Slone Infosystems IPO is a fixed price issue of Rs 11.06 crores. The issue is entirely a fresh issue of 14 lakh shares.
Slone Infosystems IPO opens for subscription on May 3, 2024 and closes on May 7, 2024. The allotment for the Slone Infosystems IPO is expected to be finalized on Wednesday, May 8, 2024. Slone Infosystems IPO will list on NSE SME with tentative listing date fixed as Friday, May 10, 2024.
Slone Infosystems IPO price is ₹79 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹126,400. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹252,800.
Slone Infosystems IPO Details
| IPO Date | May 3, 2024 to May 7, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹79 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 1,400,000 shares (aggregating up to ₹11.06 Cr) |
| Fresh Issue | 1,400,000 shares (aggregating up to ₹11.06 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,869,013 |
| Share holding post issue | 5,269,013 |
| Market Maker portion | 70,400 shares Aftertrade Share Broking |
Slone Infosystems IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net issue |
| Other Shares Offered | 50% of the Net issue |
Slone Infosystems IPO Timeline (Tentative Schedule)
Slone Infosystems IPO opens on May 3, 2024, and closes on May 7, 2024.
| 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 confirmation | 5 PM on May 7, 2024 |
Slone Infosystems IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹126,400 |
| Retail (Max) | 1 | 1600 | ₹126,400 |
| HNI (Min) | 2 | 3,200 | ₹252,800 |
| Lot Size Calculator | |||
Slone Infosystems IPO Promoter Holding
The promoters of the company are Mr. Rajesh Srichand Khanna, Mrs. Manisha Rajesh Khanna, Mr. Mohit Rajesh Khanna
| Share Holding Pre Issue | 99.43% |
| Share Holding Post Issue | 73.01% |
About Slone Infosystems Limited
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
The Company is ISO certified for OH&S, Information Security, Environmental Management, and Quality Management Systems.
As of April 2024, the company has 8 employees on its payroll and six contractual employees.
Slone Infosystems Limited Financial Information (Restated)
Slone Infosystems Limited’s revenue increased by 15.73% and profit after tax (PAT) rose by 94.88% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| 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 | 228.70 | 189.61 |
| Reserves and Surplus | 800.61 | 25.94 | ||
| Total Borrowing | 642.66 | 681.53 | 921.15 | 726.10 |
| Amount in ₹ Lakhs | ||||
Key Performance Indicator
KPI as of December 31, 2023.
| KPI | Values |
|---|---|
| ROE | 74% |
| ROCE | 34.44% |
| Debt/Equity | 0.33 |
| RoNW | 23.98% |
Check Slone Infosystems IPO Peer Comparison here.
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 13.58 | |
| P/E (x) | 5.82 |
Objects of the Issue (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 (May apply)
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. After average growth with negligible profits for FY21 to FY23, it posted bumper profits with high turnover. The sudden growth in 9M-FY24 is attributed to high margin contracts in installation and rentals and as per management, this trends are expected to continue with more inflow of similar orders that are under pipelines. Based on FY24 annualized earnings, the issue is sully priced but based on FY23 earnings its aggressively priced. Small equity base post-IPO indicates longer gestation period. Well-informed investors may park moderate funds for the medium to long term rewards.
Slone Infosystems Limited Contact Details
Slone Infosystems Limited
Office 203, 2nd Floor, Mohini Heights CHS LTD,
5th Road Khar West Behind Rajasthan Hotel
Khar Delivery, Mumbai-400052
Phone: 9820324640
Email: cs@sloneinfosystems.com
Website: http://www.sloneinfosystems.com/
Slone Infosystems IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: sil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/