Slone Infosystems Limited IPO Message Board (Page 4)

Hi every one. New here. I have a question. While applying for SME IPO, one should apply at cut-off price or not?

Always go for cut-off while applying in Retail category

As of April 2024, the company has 8 employees on its payroll and six contractual employees.

Only block -unblock game so avoid to it

Looks like most people got the funds unblocked from other 3 IPOs and started putting them here which explains sudden rise in numbers in last few hours.

See who the promoter is

It's Rajesh Khanna

Just for fun

Finally Rajesh Khanna rewarded with 50 % listing gain :)

Expected subscription will be more than 250 times …. Again allotment will be difficult…. But, we will try our luck here as well… Thanks

​@Nitin oswal It will never cross 800 times here. Plz look at current subscription figure.

@ palka @ simply hni 756+ public k pass bohat paisa he block unblock game khelne k liye

Avoid due to fund issue.

​@CL BASSI Ji funds will be released of ipo closing on 3rd may before this ipo closure.

Will this Rajesh Khanna company be a superstar too.....?

Retailer becoming pushpa ,
Main Jhukega Nahi
Once stock starts dipping comes Rajesh Khanna

Pushpa, mujhse ye aansu nahi dekhe jaate, I hate tears

On a preliminary view:

LM is a new entrant, taking clues from MM can expect similar listing like GConnect meaning 10-12% listing gains.

Business wise appears not so unique. Margins are similar to peer Brisk and so is the asking price. Negative operating cash flows, rise in inventories despite higher sales but still no use of funds for working capital is not suiting well. Even the holding days for inventories are not mentioned anywhere.

Issue proceeds are to be used to acquire "inventory" which is somehow termed as "Capex" ?!, Why I say this because their rental stream of revenue is yet to take off and the validity of their quote from the suppliers is of June 2024, meaning they will have to acquire all "Capex" in a short span and if just for once we assume not all of the same won't be rented out in one go means the capex is already depreciating without adding any value to the company since it is already ready to use.

Markets are unlikely to give such counters a PE more than 15-18 given the sub 15% EBITDA, until something dramatic happens post listing which is likely to remain subdued

I do not see any similarity in the business of Slone with Koura or Vaarya. Slone is in IT space whereas other two deal in jewellery.​@Simply Vicky

biggest buyer of their systems is Silicon Rental Solutions Ltd. 81% of Sales in for 22-23 and 62% of sales for 9 months Dec23. Promoters of Silicon are Shareholders in Saloni.

Just 8 employees !!