Silicon Rental Solutions Limited IPO Detail
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. The 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.
Company Promoters
Sanjay Harish Motiani, Kanchan Sanjay Motiani, Anushka Sanjay Motiani and Nikhil Sanjay MotianIPO Details
| IPO Opening Date | Sep 28, 2022 |
| IPO Closing Date | Sep 30, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹78 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | BSE SME |
| Issue Size | ₹21.15 Cr |
| Fresh Issue | ₹21.15 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 2.85x | 2.92x | 2.89x |
IPO Tentative Timetable
The Silicon Rental Solutions Limited IPO open date is Sep 28, 2022, and the close date is Sep 30, 2022. The issue may list on Oct 11, 2022.
| IPO Open Date | Sep 28, 2022 |
| IPO Close Date | Sep 30, 2022 |
| Basis of Allotment Date | Oct 06, 2022 |
| Initiation of Refunds | Oct 07, 2022 |
| Credit of Shares to Demat Account | Oct 10, 2022 |
| IPO Listing Date | Oct 11, 2022 |
IPO Lot Size
The Silicon Rental Solutions Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹124800).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹124800 |
| Maximum | 1 | 1600 | ₹124800 |
IPO Promoter Holding
| Pre Issue Share Holding | 99.79% |
| Post Issue Share Holding | 73.44% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-20 | 1762.25 | 1227.85 | 215.5 |
| 31-Mar-21 | 2236.45 | 1375.65 | 270.39 |
| 31-Mar-22 | 4172.4 | 2467.91 | 746.54 |
Objects of the Issue:
The company intend to utilize the proceeds of the Issue to meet the following objects: -
1. To meet Capital Expenditure requirements relating to IT equipment
2. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company
3. General Corporate Purpose
4. Issue expenses
Silicon Rental Solutions Limited IPO Registrar:
Bigshare Services Pvt Ltd
Silicon Rental Solutions Limited IPO Lead Manager(s):
Hem Securities Limited
Company Contact Information:
Silicon Rental Solutions Limited
5, Mohini Heights, Ground Floor,
Plot No. 579/580, 5th Road,
Khar (West), Mumbai, 400052
