Slone Infosystems Limited IPO Details
| Detail | Description |
|---|---|
| IPO Date | May 3, 2024 to May 7, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price | ₹ 79 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 14,00,000 shares (aggregating up to ₹ 11.06 Cr) |
| Fresh Issue | 14,00,000 shares (aggregating up to ₹ 11.06 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 38,69,013 |
| Share holding post issue | 52,69,013 |
| Market Maker portion | 70,400 shares Aftertrade Share Broking |
About Slone Infosystems Limited IPO
Slone has been a premier destination for IT hardware solutions since 1999. They take pride in offering a curated selection of top-tier brands and products that reflect our commitment to quality and innovation. Their dedication to staying ahead of the technology curve ensures that you have access to the latest and most reliable IT hardware. Slone Infosystems IPO is a fixed price issue of Rs 11.06 crores. The issue is entirely a fresh issue of 14 lakh shares. Slone Infosystems IPO price is ₹79 per share.
The minimum lot size for an application is 1600 Shares. Jawa Capital Services Private Limited is the book running lead manager of the Slone Infosystems IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Slone Infosystems IPO is Aftertrade Share Broking.
Objectives of Slone Infosystems IPO
The objects of the present issue of Equity Shares are as follows:
- 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 IPO Review
The company is operating in a highly competitive and fragmented segment. After average growth with negligible profits for FY21 to FY23, it posted bumper profits with high turnover. The sudden growth in 9M-FY24 is attributed to high margin contracts in installation and rentals and as per management, these trends are expected to continue with more inflow of similar orders that are under pipelines. Based on FY24 annualized earnings, the issue is sully priced but based on FY23 earnings it is aggressively priced. Small equity base post-IPO indicates a longer gestation period. Well-informed investors may park moderate funds for the medium to long term rewards.
Slone Infosystems Limited IPO Financial Information
Latest Revenue
3,434.86
₹ Crore
Profit After Tax
284.72
₹ Crore
Net Worth
1,187.51
₹ Crore
Total Borrowing
642.66
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2023 | 1,978.58 | 3,434.86 | 284.72 | 1,187.51 | 642.66 | ||||
| 31 Mar 2023 | 1,190.71 | 3,077.40 | 74.66 | 210.49 | 681.53 | ||||
| 31 Mar 2022 | 1,167.37 | 2,659.14 | 38.31 | 228.70 | 921.15 | ||||
| 31 Mar 2021 | 929.41 | 1,157.44 | 27.54 | 189.61 | 726.10 | ||||
| Amount in ₹ Crore | |||||||||
Slone Infosystems Limited Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 74% |
| ROCE | 34.44% |
| Debt/Equity | 0.33 |
| RoNW | 23.98% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 13.58 | - |
| P/E (x) | 5.82 | - |
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Competitive Strengths
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Slone Infosystems Limited IPO Timeline
| IPO Open Date | Friday, May 3, 2024 |
| IPO Close Date | Tuesday, May 7, 2024 |
| Basis of Allotment | Wednesday, May 8, 2024 |
| Initiation of Refunds | Thursday, May 9, 2024 |
| Credit of Shares to Demat | Thursday, May 9, 2024 |
| Listing Date | Friday, May 10, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 7, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹126,400 |
| Retail (Max) | 1 | 1600 | ₹126,400 |
| HNI (Min) | 2 | 3,200 | ₹252,800 |