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 IPO – Details
| IPO Opening Date | 03 May 2024 |
| IPO Closing Date | 07 May 2024 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | 14,00,000 Shares Worth ₹11.06 Crore Fresh Issue: 14,00,000 Shares Worth ₹11.06 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹79 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Kfin Technologies Limited |
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Slone Infosystems IPO – Date Schedule
| IPO Open Date | 03 May 2024 |
| IPO Close Date | 07 May 2024 |
| Basis of Allotment | 08 May 2024 |
| Initiation of Refund | 09 May 2024 |
| Credit of Shares to Demat Account | 09 May 2024 |
| IPO Listing Date | 10 May 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 07, 2024 |
Slone Infosystems IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1600 | ₹1,26,400 |
| Retail (Maximum) | 1 | 1600 | ₹1,26,400 |
| HNI (Minimum) | 2 | 3200 | ₹2,52,800 |
Competitive Strengths
- Experienced Promoters and Management Team.
- Wide range of Products.
- Long-standing relationship with clients and suppliers.
- Quality standards.
- Legacy Business Process & Management.
- Strong and experienced R&D team.
Company Promoters
- Mr. Rajesh Srichand Khanna
- Mrs. Manisha Rajesh Khanna
- Mr. Mohit Rajesh Khanna
Object Of The Issue
- Capital Expenditure towards purchase of Laptops, Desktops, SSD and RAM.
- Repayment/prepayment of certain borrowings availed by the Company; and
- General Corporate Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 11.57 | 11.22 | 0.27 | 7.26 |
| 31 March 2022 | 26.59 | 26.09 | 0.38 | 9.21 |
| 31 March 2023 | 30.77 | 29.91 | 0.74 | 6.81 |
| 31 December 2023 | 34.34 | 30.49 | 2.84 | 6.42 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 74% |
| ROCE | 34.44% |
| Debt/Equity | 0.33 |
| RoNW | 23.98% |
| Pre IPO | Post IPO | |
| EPS (Rs) | 13.58 | – |
| P/E (x) | 5.82 | – |
Slone Infosystems IPO Promoter Holding
| Pre Issue Share Holding | 99.43% |
| Post Issue Share Holding | 73.01% |
Slone Infosystems IPO Prospectus
- Slone Infosystems IPO DRHP
- Slone Infosystems IPO RHP
Company 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 Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: sil.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
Slone Infosystems IPO Lead Manager(s)
| 1. Jawa Capital Services Private Limited |
Slone Infosystems IPO FAQs
| What is Slone Infosystems IPO? Slone Infosystems IPO is a SME IPO. The issue is priced at ₹79 per equity share. The IPO is to be listed on NSE SME. |
| When Slone Infosystems IPO will open? The IPO is to open on 03 May 2024 for Retails – 50% and Others – 50% Investors. |
| How to Slone Infosystems IPO? You can apply for Slone Infosystems IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Slone Infosystems IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Slone Infosystems”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Slone Infosystems IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Slone Infosystems”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Slone Infosystems IPO Size? Slone Infosystems IPO size is ₹11.06 crores. |
| What is Slone Infosystems IPO Price Band? Slone Infosystems IPO Price Band is ₹79. |
| What is Slone Infosystems IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,26,400 amount while the maximum bid is 1600 shares with ₹1,26,400. |
| What is the Slone Infosystems IPO Allotment Date? Slone Infosystems IPO allotment date is 08 May 2024. |
| What is the Slone Infosystems IPO Listing Date? Slone Infosystems IPO listing date is 10 May 2024. The IPO is to list on NSE SME. |
