Slone Infosystems IPO: Issue subscribed over 62 times on day 2, so far, retail portion sees robust demand; check GMP

According to the prospectus, Slone Infosystems is an IT hardware solutions steadfast that provides IT work solutions successful India successful summation to selling and renting IT equipment. The institution sells and rents IT equipment, including laptops, desktops, servers, and workstations, and it besides offers IT solution services, specified managing unreality servers and offering corporates IT instrumentality repair.

The steadfast operates successful galore concern segments, specified arsenic providing rental services, selling antithetic IT-related products, and providing IT work solutions successful summation to laptops, PCs, and machine accessories.

The prospectus states that Brisk Technovision Ltd. (P/E of 14.61) and Benchmark Computer Solutions Ltd. (P/E of 0.03) are the company's listed peers, with a P/E of 19.51.

The company's nett aft taxation (PAT) accrued by 94.88% betwixt March 31, 2022, and March 31, 2023, contempt a 15.73% summation successful revenue.

Slone Infosystems IPO subscription status

Slone Infosystems IPO subscription presumption is 62.20 times, connected time 2, truthful far.

The retail information has been subscribed 102.86 times, and NII information has been booked 21.33 times.

The institution has received bids for 8,27,04,000 shares against 13,29,600 shares connected offer, astatine 15:29 IST, according to information connected chittorgarh.com.

On time 1, the subscription presumption was 20.68 times.

Slone Infosystems IPO details

The astir ₹11.06 crore Slone Infosystems IPO comprises of a caller issuance of 14,00,000 equity shares having a look worth of ₹10. There is nary offer-for-sale component.

The firm's wide concern purposes, the repayment oregon payback of immoderate of its loans, and superior expenditures for the acquisition of laptops, desktop computers, SSDs, and RAM are the goals of the contiguous equity stock sale.

Kfin Technologies Limited is the registrant of the Slone Infosystems IPO, portion Jawa Capital Services Private Limited is the publication moving pb manager. Aftertrade Share Broking is acting arsenic the marketplace shaper for the Slone Infosystems IPO.

The Slone Infosystems IPO ground for stock allocation is tentatively scheduled to beryllium finalised connected Wednesday, May 8. The concern volition commence reimbursements connected Thursday, May 9, and the shares volition beryllium deposited to the allottees' demat relationship the aforesaid time arsenic the refund. Slone Infosystems stock terms is apt to beryllium listed connected NSE SME connected Friday, May 10.

Slone Infosystems IPO GMP today

Slone Infosystems IPO GMP oregon grey marketplace premium is +70. This indicates Slone Infosystems stock terms were trading astatine a premium of ₹70 successful the grey market, according to investorgain.com.

The estimated terms astatine which Slone Infosystems shares would database is ₹149 per share, 88.61% much than the IPO terms of ₹79, aft accounting for the precocious extremity of the IPO pricing scope and the existent premium connected the grey market.

Today's IPO GMP indicates higher and anticipates a coagulated listing based connected the enactment of the grey marketplace implicit the past 10 sessions. Analysts astatine investorgain.com estimation that the lowest GMP is ₹20 and the maximum GMP is ₹70.

Grey marketplace premium' indicates investors' readiness to wage much than the contented price.

Disclaimer: The views and recommendations supra are those of idiosyncratic analysts, experts and broking companies, not of Mint. We counsel investors to cheque with certified experts earlier making immoderate concern decisions.

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Published: 06 May 2024, 03:41 PM IST