IPO Details

Bidding Dates

03 May '24 - 07 May '24

Minimum Investment

₹1,26,400/ 1 Lot ( 1,600 Shares )

Price Range

₹ 79

Maximum Investment

₹1,26,400/ 1 Lot ( 1,600 Shares )

Retail Discount

Not Applicable

Issue Size

₹11.06 Cr

Investor category and sub category

Retail Individual Investors (RII)  |   Non-institutional Bidders (NIB)  |   Qualified Institutional Buyers (QIB)  |  

Slone Infosystems Limited Important Dates

Important dates with respect to IPO allotment and listing

Opening Date

May 3, 2024

Closing Date

May 7, 2024

Basis of Allotment

May 8, 2024

Initiation of Refunds

May 9, 2024

Credit of Shares to Demat

May 9, 2024

Listing Date

May 10, 2024

Cut-off time for UPI mandate confirmation

May 7, 2024

About Slone Infosystems Limited

The establishment of Slone Infosystems Limited dates back to 1999 when Mr. Rajesh Srichand Khanna started providing IT hardware solutions under the M/s SAM Computers brand. In 2022, Mr. Khanna reorganised the firm as Slone Infosystems Private Limited with the goal of growing it. This resulted in the smooth acquisition of M/s SAM Computers' whole operational portfolio.

A major turning point in the company's development came in 2023 when it became a Public Limited Company and changed its name to "Slone Infosystems Limited." This calculated action is in line with the company's objective to grow and achieve new heights in the field of IT solutions.

Slone Infosystems is a versatile client-focused organisation that specialises in selling, renting, and maintaining IT equipment. It provides a range of goods, including servers, laptops, desktops, and full IT service solutions. By emphasising tailored solutions, the business builds lasting relationships and provides value-added services while ensuring customers get the most out of their IT budgets.

Slone Infosystems drives growth and quality in the IT business by operating across four core segments: IT equipment, peripherals, service solutions, and rental services. The company is always innovating and adapting to the ever-changing IT market.

Industry Outlook 

  1. India's electronics hardware market is growing rapidly; by 2026, domestic output is predicted to exceed USD 300 billion. Slone Infosystems, a company in the IT hardware solutions industry, is well-positioned to gain from this growth trajectory by utilising programmes like Made in India and Digital India to improve its product range and market share.
  2. The government is creating an environment that is favourable to electronics production and innovation through programmes like the India Semiconductor Mission and Production Linked Incentive programmes. By using these activities, Slone Infosystems may expand the range of products it offers, establish international alliances, and solidify its standing as a national leader with ambitions to grow globally.

Slone Infosystems Limited IPO Details

Slone Infosystems Limited IPO Date

Slone Infosystems Limited IPO is open from Friday, May 3, 2024, to Tuesday, May 7, 2024. The IPO will be listed on NSE SME.

Slone Infosystems Limited IPO Price Band

Slone Infosystems Limited is a Fixed Price Issue IPO. The price is set at ₹79 per share. 

Slone Infosystems Limited IPO Lot Size

The lot size for Slone Infosystems Limited IPO is 1600 shares with a minimum investment of ₹1,26,400.

Slone Infosystems Limited IPO Objectives 

The company plans to allocate the net proceeds from the issue for the following purposes:

  1. Allocate ₹1,106.00 lakh towards purchasing laptops, desktops, SSD, and RAM, enhancing technological infrastructure.
  2. Utilise ₹84.35 lakh to repay or prepay specific borrowings, reducing debt obligations and improving financial flexibility.
  3. Use the remaining ₹1,021.65 lakh in net proceeds for general corporate purposes, including both strategic business growth goals and operational needs.

Peer Details

As per DRHP, the company has 2 listed peers, which are mentioned below:

  • Brisk Technovision Limited.
  • Benchmark Computer Solutions Limited.

How To Check the Allotment Status of the Slone Infosystems Limited IPO?

