The IPO date for Slone Infosystems has not been finalized yet, but it’s expected to open in April and close in May 2024. Slone Infosystems aims to raise approximately ₹11.06 crores through the IPO, offering 14,00,000 equity shares at a fixed price of ₹79 per share, with a market lot of 1600 shares.
Slone Infosystems is an IT hardware solutions company based in India, specializing in selling and renting IT equipment such as laptops, desktops, servers, and workstations.
Additionally, it provides IT solution services like managing cloud servers and servicing IT equipment for corporate clients. The company offers tailored solutions to meet the specific IT requirements of its clients, providing flexibility and cost-effectiveness.
The objectives of the IPO proceeds include capital expenditure for purchasing IT equipment, repayment/prepayment of certain borrowings, and general corporate purposes.
The IPO subscription status and allotment details are expected to be available in May 2024, with the listing likely to take place in the same month on the NSE SME platform.
Investors can apply for the Slone Infosystems IPO via ASBA (Application Supported by Blocked Amount) available in their bank accounts or by downloading IPO forms from the NSE website and submitting them through their bank or broker.
Financially, Slone Infosystems has shown growth in revenue and profit after tax over the years. For instance, in the financial year ending March 2023, the company reported revenue of ₹30.77 crores and a profit after tax of ₹0.75 crores.
The valuation metrics for Slone Infosystems as of FY2023 include an EPS of ₹4.05, a P/E ratio of 19.50, and a RoNW of 35.47%.
The promoters of Slone Infosystems are Mr. Rajesh Srichand Khanna, Mrs. Manisha Rajesh Khanna, and Mr. Mohit Rajesh Khanna.
