Slone Infosystems Ltd

IT - Hardware

Offer Period :

3rd to 5th May 2024

Established in December 2022, Slone Infosystems Limited, an Indian IT hardware solutions provider, offers sales and rentals of laptops, desktops, servers, and IT services like cloud management. Read more... ISO-certified for OH&S, Information Security, Environmental, and Quality Management, with 8 employees and 6 contractors as of April 2024.Read less

Slone Infosystems Ltd IPO Details

IPO Date 3rd to 5th May 2024 Minimum Investment ₹126400 / 1 Lots
Listing Date 2024-05-10 Maximum Investment ₹126400 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹11.06 Crores
Price ₹79 to ₹79 per share Fresh Issue ₹11.06 Crores
Lot Size 1 Lots (1600 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 3rd to 5th May 2024
Listing Date 2024-05-10
Face Value ₹10 per share
Price ₹79 to ₹79 per share
Lot Size 1 Lots (1600 Shares)
Listing At NSE-SME
Employee Discount ₹0 Crores
Minimum Investment ₹126400 / 1 Lots
Maximum Investment ₹126400 / 1 Lots
Total Issue Size ₹11.06 Crores
Fresh Issue ₹11.06 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

3rd May

IPO Starts

7th May

IPO Ends

8th May

Allotment Date

9th May

Initiation of Refund

9th May

Credit of Shares to Demat Account

10th May

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 99.44 73.01
Public Group 0.56 26.99

Slone Infosystems Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 664000(47.43%)
Retail Shares Offered 665600(47.54%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 1400000
Total Shares With Anchor Investor 1400000

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Slone Infosystems Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 6716 2222/
Email Id sil.ipo@kfintech.com
Our Website www.kfintech.com

Slone Infosystems Ltd IPO Lead Manager

1. Jawa Capital Services Pvt Ltd

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Slone Infosystems Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of Slone Infosystems Ltd

1. Experienced Promoters and Management Team.

2. Wide range of Products.

3. Long standing relationship with clients and suppliers.

4. Quality standards.

5. Legacy Business Process & Management.

6. Strong and experienced R&D team.

Risks Involved

1. 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.

2. 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.

3. 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.

4. The company generates a significant percentage of its revenue from few clients. The loss of any one or more of its major clients would have a material adverse effect on the company business operations and profitability.

5. The Company is dependent on limited number of external suppliers for its product requirements. Any delay or failure on the part of such suppliers to deliver products at acceptable prices, may adversely affect its business, profitability and reputation.

6. The company operates in highly competitive markets, and fragmented market with low entry barrier.

7. The Company has reported certain negative cash flows from its operating activity, investing activity and financing activity, details of which are given below. Sustained negative cash flows could impact its growth and business.

8. If the customers does not procure their requirement of the IT products, or if there is a downward trend in the IT equipment sale business, it could have an adverse effect on its business, results of operations, financial condition and cash flows.

9. Any variation in the utilization of the Net Proceeds would be subject to certain compliance requirements, including prior shareholders' approval.

10. The premises where its Registered Office and the company Corporate Office is located, are not owned by it.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Slone Infosystems Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-05-10 92903 SLONE
INE0SMA01017
₹79 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹79 ₹79
Open ₹0 ₹118.5
Low ₹0 ₹112.6
High ₹0 ₹119.45
Low ₹0 ₹112.6

Frequently Asked Questions

What is Slone Infosystems Ltd IPO?

Answer Field

Slone Infosystems Ltd IPO is a SME IPO of 14,00,000 equity shares of a face value of ₹10 aggregating up to ₹11.06 Crores. The issue is priced at ₹79 to ₹79 per share. The minimum order quantity is 1600 Shares. The IPO opens on May 03, 2024, and closes on May 07, 2024. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Slone Infosystems Ltd IPO will open?

Answer Field

The Slone Infosystems Ltd IPO opens on May 03, 2024 and closes on May 07, 2024.

What is the lot size of Slone Infosystems Ltd?

Answer Field

Slone Infosystems Ltd lot size is 1600 shares, and the minimum amount required is ₹1,26,400.

How to apply for Slone Infosystems Ltd IPO?

Answer Field

You can apply in Slone Infosystems Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Slone Infosystems Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Slone Infosystems Ltd IPO will be done on May 08, 2024, and the allotted shares will be credited to your demat account by May 09, 2024.

When is Slone Infosystems Ltd IPO listing date?

Answer Field

The Slone Infosystems Ltd listing date is May 10, 2024.

Who is the registrar of Slone Infosystems Ltd IPO?

Answer Field

The registrar of Slone Infosystems Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Jawa Capital Services Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Slone Infosystems Ltd IPO?

Answer Field

The fresh issue size is ₹11.06 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Slone Infosystems Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1600 shares and ₹1,26,400 amount.

How can I approve the UPI mandate request for Slone Infosystems Ltd IPO?

Answer Field

To apply for Slone Infosystems Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Slone Infosystems Ltd?

Answer Field

The price of each Slone Infosystems Ltd share will be ranging in between ₹79 to ₹79 per share.

What is the cut-off time for the UPI mandate for Slone Infosystems Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, May 07, 2024.

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