Slone Infosystems Limited (NSE SME)
May 3, 2024 - May 7, 2024
| Price | ₹79 - ₹79 |
| Premium | ₹45 |
|---|---|
| Lot size | 1600 |
| Allotment | May 8, 2024 |
| Listing | May 10, 2024 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1600 | 126400 | 416 |
| HNI | 2 | 3200 | 252800 | 415 |
Last updated on 07-May-2024 17:04:02
| Category | Offered | Applied | Times |
|---|---|---|---|
| NIB | 664000 | 502571200 | 756.88 |
| RETAIL | 665600 | 359414400 | 539.99 |
| Total | 1329600 | 861985600 | 648.3 |
| Retail Apps | 224634 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹80.27 | @8% ₹91.74 | @9% ₹103.21 | @10% ₹114.67 | @11% ₹126.14 | @12% ₹137.61 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 47.5% | 665600 |
| Other | 47.4% | 664000 |
| Market Maker | 5.0% | 70400 |
| Total No. of Shares | 100.0% | 1400000 |
Slone Infosystems Limited, established in December 2022, stands as a prominent player in the Indian IT sector, specializing in providing comprehensive hardware solutions and IT services. With a diverse portfolio spanning the sale and rental of various IT equipment, including laptops, desktops, servers, and workstations, the company caters to the evolving needs of corporate clients. Additionally, it distinguishes itself through its provision of IT solution services, encompassing cloud server management and IT equipment servicing. Bolstering its commitment to excellence, Slone Infosystems Limited holds ISO certifications across key domains such as Occupational Health & Safety, Information Security, Environmental Management, and Quality Management Systems, ensuring adherence to global standards. Amidst its workforce of 8 permanent and 6 contractual employees as of April 2024, the company remains steadfast in delivering reliable and cutting-edge IT solutions to its clientele.
Slone Infosystems IPO Details
| Issue Size | 1,400,000 shares (aggregating up to ₹11.06 Cr) |
| Fresh Issue | 1,400,000 shares (aggregating up to ₹11.06 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,869,013 |
| Share holding post issue | 5,269,013 |
| Market Maker portion | 70,400 shares Aftertrade Share Broking |
Key Performance Indicator
| KPI | Dec-23 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROCE | 34.44% | 36.49% | 29.61% |
| RONW | 23.98% | 35.47% | 16.75% |
| D/E | 0.33 | 1.3 | - |
| EPS (basic & Diluted) | 13.58 | 4.05 | - |
| P/E Pre IPO | 5.82 |
Company Financials
Slone Infosystems Limited Financial Information (Restated)
Slone Infosystems Limited's revenue increased by 15.73% and profit after tax (PAT) rose by 94.88% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | Dec 2023 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|
| Assets | 1,978.58 | 1,190.71 | 1,167.37 | 929.41 |
| Revenue | 3,434.86 | 3,077.40 | 2,659.14 | 1,157.44 |
| Profit | 284.72 | 74.66 | 38.31 | 27.54 |
| Net Worth | 1,187.51 | 210.49 | 228.70 | 189.61 |
| Reserves | 800.61 | 25.94 | ||
| Borrowing | 642.66 | 681.53 | 921.15 | 726.10 |
| Amount in ₹ Lakhs | ||||
Strength Factors
Adherence to Quality Standards: Slone Infosystems Limited prioritizes quality at every stage, adhering to stringent standards to deliver reliable products and services, thereby enhancing customer satisfaction and loyalty.
Legacy Business Processes & Management: With established and refined business processes, Slone Infosystems efficiently manages its operations, ensuring consistency, scalability, and effective resource utilization, contributing to sustained growth and profitability.
Strong and Experienced R&D Team: The Company boasts a highly skilled and experienced research and development team, driving innovation and technological advancement. This team's expertise enables Slone Infosystems to stay ahead of market trends, develop cutting-edge solutions, and maintain a competitive edge in the dynamic IT industry.
Risk Factors
Limited Operating History: Slone Infosystems Limited's short operating history poses a challenge for investors in assessing its historical performance and predicting future prospects. This lack of track record may introduce uncertainty regarding the company's ability to sustain growth and profitability over the long term.
Equity Issuance below Issue Price: The issuance of equity shares at a price below the issue price and for consideration other than cash raises concerns about the company's financial health and investor confidence. This could potentially dilute existing shareholders' value and indicate financial difficulties or a need for capital infusion, which may deter potential investors and affect the company's stock performance.
Rented Premises for Offices: The fact that Slone Infosystems Limited does not own the premises housing its registered and corporate offices introduces a risk of rising rental costs, lease renewals, or disruptions in operations due to landlord-tenant disputes or termination of lease agreements. Additionally, the lack of asset ownership may limit the company's ability to leverage its real estate for collateral or as a strategic asset, potentially impacting its long-term stability and financial flexibility.
Slone Infosystems IPO Lead Manager(s)
- Jawa Capital Services Private Limited
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: sil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/