Slone Infosystems IPO Review

 
Slone Infosystems IPO Review

IPO Open Date: May 3, 2024

IPO Close Date: May 7, 2024

IPO Price: ₹79 per share

Lot Size: 1600 Shares

Listing: May 10, 2024

Slone Infosystems is scheduled to hit the market on May 03, 2024 and close on May 07, 2024. Slone Infosystems plans to raise around ₹11.06 Cr through an IPO with a sale of up to 1,400,000 equity shares of ₹10 each. The Retail offered 50%, Others Shares Offered 50%.

Slone Infosystems Limited, established in December 2022, is an Indian company specializing in providing IT hardware solutions. Primarily focusing on selling and renting a variety of IT equipment like laptops, desktops, servers, and workstations, the company also extends its services to corporate clients by offering IT solution services. These services include managing cloud servers and servicing IT equipment. Slone Infosystems Limited operates across different segments, including the sale of laptops, computers, and computer peripherals, the sale of other IT-related products, IT service solutions, and rental services. Noteworthy is the company's ISO certification for Occupational Health & Safety, Information Security, Environmental Management, and Quality Management Systems.

By April 2024, Slone Infosystems Limited has a team comprising 8 permanent employees and six contractual employees. The company's commitment to quality management and adherence to international standards through its ISO certifications underscores its dedication to delivering reliable IT solutions to its clientele. With a focus on both product sales and service provisions, Slone Infosystems Limited continues to serve the IT hardware market in India with a blend of cutting-edge technology and customer-centric solutions.

Slone Infosystems



Slone Infosystems IPO Details

Slone Infosystems IPO opens on May 03, 2024, and closes on May 07, 2024. The Listing date for Slone Infosystems IPO is on May 10, 2024. The price band for IPO is ₹79 per share and lot size of 1600 Shares.

IPO DateMay 03, 2024 to May 07, 2024
Listing DateMay 10, 2024
Price₹79 per share
Lot Size1600 Shares
Issue Size₹11.06 Cr
Face Value₹10 per share

Slone Infosystems IPO Tentative Timetable

Slone Infosystems opening date is May 03, 2024 and close date is May 07, 2024. The IPO allotment date is May 08, 2024. The refund initiation of IPO is on May 09, 2024. The credit of shares in demat account is on May 09, 2024. The listing date is on May 10, 2024.

EventDate
IPO OpeningMay 03, 2024
IPO ClosingMay 07, 2024
IPO Allotment DateMay 08, 2024
Refund InitiationMay 09, 2024
Shares Credit to DematMay 09, 2024
Lisiting DateMay 10, 2024

Slone Infosystems IPO Lot Size

Lot Size of this IPO is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹126,400).

CategoryLotsSharesAmount
Retail(Minimum)11600₹126,400
Retail(Maximum)11600₹126,400
HNI (Minimum)23200₹252,800

Slone Infosystems IPO Promoter Holding

Pre Issue Share Holding99.43%
Post Issue Share Holding73.01%

Slone Infosystems IPO Review

Slone Infosystems Limited, a leading Indian IT hardware solutions provider, is set to launch its Initial Public Offering (IPO) with a significant pre-issue shareholding of 99.43%, which will reduce to 73.01% post-issue. The company, incorporated in December 2022, has shown remarkable growth in revenue and profit after tax, with revenue increasing by 15.73% and PAT soaring by 94.88% between March 2023 and March 2022. With a diverse range of offerings including the sale and rental of IT equipment, as well as IT service solutions, Slone Infosystems has positioned itself as a key player in the IT industry.

The financial performance of Slone Infosystems Limited has been impressive, with key indicators such as Return on Equity (ROE) at 74%, Return on Capital Employed (ROCE) at 34.44%, Debt/Equity ratio at 0.33, and Return on Net Worth (RoNW) at 23.98%. These metrics reflect the company's strong financial health and stability. The IPO proceeds are earmarked for capital expenditure on essential IT equipment, repayment of borrowings, and general corporate purposes, indicating a strategic allocation of funds to drive future growth and expansion.

Investors looking to capitalize on the booming IT sector in India may find Slone Infosystems Limited IPO a compelling opportunity. With its ISO certifications and a track record of consistent growth, the company presents a promising investment proposition. The peer comparison highlights Slone Infosystems' competitive edge in the market. Overall, the IPO objectives align with the company's vision for sustained growth and innovation in the IT hardware solutions domain, making it a noteworthy prospect for investors seeking exposure to this dynamic sector. Investing in Slone Infosystems Limited IPO offers not just a chance to be part of a thriving IT enterprise but also to support a company that is at the forefront of providing cutting-edge IT solutions in India. With a solid financial foundation, a clear roadmap for utilization of funds, and a history of robust performance, Slone Infosystems Limited emerges as a strong contender in the IPO market. Keep an eye on this IPO as it unveils opportunities for investors to be part of India's evolving IT landscape.

Slone Infosystems IPO Subscription Status (Bidding Details)

Table not found

Slone Infosystems IPO Broker Recommendations

  • Capital Market: To be updated soon
  • Anand Rathi: To be updated soon
  • SMC Global: To be updated soon
  • Arihant Capital: To be updated soon

Slone Infosystems IPO FAQs

What is Slone Infosystems IPO?

Slone Infosystems is issuing 1,400,000 equity shares with a face value of ₹10 each, totaling up to ₹11.06 Cr. The shares are being offered at a price of ₹79 each, with a minimum order quantity of 1600 shares.

Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Slone Infosystems IPO will open?

Slone Infosystems will open on May 03, 2024 for QIB, NII, and Retail Investors.

When Slone Infosystems IPO will end?

Slone Infosystems will end on May 07, 2024.

What is Slone Infosystems IPO Size?

Slone Infosystems IPO size is 11.06 Cr.

What is Slone Infosystems IPO Price Band?

Slone Infosystems price band is ₹79 per share.

What is the Slone Infosystems IPO Allotment Date?

Slone Infosystems allotment date is May 08, 2024.

What is the Slone Infosystems IPO Listing Date?

Slone Infosystems listing date is May 10, 2024. The IPO is to be listed on BSE and NSE.

How to Slone Infosystems IPO through Zerodha?

To apply for the IPO “Slone Infosystems” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Slone Infosystems IPO through Upstox?

To apply for the IPO “Slone Infosystems” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Slone Infosystems IPO Allotment Status?

For Slone Infosystems IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.

What is Slone Infosystems IPO GMP?

You can check out here: Slone Infosystems IPO GMP

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About Ishika Agarwal

Ishika Agarwal is a seasoned financial writer with a strong background in the stock market and investment sector. Ishika has a passion for analyzing and interpreting complex financial data to provide valuable insights to her readers.

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