Silicon Rental Solutions IPO will open for subscription from 28 September 2022. the company aims for an issue size of ₹21.15 Cr through this IPO.
Silicon Rental Solutions Limited
Incorporated in 2016, Silicon Rentals Solutions Limited is an IT equipment outsourcing company, engaged in providing end-to-end IT equipment on a rental and returnable basis in India. This company provides laptops, desktops, printers, servers, and other peripherals like CCTV cameras, projectors, storage devices, etc., mainly to small, medium, and large corporate.
The company supports enterprises by providing them with the required IT products and equipment of major brands for a short period ranging from 1 day to a longer period up to 36 months based on the customer requirements.
The company provides IT renting services to the client base present in almost 16 states and 3 Union Territories across India. Silicon Rentals Solutions also has a trained and dedicated team of engineers who are capable of providing the support and maintenance of the hired equipment. The company has a registered office located in Mumbai and Branch offices in Pune, New Delhi, and Kolkata.
Basic details about the company
| Full name | Silicon Rental Solutions Limited |
| Sector | Trading |
| Industry | Trading |
| Company Website | https://www.silicongroup1.com/ |
Objects of the Issue
- For Capital Expenditure requirements relating to IT equipment.
- For Issue expenses.
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company.
- General Corporate Purpose.
Dates to remember
| IPO Opening date | 28 September 2022 |
| IPO Closing | 30 September 2022 |
| Basis of Allotment | 06 October 2022 |
| Initiation Refunds | 07 October 2022 |
| Credit to Demat Account | 10 October 2022 |
| Listing Date | 11 October 2022 |
Silicon Rental Solutions IPO Details
| Silicon Rental IPO Date | Sep 28, 2022 to Sep 30, 2022 |
| Silicon Rental Solutions Face Value | ₹10 per share |
| Silicon Rental Solutions IPO Price | ₹78 per share |
| Silicon Rental Solutions Lot Size | 1600 Shares |
| Issue Size | 2,712,000 shares of ₹10 (aggregating up to ₹21.15 Cr) |
| Fresh Issue | 2,712,000 shares of ₹10 (aggregating up to ₹21.15 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Silicon Rental Solutions IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹124,800 |
| Retail (Max) | 1 | 1600 | ₹124,800 |
Silicon Rental Solutions IPO Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Silicon Rental Solutions Financial Performance
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Reserves and Surplus |
|---|---|---|---|---|
| 31-Mar-20 | 1762.25 | 1227.85 | 215.5 | 581.54 |
| 31-Mar-21 | 2236.45 | 1375.65 | 270.39 | 851.93 |
| 31-Mar-22 | 4172.4 | 2467.91 | 746.54 | 1598.47 |
Silicon Rental Solutions Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 3.80 | 4.76 | 12.48 |
| PE ratio | – | – | 6.25 |
| RONW (%) | 36.99 | 31.70 | 43.95 |
| NAV | 10.26 | 15.03 | 28.40 |
| Debt/Equity ratio | 0.62 | 0.64 | 0.98 |
| ROCE (%) | 29.68 | 26.53 | 30.80 |
Company Promoters
- Sanjay Harish Motiani
- Kanchan Sanjay Motiani
- Anushka Sanjay Motiani
- Nikhil Sanjay Motiani
Silicon Rental Solutions Promoter Holding
| Pre Issue Share Holding | 99.79% |
| Post Issue Share Holding | – |
Lead Manager(s)
- Hem Securities Limited
Silicon Rental Solutions IPO Registrar
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai – 400 059
Website: http://www.bigshareonline.com
Email: investor@bigshareonline.com
Phone: +91-22-6263 8200
Fax: +91-22-6263 8299
Company Contact Information
Silicon Rental Solutions Limited
5, Mohini Heights, Ground Floor,
Plot No. 579/580, 5th Road,
Khar (West), Mumbai, 400052
Phone: +91-22-2605-1930
Email: cs@silicongroup1.com
Website: http://www.silicongroup1.com/
Silicon Rental Solutions IPO Allotment Status
Silicon Rental Solutions IPO allotment will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Silicon Rental Solutions IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
