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Slone IPO
Slone Infosystems Ltd
₹1,26,400 /1600 sharesMinimum Investment
Slone IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 3 May ‘24 - 7 May ‘24 | ₹1,26,400 | 1,600 | ₹79 - ₹79 |
| Issue Size | IPO Doc |
|---|---|
| 11.06Cr | RHP PDF |
About Slone
Founded in
2022
Managing director
Mr. Rajesh Srichand Khanna
Parent organisation
Slone Infosystems Ltd
Strengths & Financials of Slone
Strengths
Risks
The company offers a wide range of products and has the capability to provide customized and integrated IT solutions. It supplies customers with a diverse selection of equipment, including laptops, desktops, printers, servers, and various peripherals such as CCTV cameras, projectors, and storage devices, all available for rental.
The company caters to clients across industries and sectors, including logistics, BPO, pharmaceuticals, e-commerce, education, IT, insurance, research, media and entertainment, recruitment, VFX and digital solutions, among others. During the financial year 2021-22, some of its customers included Silicon Rental Solutions Limited, Mangal Compusolution Limited, Sidewalk Systems, Cemtrex Labs, Expert Infotech Pvt. Limited, and Hindustan Computers.
The company reported revenue from operations of Rs. 11 cr, Rs. 25.79 cr and Rs. 30.22 cr in FY 2021, 2022 and 2023 respectively. For the same time periods, it reported Profit after tax of Rs. 0.28 cr. Rs. 0.38 cr and Rs. 0.75 cr respectively.
The company holds ISO certifications, including ISO 45001:2018 for Occupational Health & Safety Management, ISO 27001:2013 for Information Security Management, ISO 14001:2015 for Environmental Management, and ISO 9001:2015 for Quality Management. These certifications reflect the company's commitment to safety, security, environmental responsibility, and quality assurance in its operations.
The company has a relatively short operating history, which could make it challenging for investors to assess its past performance or predict its future prospects.
The company relies heavily on a small number of clients for its revenue. The loss of any of these major clients could have a significant negative impact on its business operations and profitability. For the period ending December 31, 2023, and the financial year ending March 31, 2023, the top ten clients or distributors accounted for approximately 99.29% and 98.44% of the company's revenue from operations, respectively.
The company relies on a limited number of external suppliers to meet its product requirements. Any delay or failure by these suppliers to deliver products at acceptable prices could negatively impact the company's business, profitability, and reputation.
The company reported negative cash flow from operating activities for the period 9 months ending December 31, 2023 of Rs. (2.38) cr.
As of December 31, 2023, the company had outstanding borrowings totaling Rs. 3.92 cr from Canara Bank.
The company typically conducts business with its customers on a purchase order basis and does not enter into long-term contracts with them.
The company’s business operations are majorly concentrated in Maharashtra region.
Slone Financials
*All values are in Rs. Cr
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Application Details of Slone IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹79 - 79 | ₹2 - 5 Lakh |
| High Networth Individual | ₹79 - 79 | ₹2 - 5 Lakh |
For Slone IPO, eligible investors can apply as Regular.