Slone Infosystems Ltd
Price Range
₹79
Min. Quantity
1,600
Closes on
7 May 2024
Min. investment
₹1,26,400/1,600 Shares
Slone Infosystems Ltd IPO Timeline
Slone Infosystems Limited was originally incorporated on December 29, 2022 as a Private Limited Company as 'Slone Infosystems Private Limited' with the Registrar of Companies, Mumbai. Thereafter, Company was converted from a Private Limited Company to Public Limited Company and the name of the Company was changed to 'Slone Infosystems Limited' and a Fresh Certificate of Incorporation upon the Conversion was issued on December 12, 2023 by the Registrar of Companies, Central Registration Center.
| Event | Date |
|---|---|
| Slone Infosystems Ltd IPO Opening Date | 3 May 2024 |
| Slone Infosystems Ltd IPO Closing Date | 7 May 2024 |
| Basis of Allotment | 8 May 2024 |
| Initiation of Refunds | 9 May 2024 |
| Credit of Shares to Demat | 9 May 2024 |
| Slone Infosystems Ltd IPO Listing Date | 10 May 2024 |
Slone Infosystems Ltd IPO Details
| Slone Infosystems Ltd IPO Date | 3 May 2024 to 7 May 2024 |
| Slone Infosystems Ltd IPO Face Value | ₹10 per share |
| Slone Infosystems Ltd IPO Price | ₹79 to ₹0 per share |
| Slone Infosystems Ltd IPO Lot Size | 1,600 |
| Issue Size | Shares of ₹10 (aggregating up to ₹11.06 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹11.06 Cr) |
| Offer for Sale | - |
| Issue Type | Fixed Price - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Rajesh Srichand Khanna, Manisha Rajesh Khanna, Mohit Rajesh Khanna |
Slone Infosystems Ltd IPO Lot Size
The Slone Infosystems Ltd IPO lot size is 1,600 shares. A retail-individual investor can apply for up to 1 lots (1,600 shares or ₹1,26,400).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 1,600 | ₹1,26,400 |
| Maximum | 1 | 1,600 | ₹1,26,400 |
- Strengths
- Risks
- Opportunities
- Experienced Promoters and Management Team.
- Wide range of Products.
- Long standing relationship with clients and suppliers.
- Quality standards.
- Legacy Business Process & Management.
- Strong and experienced R&D team.
Company Financials
Slone Infosystems Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 20.87 | 61.07 | 4.19 |
| 03-2023 | 11.91 | 30.77 | 0.75 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Capital expenditure towards purchase of Laptops Desktops SSD & RAM
- Repayment/prepayment of certain borrowings availed by the company
- General corporate purposes
Slone Infosystems Ltd IPO Promoter Holding
| Pre Issue Share Holding | 98.18% |
| Post Issue Share Holding | 72.09% |
Slone Infosystems Ltd IPO Subscription Status (Bidding Detail)
The Slone Infosystems Ltd IPO is subscribed 616.1429 times on 7 May 2024 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 616.1429 |
Slone Infosystems Ltd IPO Prospectus
Slone Infosystems Ltd IPO Listing Date
| Listing Date | 10 May 2024 |
| BSE Script | 92903 |
| NSE Symbol | SLONE |
| Listing In | NSE - SME |
| ISIN | INE0SMA01017 |
| IPO Price | ₹79 |
| Face Value | ₹10 |
Company Contact Information
Office # 203 2nd Flr MohiniHeights CHS Ltd 5th Rd K.West,Mumbai-400052
Phone: 98203 24640/98920 73899
Email: cs@sloneinfosystems.com
Website: www.sloneinfosystems.com
Slone Infosystems Ltd IPO Registrar
Slone Infosystems Ltd IPO Lead Manager(s)
- Jawa Capital Services Pvt Ltd
FAQ
What is the issue size of Slone Infosystems Ltd IPO?
I have pre-applied for Slone Infosystems Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.