Slone Infosystems Ltd IPO
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Slone Infosystems Ltd IPO Details
Details
Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
---|---|---|---|---|---|
14 L | TBA | 6.66 L | 38.47 L | NSE | TBA |
IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
03 May, 24 | 07 May, 24 | 1600 | TBA | Fixed Price - SME | 10 May, 24 |
Slone Infosystems Ltd IPO Dates
Details
Sector | Type |
---|---|
Sector | Computers - Hardware |
Sub Sector | NA |
Issue Type | Fixed Price - SME |
Subscription Status
*Values are in Lakhs
Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
---|---|---|---|
QIB | 0x | 0 | 25393600 |
NII | 718.75x | 664000 | 477248000 |
Retail | 540.8x | 665600 | 359958400 |
Employee | 0x | 0 | 0 |
Total | 616.14x | 1400000 | 862600000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Slone Infosystems Ltd Financial Status
Income Statement
Balance Sheet
Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
---|---|---|---|
Revenue from operations | 1.54 | TBA | TBA |
EBITDA | 2.22 | TBA | TBA |
PAT | 0.75 | TBA | TBA |
Total Assets | 10.92 | TBA | TBA |
Share Capital | 1.85 | TBA | TBA |
Total Borrowings | 9.64 | TBA | TBA |
Operating Activities (Net Cash) | 1.43 | TBA | TBA |
Investing Activities (Net Cash) | 0.00 | TBA | TBA |
Financing Activities (Net Cash) | 9.64 | TBA | TBA |
Net Cashflow | 0.17 | TBA | TBA |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Slone Infosystems Ltd
Slone Infosystems Limited was originally incorporated on December 29, 2022 as a Private Limited Company as Slone Infosystems Private Limited vide Registration No. 396387 under the provisions of the Companies Act, 2013 with the Registrar of Companies, Mumbai. Subsequently the Company acquired the business of `M/s Sam Computers' a sole proprietorship of one of its Promoters Mr. Rajesh Srichand Khanna, as a going concern, in terms of the Slump Sale Agreement dated March 01, 2023. Thereafter, pursuant to a special resolution passed by the Shareholders at their Extraordinary General Meeting held on November 09, 2023 the Company was converted from a Private Limited Company to Public Limited Company and consequently, the name of the Company was changed to Slone Infosystems Limited and a Fresh Certificate of Incorporation consequent to Conversion was issued on December 12, 2023 by the Registrar of Companies, Central Registration center.
Electronics hardware industry is the world's largest and fastest growing industry and is increasingly applications in all sectors of the economy. The domestic production of electronic items has increased from Rs. 3,17,331 crore (USD 49 billion) in 2016-17 to Rs. 6,40,810 crore (USD 87.1 billion) in 2021-22, growing at a Compound Annual Growth Rate (CAGR) of 15%. India's electronics production is expected to reach USD 300 Billion by 2026. Production Linked Incentive schemes for Phones, IT Hardware and Electronic Components have been successful in attracting global champions while providing a fillip to domestic companies and making them national champion companies with global aspirations. India Semiconductor Mission has been launched to enable India's emergence as a global hub for electronics manufacturing and design.
Peer Comparison:
- Brisk Technovision Ltd
- Benchmark Computer Solutions Ltd
Slone Infosystems Ltd IPO Key Points
Strengths
- Experienced Promoters and Management Team.
- Wide range of Products.
- Long standing relationship with clients and suppliers.
- Quality standards.
- Legacy Business Process & Management.
Risk
- The company has a very limited operating history as a Company, which may make it difficult for investors to evaluate its historical performance or future prospects.
- There have been instances of deficiency in the regulatory filings by the Company. Consequently, its may be subject to regulatory actions and penalties for such delays which may adversely impact its business and financial condition.
- The company has issued Equity Shares during the last year at a price that is below the Issue Price and for consideration other than cash.
Strategy
- Continue to expand its customer base.
- Continue to focus on emerging technologies.
- Optimal Utilization of Resources.
- Experienced Promoters and Management Team.
- Wide range of Products.
- Long standing relationship with clients and suppliers.
- Quality standards.
- Legacy Business Process & Management.
How To Apply for Slone Infosystems Ltd Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.