Slone Infosystems Limited
IPO Details
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Lot Distribution
Reservation
Company Fin.
₹45(56.96%)
Premium (ELP)
Slone Infosystems Limited's achieved publicly listed status following its IPO debut on May 10, 2024 at the NSE platform. The offering successfully mobilized 14,00,000 Shares, with 14,00,000 Shares allocated to corporate growth initiatives.
Investment participation occurred within the established price band of ₹79 to ₹79, starting from minimum lots of 1600 shares. The subscription window from May 03, 2024 through May 07, 2024 enabled investor participation across market segments.
Share allocation was completed on May 08, 2024, determining ownership distribution among successful applicants. The listing represents a milestone achievement, transitioning the company to regulated public market status with associated responsibilities and opportunities.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Slone Infosystems Limited, founded in December 2022, is a growing name in India's IT sector, offering a wide range of hardware and IT services. The company provides laptops, desktops, servers, and workstations for both sale and rental, catering to corporate clients. It also offers IT solutions like cloud server management and equipment servicing. Committed to quality and security, Slone Infosystems holds ISO certifications in key areas such as safety, information security, environmental management, and quality control. With a team of 8 permanent and 6 contractual employees as of April 2024, the company continues to deliver reliable and innovative IT solutions.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Focus on Quality: Slone Infosystems adheres to strict quality standards to deliver dependable products and services, enhancing customer satisfaction and long-term loyalty.
- Streamlined and Efficient Operations: Well-structured business processes enable smooth operations, optimal resource utilization, and consistent growth and profitability.
- Skilled and Innovative R&D Team: A highly capable research and development team drives innovation, helping the company stay ahead of market trends with advanced, future-ready solutions.
- Limited Operating History: As a relatively new company, Slone Infosystems has a short business track record, making it difficult for investors to evaluate past performance or predict long-term growth, which may create uncertainty about future stability.
- Concerns Over Equity Issuance Practices: Issuing shares below the stipulated price or for non-cash consideration may raise doubts about the company’s financial strength. Such actions can dilute existing share value and make investors more cautious.
- Risks of Operating from Rented Premises: Dependence on leased office spaces exposes the company to rising rents, potential lease non-renewals, and operational disruptions. The absence of owned property may also restrict long-term financial flexibility and stability.
- Mr. Rajesh Srichand Khanna
- Mrs. Manisha Rajesh Khanna
- Mr. Mohit Rajesh Khanna
Slone Infosystems Limited
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