Silicon Rental Solutions Limited IPO Message Board (Page 2)

Held well

Good calculation.
Could you share your thoughts on fy 22 3x profit growth, as it seems non sustainability of such margin in future.

Otherwise valuation is very fair and peers are also absent so could be Monopoly listed company.

Actually, FY18 to FY22 annual results are avaialble on its website.
Revenue/Profit/Depreciation/Fixed Asset/Total Asset are
FY17 - 7Cr/83Lac/2.08Cr/3.85Cr/5.9Cr
FY18 - 6.4Cr/12Lacs/3.54Cr/4.76Cr/10.36Cr
FY19 - 8.4Cr/63Lacs/4.32Cr/5.74Cr/15.66Cr
FY20 - 12.3Cr/1.86Cr/5.52Cr/7.64Cr/22Cr
FY21 - 13.75Cr/2.32Cr/6.40Cr/10.45Cr/31Cr
FY22 - 24.6Cr/7.5Cr/8.00Cr/26Cr/54Cr
(There may be some errors in above data while taking it).
It can be seen that in last 6 years they have been growing exponentially. Last year's revenue grew more as they took a loan of around 8Cr from Stanchart and Kotak bank on March 21 and they invested it again to purchase more laptops/computer. Profit grew 3 times as their other expense (salaries/repair cost/rent/electricity etc) is just growing by 10-20 times while they grow revenue to double which makes sense as well.
May calculation for FY23 is again based on the fact that they took a new loan of 8Cr from Stanchart in March 22 which they would have invested in purchasing laptops/computers. and now 8.5Cr from IPO proceeds will again be invested in purchasing laptops/computers. So I think for FY23 it will again be exponential growth.

I got 2 lots (2/5). Good luck to everyone for super listing. I am expecting this company to perform good in the medium to long term.

All the best @Mravi sir , NaveenM and others for good listing....i am allotted 1 lot here from 2 retail applications

All the best @MRavi , Lokes, Naveen and all other allotees. I will get mostly one from 3lots application.

@lokes@MRavi Congratulations on the allotment.

0/1 retail 0/1 Hni (had applied 2 lots)
Congrats all allottees

Where to check? https://ipo2.bigshareonline.com/IPO_Status.html do not list it!
Thanks for letting me know!

@CB,
Allotment details is not published in their site.
Bank has send message/debited/unblocked

Mark my word ... this silicon is a bad company... it will become nightmare for investors.
Why I am telling this
1. Very bad customer reviews (check online yourself)
2. Manipulation in financial data.

Yes got 1/2 retail as expected.

@MRavi.....got 1/1 in silicon
Got 1/3 in cargsol
Thanks a lot u wished me luck

@arya how financial is manipulated?
Even inflated profit SMEs are doing far well and this company has very good profit margin and buisness.

Mravi sir congratulations.
I have allotted 1/1 after long time in sme.
Hold or sell please advise.
Thanks

got 1/3 in my first ever sme allotment.

0/2 - hni
1/1 - retail

Still wondering, not alloted in Hni with such less subscription as well. Bad luck continues 😕

Allotted.
But I think upstox have very poor allotment ratio.
Which is your broker ?

@svh
Zerodha
I don't think broker is matter here as all they see is Demat account number.

You got allotment via UPI mandate? how many application u applied?

Yes , allotted through UPI mandate. 2/3
Now I think this both Ids are the victims of partiality by registrar.
120816 zerodha & 120818 upstox

@svh
if you got 2/3 allotment, then how it is partiality?

Because in upstox account I'm not allotted any of the ongoing smes.

@svh
Do you always apply via UPI mandate? how often you get allotment? do you feel when u apply via UPI mandate you mostly don't get any allotment?

Same here 0/4 retail application, very unlucky

@Anil Mwt
UPI Mandate or ASBA?

@ Options Trader , Yes I often get allotment through UPI mandate but most of the time I'm allotted in full service broker account.

I received UM8 error.
UM8 and UM9 error means banks failed to revoke the UPI Mandate.
They will try it again to revoke before expiry date mentioned in respective IPO.

After expiry period we will be forced to force the bank to take some step to revoke and unblock.

How can we know for which IPO this type of error happened?