Slone Infosystems IPO
IPO Listing Details
- Listing Date
10 May 2024
- Listing Price
₹ 118.50
- Listing Change
50.00%
- Last Traded Price
₹ 219.10
IPO Details
- Open Date
03 May 2024
- Close Date
07 May 2024
- IPO Price Range
₹ 79
- IPO Size
₹ 11.06 Cr
- Listing Exchange
NSE SME
- Listing Date
10 May 2024
IPO Timeline
Slone Infosystems IPO Subscription Status
Date | QIB | NII | Retail | TOTAL |
---|---|---|---|---|
03-May-24 | - | 7.15 | 34.09 | 20.68 |
06-May-24 | - | 27.71 | 128.31 | 78.14 |
07-May-24 | - | 756.88 | 540.80 | 667.81 |
Last Updated: 10 May 2024 11:42 AM by 5Paisa
Last Updated: 7th May, 2024 by 5paisa Admin
Slone Infosystems IPO is all set to open from 3rd May to 7th May 2024. The company operates in the IT hardware solutions industry. The IPO includes a fresh issue of 1,400,000 shares worth ₹11.06 cr. The share allotment date is 8th May 2024, and the IPO will be listed on 10th May 2024 on the stock exchanges. The price band is ₹79 and the lot size is 1600 shares.
Jawa Capital Services Private Limited is the book-running lead manager for this IPO, while Kfin Technologies Limited is the registrar.
Objectives of the Slone Infosystems IPO
Slone Infosystems Limited plans to utilize the raised capital from the IPO to:
● To fund the capital expenditure for purchasing Laptops, Desktops, SSDs and RAM.
● To repay or prepay the borrowings obtained by the company.
● General Corporate Purposes.
Established in 2022, Slone Infosystems operates in the IT hardware solutions industry. It sells and rents IT Equipment like e laptops, desktops, servers, work workstations as well as offers IT Service Solutions like managing cloud servers in the country. The company has four business verticals: i) Sale of Laptop, Computer & Computer Peripherals ii) Sale of other IT related products iii) IT Service solutions iv) Rental Services.
It has a presence in Maharashtra, Gujarat, Tamil Nadu, Delhi, Karnataka, and Haryana. The company also has ISO 45001:2018, ISO 27001:2013, ISO 14001:2015, and ISO 9001:2015 certifications for high quality.
Peer Comparison
● Westlife Foodworld Limited
● Sapphire Foods India Limited
● Jubilant Foodworks Limited
For More Information:
Webstory on Slone Infosystems IPO
Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
---|---|---|---|
Revenue from operations | 30.22 | 25.78 | 11.00 |
EBITDA | 1.87 | 1.35 | 0.77 |
PAT | 0.75 | 0.38 | 0.28 |
Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
---|---|---|---|
Total Assets | 11.90 | 11.67 | 9.29 |
Share Capital | 1.84 | 2.28 | 1.89 |
Total Borrowings | 9.80 | 9.38 | 7.39 |
Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
---|---|---|---|
Net cash generated from / (used in) operating activities | 1.10 | 0.62 | -1.03 |
Net cash from / (used in) investing activities | 1.96 | -0.85 | -0.67 |
Net cash flow from / (used in) financing activities | -3.06 | 0.30 | 1.75 |
Net increase (decrease) in cash and cash equivalents | 0.01 | 0.069 | 0.044 |
Strengths
1. The company has a wide range of offerings with the capability to provide customized and integrated IT solutions.
2. It has a good presence in the domestic market with a diverse base of customers.
3. The company has strong customer relationships.
4. Experienced team of Promoters senior management.
Risks
1. It has a limited operating history.
2. It operates in a highly competitive industry.
3. It has reported negative cash flows in the past.
4. High working capital requirements.
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FAQs
Slone Infosystems IPO opens from 3rd May to 7th May 2024.
The size of Slone Infosystems IPO is ₹11.06 cr.
The price band of the Slone Infosystems IPO is fixed at ₹79 per share.
The minimum lot size of Slone Infosystems IPO is 1600 shares and the investment required is ₹1,26,400.
Slone Infosystems IPO allotment date is 8th May 2024.
Slone Infosystems IPO will be listed on 10th May 2024.
Jawa Capital Services Private Limited is the book-running lead manager for this Slone Infosystems IPO.
Slone Infosystems Limited plans to utilize the raised capital from the IPO to:
● To fund the capital expenditure for purchasing Laptops, Desktops, SSDs and RAM.
● To repay or prepay the borrowings obtained by the company.
● General Corporate Purposes.
Contact Information
Slone Infosystems
Slone Infosystems Limited
Office 203, 2nd Floor, Mohini Heights CHS LTD,
5th Road Khar West Behind Rajasthan Hotel
Khar Delivery, Mumbai-400052
Phone: 9820324640
Email: cs@sloneinfosystems.com
Website: http://www.sloneinfosystems.com/
Slone Infosystems IPO Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: sil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
Slone Infosystems IPO Lead Manager
Jawa Capital Services Private Limited
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