Slone Infosystems Limited’s IPO consists of a fresh issue of 14,00,000 lakh shares worth INR 11.06 crores. The company aims to invest in technology, repay loans, and cover general corporate expenses.
Slone Infosystems Ltd IPO – Important Dates
| Slone Infosystems IPO Date | May 3, 2024 to May 7, 2024 |
| Slone Infosystems IPO Listing Date | May 10, 2024 |
| Slone Infosystems IPO Price | INR 79 per share |
| Slone Infosystems IPO Lot Size | 1600 Shares |
| Slone Infosystems IPO Total Issue Size | INR 11.06 crores |
| Slone Infosystems IPO Basis of Allotment | May 8, 2024 |
| Slone Infosystems IPO Initiation of Refunds | May 9, 2024 |
| Slone Infosystems IPO Credit of Shares to Demat | May 9, 2024 |
| Slone Infosystems IPO Issue Type | Fixed Price Issue IPO |
| Slone Infosystems IPO Listing At | NSE SME |
Slone Infosystems Limited IPO – Company Profile
Slone Infosystems Limited is an IT hardware solutions company in India. It offers a range of services, including selling and renting laptops, desktops, and servers and providing IT solutions like cloud server management and corporate equipment servicing.
They offer tailored IT solutions, procuring and either selling or renting equipment based on client needs, providing flexibility to maximize productivity within budget constraints, and ensuring client satisfaction and operational efficiency.
They provide customized IT solutions, encompassing the sale of used equipment and various segments like laptop/computer sales, other IT product sales, IT service solutions, and rental services, ensuring comprehensive client support.
Slone Infosystems Limited IPO Review
Slone Infosystems financial analysis reveals a mixed performance. Revenue initially increased but fell short later. Profitability and equity improved, while return on net worth declined, reflecting varying aspects of the company’s performance.
- Revenue Trend: The revenue increased from ₹2,578.79 lakhs in March 2022 to ₹3,022.14 lakhs in March 2023. The revenue for the current year’s 9-month period ending December 2023 is INR 3,407.06 lakhs, crossing last year’s benchmark.
- Equity and Liabilities: Equities have consistently increased over the periods, reflecting potential growth and expansion.
- Profitability: The profit after tax (PAT) has significantly increased from ₹38.31 lakhs in March 2022 to ₹284.72 lakhs by December 2023. This improvement in profitability could be a source of confidence for investors.
- Earnings per Share (EPS): The diluted EPS for December 2023 is 13.58.
- Return on Net Worth (RoNW): The RoNW has grown from 16.75% to 23.98%, indicating an increase in the company’s ability to generate returns on shareholder equity.
- Financial Position: Total assets have increased, suggesting potential business growth.
Slone Infosystems Ltd IPO Fundamental Analysis
| Particular | As of 31 March 2022 | As of 31 March 2023 | As of 31 December 2023 |
| Revenue (₹ in lakhs) | 2,578.79 | 3,022.14 | 3,407.06 |
| Equity (₹ in lakhs) | 228.70 | 210.49 | 1,187.51 |
| Expenses (₹ in lakhs) | 2,609.55 | 2,991.49 | 3,049.38 |
| Profit and Loss After Tax (₹ in lakhs) | 38.31 | 74.66 | 284.72 |
| Diluted EPS only (₹) | NA | 4.05 | 13.58 |
| Return on Net Worth (%) | 16.75 | 35.47 | 23.98 |
| NAV per Equity Share (₹) | NA | NA | 30.89 |
| Total Assets (in lakhs) | 1,167.37 | 1,190.71 | 1,978.58 |
| Total Liabilities (in lakhs) | 938.67 | 980.22 | 791.07 |
Slone Infosystems Ltd IPO Peer Comparison
Slone Infosystems displays stability, Brisk Technovision exhibits growth potential with solid fundamentals, while Benchmark Computer Solutions shows volatility despite high earnings and substantial net worth, reflecting varying aspects of performance.
| Company | Face Value (₹) | P/E (₹) | EPS (Basic & Diluted) (₹) | RoNW (%) | Book value per share (₹) |
| Slone Infosystems Limited | 10 | 19.51 | 4.05 | 35.47 | 30.69 |
| Brisk Technovision Ltd | 10 | 14.61 | 9.24 | 38.62 | 23.93 |
| Benchmark Computer Solutions Ltd | 10 | 0.03 | 1,959.31 | 15.20 | 12,890.60 |
Slone Infosystems Limited IPO Objective
The main objective of Slone Infosystems Limited is to allocate capital towards purchasing laptops, desktops, SSD, and RAM, repaying/prepaying borrowings, and addressing general corporate needs.
- Capital Expenditure towards the purchase of Laptops, Desktops, SSD, and RAM: Slone Infosystems Limited plans to utilize a portion of the Issue Proceeds to procure laptops, desktops, SSD, and RAM for its business operations, especially to support and expand the profitable rental services segment.
