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Slone Infosystems Limited IPO : Important Information

Slone Infosystems Limited IPO is set to launch on 3 May, 2024. The company initiated its business operations in the year 2022. It is involved in the business of providing IT Hardware Solutions. The company rents and sells various equipment like desktops, laptops, workstations and servers. It also deals with providing IT solutions to various corporate clients. The business of the company is divided into 4 parts. Sale of other IT related products, Sale of laptop, computer peripherals and computer, rental services and IT services solutions. It has an employee base of 8 people.

Slone Infosystems Limited IPO DETAILS

Slone Infosystems Limited IPO is set to launch on 3 May, 2024. The subscription timeline extends till 7 May, 2024. The size for the IPO is 11.06 Crore Rs. Shares issued through fresh issue mode are worth Rs 11.06 Crore. No shares are issued through offer for sale mode. The lot size is 1600 shares and the price is 79 Rs per share. The company is going to get listed on NSE SME. The face value per share is Rs.10 and this is a Fixed Price Issue. The registrar for the company is KFin Technologies Limited.

Tabular Description of Slone Infosystems Limited IPO

IPO OPENING DATE 3 May, 2024
CLOSING DATE FOR IPO 7 May, 2024
ISSUE TYPE Fixed Price Issue
Face Value per share 10 Rs. per share
IPO price band 79 Rs per share
LOT SIZE 1600 shares
MINIMUM ORDER QUANTITY 1600 shares
ISSUE SIZE 11.06 Crore Rs.
OFFER FOR SALE No shares are issued through offer for sale mode
FRESH ISSUE 11.06 Crore Rs.
LISTING AT NSE SME
LISTING DATE 10 May, 2024

Slone Infosystems Limited IPO : IMPORTANT DATES

IPO OPENING DATE 3 May, 2024
CLOSING DATE FOR IPO 7 May, 2024
IPO ALLOTMENT DATE 8 May, 2024
REFUNDS 9 May, 2024
DEMAT A/C CREDITED ON 9 May, 2024
IPO LISTING DATE 10 May, 2024

Slone Infosystems Limited IPO begins for subscription from 3 May, 2024. The IPO subscription would continue till 7 May, 2024. The allotment status for the shareholders who applied would come on 8 May, 2024. The refunds for the ones who did not get allotment would be initiated on 9 May, 2024. The DEMAT accounts of shareholders would be credited on 9 May, 2024. The listing of the company would be completed on 10 May, 2024.

Slone Infosystems Limited IPO : Lead Managers

The lead managers are :

  • Jawa Capital Services Private Limited

The minimum lot size for the company is decided at 1600 shares. This holding accounts to 126400 Rs.. The maximum lot size is decided at 3200 shares (HNI). This amounts to 252800 Rs.. Hence the company’s final holdings would be set as :

Shares Amount
Minimum 1600 shares 126400 Rs.
Maximum 3200 shares 252800 Rs.

OBJECTIVES FOR THE IPO

  • IPO proceeds would be used for general corporate purposes.
  • The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.) 2020-21 2021-22 2022-23
Asset 929 1167 1190
Revenue 1157 2659 3077
PAT 27 38 74

Slone Infosystems Limited had an asset base of 929 Lakh Rs in 2021 which increased to 1167 Lakh Rs in 2022. The asset base of the company increased to 1190 Lakh Rs in the year 2023. The revenue of the company was 1157 Lakh Rs in 2021 which increased to 2659 Lakh Rs in 2022. This boosted to 3077 Lakh Rs in 2023. The profit of the firm was 27 Lakh Rs in 2021 which increased to 38 Lakh Rs in 2022 and 74 Lakh Rs in 2023.

PROS

  • The company rents and sells various equipment like desktops, laptops, workstations and servers.
  • It also deals with providing IT solutions to various corporate clients.
  • The business of the company is divided into 4 parts. Sale of other IT related products, Sale of laptop, computer peripherals and computer, rental services and IT services solutions.
  • It has an employee base of 8 people.

Slone Infosystems Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

  1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
  2. Click the Ramdeobaba Solvent Limited IPO button and press the BID button.
  3. Entering the details asked for like UPI ID, Quantity and price.
  4. Submit the application form for the IPO.
  5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.

 

dhairya@socialcoffee.in

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