A: Steps to check IPO allotment status on Angel One’s app:

  1. Log in to the Angel One app.
  2. Go to the IPO Section and then to IPO Orders.
  3. Select the individual IPO that you had applied for and check the allotment status.
  4. Angel One will notify you of your IPO allotment status via push notification and email.

Contact Details of Slone Infosystems Limited IPO

Registered office: Office 203, 2nd Floor, Mohini Heights CHS LTD, 5th RoadKhar West Behind Rajasthan Hotel, Khar Delivery, Mumbai-400052, Maharashtra

Phone: +91-9820324640/9892073899

E-mail:  cs@sloneinfosystems.com

Financial Performance

Particulars As at December 31, 2023 Year ending on March 31, 2023 Year ending on March 31, 2022 Year ending on March 31, 2021
Revenue(Amount in ₹ lakh) 3,434.86 3,077.40 2,659.14 1,157.44
Profit After Tax (PAT) (in ₹ lakh) 284.72 74.66 38.31 27.54
Cash and Cash Equivalents (in ₹ lakh) 387.11 16.59 15.46 8.54
Return on Net Worth (%) 23.98% 35.47% 16.75% 14.52%
Total Borrowing 642.66 681.53 921.15 726.10
EBITDA (in ₹ lakh) 474.66 187.60 135.21 77.27

Know before investing


  1. With an extensive portfolio, Slone Infosystems Limited offers specialised IT solutions, including servers, peripherals, printers, laptops, desktops, and printers for rent. This wide variety promotes customer satisfaction and loyalty by enabling customised solutions to match unique client demands.

  2. The executive team, which is led by Chairman and Managing Director Rajesh Srichand Khanna and Whole Time Director Mohit Rajesh Khanna, has over 28 years of experience in the IT hardware sector. The company's development and successful tactics have been largely attributed to its strategic leadership and entrepreneurial vision.

  3. The company has built solid and long-lasting connections with its clients as a consequence of its dedication to providing high-quality services at a reasonable price. Slone Infosystems Limited is in a good position to take advantage of chances for company optimisation and increased profitability through greater customer satisfaction and engagement because of its history of strong client retention and repeat business.


  1. Since its incorporation in December 2022, Slone Infosystems Limited has had a brief work history, which makes it difficult for investors to assess the company's past performance and potential for the future. The absence of past data might potentially impact investor confidence when evaluating the company's feasibility and growth prospects.

  2. There have been times when the business has filed regulatory forms inadequately, which might lead to fines and other consequences. Noncompliance with regulatory mandates might have a negative effect on the company's financial standing, operations, and reputation.

  3. For its product needs, the company relies on a small number of external suppliers. Delays or inability of suppliers to offer goods at competitive prices may harm Slone Infosystems Limited's company, profitability, and reputation. The company's reliance on outside suppliers makes it more susceptible to changes in the pricing and supply chain.

  • How to Apply in IPO
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Login to Angel One App / Website & click on IPO

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Slone Infosystems Limited IPO FAQs

What is the Slone Infosystems Limited IPO?

Slone Infosystems Limited is a fixed price issue IPO. The IPO is open from Friday, May 3, 2024, to Tuesday, May 7, 2024. The IPO will be listed on NSE SME.

When will the Slone Infosystems Limited IPO be allotted?

The Basis of Allotment will happen on Wednesday, May 8, 2024.

When will Slone Infosystems Limited IPO open for subscription?

The IPO subscription window will open on Friday, May 3, 2024.

What minimum lot size can retail investors subscribe to?

The minimum lot size retail investors can subscribe to is 1 lot, and the lot size is 1600 shares.

When will Slone Infosystems Limited list on exchanges?

The listing date for Slone Infosystems Limited is Friday, May 10, 2024.

What would be the listing gains on the Slone Infosystems Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

I have finished the application process for the Slone Infosystems Limited IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Slone Infosystems Limited IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Slone Infosystems Limited using PAN?

You can submit only one application using your PAN card.