Slone Infosystems Limited
Fixed Price Issue IPO · NSE
- Price band
- ₹79 - ₹79
- Lot size
- 1,600 shares
- Issue amount
- ₹11.06 cr
- Total subscription
- 648.3×
- Opens
- 3 May 2024
- Closes
- 7 May 2024
- Allotment
- 8 May 2024
- Listing
- 10 May 2024
Offer at a glance
Issue overview
- Issue size
- 14,00,000 shares
- Face value
- ₹10 Per Equity Share
- Minimum investment
- ₹1,26,400
- Fresh issue
- ₹11.06 cr
- Offer for sale
- ₹0 cr
- Registrar
- Kfin Technologies Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,26,400
- Issue type
- Fixed Price Issue IPO
- Shares before issue
- 38,69,013
- Shares after issue
- 52,69,013
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,600 | ₹1,26,400 |
| HNI | 2 | 3,200 | ₹2,52,800 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| RETAIL | 5.26 | 2,839.37 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 13.58 | 4.05 | 0 |
| ROE | 0 | 0 | 0 |
| ROCE | 34.44 | 36.49 | 29.61 |
| RONW | 23.98 | 35.47 | 16.75 |
| PRE IPO(PE) | 5.82 | 0 | 0 |
| POST IPO(PE) | 0 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Slone Infosystems Limited, founded in December 2022, is a growing name in India's IT sector, offering a wide range of hardware and IT services. The company provides laptops, desktops, servers, and workstations for both sale and rental, catering to corporate clients. It also offers IT solutions like cloud server management and equipment servicing. Committed to quality and security, Slone Infosystems holds ISO certifications in key areas such as safety, information security, environmental management, and quality control. With a team of 8 permanent and 6 contractual employees as of April 2024, the company continues to deliver reliable and innovative IT solutions.
Strengths
- Strong Focus on Quality: Slone Infosystems adheres to strict quality standards to deliver dependable products and services, enhancing customer satisfaction and long-term loyalty.
- Streamlined and Efficient Operations: Well-structured business processes enable smooth operations, optimal resource utilization, and consistent growth and profitability.
- Skilled and Innovative R&D Team: A highly capable research and development team drives innovation, helping the company stay ahead of market trends with advanced, future-ready solutions.
Risk factors
- Limited Operating History: As a relatively new company, Slone Infosystems has a short business track record, making it difficult for investors to evaluate past performance or predict long-term growth, which may create uncertainty about future stability.
- Concerns Over Equity Issuance Practices: Issuing shares below the stipulated price or for non-cash consideration may raise doubts about the company’s financial strength. Such actions can dilute existing share value and make investors more cautious.
- Risks of Operating from Rented Premises: Dependence on leased office spaces exposes the company to rising rents, potential lease non-renewals, and operational disruptions. The absence of owned property may also restrict long-term financial flexibility and stability.
Promoters
Mr. Rajesh Srichand Khanna
Mrs. Manisha Rajesh Khanna
Mr. Mohit Rajesh Khanna
Registrar & documents
Lead manager
Jawa Capital Services Private Limited
Registrar & contacts
Kfin Technologies Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Office 203, 2nd Floor, Mohini Heights CHS LTD, 5th Road Khar West Behind Rajasthan Hotel, Khar Delivery, Mumbai-400052
9820324640
[email protected]Company website ↗Understanding SLONE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.