About
Slone Infosystems Limited is launching its IPO. The offer opens for subscription on May 03, 2024, and will close on May 07, 2024.
Disclaimer: This stock will trade with a lot size of 1600 shares in the SME segment on listing.
What does Slone Infosystems Limited do?
Founded in 1999 as a sole Proprietorship and Incorporated in December 2022, Slone Infosystems Limited is an IT hardware solutions Company, engaged in selling and renting IT Equipment and providing IT Service Solutions in India. The company sells and rents IT equipment like laptops, desktops, servers, and stations, and also provides IT solution services like managing cloud servers and servicing IT equipment to corporates. In addition, They also sell used IT equipment to clients as per their requirements.
The Business operates in segments, viz.:
- Sale of Laptop, Computer & Computer Peripherals
- Sale of other IT-related products
- IT Service solutions; and
- Rental Services
Schedule/Timeline of Slone Infosystems Limited IPO
| Issue Period | 3rd May to 7th May 2024 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | May 08, 2024 |
| Initiation of Refunds | May 09, 2024 |
| Credit of Shares | May 09, 2024 |
| Date of Listing | May 10, 2024 |
| Mandate end date | May 22, 2024 |
| Anchor Investors Lock-In End Date (50% of the investment) | June 08, 2024 |
| Anchor Investors Lock-In End Date (Remaining investment) | August 08, 2024 |
Note: Given that the above schedule is tentative, it should be noted that the anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares, and 90 days after for the remaining portion.
How do I apply to the Slone Infosystems Limited IPO?
You can apply for the Slone Infosystems Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
Where do I check the allotment status for Slone Infosystems Limited IPO?
You can check the allotment status for the Slone Infosystems Limited IPO on the website of the Registrar and Transfer agent.
Alternatively, you can also check the allotment status on the NSE website.