Fixed Price IPO | ₹11 Cr | Listed at NSE SME | Fri, May 3, 2024 - Tue, May 7, 2024
Slone Infosystems IPO is a fixed price issue of ₹11.06 crores. The issue is entirely a fresh issue of 0.14 crore shares of ₹11.06 crore.
Slone Infosystems IPO bidding started from May 3, 2024 and ended on May 7, 2024. The allotment for Slone Infosystems IPO was finalized on May 8, 2024. The shares got listed on NSE SME on May 10, 2024.
Slone Infosystems IPO price is ₹79 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,26,400 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,52,800.
Jawa Capital Services Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Aftertrade Broking Pvt.Ltd..
Refer to Slone Infosystems IPO RHP for detailed Information.
IPO Open
Fri, May 3, 2024
IPO Close
Tue, May 7, 2024
Issue Price
₹79 per share
Market Cap (Pre-IPO)
₹41.63 Cr
| IPO Date | 3 to 7 May, 2024 |
| Listed on | Fri, May 10, 2024 |
| Face Value | ₹10 per share |
| Issue Price | ₹79 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 14,00,000 shares (agg. up to ₹11 Cr) |
| Reserved for Market Maker | 70,400 shares Aftertrade Broking Pvt.Ltd. (agg. up to ₹0.5562 Cr) |
| Fresh Issue (Ex Market Maker) | 13,29,600 shares (agg. up to ₹11 Cr) |
| Net Offered to Public | 13,29,600 shares (agg. up to ₹11 Cr) |
| Share Holding Pre Issue | 38,69,013 shares |
| Share Holding Post Issue | 52,69,013 shares |
| NSE Symbol | SLONE |
| ISIN | INE0SMA01017 |
Slone Infosystems IPO comprises a total issue size of 14,00,000 shares. The net offer to the public is 13,29,600 shares, after excluding 70,400 shares allotted on a firm basis. Of the Net offer 6,64,000 (49.94%) allocated to NII 6,65,600 (50.06%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 6,64,000 | 49.94% | 47.43% |
| Retail Shares Offered | 6,65,600 | 50.06% | 47.54% |
| Firm Reservations | |||
| Market Maker Shares Offered | 70,400 | 5.03% | |
| Total Shares Offered | 14,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,26,400 |
| Retail (Max) | 1 | 1,600 | ₹1,26,400 |
| HNI (Min) | 2 | 3,200 | ₹2,52,800 |
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
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.
| Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 19.79 | 11.91 | 11.67 | 9.29 |
| Total Income | 34.35 | 30.77 | 26.59 | 11.57 |
| Profit After Tax | 2.85 | 0.75 | 0.38 | 0.28 |
| NET Worth | 11.88 | 2.10 | 2.29 | 1.90 |
| Reserves and Surplus | 8.01 | 0.26 | ||
| Total Borrowing | 6.43 | 6.82 | 9.21 | 7.26 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure towards purchase of Laptops, Desktops, SSD and RAM. | 5.01 |
| 2 | Repayment/prepayment of certain borrowings availed by the Company | 3.92 |
| 3 | General Corporate Purpose | 1.29 |
| KPI | Dec 31, 2023 |
|---|---|
| ROE | 74% |
| ROCE | 34.44% |
| Debt/Equity | 0.33 |
| RoNW | 23.98% |
| PAT Margin | 8.36% |
| Price to Book Value | 2.57 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.93 | 7.20 |
| P/E (x) | 40.94 | 10.96 |
| Promoter Holding | 99.43% | 73.01% |
| Market Cap | ₹41.63 Cr. |
The Slone Infosystems IPO is subscribed 667.81 times on May 7, 2024 6:19:55 PM (Day 3). The public issue subscribed 540.8 times in the retail category, [.] times in the QIB category, and 756.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 756.88 | 6,64,000 | 50,25,71,200 |
| Retail | 540.8 | 6,65,600 | 35,99,56,800 |
| Total | 667.81 | 13,29,600 | 88,79,21,600 |
Total Application : 2,24,973
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees excluding underwriting commission | 0.15 |
| 2 | Underwriting Commission/Marketing | 0.55 |
| 3 | Brokerage, selling commission and upload fees | 0.00 |
| 4 | Registrars to the issue | 0.01 |
| 5 | Legal Advisors | 0.02 |
| 6 | Advertising Expenses | 0.01 |
| 7 | Regulators including stock exchanges | 0.05 |
| 8 | Printing and distribution of issue stationary | 0.01 |
| 9 | Restatement of Accounts and Peer Review Auditor | 0.04 |
| 10 | Escrow Banker Fee | 0.01 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹79.00 |
| Open | ₹118.50 |
| Low | ₹112.60 |
| High | ₹119.45 |
| Last Trade | ₹112.60 |
Lead Manager Reports
Slone Infosystems IPO is a SME IPO of 14,00,000 equity shares of the face value of ₹10 aggregating up to ₹11 Crores. The issue is priced at ₹79 per share. The minimum order quantity is 1600.
The IPO opens on Fri, May 3, 2024, and closes on Tue, May 7, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Slone Infosystems IPO using UPI as a payment gateway. Zerodha customers can apply in Slone Infosystems IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Slone Infosystems IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Slone Infosystems IPO opens on Fri, May 3, 2024 and closes on Tue, May 7, 2024.
Slone Infosystems IPO lot size is 1600, and the minimum amount required for application is ₹1,26,400.
You can apply in Slone Infosystems IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Slone Infosystems IPO will be done on Wednesday, May 8, 2024, and the allotted shares will be credited to your demat account by Thu, May 9, 2024. Check the Slone Infosystems IPO allotment status.
The Slone Infosystems IPO listing date is on Fri, May 10, 2024.
