What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Slone Infosystems Limited IPO allotment date?

The basis of allotment for Slone Infosystems Limited IPO is scheduled to be finalized on 8 May 2024.

Where can I check Slone Infosystems Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Kfin Technologies Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 9 May 2024.

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Grey Market Intelligence

Slone Infosystems Limited

ListedSME

Information Technology · NSE

Slone Infosystems Limited, founded in December 2022, is a growing name in India's IT sector, offering a wide range of hardware and IT services. The company provides laptops, desktops, servers, and workstations for both sale and rental, catering to corporate clients. It also offers IT solutions like cloud server management and equipment servicing. Committed to quality and security, Slone Infosystems holds ISO certifications in key areas such as safety, information security, environmental management, and quality control. With a team of 8 permanent and 6 contractual employees as of April 2024, the company continues to deliver reliable and innovative IT solutions.

Price Band

₹79

Issue Size

₹11.06 Cr

Lot Size

1600 shares

GMP

₹45

+57.0%

Est. Listing

₹124

at current GMP

Subscribed

648.30x

overall

Open

3 May 2024

7 May 2024

Allotment

8 May 2024

Refund

9 May 2024

Demat Credit

10 May 2024

Listing

10 May 2024

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Slone Infosystems Limited Allotment Status

Designated Registrar: Kfin Technologies Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

8 May 2024

Basis finalization

Refunds Initiate

9 May 2024

Mandate release

Demat Credit

10 May 2024

Shares in demat

Listing Debut

10 May 2024

Trading begins

About Slone Infosystems Limited Public Issue & Market Profile

Slone Infosystems Limited is bringing an initial public offering (IPO) in the Information Technology sector with an aggregate issue size of ₹11.06 Crores. The shares are offered at a price band of ₹79 to ₹79 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Allotment Procedure:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Official Allotment Timelines & Registrar Guidance:

Following the close of bidding on 2024-05-07, the basis of allotment is scheduled to be finalized on 2024-05-08. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Kfin Technologies Limited) or the BSE allotment checking window.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.

Slone Infosystems Limited

Slone Infosystems Limited Allotment Status

How to Check Slone Infosystems Limited IPO Allotment Status

About Slone Infosystems Limited Public Issue & Market Profile

Frequently Asked Questions

What if my name is not showing on the registrar portal?

How will I receive the refund if I don't get allotment?