About the Company:
Slone Infosystems Ltd is an IT hardware solutions Company, engaged in selling and renting of IT Equipment, and in providing IT Service Solutions in India.
Company deals 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.
Company provides custom made solutions to our clients for their IT requirements. Company procures IT equipment for clients based on the requirement of the client and then either sell or rent the IT equipment to our clients based on their requirement.
Company provides flexibility and advantage to acquire the requisite equipment that our client needs to maximize their productivity without compromising their IT budget. In addition,company also sell the used IT equipments to clients as per their requirements.
Company Operates in the following Business Segments.
- Sale of Laptop, Computer & Computer Peripherals.
- Sale of other IT related products.
- IT Service solutions.
- Rental Services.
Breakup of Product wise revenue:
Management Team:
- Mr. Rajesh Srichand Khanna (Designation: Chairman and Managing Director)
- Mr. Mohit Rajesh Khanna (Designation: Whole Time Director & Chief Financial Officer)
Objectives of the Issue:
Fresh Issue: (Rs.11.06 cr)
- Capital Expenditure towards purchase of Laptops, Desktops, SSD and RAM.
- Repayment/prepayment of certain borrowings availed by our Company.
- General Corporate Purpose
Positives for the Company:
Wide presence in domestic Market with diverse base of customers.
- Company has served clients across various industries and sectors including the logistics solutions, BPO, pharmaceuticals, ecommerce, education, IT, insurance, research, media & entertainment, recruitment, VFX & Digital solutions and many more.
- For F.Y. 2021-22, some of company’s esteemed customers include names such as Silicon Rental Solutions Limited, Mangal Compusolution Limted, Sidewalk Systems, Cemtrex Labs,Expert Infotech pvt Limited, Hindustan Computers.
Wide range of offerings with capability to provide customized and integrated IT solutions.
- Company provides customers a broad range of products including laptops, desktops, printers, servers and other peripherals like CCTV cameras, projectors, storage devices etc on rental basis. Company understand the needs of the customers and based on their requirements company delivers them the best possible and most economical rental solution for their business.
Strong relationship with customers.
- Strong client relationship provides the foundation for company’s business. Company’s client includes small, mid-size and large corporate houses.
- Over the years, Company’s relationship with customers have expanded and we believe that the strength of our customer relationships is attributable to our ability to customize our offerings to customer specifications and requirements, as well as our track record of consistent delivery of quality and cost-effective services over the years.
Financials of the Company:
| (in Crores) | FY 21 | FY 22 | FY 23 | Upto 31st Dec 23 |
|---|---|---|---|---|
| Revenue | 11.57 | 26.59 | 30.77 | 34.34 |
| Net Profit | 0.27 | 0.38 | 0.74 | 2.84 |
Valuation of Peer Group Companies:
| Company Name | Face Value | EPS | PE Ratio | RoNW | NAV |
|---|---|---|---|---|---|
| Slone Infosystems Limited | 10 | 4.05 | 19.51 | 35.47% | 30.69 |
| Brisk Technovision Ltd. | 10 | 9.24 | 14.61 | 38.62% | 23.93 |
Fund Utilization:
| Particulars | Amount (Rs. in Crores) |
|---|---|
| Capital Expenditure towards purchase of Laptops, Desktops, SSD and RAM. | 5.00 |
| Repayment/prepayment of certain borrowings availed by our Company; | 3.92 |
| General Corporate Purpose. | 1.28 |
| Net Proceeds | 10.21 cr |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 3rd May 2024 |
| Issue Closes on | 7th May 2024 |
| Issue Price | Rs.79 |
| Face Value | Rs.10 |
| Minimum Lot | 1600 Shares |
| Minimum Investment | Rs.1,26,400 |
| Issue Constitutes | 26.57 % |
| Issue Size | Rs.11.06 cr |
| Market Cap | Rs.41.62 cr |
| Listing at | NSE SME |
| Equity Shares Offered (Fresh) | 14,00,000 (Rs.11.06 cr) |
| Equity Shares Prior to the Issue | 38,69,013 |
| Equity Shares after the Issue | 52,69,013 |
Important Dates:
| Finalization of Basis of Allotment | on or Before 8th May 2024 |
| Initiation of Refunds | on or Before 9th May 2024 |
| Credit of Equity Shares: | on or Before 9th May 2024 |
| Listing Date: | on or Before 10th May 2024 |
IPO Valuation Parameters:
| Earnings Per Share (EPS) | Price To Earnings ratio (PE) | Return on Net Worth (RoNW) | Net Asset Value (NAV) |
|---|---|---|---|
| 4.05 | 19.50 | 35.47% | 65.60 |
Also Read: Complete List of NSE/BSE Holidays List>>
| Should You Subscribe or Not ? (Markets Guruji’s View) |
|---|
| Slone Infosystems Ltd stands as a premier IT hardware solutions company in India, offering a comprehensive suite of services tailored to meet diverse IT needs. Specializing in both sales and rentals of top-tier equipment such as laptops, desktops, servers, and workstations, the company ensures clients access cutting-edge technology seamlessly. Moreover, Slone Infosystems excels in delivering IT service solutions, encompassing cloud server management and corporate equipment servicing.
Distinguished by its client-centric approach, the company crafts bespoke solutions aligning with individual IT requisites. Leveraging a deep understanding of the market, Slone Infosystems procures and provisions IT equipment according to client specifications, providing flexible options for purchase or rental. Risk taking investors may apply in this ipo to be part of its growth journey, promising potential returns in a dynamic sector poised for expansion. |
| Company Contact Info: |
|---|
| Slone Infosystems Limited Office 203, 2nd Floor, Mohini Heights CHS LTD, 5th Road Khar West, Behind Rajasthan Hotel, Khar Delivery, Mumbai-400052 Maharashtra Tel: +91-9820324640 / 9892073899; Email :cs@sloneinfosystems.com Website : www.sloneinfosystems.com |
| Registrar to the Issue: |
|---|
| Kfin Technologies Limited Selenium, Tower B, Plot No 31 and 32, Financial District, Nanakramguda, Serilingampally, Hyderabad, Telangana, 500032 Tel No.: +91 40 6716 2222/18003094001, E-mail: sil.ipo@kfintech.com Website: www.kfintech.com |
| Lead Manager to the Issue: |
|---|
| Jawa Capital Services Private Limited Plot No. 93, First Floor, Pocket 2, Near DAV School, Jasola, New Delhi- 110025 Tel No.: +91-11-47366600; E-mail: mbd@jawacapital.in Website: www.jawacapital.in |
| Check IPO Allotment Status: |
|---|
KfinTech Website (Click on the below Link)http://kfintech/IPO/Allotment_Status |
| Find the List of Upcoming IPOs in India: |
|---|
Upcoming IPOs in India (Click on the below Link)https://marketsguruji.com/upcoming-ipos-in-india/ |
