Slone Infosystems Limited IPO

Incorporated in December 2022, Slone Infosystems Limited is an Indian company that provides IT hardware solutions. It sells and rents various IT equipment, such as laptops, desktops, servers, and workstations. Additionally, it offers IT solution services to corporate clients, including managing cloud servers and servicing IT equipment. 

The company’s business can be divided into the following segments

  1. Sale of Laptop, Computer & Computer Peripherals
  2. Sale of other IT related products
  3. IT Service solutions; and
  4. Rental Services

 

The Company is ISO certified for OH&S, Information Security, Environmental Management, and Quality Management Systems.

As of April 2024, the company has 8 employees on its payroll and six contractual employees.

 

Slone Infosystems Limited Financial Information (Restated)

Slone Infosystems Limited’s revenue increased by 15.73% and profit after tax (PAT) rose by 94.88% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,978.581,190.711,167.37929.41
Revenue3,434.863,077.402,659.141,157.44
Profit After Tax284.7274.6638.3127.54
Net Worth1,187.51210.49228.70189.61
Reserves and Surplus800.6125.94  
Total Borrowing642.66681.53921.15726.10
Amount in ₹ Lakhs

Objects of the Issue (Slone Infosystems IPO Objectives)

The objects of the present issue of Equity Shares are:

  1. Capital Expenditure towards purchase of Laptops, Desktops, SSD and RAM.
  2. Repayment/prepayment of certain borrowings availed by the Company; and
  3. General Corporate Purpose

Slone Infosystems IPO Timeline (Tentative Schedule)

Slone Infosystems IPO opens on May 3, 2024, and closes on May 7, 2024.

IPO Open DateFriday, May 3, 2024
IPO Close DateTuesday, May 7, 2024
Basis of AllotmentWednesday, May 8, 2024
Initiation of RefundsThursday, May 9, 2024
Credit of Shares to DematThursday, May 9, 2024
Listing DateFriday, May 10, 2024
Cut-off time for UPI mandate confirmation5 PM on May 7, 2024

SHARIAH SCREENING for - Slone Infosystems Limited IPO

BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
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