- Repayment/prepayment of certain borrowings availed by the company: The company plans to utilize INR 392.12 Lakhs from the Net Proceeds to repay/prepay term loans and working capital facilities, aiming to reduce outstanding indebtedness, enhance equity base, and leverage capacity for future growth.
- General Corporate Purpose: The company will balance funds towards general corporate goals, including strategic initiatives, acquisitions, investments in future subsidiaries, office expansions, business development, acquisition of fixed assets, and meeting various expenses such as salaries, rent, taxes, and maintenance.
Slone Infosystems Ltd IPO Risks And Challenges
Slone Infosystems Limited’s risk includes limited operating history affecting investor evaluation, dependence on client relationships for success, and vulnerability to supplier risks, which could potentially impact business operations, financial condition, and viability.
- Slone Infosystems, formerly M/s Sam Computers, was acquired by Slone Infosystems Pvt Ltd in March 2023. Its limited operating history challenges investor evaluation of the business’s prospects and viability.
- The company’s success relies heavily on maintaining good relationships with clients. Losing significant clients could materially affect operations and cash flow. Dependency exposes risks related to clients’ management, financial health, and major events, potentially adversely impacting the business.
- The reliance on a limited number of suppliers exposes the company to risks, including delays, financial instability, and unfavorable terms. Without long-term contracts or suitable alternatives, this could adversely impact the business, financial condition, and operations.
Slone Infosystems Limited IPO – Industry & Market Potential
India’s electronics hardware industry shows robust growth, with domestic production reaching USD 87.1 billion and expected to hit USD 300 billion by 2026, supported by successful incentive schemes and innovation initiatives.
India’s electronic manufacturing sector has grown significantly due to government initiatives like “Make in India” and “Digital India,” aiming to boost domestic production, reduce import dependence, and establish India as a global manufacturing hub.
India’s ICT hardware sector offers import substitution and export opportunities, promising high-value additions with domestic production capabilities. Emerging domains like AI, ML, and IoT leverage India’s technical expertise, labor availability, and language advantage.
Slone Infosystems Ltd IPO – Type of Offer
Slone Infosystems Limited’s IPO consists of a fresh issue of 14,00,000 lakh shares worth INR 11.06 crores. The company aims to invest in technology, repay loans, and cover general corporate expenses.
Slone Infosystems Ltd IPO Offer Size
The offer size of Slone Infosystems Limited is INR 11.06 crores, consisting of a fresh issue of 14,00,000 lakh shares. The company seeks funds to invest in technology, repay loans, and cover general corporate expenses.
Slone Infosystems Ltd IPO Allotment Structure
Slone Infosystems Limited’s IPO allotment structure includes a category for Retail Individual Investors (RII) with investments below ₹2 lakhs, a category for other investors exceeding ₹2 lakhs, and a reservation of 70,400 shares for Market Makers.
- Retail Individual Investors (RII): These individual investors apply for shares with a total value of less than Rs.2 lakhs.
- Other than retail individual investors: Such applications where the value exceeds INR 2 lakhs.
- Market Makers Reservation: A certain percentage or number of shares is reserved for market makers. The company has set aside 70,400 shares for this purpose.
How to apply for the Slone Infosystems IPO?
To apply for the Slone Infosystems IPO through Alice Blue, you would typically follow these steps:
Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.
- Check for IPO Details: Once your account is active, you can check for the Slone Infosystems IPO details in the IPO section of the Alice Blue platform.
- Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
- Submit the Application: Confirm all your details and submit your application.
You can apply for the Slone Infosystems IPO at Alice Blue in just a few clicks!
Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.
Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.
How do you check Slone Infosystems Ltd IPO Allotment Status?
Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:
- Log in to your Alice Blue Account: You can do this through the Alice Blue website or their trading app.
- Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
- Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
- Select the Slone Infosystems IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Slone Infosystems IPO.
- Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.
If you face any issues, it’s recommended that you contact Alice Blue’s customer support for detailed assistance.
Apart from Alice Blue, there are other ways to check the allotment status of the Slone Infosystems IPO:
● Registrar’s Website: Visit the website of Kfin Technologies Limited, the registrar of the Slone Infosystems IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.
● NSE SME: You can also check the allotment status on the official websites of the National Stock Exchange (NSE) Small Medium Enterprise (SME). You would need your application number and PAN to check the status.
Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.
Slone Infosystems Ltd IPO Offer Registrar
The registrar for the Slone Infosystems Limited IPO is Kfin Technologies Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.
Contact information for the registrar:
Kfin Technologies Limited
Selenium, Tower B, Plot No 31 and 32,
Financial District, Nanakramguda,
Serilingampally, Hyderabad, Telangana, 500032
E-mail: [email protected]
Website: www.kfintech.com
Slone Infosystems Limited IPO – FAQs
The allotment date of the Slone Infosystems Limited IPO is May 8, 2024.
The price band of the issue is INR 79 per share.
The offer size of Slone Infosystems Limited is INR 11.06 crores, consisting of a fresh issue of 14,00,000 lakh shares. The company seeks funds to invest in technology, repay loans, and cover general corporate expenses.
The listing date of Slone Infosystems IPO is May 10, 2024.
