this upcoming IPO is decided at Rs 79 per share. The minimum lot size set for the retail category is 1600 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 3200 shares. The minimum investment required for retail category investors is Rs 1,26,400 (79 x 1600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,52,800 (79 x 3200 shares). Slone Infosystems IPO is a fixed price issue of Rs 11.06 crores. This upcoming IPO is a fresh issue of 14 lakh equity shares. The offer-for-sale component is not available on this issue. The allotment for this new IPO is expected to be finalised on Wednesday, May 8, 2024. Slone Infosystems IPO will be listed on NSE SME, and the listing date is fixed on Friday, May 10, 2024. The book-running lead manager of Slone Infosystems IPO is Java Capital Services Private Limited. The registrar for this IPO is Kfin Technologies Limited. The market maker of this issue is Aftertrade Share Broking.
About Slone Infosystems Limited Company Profile
Slone Infosystems incorporated in December 2022, engaged in the business of providing IT hardware solutions. It sells and rents various IT equipment such as laptops, desktops, servers and workstations. Additionally, Slone Infosystems offers IT solutions to the corporate clients and also manages the cloud servers. Slone Infosystems can be divided into four segments – Sale of Laptop and Desktop, sale of other IT products, IT service solutions and Rental services. They provide customised solutions to their clients for IT requirements. Also, they provide flexibility and advantage to acquire requisite equipment that their clients need to maximise their productivity without compromising their IT budget. As of April 2024, the company had a team of 8 employees in its payroll and 6 contractual employees.
Objectives of Slone Infosystem IPO
The amount received from this Initial public offer will be used to purchase Laptops, Desktop, SSD, RAM etc. Also funds will be utilised to repay the certain borrowings availed by the company. Other than this, general corporate purposes will also be met.
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Financials of Slone Infosystems Limited (Amt in Rs Lakhs)
Slone Infosystems posted a revenue of Rs 3,434.86 lakhs and net profit of Rs 284.72 lakhs for the period ended on 31 December 2023. The company’s revenue increased by 15.73% and PAT increased by 94.88% between the FY ending year of March 31, 2023 and 31 March 2022.
| Period Ended | 31-Dec-23 | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 1,978.58 | 1,190.71 | 1,167.37 | 929.41 |
| Revenue | 3,434.86 | 3,077.40 | 2,659.14 | 1,157.44 |
| Profit After Tax | 284.72 | 74.66 | 38.31 | 27.54 |
| Net Worth | 1,187.51 | 210.49 | 228.7 | 189.61 |
| Reserves and Surplus | 800.61 | 25.94 | - | - |
| Total Borrowing | 642.66 | 681.53 | 921.15 | 726.1 |
Other Important Details of Slone Infosystems IPO
| IPO Date | May 3, 2024 to May 7, 2024 |
| Listing Date | 10-May-24 |
| Face Value | Rs 10 per share |
| Price | Rs 79 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 1,400,000 shares amounting to Rs 11.06 crore |
| Fresh Issue | 1,400,000 shares amounting to Rs 11.06 crore |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 3,869,013 |
| Shareholding post issue | 5,269,013 |
| Market Maker portion | Aftertrade Share Broking |
Time-Table of Slone Infosystems IPO
| IPO Open Date | Friday, May 3, 2024 |
| IPO Close Date | Tuesday, May 7, 2024 |
| Basis of Allotment | Wednesday, May 8, 2024 |
| Initiation of Refunds | Thursday, May 9, 2024 |
| Credit of Shares to Demat | Thursday, May 9, 2024 |
| Listing Date | Friday, May 10, 2024 |
| Cut-off time for UPI mandate | 5 PM on May 7, 2024 |
Lot Size of Slone Infosystems IPO
| Application | Lots | Shares | Amount |
| Retail - minimum | 1 | 1,600 | Rs 126,400 |
| Retail - maximum | 1 | 1,600 | Rs 126,400 |
| HNI - minimum | 2 | 3,200 | Rs 252,800 |
IPO Reservation of Slone Infosystems Limited
| Investor Category | Shares Offered |
| Retail | 50 percent of the Net issue |
| Others | 50 percent of the Net issue |
Key Performance Indicator of Slone Infosystems Limited IPO
| KPI | Values |
| ROE | 74% |
| ROCE | 34.44% |
| Debt/Equity | 0.33 |
| RoNW | 23.98% |
EPS and P/E Ratio Post IPO
| Pre IPO | Post IPO | |
| EPS (Rs) | 13.58 | - |
| P/E | 5.82 | - |
Promoters of Slone Infosystems Limited and Their Holdings
The promoters of Slone Infosystems company are Mr. Rajesh Srichand Khanna, Mrs. Manisha Rajesh Khanna, Mr. Mohit Rajesh Khanna.
| Shareholding Pre Issue | 99.43 percent |
| Shareholding Post Issue | 73.01 percent |
Lead Manager(s) of Slone Infosystems IPO
The lead manager for Slone Infosystems IPO is Java Capital Services Private Limited.
How do you apply for the Slone Infosystems IPO?
Wait for the public issue to open for subscription, then click here to apply for the Slone Infosystems Limited IPO with Bigul.
How do you check the allotment status of Slone Infosystems IPO?
The registrar for Slone Infosystems IPO is Kfin Technologies Limited. To check your allotment status, please click here.
FAQs
- What is the Slone Infosystems IPO?
Slone Infosystems IPO is a fixed price issue of Rs 11.06 crores. This upcoming IPO is a fresh issue of 14 lakh equity shares. The offer-for-sale component is not available on this issue. The allotment for this new IPO is expected to be finalised on Wednesday, May 8, 2024.
- Who are the lead managers for the Slone Infosystems Limited IPO?
Java Capital Services Private Limited is appointed as the lead manager for the IPO.
- What is the role of Cameo Corporate Services Limited in this IPO?
Kfin Technologies Limited is the registrar for Slone Infosystems Limited, handling the IPO's administrative aspects.
- How can I apply for the Slone Infosystems IPO?
The public subscription of this new IPO will open on May 3, 2024. Click here to initiate the application process.
- How will the net proceeds from the IPO be utilised?
The amount received from this Initial public offer will be used to purchase Laptops, Desktop, SSD, RAM etc. Also funds will be utilised to repay the certain borrowings availed by the company. Other than this, general corporate purposes will also be met.
- How can I check the allotment status of the IPO?
Investors who applied can check the allotment status of the Slone Infosystems Limited IPO by visiting here. For further updates follow Bigul.
- What is the financial performance of Slone Infosystems Limited?
Slone Infosystems posted a revenue of Rs 3,434.86 lakhs and net profit of Rs 284.72 lakhs for the period ended on 31 December 2023. The company’s revenue increased by 15.73% and PAT increased by 94.88% between the FY ending year of March 31, 2023 and 31 March 2022.
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