Slone Infosystems Limited
listed
₹1.26LMin. investment
Slone Infosystems Limited IPO Details
Issue size
₹11.06Cr
IPO type
SME
Price range
₹79.00 – ₹79.00
Listing date
10 May 2024
Lot size
1600 shares
Price range₹79.00 – ₹79.00
IPO type
SME
Lot size1600 shares
Issue size₹11.06Cr
Slone Infosystems Limited Timeline
- Bid start3 May 2024
- Bid end7 May 2024
- Allotment5 May 2024
- Release of funds9 May 2024
- Demat transfer8 May 2024
- Listing10 May 2024
About Slone Infosystems Limited
Established in 2022, Slone Infosystems Limited has rapidly carved a niche for itself in the dynamic IT hardware solutions market in India. Specializing in the sale and rental of high-quality IT equipment alongside comprehensive IT service solutions, Slone Infosystems caters to a diverse clientele, focusing on enhancing efficiency and optimizing IT investments.
Core Offerings
Slone Infosystems Limited operates through four primary business segments:
Sale of Laptop, Computer & Computer Peripherals : Offering a wide range of laptops, desktops, and peripherals, Slone Infosystems ensures that businesses have access to the latest and most efficient technology.
Sale of Other IT-Related Products : This includes a variety of IT hardware and software products, catering to specific business needs and technological upgrades.
IT Service Solutions : From managing cloud servers to routine maintenance and servicing of IT equipment, Slone Infosystems provides tailor-made services that keep corporate IT infrastructure running smoothly.
Rental Services : Recognizing the varied needs of businesses, Slone Infosystems offers flexible rental options that allow companies to acquire necessary IT equipment without hefty upfront investments, thus preserving their capital and enhancing budget efficiency.
As Slone Infosystems Limited prepares for its Initial Public Offering (IPO), the company is set to leverage the capital raised to fuel further growth and streamline operations. The proceeds from the IPO will be allocated towards the following objectives:
- Capital Expenditure : Investment in cutting-edge IT equipment, including laptops, desktops, SSDs, and RAM, to enhance the rental and sales inventory.
- Repayment of Loan : Reducing financial liabilities to strengthen the company's balance sheet and improve profitability.
- General Corporate Purposes : Funding daily operations and other corporate activities to support expansion strategies.
- Issue-Related Expenses : Covering the costs associated with the IPO process to ensure a smooth transition to public listing.
Checklist
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Slone Infosystems Limited Contact Details
Company NameSlone Infosystems Limited
How to apply for Slone Infosystems Limited?
- Step 1
Log in to your Upstox account to access IPO investments. Next, select the current IPO section.
- Step 2
Specify IPO details. Enter the number of lots and the price you wish to apply for.
- Step 3
Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4
Mandate Notification. Your UPI app will receive a mandate notification to block funds.
- Step 5
Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.