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30 April 2024

Slone Infosystems Limited IPO

Slone has been a premier destination for IT hardware solutions since 1999. They take pride in offering a curated selection of top-tier brands and products that reflect our commitment to quality and innovation. Their dedication to staying ahead of the technology curve ensures that you have access to the latest and most reliable IT hardware. 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 price is ₹79 per share.

The minimum lot size for an application is 1600 Shares. 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 Share Broking.

Slone Infosystems Limited IPO Details

Detail	Description
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 Share Broking

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 Timeline (Tentative Schedule)

Detail	Description
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

Slone Infosystems IPO Reservation

Investor Category	Shares Offered
Retail Shares Offered	50% of the Net issue
Other Shares Offered	50% of the Net issue

Slone Infosystems IPO Promoter Holding

Share Holding Pre Issue	99.43%
Share Holding Post Issue	73.01%

Company & Financials

They company was 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. It provides custom made solutions to clients for their IT requirements. SIL procures IT equipment for clients based on the requirement of the client and then either sell or rent the IT equipment to clients based on their requirement. The company provides flexibility and advantage to acquire the requisite equipment that clients need to maximize their productivity without compromising their IT budget. In addition, the company also sells the used IT equipment to clients as per their requirements.

Slone Infosystems Limited Financial Information

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

Key Performance Indicator

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

Objectives of Slone Infosystems IPO

The objects of the present issue of Equity Shares are as follows:

1. Capital Expenditure towards purchase of Laptops, Desktops, SSD and RAM.
2. Repayment/prepayment of certain borrowings availed by the Company.
3. General Corporate Purpose

Slone Infosystems IPO Review

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, these 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 it is aggressively priced. Small equity base post-IPO indicates a longer gestation period. Well-informed investors may park moderate funds for the medium to long term rewards.

FAQs for Slone Infosystems IPO

What is Slone Infosystems IPO?

Slone Infosystems IPO is an NSE SME IPO. They are going to raise ₹11.06 Crores via IPO. The issue is priced at ₹79 per equity share. The IPO is to be listed on NSE.
What Is The Allotment Date Of Slone Infosystems Limited?

The allotment date of the Slone Infosystems Limited IPO is May 8, 2024.
What Is The Price Band Of The Slone Infosystems IPO?

The price band of the issue is INR 79 per share.
What Is The Size Of The Slone Infosystems IPO?

The offer size of Slone Infosystems Limited is INR 11.06 crores, consisting of a fresh issue of 14,00,000 lakh shares. The company seeks funds to invest in technology, repay loans, and cover general corporate expenses.
What Is The Listing Date Of The Slone Infosystems IPO?

The listing date of Slone Infosystems IPO is May 10, 2024.
What is Slone Infosystems IPO Investors Portion?

The investors’ portion for QIB is [.]%, NII is 50%, and Retail is 50%.