IPO

Slone Infosystems Limited IPO

NSE SME

Listed On: May 10, 2024 at ₹ 118.5

₹ 252800 /3200 Shares
*Min Investment

Check Allotment

03 May, 2024

Open Date

07 May, 2024

Close Date

08 May, 2024

Allotment Date

10 May, 2024

Listing Date
Slone Infosystems Limited IPO Issue Details
  • Issue Price ₹79 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 14,00,000 shares(aggregating up to ₹11.06 crore)
  • Fresh Share 14,00,000 shares(aggregating up to ₹11.06 crore)
  • Listing at NSE SME
  • List Price 118.5
  • Listing Date 2024-05-10
  • Lead Manager Jawa Capital Services Private Limited
  • Registrar Kfin Technologies Limited
Market Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)11600₹1,26,400
Retail(max)11600₹1,26,400
NII (min) 23,200₹2,52,800
Slone Infosystems Limited IPO Reservation

Slone Infosystems Limited IPO offers total 1,400,000 shares. Out of which NA (NA%) allocated to QIB, NA (NA%) allocated to NII,665,600 (47.54%) allocated to RII, NA (NA%) allocated to employees and NA (NA%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares OfferedNA (NA%)
Market Maker Shares Offered70,400 (5.03%)
Retail Shares Offered665,600 (47.54%)
Total Shares Offered1,400,000 (100%)
Slone Infosystems Limited IPO Documents
DRHP
RHP
Slone Infosystems Limited IPO Details


Slone Infosystems Limited IPO is an SME IPO, priced at ₹79 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 14,00,000 equity shares, aggregating up to ₹11.06 crores..

The IPO bidding window is open from May 3, 2024 to May 7, 2024. The allotment is expected to be finalized on May 8, 2024, and the tentative listing date is May 10, 2024.

The minimum lot size for Retail investors is 1600 shares, with a minimum investment of ₹1,26,400. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,52,800.

Jawa Capital Services Private Limited is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and Aftertrade Broking Pvt Ltd will act as the market maker for this issue.

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Slone Infosystems Limited IPO Subscription Analysis And Details
Retail
540.80x
Total
648.77x
As onQIB / NIIRetailTotal
Shares Offered / Reserved664,000665,6001,329,600
Day 1 03-05-24 06:00 PM
7.00 x33.13 x20.08 x
Day 2 06-05-24 06:00 PM
27.64 x126.20 x76.98 x
Day 3 07-05-24 06:00 PM
756.99 x540.80 x648.77 x
Total No of Applications
2,24,973
Slone Infosystems Limited Valuations
EPS Pre IPO ₹1.93/-
EPS Post IPO ₹7.20/-
P/E Pre IPO 40.94
P/E Post IPO 10.96
ROE 74%
ROCE 34.44%
Debt/Equity 0.33
RoNW 23.98%
Price to Book Value 2.57
Slone Infosystems Limited Company Financials
In Lakhs
In Lakh
31-Mar-2331-Mar-2231-Mar-21
Assets1,190.711,167.37929.41
Revenue3,077.402,659.141,157.44
Profit After Tax74.6638.3127.54
About Slone Infosystems Limited Company

Incorporated in December 2022, Slone Infosystems Limited is an Indian company providing IT hardware solutions. In the business, it sells and rents various IT equipment, like laptops, desktops, servers, and workstations. Besides, it offers services in IT solution to its corporate clients, including managing cloud servers and IT equipment servicing.

Segments of the Company's Business
Sale of Laptop, Computer & Computer Peripherals
Sale of other IT related products
IT Service solutions; and
Rental Services
The Company is ISO certified in OH&S, Information Security, Environmental Management, and Quality Management Systems.

As of April 2024, the company has 8 employees on payroll and six contractual employees.

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Slone Infosystems Limited - Promoter(s)

Mr. Rajesh Srichand Khanna

Mrs. Manisha Rajesh Khanna

Mr. Mohit Rajesh Khanna

Pre Issue Share Holding : 99.43%

Post Issue Share Holding : 73.01%

Slone Infosystems Limited IPO - Issue Objectives
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 Limited IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Slone Infosystems Limited4.054.05N/A19.5135.47N/AStandalone
Brisk Technovision Ltd9.249.24N/A14.6138.62N/AStandalone
Benchmark Computer Solutions Ltd1959.311959.31N/A0.0315.2N/AStandalone

Notes:

  1. P/E Ratio has been computed based on the closing market price of equity shares on BSE on April 23, 2024, divided by the Basic EPS as at March 31, 2023.
  2. Return on Net Worth (%) = Net profit after tax divided by net worth. Net worth has been computed as the aggregate of share capital and reserves and surplus/Other Equity as on March 31, 2023.
  3. NAV is computed as the closing net worth as on March 31, 2023 divided by the outstanding number of equity shares as on March 31, 2023.
Contact Details

Slone Infosystems Limited

Office 203, 2nd Floor, Mohini Heights CHS LTD, 5th Road Khar West Behind Rajasthan Hotel, Khar Delivery, Mumbai-400052

9820324640

cs@sloneinfosystems.com

http://www.sloneinfosystems.com/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

sil.ipo@kfintech.com

https://kosmic.kfintech.com/ipostatus/