Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Slone Infosystems IPO is a fixed price issue of Rs 11.06 crores. The issue is entirely a fresh issue of 14 lakh shares.
Slone Infosystems IPO bidding started from May 3, 2024 and ended on May 7, 2024. The allotment for Slone Infosystems IPO was finalized on Wednesday, May 8, 2024. Slone Infosystems IPO will list on NSE SME with tentative listing date fixed as Friday, May 10, 2024.
Slone Infosystems IPO price is ₹79 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹126,400. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹252,800.
Jawa Capital Services Private Limited is the book running lead manager of the Slone Infosystems IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Slone Infosystems IPO is Aftertrade Broking.
Refer to Slone Infosystems IPO RHP for detailed information.
| IPO Date | May 3, 2024 to May 7, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹79 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 1,400,000 shares (aggregating up to ₹11.06 Cr) |
| Fresh Issue | 1,400,000 shares (aggregating up to ₹11.06 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,869,013 |
| Share holding post issue | 5,269,013 |
| Market Maker portion | 70,400 shares Aftertrade Broking |
Slone Infosystems IPO offers 1,400,000 shares. 664,000 (47.43%) to NII, 665,600 (47.54%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 70,400 (5.03%) |
| Other Shares Offered | 664,000 (47.43%) |
| Retail Shares Offered | 665,600 (47.54%) |
| Total Shares Offered | 1,400,000 (100%) |
Slone Infosystems IPO opens on May 3, 2024, and closes on May 7, 2024.
| IPO Open Date | Friday, May 3, 2024 |
| IPO Close Date | Tuesday, May 7, 2024 |
| Basis of Allotment | Wednesday, May 8, 2024 |
| Initiation of Refunds | Thursday, May 9, 2024 |
| Credit of Shares to Demat | Thursday, May 9, 2024 |
| Listing Date | Friday, May 10, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 7, 2024 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹126,400 |
| Retail (Max) | 1 | 1600 | ₹126,400 |
| HNI (Min) | 2 | 3,200 | ₹252,800 |
| Lot Size Calculator | |||
The promoters of the company are Mr. Rajesh Srichand Khanna, Mrs. Manisha Rajesh Khanna, Mr. Mohit Rajesh Khanna
| Share Holding Pre Issue | 99.43% |
| Share Holding Post Issue | 73.01% |
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 |
| Revenue | 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 | ||||
KPI as of December 31, 2023.
| 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 |
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...
The Slone Infosystems IPO is subscribed 667.81 times on May 7, 2024 6:19:55 PM. The public issue subscribed 540.80 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) |
|---|---|
| Other | 756.88 |
| Retail | 540.80 |
| Total | 667.81 |
Total Application : 224,973 (540.80 times)
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: sil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
SME Company Owners
We could help you get listed on the stock market.
Check our SME IPO Guide 
Slone Infosystems IPO is a SME IPO of 1,400,000 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 Shares.
The IPO opens on May 3, 2024, and closes on May 7, 2024.
Kfin Technologies Limited 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 Shares, and the minimum amount required is ₹126,400.
You can apply in Slone Infosystems IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
