Silicon Rental Solutions IPO Details & Guidance

Silicon Rental IPO Listing information
Listed on 10 October 2022
Issue price Rs. 78
Listed at Rs. 80
High of Rs. 84
Closed at Rs. 84

Grey Market News for Silicon Rental Solutions IPO #
On 10 October 2022, click

Silicon Rental Solutions IPO Subscription Status
On 30 September 2022 @ 5.00 pm
NII 50%  12,88,000 Shares: 2.85T
RII 50%  12,88,000 Shares: 2.92T
Total     25,76,000 Shares: 2.89 T

Silicon Rental Solutions IPO Details
IPO Dates   28-09-2022 to 30-9-2022
Face Value  Rs 10 per share
IPO Price    Rs 78 per share
Lot            1600 Shares
Issue Size  27,12,000 shares of Rs 10
Issue           Rs 21.15 Cr)
# Fresh Issue 27,12,000 shares of Rs 10/Rs 21.15 Cr
# Offer for Sale – shares of Rs 10/ Rs – Cr
Issue Type Book Built IPO
Listing At BSE SME
Objects of the IPO
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

Retail Offer: 50 % / 12,88,000 Shares
RII Min. Application: 1,600 Shares, Rs. 1,24,800
RII Max. Application: 1,600 Shares, Rs. 1,24,800
805 Applications required for onetime RII-subscriptions.

Silicon Rental Solutions IPO Timetable 
IPO Opening Date:  28 September 2022
IPO Closing Date:    30 September 2022
Basis of Allotment:    6 October 2022
Initiation of Refunds: 7 October 2022
Credit of Shares to Demat A/cs: 10 October 2022
IPO Listing Date:  11 October 2022

Silicon Rental Solutions Business:
Silicon Rental Solutions is an IT equipment outsourcing company, engaged in providing end to end IT equipments on a rental and returnable basis in India. It provides laptops, desktops, printers, servers and other peripherals like CCTV cameras, projectors, storage devices etc. on rental basis mainly to small, medium and large corporate. Based on the client’s IT requirements, it offers them tailor-made rental schemes that suit their requirements. By providing the IT rental services to its customers, it provides them with the flexibility and advantage to acquire the requisite equipment that they need to maximize their productivity without compromising their IT budget.

In addition, it also sells the used IT equipment to clients as per their requirements. In Fiscal 2022, revenue generated from rental services and sale of used IT equipment represented 92.81% and 7.19% of the total revenue in such period, respectively.
It believes that the rapidly transforming technology and increased digitalization has made a robust IT infrastructure mandatory for companies to operate efficiently.
For providing seamless services to its customers and to cater its customer’s diverse requirements it carry stocks of latest models of Laptops, desktops, Servers, Mac books, and other IT equipment and also provide them the choice of equipment’s from all major brands like HP, Dell, Lenovo, Apple, Asus, Intel, AMD, Gigabyte, Sonicwall, Dlink, Cisco etc.
For more information about the company, Click Website: http://www.silicongroup1.com/

Business Summary: 
Promoters of Silicon Rental Solutions
Sanjay Harish Motiani, Kanchan Sanjay Motiani, Anushka Sanjay Motiani and Nikhil Sanjay Motiani

Registered office of Silicon Rental Solutions
5, Mohini Heights, Ground Floor, Plot No. 579/580, 5th Road, Khar (West), Mumbai, 400052
Company Secretary and Compliance Officer: Mr. Shobhan Gupta

Lead Manager of Silicon Rental Solutions
Hem Securities ltd
Registrar to the IPO of Silicon Rental Solutions
Bigshare Services Pvt. Ltd.

SME IPO Financial & Analytical Ratios#
Total Income 2019-20             Rs 12.28 Cr
Total Income 2020-21             Rs 13.76 Cr
Total Income 2021-22             Rs 24.68 Cr
Net Profit 2019-20                  Rs 2.16 Cr
Net Profit 2020-21                  Rs 2.70 Cr
Net Profit 2021-22                  Rs 7.47 Cr
Earnings per Share 2019-20   Rs 3.80
Earnings per Share 2020-21   Rs 4.76
Earnings per Share 2021-22   Rs 12.48 
Return on Net Worth: 19-20: 36.99 %
Return on Net Worth: 20-21: 31.70 %
Return on Net Worth: 21-22: 43.95 % 
Book Value of the Share as on 31.03.22 Rs 28.40
NAV after the IPO Rs. –
Offer Price Rs. (?)

IPO Peer Comparison:
There are no listed companies in India that are engaged in a business similar to that of this company accordingly it is not possible to provide an industry comparison in relation to the company.

Observation by Paresh Gordhandas (Research Analyst)

Will be updated soon

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