Slone Infosystems share price makes a bumper debut, stock opens with 50% premium at ₹118.50 apiece on NSE SME

The Slone Infosystems IPO subscription play began connected Friday, May 3, and closed connected Tuesday, May 7. The Slone Infosystems IPO terms band was established astatine ₹79, with each equity stock having a look worth of ₹10. There were 1,600 shares offered successful a batch size for the Slone Infosystems IPO. Multiples of 1,600 were utilized to taxable applications for equity shares, with a minimum of 1,600 shares required.  Slone Infosystems IPO subscription presumption was 667.81 times connected the 3rd day. 

The prospectus describes Slone Infosystems arsenic an IT hardware solutions institution that sells and rents IT instrumentality successful summation to offering IT work solutions successful India. In summation to selling and renting retired IT hardware, specified arsenic workstations, servers, laptops, and desktops, the steadfast besides provides IT solution services, specified arsenic unreality server absorption and firm IT instrumentality maintenance.

The institution works successful a assortment of concern sectors, including renting retired computers, selling different IT-related goods, and offering IT work solutions successful summation to laptops, PCs, and machine accessories.

The company's listed peers are Brisk Technovision Ltd. (P/E of 14.61) and Benchmark Computer Solutions Ltd. (P/E of 0.03), according to the prospectus.

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 objectives of the existent equity stock merchantability are the company's wide concern purposes, the repayment oregon payback of immoderate of its debts, and superior expenditures for the acquisition of laptops, desktop computers, SSDs, and RAM.

The Slone Infosystems archetypal nationalist offering (IPO) is being registered by Kfin Technologies Limited, with Jawa Capital Services Private Limited serving arsenic the publication moving pb manager. For the Slone Infosystems IPO, Aftertrade Share Broking is serving arsenic the marketplace maker.

Slone Infosystems IPO GMP today

Slone Infosystems IPO GMP oregon grey marketplace premium is +45. This indicates Slone Infosystems stock terms were trading astatine a premium of ₹45 successful the grey market, according to investorgain.com.

The estimated terms astatine which Slone Infosystems shares would database is ₹124 per share, 56.96% 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.

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: 10 May 2024, 10:01 AM IST