What you must know about Slone Infosystems IPO?
by 5paisa Research Team
29 Apr 2024
Listing Details
- Listing Exchange NSE SME
- Listing Date 10-May-24
- IPO Price Range ₹ 79
- Listing Price ₹ 118.5
- Listing Change 50.0%
- Last Traded Price ₹ 170.7
- Current Change 116.1%
Slone Infosystems IPO Details
- Open Date 03-May-24
- Close Date 07-May-24
- Lot Size 1600
- IPO Size ₹ 11.06 Cr
- IPO Price Range ₹ 79
- Min Investment ₹ 126400
- Listing Exchange NSE SME
- Basis of Allotment 08-May-24
- Refunds 09-May-24
- Credit to Demat Account 09-May-24
- Listing Date 10-May-24
Slone Infosystems IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 03-May-24 | - | 7.15 | 34.09 | 20.68 |
| 06-May-24 | - | 27.71 | 128.31 | 78.14 |
| 07-May-24 | - | 756.88 | 540.80 | 667.81 |
Slone Infosystems IPO Synopsis
Last Updated: 7th May, 2024 by 5paisa Admin
Slone Infosystems IPO is all set to open from 3rd May to 7th May 2024. The company operates in the IT hardware solutions industry. The IPO includes a fresh issue of 1,400,000 shares worth ₹11.06 cr. The share allotment date is 8th May 2024, and the IPO will be listed on 10th May 2024 on the stock exchanges. The price band is ₹79 and the lot size is 1600 shares.
Jawa Capital Services Private Limited is the book-running lead manager for this IPO, while Kfin Technologies Limited is the registrar.
Objectives of the Slone Infosystems IPO
Slone Infosystems Limited plans to utilize the raised capital from the IPO to:
● To fund the capital expenditure for purchasing Laptops, Desktops, SSDs and RAM.
● To repay or prepay the borrowings obtained by the company.
● General Corporate Purposes.
About Slone Infosystems
Established in 2022, Slone Infosystems operates in the IT hardware solutions industry. It sells and rents IT Equipment like e laptops, desktops, servers, work workstations as well as offers IT Service Solutions like managing cloud servers in the country. The company has four business verticals: i) Sale of Laptop, Computer & Computer Peripherals ii) Sale of other IT related products iii) IT Service solutions iv) Rental Services.
It has a presence in Maharashtra, Gujarat, Tamil Nadu, Delhi, Karnataka, and Haryana. The company also has ISO 45001:2018, ISO 27001:2013, ISO 14001:2015, and ISO 9001:2015 certifications for high quality.
Peer Comparison
● Westlife Foodworld Limited
● Sapphire Foods India Limited
● Jubilant Foodworks Limited
For More Information:
Webstory on Slone Infosystems IPO
Slone Infosystems Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 30.22 | 25.78 | 11.00 |
| EBITDA | 1.87 | 1.35 | 0.77 |
| PAT | 0.75 | 0.38 | 0.28 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Total Assets | 11.90 | 11.67 | 9.29 |
| Share Capital | 1.84 | 2.28 | 1.89 |
| Total Borrowings | 9.80 | 9.38 | 7.39 |
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 1.10 | 0.62 | -1.03 |
| Net cash from / (used in) investing activities | 1.96 | -0.85 | -0.67 |
| Net cash flow from / (used in) financing activities | -3.06 | 0.30 | 1.75 |
| Net increase (decrease) in cash and cash equivalents | 0.01 | 0.069 | 0.044 |
Slone Infosystems IPO Key Points
-
Strengths
1. The company has a wide range of offerings with the capability to provide customized and integrated IT solutions.
2. It has a good presence in the domestic market with a diverse base of customers.
3. The company has strong customer relationships.
4. Experienced team of Promoters senior management. -
Risks
1. It has a limited operating history.
2. It operates in a highly competitive industry.
3. It has reported negative cash flows in the past.
4. High working capital requirements.
Slone Infosystems
How to apply for IPO?
-
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current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
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your UPI app -
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Slone Infosystems IPO FAQs
When does the Slone Infosystems IPO opens and closes?
Slone Infosystems IPO opens from 3rd May to 7th May 2024.
What is the size of the Slone Infosystems IPO?
The size of Slone Infosystems IPO is ₹11.06 cr.
What is the price band of the Slone Infosystems IPO?
The price band of the Slone Infosystems IPO is fixed at ₹79 per share.
What is the minimum lot size and investment required for the Slone Infosystems IPO?
The minimum lot size of Slone Infosystems IPO is 1600 shares and the investment required is ₹1,26,400.
What is the allotment date of the Slone Infosystems IPO?
Slone Infosystems IPO allotment date is 8th May 2024.
What is the Slone Infosystems IPO listing date?
Slone Infosystems IPO will be listed on 10th May 2024.
Who are the book runners for the Slone Infosystems IPO?
Jawa Capital Services Private Limited is the book-running lead manager for this Slone Infosystems IPO.
What is the objective of the Slone Infosystems IPO?
Slone Infosystems Limited plans to utilize the raised capital from the IPO to:
● To fund the capital expenditure for purchasing Laptops, Desktops, SSDs and RAM.
● To repay or prepay the borrowings obtained by the company.
● General Corporate Purposes.
Contact Details of Slone Infosystems IPO
Contact Information
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 Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: sil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Slone Infosystems IPO Lead Manager
Jawa Capital Services Private Limited
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