Slone Infosystems IPO opens today: Check issue size, price band, GMP and other details
IPO of Slone Infosystems opened for subscription today and will close on May 7. The company aims to raise about Rs 11 crore through the SME IPO and list the shares on NSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.
1) About Slone Infosystems
Slone Infosystems is an IT hardware solutions Company, engaged in selling and renting of IT Equipment, and in providing IT Service Solutions in India. We deal in selling and renting of IT equipment like laptops, desktops, servers, work stations and also provide IT solution services like managing cloud servers, servicing of IT equipment to the corporates
2) Industry overview
The domestic production of electronic items has increased from Rs 3.17 lakh crore in 2016-17 to Rs 6.4 lakh crore ($87.1 billion) in 2021-22, growing at a Compound Annual Growth Rate (CAGR) of 15%. India’s electronics production is expected to reach $300 billion by 2026.
3) Slone Infosystems IPO size
The IPO is entirely a fresh equity issue of 14 lakh shares and through the issue, the company aims to raise Rs 11 crore.
4) Slone Infosystems IPO price band
The company is offering its shares at Rs 79 apiece, and investors can bid for 1600 shares in 1 lot.
5) Slone Infosystems IPO financial performance
For the period ended December 2023, the company clocked revenues of Rs 34.34 crore and net profit of Rs 2.84 crore.
6) Objects of the offer
The net proceeds from the public offer will be used for capital expenditure, repayment of debt,
