Slone Infosystems to Raise ₹994.7 Million via Warrants to Power Expansion and Debt Reduction

Slone Infosystems Ltd. has announced a preferential issue of warrants worth ₹994.7 million, marking a strategic move to bolster its capital base and accelerate growth. The decision was approved by the board and disclosed through regulatory filings, signaling the company’s intent to scale operations and strengthen its financial position.

 

Key highlights:

 

The warrants will be issued to select investors, including promoters and non-promoter entities, and will be convertible into equity shares at a later date.

The capital raised will be deployed toward purchasing IT hardware, expanding rental inventory, and repaying existing borrowings.

This move follows Slone’s successful SME IPO in May 2024, which raised ₹110.6 million and was oversubscribed 667 times.

 

Strategic context:

Incorporated in 2022, Slone Infosystems specializes in IT hardware solutions, offering sales, rentals, and servicing of laptops, desktops, servers, and peripherals.

The company reported a revenue of ₹343.4 million and a profit after tax of ₹28.4 million in FY24, reflecting strong operational momentum.

The warrant issue is expected to improve the debt-to-equity ratio and support expansion into Tier 2 and Tier 3 cities.

 

Market implications:

Analysts view the capital infusion as a positive signal for long-term scalability, especially in India’s fragmented IT hardware market.

The move also aligns with Slone’s strategy to deepen its B2B footprint and enhance service capabilities for enterprise clients.

 

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