Slone Infosystems IPO will open for subscription from 03 May 2024. The company aims for an issue size of ₹11.06 Cr through this IPO.
Company Overview
| Full name | Slone Infosystems Limited |
| Sector | Trading |
| Industry | Trading |
| Company Website | https://sloneinfosystems.com/ |
About Company
Incorporated in 2022, Slone Infosystems is an IT hardware solutions company specializing in selling and renting IT equipment and providing IT service solutions in India. The company sells and rents IT equipment such as laptops, desktops, servers, and workstations. Additionally, it offers IT solution services such as managing cloud servers and servicing IT equipment for corporate clients.
In addition, the company also sells used IT equipment to clients based on their specific needs. As of 23 February 2024, Slone Infosystems has 8 employees on its payroll and employs 6 contract workers. Slone Infosystems operates in the following segments:
- Sale of laptops, computers, and computer peripherals
- Sale of other IT-related products
- IT service solutions
- Rental services
Slone Infosystems has catered to clients across various industries and sectors, including logistics solutions, BPO, pharmaceuticals, e-commerce, education, IT, insurance, research, media and entertainment, recruitment, VFX and digital solutions, and many others. For fiscal year 2021-22, some of its esteemed customers include Silicon Rental Solutions Limited, Mangal Compusolution Limited, Sidewalk Systems, Cemtrex Labs, Expert Infotech Pvt Limited, and Hindustan Computers.
The Objectives of the Issue
- Capital Expenditure towards the purchase of Laptops, Desktops, SSD, and RAM.
- Repayment/prepayment of certain borrowings availed by the Company; and
- General Corporate Purpose
Slone Infosystems IPO Timetable
| IPO Opening date | 03 May 2024 |
| IPO Closing | 07 May 2024 |
| Basis of Allotment | 08 May 2024 |
| Initiation Refund | 09 May 2024 |
| Credit to Demat Account | 09 May 2024 |
| Listing Date | 10 May 2024 |
Slone Infosystems IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹11.06 Cr – 1,400,000 shares |
| Fresh Issue | ₹11.06 Cr – 1,400,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹79 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 70,400 shares |
| Shareholding pre-issue | 3,869,013 |
| Shareholding post-issue | 5,269,013 |
| Listing Exchange | NSE SME |
Slone Infosystems IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹126,400 |
| Retail (Max) | 1 | 1600 | ₹126,400 |
| HNI (Min) | 2 | 3,200 | ₹252,800 |
Slone Infosystems IPO Reservation Details
| 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 Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 9M FY 2024 | |
| Revenue | 11.00 | 25.79 | 30.22 | 34.07 |
| Expenses | 11.22 | 26.10 | 29.91 | 30.49 |
| Net income | 0.28 | 0.38 | 0.75 | 2.85 |
Slone Infosystems IPO Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | NA | NA | 4.05 |
| PE ratio | – | – | 19.51 |
| RONW (%) | 14.52 | 16.75 | 35.47 |
| NAV | NA | NA | 11.41 |
| ROCE (%) | 8.76 | 11.76 | 24.71 |
| EBITDA (%) | 7.02 | 5.24 | 6.21 |
| Debt/Equity | NA | NA | 1.30 |
Company Promoters
- Mr. Rajesh Srichand Khanna
- Mrs. Manisha Rajesh Khanna
- Mr. Mohit Rajesh Khanna
Promoter Holding
| Pre Issue Share Holding | 99.43% |
| Post Issue Share Holding | 73.01% |
Slone Infosystems IPO Lead Manager(s)
JAWA CAPITAL SERVICES PRIVATE LIMITED
Plot No. 93, First Floor, Pocket 2,
Near DAV School, Jasola, New Delhi- 110025
Phone:+91-11-47366600
Email: mbd@jawacapital.in
Website: www.jawacapital.in
Slone Infosystems Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222/18003094001
E-mail: sil.ipo@kfintech.com
Website: www.kfintech.com
Slone Infosystems Contact Details
SLONE INFOSYSTEMS LIMITED
Ground Floor, Mohini Heights CHS LTD,
5th Road Khar West Behind Rajasthan Hotel,
Khar Delivery, Mumbai-400052, Maharashtra
Phone: 9820324640/9892073899
E-mail: cs@sloneinfosystems.com
Website: www.sloneinfosystems.com
Slone Infosystems IPO Allotment Status
Slone Infosystems IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.
Final thoughts
Slone Infosystems IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
