Slone Infosystems Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Slone

CMP

96.80

-4.80 (-4.72%)

  • DRHP
₹79

Offer Price

₹ 11.06 Cr

Issue Size

₹ 1,26,400

Min Investment

1,600

Lot size

Time Line

  • 03
    May 2024
    Open
  • 07
    May 2024
    Close
  • 08
    May 2024
    Finalisation of Basis of Allotment
  • 09
    May 2024
    Initiation of Refunds
  • 09
    May 2024
    Transfer of Shares to Demat Account
  • 10
    May 2024
    Listing Date

Objects of the Offer

  • Continue to expand its customer base.

  • Continue to focus on emerging technologies.

  • Optimal Utilization of Resources.

Products & Services

  • Slone Infosystems Limited is an IT hardware solutions Company, engaged in selling and renting of IT Equipment, and in providing IT Service Solutions in India.

Strengths

  • Experienced Promoters and Management Team.

  • Wide range of Products.

  • Long standing relationship with clients and suppliers.

  • Quality standards.

  • Legacy Business Process & Management.

Risks

  • The company has a very limited operating history as a Company, which may make it difficult for investors to evaluate its historical performance or future prospects.

  • There have been instances of deficiency in the regulatory filings by the Company. Consequently, its may be subject to regulatory actions and penalties for such delays which may adversely impact its business and financial condition.

  • The company has issued Equity Shares during the last year at a price that is below the Issue Price and for consideration other than cash.

  • The company generates a significant percentage of its revenue from few clients. The loss of any one or more of its major clients would have a material adverse effect on the company business operations and profitability.

  • The Company is dependent on limited number of external suppliers for its product requirements. Any delay or failure on the part of such suppliers to deliver products at acceptable prices, may adversely affect its business, profitability and reputation.

Company Promoters

Promoters Holding

Issue For IPO
26.43%
Pre Holding

99.44%

Post Holding

73.01%

Top Promoters Holding

Financials

All values in Cr

Mar-2023 Mar-2023 Mar-2023 3-Yr trend
Revenue 0.75 (-) 30.22 (-) 35.47 (-)
Gross Profit 0.75 (-) 30.22 (-) 35.47 (-)
Net Income 0.75 (-) 30.22 (-) 35.47 (-)
Assets 0.75 (-) 30.22 (-) 35.47 (-)
Liabilities 0.75 (-) 30.22 (-) 35.47 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Slone Infosystems Ltd 30.22 0.75 4.85 2.74 35.47 0.00 11.41 1.55 0.56
Brisk Technovision Ltd 18.31 1.99 6.80 6.80 41.56 9.94 23.93 29.26 0.03
Benchmark Computer Solutions Ltd 31.95 1.96 24.44 24.44 15.19 1,959.31 12,890.60 8.01 0.43

Book Running Managers

  • Jawa Capital Services Pvt Ltd

Registrar & Transfer Agent

KFin Techologies Ltd

Karvy Selenium Tow-B,
31&32 Financial Dist,
Nanakramguda - Hyderabad-500032
Phone : 91-40-67162222 Fax: 91-40-23001153/23420814

Company Contact Information

Office # 203 2nd Flr Mohini,
Heights CHS Ltd 5th Rd K.West,
Mumbai - 400052
Phone : 98203 24640/98920 73899 Email : cs@sloneinfosystems.com www.sloneinfosystems.com

Offer Related Information

Initial public issue of 14,00,000 equity shares of face value of Rs. 10 each ("Equity Shares") of Slone Infosystems Limited (the "Company") for cash at a price of Rs. 79 per equity share (including a share premium of Rs. 69 per equity share) (the "Issue Price"), aggregating upto Rs. 11.06 crores ("The Issue"), of which 70,400 equity shares of face value of Rs. 10 each for cash at a price of Rs. 79 per equity share, aggregating to Rs. 0.56 crores will be reserved for subscription by the market... More

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