Silicon Rental Solutions Limited IPO (Silicon Rental Solutions IPO)

Silicon Rental Solutions Limited IPO
Upcoming Silicon Rental Solutions IPO | New Silicon Rental Solutions IPO

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.

Silicon Rental Solutions IPO DRHP

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

Particulars31 March 202231 March 202131 March 2020
Total Revenue2,467.911,375.651,227.85
Total Expense1,468.491,009.72947.58
Profit Before Tax999.42365.94280.27
Profit After Tax746.54270.39215.50
Amount in ₹ Lakhs

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
issue Object

Silicon Rental Solutions IPO – Details

IPO Opening Date28 September 2022
IPO Closing Date30 September 2022
Issue TypeFixed Price Issue IPO
Issue Size₹21.15 Crore
Face Value₹10 per equity share
IPO Price₹78
Market Lot1600 Shares
Min Order1600 Shares (1 Lot)
Listing AtBSE SME
RegisterBigshare Services Pvt Ltd
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer

Silicon Rental Solutions IPO – Date Schedule

IPO Open Date28 September 2022
IPO Close Date30 September 2022
Basis of Allotment Date06 October 2022
Initiation of Refunds07 October 2022
Credit of Shares to Demat Account10 October 2022
IPO Listing Date11 October 2022

Silicon Rental Solutions IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)
Minimum116001,24,800
Maximum116001,24,800

Silicon Rental Solutions IPO Promoter Holding

Pre Issue Share Holding99.79%
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
Websitehttp://www.silicongroup1.com/

Silicon Rental Solutions IPO Registrar

Bigshare Services Pvt Ltd

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

Silicon Rental Solutions IPO Lead Manager(s)

1. Hem Securities Limited 

Silicon Rental Solutions IPO FAQs

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.
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