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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 ₹79.00 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). The minimum lot size investment for 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 Date | May 3, 2024 to May 7, 2024 |
| Listing Date | May 10, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹79 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 14,00,000 shares (aggregating up to ₹11.06 Cr) |
| Reserved for Market Maker | 70,400 shares Aftertrade Broking Pvt.Ltd. (aggregating up to ₹0.5562 Cr) |
| Net Offered to Public | 13,29,600 shares (aggregating up to ₹10.50 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 38,69,013 shares |
| Share Holding Post Issue | 52,69,013 shares |
Slone Infosystems IPO offers total 14,00,000 shares. Out of which 6,64,000 (47.43%) allocated to NII, 6,65,600 (47.54%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 70,400 (5.03%) |
| NII (HNI) Shares Offered | 6,64,000 (47.43%) |
| Retail Shares Offered | 6,65,600 (47.54%) |
| Total Shares Offered | 14,00,000 (100.00%) |
Slone Infosystems IPO opens on May 3, 2024, and closes on May 7, 2024.
| IPO Open Date | Fri, May 3, 2024 |
| IPO Close Date | Tue, May 7, 2024 |
| Tentative Allotment | Wed, May 8, 2024 |
| Initiation of Refunds | Thu, May 9, 2024 |
| Credit of Shares to Demat | Thu, May 9, 2024 |
| Tentative Listing Date | Fri, May 10, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, May 7, 2024 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
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 |
| Total Income | 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 | ||||
The market capitalization of Slone Infosystems IPO is ₹41.63 Cr.
KPI as of Sun, Dec 31, 2023.
| KPI | Values |
|---|---|
| ROE | 74% |
| ROCE | 34.44% |
| Debt/Equity | 0.33 |
| RoNW | 23.98% |
| Price to Book Value | 2.57 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 1.93 | 7.20 |
| P/E (x) | 40.94 | 10.96 |
The objects of the present issue of Equity Shares are:
[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. Read detail review...
| Listing Date | May 10, 2024 |
| BSE Script Code | |
| NSE Symbol | SLONE |
| ISIN | INE0SMA01017 |
| Final Issue Price | ₹79 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹79.00 |
| Open | ₹118.50 |
| Low | ₹112.60 |
| High | ₹119.45 |
| Last Trade | ₹112.60 |
Slone Infosystems Ltd.
Office 203, 2nd Floor, Mohini Heights CHS LTD,
5th Road Khar West Behind Rajasthan Hotel
Khar Delivery
Mumbai, Maharashtra, 400052
Phone: 9820324640
Email: cs@sloneinfosystems.com
Website: http://www.sloneinfosystems.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: sil.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Slone Infosystems IPO is a SME IPO of 14,00,000 equity shares of the face value of ₹10 aggregating up to ₹11.06 Crores. The issue is priced at ₹79 per share. The minimum order quantity is 1600.
The IPO opens on May 3, 2024, and closes on 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 May 3, 2024 and closes on 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 Thursday, May 9, 2024. Check the Slone Infosystems IPO allotment status.
The Slone Infosystems IPO listing date is on Friday, May 10, 2024.
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