Slone Infosystems Shares Skyrocket To ₹118.50, Up 50% In A Stellar Debut On NSE SME 

Slone Infosystems' shares debuted on the NSE SME with a 50% jump to ₹118.50 from an IPO price of ₹79, showing strong investor interest and a successful market introduction.
Slone Infosystems Shares Skyrocket To ₹118.50, Up 50% In A Stellar Debut On NSE SME 

Slone Infosystems’ shares soared on their NSE SME debut, opening at ₹118.50 each, a 50% increase from the IPO price of ₹79. This strong start reflects a robust investor appetite, marking a remarkable introduction for Slone Infosystems on the exchange.

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The subscription for the Slone Infosystems IPO, which ran from May 3 to May 7, featured a price band of ₹79 per share, face value ₹10. Investors needed to apply in multiples of 1,600 shares. By day three, the subscription surged to 667.81 times.

Slone Infosystems Limited, an IT hardware solutions provider in India, specialises in selling and renting laptops, desktops, and servers. They offer customised IT services, including cloud server management and corporate equipment servicing. Their approach is client-focused, providing tailored solutions that enhance productivity and efficiency within budget limits. They support a wide range of IT needs, from equipment sales to comprehensive service solutions and rentals.

Slone Infosystems Limited’s IPO aims to fund acquisitions of IT hardware, repay loans, and support general corporate activities like expansions, acquisitions, and operational expenses to foster growth and efficiency.

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