Slone Infosystems IPO: Price band, issue size, key dates, other details
₹79 per equity share of face value of ₹10 each. Slone Infosystems IPO will open for subscription on Friday, May 3, and close on Tuesday, May 7. The lot size for the Slone Infosystems IPO is 1,600 shares.
A minimum of 1,600 equity shares must be applied for, and after that, the shares must be applied for in multiples of 1,600. The issue price of ₹79 is 7.9 times of the face value. Slone Infosystems is an IT hardware solutions company that sells and rents IT equipment as well as offering IT service solutions in India, according to the prospectus.
The firm offers IT solution services, such as maintaining cloud servers and providing corporates with IT equipment servicing, in addition to selling and renting IT equipment such as laptops, desktops, servers, and workstations. Also Read: Winsol Engineers IPO price band set at ₹71-75 per share; SME IPO to open on May 6 The company is divided into many business divisions, including rental services, sales of various IT-related items, laptops, computers, and computer accessories, and IT service solutions. As per the prospectus, the company's (with a P/E of 19.51) listed peers are Brisk Technovision Ltd (with a P/E of 14.61), and Benchmark Computer Solutions Ltd (with a P/E of 0.03).
Between March 31, 2022, and March 31, 2023, the company's profit after tax (PAT) climbed by 94.88%, while its revenue grew by 15.73%. Slone Infosystems IPO, which is worth about ₹11.06 crore, consists of a fresh issue of 14,00,000 equity shares with a face value of ₹10. There is no offer-for-sale component.
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