Behind Slone’s Rs 994.7 Million Raise—A Closer Look at What’s Next

Image Source : IPO Base

Slone Infosystems Ltd. has announced plans to raise Rs 994.7 million through a preferential issue of warrants, marking a strategic move to strengthen its capital base and support future growth. The decision was approved by the company’s board and disclosed through regulatory filings.

Key highlights of the fundraising:

The warrants will be issued on a preferential basis to select investors, including promoters and nonpromoter entities.
Each warrant will be convertible into one equity share at a later date, subject to regulatory approvals and payment terms.
The funds raised will be used for capital expenditure, working capital needs, and repayment of certain borrowings.

Strategic context:

Slone Infosystems, incorporated in 2022, specializes in IT hardware solutions including sales, rentals, and servicing of laptops, desktops, servers, and peripherals.
The company has shown rapid growth in FY24, with revenue surging to Rs 343.4 million and profit after tax rising to Rs 28.4 million.
The warrant issue follows its successful SME IPO in May 2024, which was oversubscribed and raised Rs 110.6 million.

Market implications:

The move is expected to improve Slone’s debttoequity ratio and enhance its ability to scale operations across India.
Analysts view the capital infusion as a positive step toward sustaining momentum in the competitive IT hardware and services segment.

With this warrant issue, Slone Infosystems signals its intent to deepen market presence and invest in longterm capabilities.

Sources: Chittorgarh, Bajaj Broking, Bloomberg, NSE India.