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Silicon Rental Solutions IPO is a fixed price issue of Rs 21.15 crores. The issue is entirely a fresh issue of 27.12 lakh shares.
Silicon Rental Solutions IPO bidding started from September 28, 2022 and ended on September 30, 2022. The allotment for Silicon Rental Solutions IPO was finalized on Thursday, October 6, 2022. The shares got listed on BSE SME on October 10, 2022.
Silicon Rental Solutions IPO price is ₹78 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹124,800. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹249,600.
Hem Securities Limited is the book running lead manager of the Silicon Rental Solutions IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Silicon Rental Solutions IPO RHP for detailed information.
| IPO Date | September 28, 2022 to September 30, 2022 |
| Listing Date | October 10, 2022 |
| Face Value | ₹10 per share |
| Price | ₹78 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 2,712,000 shares (aggregating up to ₹21.15 Cr) |
| Fresh Issue | 2,712,000 shares (aggregating up to ₹21.15 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 136,000 shares |
Silicon Rental Solutions IPO offers 2,712,000 shares. 1,288,000 (47.49%) to NII, 1,288,000 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 136,000 (5.01%) |
| Other Shares Offered | 1,288,000 (47.49%) |
| Retail Shares Offered | 1,288,000 (47.49%) |
| Total Shares Offered | 2,712,000 (100%) |
Silicon Rental Solutions IPO opens on September 28, 2022, and closes on September 30, 2022.
| IPO Open Date | Wednesday, September 28, 2022 |
| IPO Close Date | Friday, September 30, 2022 |
| Basis of Allotment | Thursday, October 6, 2022 |
| Initiation of Refunds | Friday, October 7, 2022 |
| Credit of Shares to Demat | Monday, October 10, 2022 |
| Listing Date | Monday, October 10, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 30, 2022 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹124,800 |
| Retail (Max) | 1 | 1600 | ₹124,800 |
| HNI (Min) | 2 | 3,200 | ₹249,600 |
| Lot Size Calculator | |||
Sanjay Harish Motiani, Kanchan Sanjay Motiani, Anushka Sanjay Motiani and Nikhil Sanjay Motiani are the company promoters.
| Share Holding Pre Issue | 99.79% |
| Share Holding Post Issue | 73.44% |
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.
| 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 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Silicon Rental Solutions IPO is Rs 80.12 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 10.73 |
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
[Dilip Davda] 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...
The Silicon Rental Solutions IPO is subscribed 2.89 times on September 30, 2022 6:59:00 PM. The public issue subscribed 2.92 times in the retail category, times in the QIB category, and 2.85 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.85 |
| Retail | 2.92 |
| Total | 2.89 |
| Listing Date | October 10, 2022 |
| BSE Script Code | 543615 |
| NSE Symbol | |
| ISIN | INE0MNV01014 |
| Final Issue Price | ₹78 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹78.00 |
| ₹80.00 |
| ₹80.00 |
| ₹84.00 |
| ₹84.00 |
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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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 September 28, 2022, and closes on September 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
Visit Zerodha IPO Application Process Review for more detail.
The Silicon Rental Solutions IPO opens on September 28, 2022 and closes on September 30, 2022.
Silicon Rental Solutions IPO lot size is 1600 Shares, and the minimum amount required is ₹124,800.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Silicon Rental Solutions IPO will be done on Thursday, October 6, 2022, and the allotted shares will be credited to your demat account by Monday, October 10, 2022. Check the Silicon Rental Solutions IPO allotment status.
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