Slone Infosystems Limited

03 May 2024 - 07 May 2024 Individual Category SME NSE

Min Investment

₹252800

Price Band

₹79

Issue Size

14 lakhs
Equity Shares

Lot Size

1600 (per lot)

IPO Dates
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03 May 2024

Open Date

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07 May 2024

Close Date

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08 May 2024

Allotment Date

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10 May 2024

Listing Date

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.

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About Slone Infosystems Limited

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.

Founded

2022

Managing Director

Rajesh Srichand Khanna

Parent Organization

IPO Objectives

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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How to Apply for IPO

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IPO Allotment

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