Slone Infosystems shares list at 50% premium on NSE SME platform
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After receiving a bumper response to the IPO, the shares of Slone Infosystems listed with a premium of 50% on the NSE SME platform. The stock was listed at Rs 118.50 as against an issue price of Rs 79. Ahead of the debut, the company's shares traded with a premium of Rs 40 in the unlisted market. The IPO, which was completely a fresh equity issue of 14 lakh shares, received an overall subscription of over 600 times at close, driven by strong interest from non-retail investors. The net proceeds from the public offer will be used for capital expenditure, repayment of debt, working capital requirements and other general corporate purposes. Also Read: Aadhar Housing Finance IPO fully booked on Day 2. Check subscription, GMP and other detailsSlone Infosystems is an IT hardware solutions company, engaged in selling and renting of IT equipment and in providing IT service solutions in India.It deals in selling and renting of IT equipment like...