IPO Details
Bidding Dates
02 May '24 - 06 May '24
Minimum Investment
₹1,26,400/ 1 Lot ( 1,600 Shares )
Price Range
₹ 79
Maximum Investment
₹1,26,400/ 1 Lot ( 1,600 Shares )
Retail Discount
Not Applicable
Issue Size
₹11.06 Cr
Investor category and sub category
Retail Individual Investors (RII) | Non-institutional Bidders (NIB) | Qualified Institutional Buyers (QIB) |Slone Infosystems Limited Important Dates
Important dates with respect to IPO allotment and listing
Opening Date
May 2, 2024
Closing Date
May 6, 2024
Basis of Allotment
May 7, 2024
Initiation of Refunds
May 8, 2024
Credit of Shares to Demat
May 8, 2024
Listing Date
May 9, 2024
Cut-off time for UPI mandate confirmation
May 6, 2024
About Slone Infosystems Limited
The establishment of Slone Infosystems Limited dates back to 1999 when Mr. Rajesh Srichand Khanna started providing IT hardware solutions under the M/s SAM Computers brand. In 2022, Mr. Khanna reorganised the firm as Slone Infosystems Private Limited with the goal of growing it. This resulted in the smooth acquisition of M/s SAM Computers' whole operational portfolio.
A major turning point in the company's development came in 2023 when it became a Public Limited Company and changed its name to "Slone Infosystems Limited." This calculated action is in line with the company's objective to grow and achieve new heights in the field of IT solutions.
Slone Infosystems is a versatile client-focused organisation that specialises in selling, renting, and maintaining IT equipment. It provides a range of goods, including servers, laptops, desktops, and full IT service solutions. By emphasising tailored solutions, the business builds lasting relationships and provides value-added services while ensuring customers get the most out of their IT budgets.
Slone Infosystems drives growth and quality in the IT business by operating across four core segments: IT equipment, peripherals, service solutions, and rental services. The company is always innovating and adapting to the ever-changing IT market.
Industry Outlook
- India's electronics hardware market is growing rapidly; by 2026, domestic output is predicted to exceed USD 300 billion. Slone Infosystems, a company in the IT hardware solutions industry, is well-positioned to gain from this growth trajectory by utilising programmes like Made in India and Digital India to improve its product range and market share.
- The government is creating an environment that is favourable to electronics production and innovation through programmes like the India Semiconductor Mission and Production Linked Incentive programmes. By using these activities, Slone Infosystems may expand the range of products it offers, establish international alliances, and solidify its standing as a national leader with ambitions to grow globally.
Slone Infosystems Limited IPO Details
Slone Infosystems Limited IPO Date
Slone Infosystems Limited IPO is open from Friday, May 3, 2024, to Tuesday, May 7, 2024. The IPO will be listed on NSE SME.
Slone Infosystems Limited IPO Price Band
Slone Infosystems Limited is a Fixed Price Issue IPO. The price is set at ₹79 per share.
Slone Infosystems Limited IPO Lot Size
The lot size for Slone Infosystems Limited IPO is 1600 shares with a minimum investment of ₹1,26,400.
Slone Infosystems Limited IPO Objectives
The company plans to allocate the net proceeds from the issue for the following purposes:
- Allocate ₹1,106.00 lakh towards purchasing laptops, desktops, SSD, and RAM, enhancing technological infrastructure.
- Utilise ₹84.35 lakh to repay or prepay specific borrowings, reducing debt obligations and improving financial flexibility.
- Use the remaining ₹1,021.65 lakh in net proceeds for general corporate purposes, including both strategic business growth goals and operational needs.
Peer Details
As per DRHP, the company has 2 listed peers, which are mentioned below:
- Brisk Technovision Limited.
- Benchmark Computer Solutions Limited.
How To Check the Allotment Status of the Slone Infosystems Limited IPO?
A: Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Slone Infosystems Limited IPO
Registered office: Office 203, 2nd Floor, Mohini Heights CHS LTD, 5th RoadKhar West Behind Rajasthan Hotel, Khar Delivery, Mumbai-400052, Maharashtra
Phone: +91-9820324640/9892073899
E-mail: cs@sloneinfosystems.com
Financial Performance
| Particulars | As at December 31, 2023 | Year ending on March 31, 2023 | Year ending on March 31, 2022 | Year ending on March 31, 2021 |
|---|---|---|---|---|
| Revenue(Amount in ₹ lakh) | 3,434.86 | 3,077.40 | 2,659.14 | 1,157.44 |
| Profit After Tax (PAT) (in ₹ lakh) | 284.72 | 74.66 | 38.31 | 27.54 |
| Cash and Cash Equivalents (in ₹ lakh) | 387.11 | 16.59 | 15.46 | 8.54 |
| Return on Net Worth (%) | 23.98% | 35.47% | 16.75% | 14.52% |
| Total Borrowing | 642.66 | 681.53 | 921.15 | 726.10 |
| EBITDA (in ₹ lakh) | 474.66 | 187.60 | 135.21 | 77.27 |
Know before investing
Strengths
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With an extensive portfolio, Slone Infosystems Limited offers specialised IT solutions, including servers, peripherals, printers, laptops, desktops, and printers for rent. This wide variety promotes customer satisfaction and loyalty by enabling customised solutions to match unique client demands.
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The executive team, which is led by Chairman and Managing Director Rajesh Srichand Khanna and Whole Time Director Mohit Rajesh Khanna, has over 28 years of experience in the IT hardware sector. The company's development and successful tactics have been largely attributed to its strategic leadership and entrepreneurial vision.
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The company has built solid and long-lasting connections with its clients as a consequence of its dedication to providing high-quality services at a reasonable price. Slone Infosystems Limited is in a good position to take advantage of chances for company optimisation and increased profitability through greater customer satisfaction and engagement because of its history of strong client retention and repeat business.
Risks
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Since its incorporation in December 2022, Slone Infosystems Limited has had a brief work history, which makes it difficult for investors to assess the company's past performance and potential for the future. The absence of past data might potentially impact investor confidence when evaluating the company's feasibility and growth prospects.
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There have been times when the business has filed regulatory forms inadequately, which might lead to fines and other consequences. Noncompliance with regulatory mandates might have a negative effect on the company's financial standing, operations, and reputation.
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For its product needs, the company relies on a small number of external suppliers. Delays or inability of suppliers to offer goods at competitive prices may harm Slone Infosystems Limited's company, profitability, and reputation. The company's reliance on outside suppliers makes it more susceptible to changes in the pricing and supply chain.
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Slone Infosystems Limited IPO FAQs
Slone Infosystems Limited is a fixed price issue IPO. The IPO is open from Friday, May 3, 2024, to Tuesday, May 7, 2024. The IPO will be listed on NSE SME.
The Basis of Allotment will happen on Wednesday, May 8, 2024.
The IPO subscription window will open on Friday, May 3, 2024.
The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1600 shares.
The listing date for Slone Infosystems Limited is Friday, May 10, 2024.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
