Slone Infosystems Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Slone Infosystems Ltd IPO

Slone Infosystems Limited is an IT hardware solutions Company, engaged in selling and renting of IT Equipment, and in providing IT Service Solutions in India. The Company deals in selling and renting of IT equipment like laptops, desktops, servers, work stations and also provide IT solution services like managing cloud servers, servicing of IT equipment to the corporates.

Slone Infosystems Ltd IPO Details

Total Shares Offered

₹ 14,00,000

Offer to Public

TBA

Retail Max (Shares)

₹ 6,65,600

Pre Issue Promoters Holding

₹ 38,46,813

Exchange

NSE

Issue size

TBA

IPO Open Date

May 3, 2024

Close Date

May 7, 2024

Lot Size

1600

Min Investment

TBA

Issue Type

Fixed Price - SME

Listing Date

May 10, 2024

Slone Infosystems Ltd IPO Dates

May 3, 2024

Opening date

May 7, 2024

Closing date

May 8, 2024

Basis of Allotment

May 9, 2024

Initiation of Refunds

May 9, 2024

Credit of Shares

May 10, 2024

Listing date

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*
QIB	0x	0
NII	0x	664000
Retail	0x	665600
Employee	0x	0
Total	0x	1400000

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

664000

665600

1400000

Slone Infosystems Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	11.96	6.51	1.54
EBITDA	13.40	7.45	2.22
PAT	7.41	4.19	0.75
Total Assets	49.91	18.84	10.92
Share Capital	5.27	3.87	1.85
Total Borrowings	12.93	5.51	9.64
Operating Activities (Net Cash)	8.85	5.13	1.43
Investing Activities (Net Cash)	0.00	0.00	0.00
Financing Activities (Net Cash)	12.93	5.51	9.64
Net Cashflow	4.71	0.05	0.17

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 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.

How To Apply for Slone Infosystems Ltd IPO Online?

Step 1:

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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Slone Infosystems Ltd IPO?

Slone Infosystems Ltd's IPO offers shares for up to 11.06 It begins on May 3, 2024 and ends on May 7, 2024.

What is the price of the Slone Infosystems Ltd IPO?

The price of Slone Infosystems Ltd IPO ranges between NA to NA per share.

What are the open and close dates for the Slone Infosystems Ltd IPO?

The Slone Infosystems Ltd IPO opens on May 3, 2024 and closes on May 7, 2024.

When will the Slone Infosystems Ltd IPO be allotted?

The allotment for the Slone Infosystems Ltd IPO will be finalised on May 8, 2024. The shares will be listed on BSE and NSE on May 10, 2024.

What is the minimum lot size required for Slone Infosystems Ltd IPO?

The minimum lot size for Slone Infosystems Ltd IPO is 1600 shares, priced between NA to NA per share.

What is the GMP of Slone Infosystems Ltd IPO?

The GMP (Grey Market Premium) of Slone Infosystems Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Slone Infosystems Ltd IPO?

To check the allotment status of Slone Infosystems Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Slone Infosystems Ltd IPO getting listed?

The Slone Infosystems Ltd IPO is getting listed on the BSE and NSE. Bidding opens on May 3, 2024, and closes on May 7, 2024. The allotment is finalised on May 8, 2024.

How do you apply for the Slone Infosystems Ltd IPO?

To apply for the Slone Infosystems Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.