Silicon Rentals Solutions Limited is an IT equipment outsourcing company engaged in providing complete IT equipment on rental and return basis in India. The company provides laptops, desktops, printers, servers and other peripherals such as CCTV cameras, projectors, storage devices, etc. mainly to small, medium and large companies.
The company supports businesses by providing them with the required IT products and equipment of major brands for a short period from 1 day to a longer period of up to 36 months according to the customer’s requirements.
The company provides IT rental services to a client base in nearly 16 states and 3 union territories across India. Silicon Rentals Solutions also has a trained and dedicated team of engineers who are able to provide support and maintenance for the rental equipment.
The company has its registered office in Mumbai and branches in Pune, New Delhi and Kolkata.
Competitive Strengths
- Wide range of offerings with capability to provide customized and integrated IT solutions
- Wide presence in domestic Market with diverse base of customers
- Experienced management and operational team
- Long standing relationship with customers
- Proven track record of strong financial performance
Company Promoters
- Sanjay Harish Motiani
- Kanchan Sanjay Motiani
- Anushka Sanjay Motiani
- Nikhil Sanjay Motiani
Company Financials
| Particulars | 31 March 2022 | 31 March 2021 | 31 March 2020 |
|---|---|---|---|
| Total Revenue | 2,467.91 | 1,375.65 | 1,227.85 |
| Total Expense | 1,468.49 | 1,009.72 | 947.58 |
| Profit Before Tax | 999.42 | 365.94 | 280.27 |
| Profit After Tax | 746.54 | 270.39 | 215.50 |
Object Of The Issue
- To meet Capital Expenditure requirements relating to IT equipment
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company
- General Corporate Purpose
- Issue expenses
Silicon Rental Solutions IPO – Details
| IPO Opening Date | 28 September 2022 |
| IPO Closing Date | 30 September 2022 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | ₹21.15 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹78 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Bigshare Services Pvt Ltd |
| Retail Shares Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 50% of the net offer |
Silicon Rental Solutions IPO – Date Schedule
| IPO Open Date | 28 September 2022 |
| IPO Close Date | 30 September 2022 |
| Basis of Allotment Date | 06 October 2022 |
| Initiation of Refunds | 07 October 2022 |
| Credit of Shares to Demat Account | 10 October 2022 |
| IPO Listing Date | 11 October 2022 |
Silicon Rental Solutions IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 1600 | 1,24,800 |
| Maximum | 1 | 1600 | 1,24,800 |
Silicon Rental Solutions IPO Promoter Holding
| Pre Issue Share Holding | 99.79% |
| Post Issue Share Holding | – |
Silicon Rental Solutions IPO Prospectus
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 Lead Manager(s)
| 1. Hem Securities Limited |
Silicon Rental Solutions IPO FAQs
| What is Silicon Rental Solutions IPO? Silicon Rental Solutions IPO is a SME IPO. The issue is priced at ₹78 per equity share. The IPO is to be listed on BSE SME. |
| When Silicon Rental Solutions IPO will open? The IPO is to open on 28 September 2022 for NII and Retail Investors. |
| What is Silicon Rental Solutions IPO Investors Portion? The investors’ portion for NII-50%, and Retail 50%. |
| How to Silicon Rental Solutions IPO? You can apply Silicon Rental Solutions IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Silicon Rental Solutions IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Silicon Rental Solutions”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Silicon Rental Solutions IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Silicon Rental Solutions”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Silicon Rental Solutions IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Silicon Rental Solutions”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Silicon Rental Solutions IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “Silicon Rental Solutions”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Silicon Rental Solutions IPO Size? Silicon Rental Solutions IPO size is ₹21.15 crores. |
| What is Silicon Rental Solutions IPO Price Band? Silicon Rental Solutions IPO Price Band is ₹78. |
| What is Silicon Rental Solutions IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,24,800 amount while the maximum bid is 1600 shares with ₹1,24,800. |
| What is the Silicon Rental Solutions IPO Allotment Date? Silicon Rental Solutions IPO allotment date is 06 October 2022. |
| What is the Silicon Rental Solutions IPO Listing Date? Silicon Rental Solutions IPO listing date is 11 October 2022. The IPO is to list on BSE SME. |
