Slone Infosystems was incorporated on December 29, 2022. It is an IT hardware solutions company based in India, engaged in the selling and renting of IT equipment, as well as providing IT service solutions. The company deals in laptops, desktops, servers, and workstations, both for sale and rental. Additionally, it offers IT solution services such as managing cloud servers and servicing IT equipment for corporate clients.
| Bidding Dates |
|---|
| 03 May 2024 - 07 May 2024 |
| Subscription |
|---|
| 616.14x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,26,400 | 1 | 1 | 1600 | 1.4 M | ₹79 | 73.01 % | ₹110.6 M | RHP DOC |
Slone Infosystems IPO SUBSCRIPTION STATUS
07 May '24Slone Infosystems IPO overall subscription rate was 616.14 times the total available shares
Slone Infosystems IPO retail subscription rate was 514.23 times in the retail segment
Slone Infosystems IPO non-institutional investor subscription rate was 718.06 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
07 May 2024 (Day 3) | 514.23x | 718.06x | - |
06 May 2024 (Day 2) | 120x | 26.21x | - |
03 May 2024 (Day 1) | 31.5x | 6.64x | - |
Slone Infosystems FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 9MFY24 | 28.5 | 340.7 | -23.8 | -43.7 | 13.9% |
| FY23 | 7.5 | 302.2 | 11.1 | -8.6 | 6.2% |
| FY22 | 3.8 | 257.9 | 6.2 | -2.4 | 5.2% |
| FY21 | 2.8 | 110.0 | -10.4 | -17.1 | 7.0% |
Slone Infosystems IPO SUBSCRIPTION STATUS DETAILS
Slone Infosystems had 1.4 M shares on offer
Slone Infosystems IPO offer price was ₹79
Slone Infosystems IPO minimum Investment was ₹126400
Slone Infosystems IPO issue size was ₹ 110.6 M
Slone Infosystems had a minimum lot size of 1600 Shares per application
Slone Infosystems NUMBER OF SHARES ON OFFER
Slone Infosystems IPO IMPORTANT DATES
| Issue Open Date | 03 May 2024 |
| Issue close Date | 07 May 2024 |
| Allotment Date | 08 May 2024 |
| Refund Date | 09 May 2024 |
| Demat Account Credit Date | 09 May 2024 |
| Listing Date | 10 May 2024 |
| Listing on Exchange(s) | NSE |
| Slone Infosystems Allotment Status | Exchange |
Slone Infosystems IPO subscription opened on 03 May 2024, and closed on 07 May 2024
IPO allotment for Slone Infosystems was finalized on Wednesday, 08 May 2024
IPO listing for Slone Infosystems was on NSE on Friday, 10 May 2024
Slone Infosystems IPO LISTING GAINS
| Issue Price (adjusted) | 79.0 |
| Listing Open Price | 118.5 |
| Listing Close Price | 112.6 |
| Listing Gain% | 50.0% |
| Current Gain% | 83.5% |
Slone Infosystems Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Slone Infosystems Ltd. | 145 | 76.4 | 8.5 | 0.4 | 0.3 | 18.8 | 8.2 | 241 | 14.4 | 9 | 21.6 | 17.1 | 21.6 |
| GNG Electronics Ltd. | 525.6 | 5993 | 42.1 | 0.3 | 3 | 17.4 | 10.5 | 1895.4 | 33.4 | 132 | 91.8 | 12.5 | 160.6 |
| Control Print Ltd. | 579.2 | 926.4 | 23.8 | -0.4 | 1.9 | 9.8 | 7.5 | 484.2 | 12.2 | 43.6 | -56.4 | 24.4 | -59.8 |
| Bharat Global Developers Ltd. | 87.9 | 889.7 | -10336.5 | 102.8 | 34.1 | -0.1 | 0 | 27.2 | -96 | -0.1 | -100.8 | 0 | -100.5 |
| Panache Digilife Ltd. | 458.6 | 734.3 | 45.4 | 0.3 | 3 | 15.3 | 7.1 | 245.4 | 110.1 | 16.2 | 135 | 10.1 | 135 |
| BCC Fuba India Ltd. | 198 | 392.4 | 47.6 | 0.2 | 4.8 | 12.7 | 7 | 72.7 | 53.8 | 5.8 | 55.8 | 4.2 | 262.2 |
Slone Infosystems INFORMATION ON IPO ISSUE
About Slone Infosystems
Slone Infosystems was incorporated on December 29, 2022. It is an IT hardware solutions company based in India, engaged in the selling and renting of IT equipment, as well as providing IT service solutions. The company deals in laptops, desktops, servers, and workstations, both for sale and rental. Additionally, it offers IT solution services such as managing cloud servers and servicing IT equipment for corporate clients.
Object of the Issue
- Capital expenditure towards the purchase of laptops, desktops, SSD and RAM
- Repayment/prepayment of certain borrowings availed by the company
- General corporate purpose
Slone Infosystems - PROMOTERS
| Name |
|---|
| Manisha Rajesh Khanna |
| Mohit Rajesh Khanna |
Slone Infosystems Lead Manager of the Issue
Jawa Capital Services Private Limited
mbd@jawacapital.in
Slone Infosystems Registrar to the issue
Kfin Technologies Private Limited
sil.ipo@kfintech.com
Slone Infosystems Strengths
Wide range of offerings
The company offers its customers a broad range of products on a rental basis, including laptops, desktops, printers, servers, and other peripherals such as CCTV cameras, projectors, and storage devices
Wide presence in domestic Market
The company has served clients across a diverse range of industries and sectors, including logistics solutions, BPO, pharmaceuticals, e-commerce, education, IT, insurance, research, media and entertainment, recruitment, VFX and digital solutions, among others
Strong relationship with customers
The company boasts a history of high client retention and derives a significant proportion of its revenues from repeat business, which is built on the successful execution of prior engagements
Slone Infosystems Risks
Limited operating history
The company has a very limited operating history, which may make it challenging for investors to evaluate its historical performance or future prospects
Competitive markets
The company operates in highly competitive and fragmented markets with low entry barriers. The IT industry is particularly fragmented, facing competition from a variety of organized and unorganized players
Negative cash flows
The company has reported negative cash flows from its operating, investing, and financing activities. Sustained negative cash flows could adversely impact its growth and business operations
IPO FAQs
The promoters of the company are Manisha Rajesh Khanna and Mohit Rajesh Khanna.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 79.0 - 79.0.
The IPO application opens on May 03, 2024 and closes on May 07, 2024.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 126,400.0, the maximum value for this IPO is Rs 126,400.0.
This IPO will be allotted on May 08, 2024.
The refund will be credited to your account on May 09, 2024.
The allotted shares will be credited to your demat on May 09, 2024.
Slone Infosystems Ltd.’s shares listed on the stock exchanges on May 10, 2024.