May 10, 2024
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Slone Infosystems IPO GMP Guidance & Subscription Status at Chanakyanipothi.com,
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Table of Contents
Slone Infosystems IPO Post Listing Review:
Listed at Rs. 118.50, premium of 50% over the issue price of Rs. 98. The listing has been in line with the expectations of the grey market players.
What is the last GMP of Slone Infosystems IPO?*
Premium: Rs.55
Subject to Rs 66900
Check Subscription status of Slone Infosystems IPO
On 7 May 2024 @ 5.00 (Day 3) (Closed)
Review: All around Strong response on Day 3
NII: 664800 Shares 756.88 T
RII: 664800 Shares 540.80 T
Total: 1329600 Shares 667.81 T
Applications: 224973
What is the business of Slone Infosystems?
Slone Infosystems is an IT hardware solutions Company, engaged in selling and renting of IT Equipment, and in providing IT Service Solutions in India. It deals in selling and renting of IT equipment like laptops, desktops, servers, work stations and also provide IT solution services like managing cloud servers, servicing of IT equipment to the corporates.
It provides custom made solutions to our clients for their IT requirements. It procures IT equipment
for its clients based on the requirement of the client and then either sell or rent the IT equipment to
its clients based on their requirement. It provides flexibility and advantage to acquire the requisite
equipment that its client needs to maximize their productivity without compromising their IT budget.
In addition, it also sells the used IT equipments to clients as per their requirements.
Our Business operates in segments, viz.:
1. Sale of Laptop, Computer & Computer Peripherals
2. Sale of other IT related products
3. IT Service solutions; and
4. Rental Services
Get more information about the company @ www.sloneinfosystems.com
| Slone Infosystems IPO Details | |
| IPO opens on | 3 May 2024 |
| IPO closes on | 7 May 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1400000 Sh /Rs 11.06 Cr |
| * Fresh Issue | 1400000 Sh /Rs 11.06 Cr |
| * Offer for Sale | – Sh /Rs – Cr |
| Market Maker Portion | 70400 Sh. |
| Net offer to Public | 1329600 Sh./Rs.10.50 Cr |
| Face Value per share | Rs. 10 |
| Price Band | Rs.79 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE SME |
| Shares offered in Slone Infosystems IPO | ||
| Shares | Rs. (Cr) | |
| QIB (50%) | – | |
| NII (15%) | 664800 | 5.25 |
| RII (35%) | 664800 | 5.25 |
| Total Shares | 1329600 | 10.50 |
| Retail portion will be oversubscribed by | 416 | |
| Forms | ||
| How much Shares to Apply in Slone Infosystems IPO? | ||
| Min Retail Application | 1600 Sh | Rs. 126400 |
| Min HNI Application | 3200 Sh | Rs.252800 |
Who are the Promoters of Slone Infosystems IPO?
The promoters of the company are Mr. Rajesh Srichand Khanna, Mrs. Manisha Rajesh Khanna, Mr. Mohit Rajesh Khanna
What are the Objects of Slone Infosystems IPO?
The Offer comprises only of a Fresh Issue of Equity shares.
The objects of the present issue of Equity Shares are:
Capital Expenditure towards purchase of Laptops, Desktops, SSD and RAM.
Repayment/prepayment of certain borrowings availed by the Company; and
General Corporate Purpose
| Slone Infosystems IPO Tentative timetable | |
| IPO opens on | 3 May 2024 |
| IPO Closes on | 7 May 2024 |
| IPO Allotment on | 8 May 2024 |
| Refund Initiation | 9 May 2024 |
| Credit of Shares | 9 May 2024 |
| Listing on | 10 May 2024 |
| Registered Office of the Company Slone Infosystems Limited Office 203, 2nd Floor, Mohini Heights CHS LTD, 5th Road Khar West Behind Rajasthan Hotel Khar Delivery, Mumbai-400052 |
| Who is the Lead Manager of Slone Infosystems IPO? Jawa Capital Services Private Limited |
| Who is the Registrar to IPO? Kfin Technologies Limited |
| Slone Infosystems IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 11.57 | 0.28 | 14.52 | |
| 2021-22 | 26.59 | 0.38 | 16.75 | |
| 2022-23 | 30.70 | 0.75 | 4.05 | 35.47 |
| Book Value of the Share on | 31.08.2023 | Rs 30.89 | ||
| BV of the Share at cap price | after the IPO | Rs. 65.60 | ||
| Offer Price/upper band | Rs. 79 | |||
| Slone Infosystems IPO Key Performance indicators |
|
| Price/last EPS of 22-23 | 19.51 |
| Price/BV Ratio | 2.55 |
| Upper price/BV after IPO | 1.20 |
How Slone Infosystems IPO compares with the Peers?
How PE ratio of the company is arrived at is explained in our guidance given below:
| As per DRHP | FV | Total Income | PE Ratio |
| Rs. | In Cr. | @ | |
| Slone Infosystems | 10 | – 19.51 | |
| Brisk Technologies | 10 | – | 14.61 |
| Benchmark Computers | 10 | 0.03 | |
# This is only coverage of News related to Grey Market Premium & subject to rates. We do not deal in grey market premium. We do not recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
Slone Infosystems IPO To the point Guidance
As per the Slump Sale Agreement dated March 1, 2023, was executed by and between Mr. Rajesh Srichand Khanna, Proprietor of M/s SAM Computers and this Company, the company acquired the
entire business of M/s SAM Computers on a going concern basis. Slone Infosystems is an IT hardware solutions Company, engaged in selling and renting of IT Equipment, and in providing IT Service Solutions in India. It deals in selling and renting of IT equipment like laptops, desktops, servers, workstations and also provide IT solution services like managing cloud servers, servicing of IT equipment to the corporates.
Size: The net offer is of Rs. 10.50 Crore/1329600 shares. Retail portion is Rs. 5.25 crore and it can get one time subscribed with 416 applications. The size of the IPO is very small and hence, over subscription may not be difficult.
Financial Snapshot: The business of the company has nothing new and there is tough competition in this line of the business. The topline and bottom line of 2022-23, a year prior to the IPO, show sharp rise which raises eyebrows. Not attractive. May avoid.
Quicklinks
Slone Infosystems IPO GMP today details?
Slone Infosystems IPO
Slone Infosystems IPO FAQs
What is Slone Infosystems IPO?
Slone Infosystems is a SME IPO of 1400000 equity shares of the face value of Rs. 10 aggregating up to Rs.11.06 Crores. The issue is priced at Rs.79 per share. The minimum order quantity is 1600 Shares.
When will Slone Infosystems IPO open?
Slone Infosystems IPO opens on May 3, 2024, and closes on May 7, 2024.
What is the lot size of Slone Infosystems IPO?
Slone Infosystems IPO lot size is 1600 Shares, and the minimum amount required is Rs.126400.
How to apply for Slone Infosystems IPO?
You can apply in Slone Infosystems IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
When is Slone Infosystems IPO allotment?
The finalization of Basis of Allotment for Slone Infosystems IPO will be done on May 8, 2024, and the allotted shares will be credited to your demat account by May 9, 2024.
When is Slone Infosystems IPO listing date?
Slone Infosystems IPO listing date is May 10, 2024.
