Slone Infosystems Ltd - IPO

Slone Infosystems Ltd IPO Details

Initial public issue of 14,00,000 equity shares of face value of Rs. 10 each (Equity Shares) of Slone Infosystems Limited (the Company) for cash at a price of Rs. 79 per equity share (including a share premium of Rs. 69 per equity share) (the Issue Price), aggregating upto Rs. 11.06 crores (The Issue), of which 70,400 equity shares of face value of Rs. 10 each for cash at a price of Rs. 79 per equity share, aggregating to Rs. 0.56 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The issue less market maker reservation portion i.e. issue of 13,29,600 equity shares of face value of Rs. 10 each for cash at a price of Rs. 79 per equity share, aggregating to Rs. 10.50 crores is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 26.57 % and 25.23 % respectively of the fully diluted post issue paid up equity share capital of the company. The face value of the equity shares is Rs. 10 each and the issue price of Rs. 79 is 7.9 times of the face value of the equity shares.

Objective of issue

Capital expenditure towards purchase of Laptops Desktops SSD & RAM. Repayment/prepayment of certain borrowings availed by the company. General corporate purposes.

Slone Infosystems Ltd Contact Details

Slone Infosystems Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

Phone - 91-40-67162222

Fax - 91-40-23001153/23420814

Email - cs@sloneinfosystems.com

Website - www.sloneinfosystems.com