How To Check Slone Infosystems IPO Allotment Status

Slone Infosystems IPO witnessed robust demand, with investors subscribing to 86.25 crore equity shares against the offer size of 14 lakh equity shares on the last day of bidding, May 7. Slone Infosystems IPO allotment status is set to finalise today.

If you applied for the IPO, here is how you can check the Slone Infosystems IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the Slone Infosystems IPO allotment status

  1. Visit the registrar's website.
  2. Click on "Company Selection" and choose "Slone Infosystems" from the dropdown menu.
  3. Enter your PAN, application number, or Demat.
  4. Enter Captcha and click ‘Search' to retrieve your Slone Infosystems IPO allotment status.

The Slone Infosystems IPO allotment status will be visible if all the details are entered correctly and the allotment has been finalised.

See Also: Tata Stock Tanks 9% After Q4: Why Brokerages Are Divided

Slone Infosystems IPO Subscription Status

Both non-institutional investors and qualified institutional buyers showed significant interest in the issue, subscribing to 756 times the reserved portion. Retail investors also demonstrated strong participation, subscribing to 541.5 times the allotted quota.

Slone Infosystems IPO Details

The Mumbai-based company’s public issue, amounting to ₹11.06 crore, opened on May 3, featuring only a fresh issue component. Priced at ₹79 per share in a fixed price issue, the IPO proceeds will primarily fund the purchase of laptops, desktops, SSD, and RAM, alongside debt repayment and general corporate purposes.

Slone Infosystems is set to finalize the basis of allotment for IPO shares by May 8, with equity shares scheduled to be credited to the demat accounts of eligible investors by May 9. Trading in its equity shares will commence on the NSE Emerge platform starting May 10.

Read Next: Indegene IPO Day 3: Subscription At 9.54x, GMP Stable

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Posted In: NewsIPOsSlone Infosystems