IPO Details
Bidding Dates
03 May 24 - 07 May 24
Price Range ₹
79 - 0
Total Equity
₹ 11.06Cr
Lot Size
1600
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
03 May 2024
Offer end
07 May 2024
Allotment
08 May 2024
Refund initiation
09 May 2024
Demat transfer
09 May 2024
Listing
10 May 2024
Offer start
03 May 2024
Offer end
07 May 2024
Allotment
08 May 2024
Refund initiation
09 May 2024
Demat transfer
09 May 2024
Listing
10 May 2024
About Company
Founded in December 2022, Slone Infosystems Limited is an Indian company specializing in IT hardware solutions. It offers a range of IT equipment, including laptops, desktops, servers, and workstations, available for sale and rental. Additionally, the company provides IT solution services to corporate clients, such as managing cloud servers and servicing IT equipment. Slone Infosystems operates across several segments, including the sale of laptops, computers, and computer peripherals, as well as other IT-related products, IT service solutions, and rental services. Notably, the company holds ISO certification for Occupational Health & Safety, Information Security, Environmental Management, and Quality Management Systems. With a team of 8 employees on its payroll and six contractual employees as of April 2024, Slone Infosystems aims to continue its growth trajectory in the IT industry.
Year Founded
29-12-2022
Promotor Details
Rajesh Srichand Khanna
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 99.43 | 73.01 |
| Share Capital | 3846813 | 3846813 |
Offer to Public
14,00,000.00 Cr
Project Details
- General Corporate Purpose - 12.877cr
- Capital Expenditure towards purchase of Laptops, Desktops, SSD and RAM. - 50.076cr
- Repayment/prepayment of certain borrowings availed by our Company - 39.212cr
Objectives
- a. Capital Expenditure towards purchase of Laptops, Desktops, SSD and RAM.b. Repayment/prepayment of certain borrowings availed by our Company
- andc. General Corporate Purpose
Highlights
- Slone Infosystems has served clients across various industries and sectors, indicating a wide market reach and potential for continued growth.
- The company offers custom-made IT solutions tailored to the specific requirements of its clients, enhancing customer satisfaction and loyalty.
- Slone Infosystems deals in selling and renting a wide range of IT equipment and provides various IT solution services, offering a comprehensive suite of offerings to its clients.
- The company provides flexibility to its clients by allowing them to acquire IT equipment through purchase or rental, enabling them to maximize productivity while managing their IT budgets effectively.
- The stated objectives for the IPO proceeds, including capital expenditure and repayment/prepayment of borrowings, reflect strategic financial planning and aim to strengthen the company's financial position.
Challenges
- Slone Infosystems' business heavily relies on the IT industry, making it vulnerable to market fluctuations and changes in technology trends within the sector.
- The IT hardware solutions industry is highly competitive, with numerous players offering similar products and services, posing a challenge to Slone Infosystems' market positioning and profitability.
- The need to allocate IPO proceeds for the repayment/prepayment of borrowings suggests potential financial constraints or debt obligations, which could impact the company's liquidity and financial flexibility.
- Economic uncertainties or downturns could affect corporate spending on IT hardware solutions and services, potentially impacting Slone Infosystems' revenue and profitability.
- Without detailed financial information or prospectus data, investors may face challenges in assessing the company's financial health and growth prospects, potentially affecting investor confidence in the IPO.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2023 | 1,190.12 | 184.55 | 74.66 | 74.66 | 2.5284 |
| 2024 | 2,084.21 | 386.90 | 418.69 | 418.69 | 10.8217 |
