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slone infosystems ipo

Slone Infosystems IPO

  • Status: Closed
  • RHP:
  • ₹ 126,400 / 1600 shares

    Minimum Investment

IPO Listing Details

  • Listing Date

    10 May 2024

  • Listing Price

    ₹ 118.50

  • Listing Change

    50.00%

  • Last Traded Price

    ₹ 313.00

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

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IPO Timeline

Slone Infosystems IPO Subscription Status

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

Profit and Loss

Balance Sheet

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.