Slone Infosystems Ltd. has announced public offering of 1400000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 69.00 per share. The gross proceeds of the issue are expected to be Rs 1,106.00 lakhs.

The company's initial public offer (IPO) will open on 03 May 2024 and is expected to close on 07 May 2024, subject to customary closing conditions.

The IPO includes a fresh Issue of 1400000 Equity Shares of the Company at an price of Rs 79.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

Slone Infosystems Ltd. anticipates using the proceeds of the issue for .

Jawa Capital Services Pvt. Ltd. as lead manager & KFin Technologies Ltd. is the registrar, to the issue.