Slone Infosystems IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

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Slone Infosystems Limited IPO GMP

Slone Infosystems has been a premier destination for IT hardware solutions since 1999. They take pride in offering a curated selection of top-tier brands and products that reflect their commitment to quality and innovation. Their dedication to staying ahead of the technology curve ensures that they have access to the latest and most reliable IT hardware.

Slone Infosystems is coming up with an IPO to raise funds from the public based on the Fixed Price Issue. The Issue Size of the IPO is ₹11.06 Crores comprising of entirely fresh issue of 14,00,000 equity shares. Slone IPO opens on 3rd May 2024 and closes on 7th May 2024 for the subscription.

Slone Infosystems IPO allotment is expected to be finalized on 8th May 2024. Slone IPO will be listed on BSE SME for Commencement of trading of the Equity Shares on the Stock Exchange on 10th May 2024.

Slone Infosystems IPO issue price is ₹ 79 Per Equity Share. The minimum lot size for an application is 1600 equity shares and the minimum amount of investment required to subscribe Slone IPO under the Retail Category ₹ 1,26,400. The minimum lot size for an application is 3200 equity shares and the minimum amount of investment required to subscribe to Slone Infosystems IPO under the HNI Category ₹ 2,52,800.

Refer to Slone Infosystems Ltd. RHP for more details about the company and the IPO.

Objectives of Slone Infosystems IPO

Slone Infosystems intends to utilize the Proceeds of the Issue to meet the following objects:
1. Capital Expenditure towards purchase of Laptops, Desktops, SSD and RAM.
2. Repayment/prepayment of certain borrowings availed by the Company.
3. General Corporate Purpose.