Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Silicon Rental Solutions IPO is a fixed price issue of ₹21.15 crores. The issue is entirely a fresh issue of 0.27 crore shares of ₹21.15 crore.
Silicon Rental Solutions IPO bidding started from Sep 28, 2022 and ended on Sep 30, 2022. The allotment for Silicon Rental Solutions IPO was finalized on Oct 6, 2022. The shares got listed on BSE SME on Oct 10, 2022.
Silicon Rental Solutions IPO price is ₹78.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,24,800 (1600 shares). The minimum lot size investment for HNI is 2 lots (3,200 shares), amounting to ₹2,49,600.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Securities Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹78 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 27,12,000 shares (aggregating up to ₹21.15 Cr) |
| Reserved for Market Maker | 1,36,000 shares Hem Securities Ltd. (aggregating up to ₹1.06 Cr) |
| Net Offered to Public | 25,76,000 shares (aggregating up to ₹20.09 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 75,60,000 shares |
| Share Holding Post Issue | 1,02,72,000 shares |
Silicon Rental Solutions IPO offers total 27,12,000 shares. Out of which 12,88,000 (47.49%) allocated to NII, 12,88,000 (47.49%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,36,000 (5.01%) |
| NII (HNI) Shares Offered | 12,88,000 (47.49%) |
| Retail Shares Offered | 12,88,000 (47.49%) |
| Total Shares Offered | 27,12,000 (100.00%) |
Silicon Rental Solutions IPO opens on September 28, 2022, and closes on September 30, 2022.
| IPO Open Date | Wed, Sep 28, 2022 |
| IPO Close Date | Fri, Sep 30, 2022 |
| Tentative Allotment | Thu, Oct 6, 2022 |
| Initiation of Refunds | Fri, Oct 7, 2022 |
| Credit of Shares to Demat | Mon, Oct 10, 2022 |
| Tentative Listing Date | Mon, Oct 10, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 30, 2022 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,24,800 |
| Retail (Max) | 1 | 1,600 | ₹1,24,800 |
| HNI (Min) | 2 | 3,200 | ₹2,49,600 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 ₹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...
| Listing Date | October 10, 2022 |
| BSE Script Code | 543615 |
| NSE Symbol | |
| ISIN | INE0MNV01014 |
| Final Issue Price | ₹78 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹78.00 |
| Open | ₹80.00 |
| Low | ₹80.00 |
| High | ₹84.00 |
| Last Trade | ₹84.00 |
Silicon Rental Solutions Ltd.
5, Mohini Heights, Ground Floor,
Plot No. 579/580, 5th Road,
Khar (West),
Mumbai, Maharashtra, 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
Silicon Rental Solutions IPO is a SME IPO of 27,12,000 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.
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, and the minimum amount required for application is ₹1,24,800.
You can apply in Silicon Rental Solutions IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Silicon Rental Solutions IPO listing date is on Monday, October 10, 2022.
Useful Articles
RHP