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Silicon Rental Solutions Limited IPO (Silicon Rental Solutions IPO) Detail

Sep 28, 2022 - Sep 30, 2022

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 Financials

Silicon Rental Solutions Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxReserves and Surplus
31-Mar-201762.251227.85215.5581.54
31-Mar-212236.451375.65270.39851.93
31-Mar-224172.42467.91746.541598.47
Amount in ₹ Lakhs

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 IPO Details

Silicon Rental Solutions IPO Date Sep 28, 2022 to Sep 30, 2022
Silicon Rental Solutions IPO Face Value ₹10 per share
Silicon Rental Solutions IPO Price ₹78 per share
Silicon Rental Solutions IPO Lot Size 1600 Shares
Issue Size2,712,000 shares of ₹10
(aggregating up to ₹21.15 Cr)
Fresh Issue2,712,000 shares of ₹10
(aggregating up to ₹21.15 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Company Promoters

Sanjay Harish Motiani, Kanchan Sanjay Motiani, Anushka Sanjay Motiani and Nikhil Sanjay Motiani are the company promoters.

Silicon Rental Solutions IPO Timeline (Tentative Timetable)

Silicon Rental Solutions IPO opens on Sep 28, 2022, and closes on Sep 30, 2022. The Silicon Rental Solutions IPO bid date is from Sep 28, 2022 10.00 A.M. to Sep 30, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Silicon Rental Solutions IPO Opening Date Sep 28, 2022
Silicon Rental Solutions IPO Closing Date Sep 30, 2022
Basis of Allotment Oct 6, 2022
Initiation of Refunds Oct 7, 2022
Credit of Shares to Demat Oct 10, 2022
Silicon Rental Solutions IPO Listing Date Oct 11, 2022

Silicon Rental Solutions IPO Lot Size

The Silicon Rental Solutions IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹124,800).

Application Lots Shares Amount
Retail (Min) 1 1600 ₹124,800
Retail (Max) 1 1600 ₹124,800

Silicon Rental Solutions IPO Promoter Holding

Pre Issue Share Holding 99.79%
Post Issue Share Holding 73.44%

Silicon Rental Solutions IPO Review

SRSL is operating in a highly competitive segment. Based on FY22 super earnings, the issue appears fully priced. Higher spending for IPO raises concerns. Risk seeker/cash surplus Investors may consider an investment with a medium to long-term perspective. Read detail review...

Silicon Rental Solutions IPO Prospectus

Silicon Rental Solutions IPO Rating

29
2.9
Rating:Rated 2.9 stars
Vote Here ...

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 Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Silicon Rental Solutions IPO Review

Silicon Rental Solutions IPO Recommendation Summary

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Silicon Rental Solutions IPO FAQs

Silicon Rental Solutions IPO is a SME IPO of 2,712,000 equity shares of the face value of ₹10 aggregating up to ₹21.15 Crores. The issue is priced at ₹78 per share. The minimum order quantity is 1600 Shares.

The IPO opens on Sep 28, 2022, and closes on Sep 30, 2022.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Silicon Rental Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Silicon Rental Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Silicon Rental Solutions IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Silicon Rental Solutions IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Silicon Rental Solutions IPO opens on Sep 28, 2022 and closes on Sep 30, 2022.

Silicon Rental Solutions IPO lot size is 1600 Shares and the minimum order quantity is .

You can apply in Silicon Rental Solutions IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Silicon Rental Solutions IPO will be done on Oct 6, 2022, and the allotted shares will be credited to your demat account by Oct 10, 2022. Check the Silicon Rental Solutions IPO allotment status.

The Silicon Rental Solutions IPO listing date is not yet announced. The tentative date of Silicon Rental Solutions IPO listing is Oct 11, 2022.
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