Fixed Price IPO | ₹21 Cr | Listed at BSE SME | Wed, Sep 28, 2022 - Fri, Sep 30, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Sep 28, 2022
IPO Close
Fri, Sep 30, 2022
Issue Price
₹78 per share
Market Cap (Pre-IPO)
₹80.12 Cr
| IPO Date | 28 to 30 Sep, 2022 |
| Listed on | Mon, Oct 10, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹78 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 27,12,000 shares (agg. up to ₹21 Cr) |
| Reserved for Market Maker | 1,36,000 shares Hem Securities Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 25,76,000 shares (agg. up to ₹20 Cr) |
| Net Offered to Public | 25,76,000 shares (agg. up to ₹20 Cr) |
| Share Holding Pre Issue | 75,60,000 shares |
| Share Holding Post Issue | 1,02,72,000 shares |
| BSE Script Code | 543615 |
| ISIN | INE0MNV01014 |
Silicon Rental Solutions IPO comprises a total issue size of 27,12,000 shares. The net offer to the public is 25,76,000 shares, after excluding 1,36,000 shares allotted on a firm basis. Of the Net offer 12,88,000 (50.00%) allocated to NII 12,88,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 12,88,000 | 50.00% | 47.49% |
| Retail Shares Offered | 12,88,000 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,36,000 | 5.01% | |
| Total Shares Offered | 27,12,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| 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 |
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 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 41.72 | 22.36 | 17.62 |
| Total Income | 24.68 | 13.76 | 12.28 |
| Profit After Tax | 7.47 | 2.70 | 2.16 |
| NET Worth | 0.00 | 0.00 | 0.00 |
| Reserves and Surplus | 15.98 | 8.52 | 5.82 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Capital Expenditure requirements relating to IT equipments | 8.55 |
| 2 | Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company | 8.50 |
| 3 | General Corporate Purpose | 2.59 |
| KPI | |
|---|---|
| ROE | 43.95 |
| ROCE | 30.8 |
| Debt/Equity | 0.98 |
| RoNW | 43.95 |
| PAT Margin | 30.25% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 12.48 | |
| P/E (x) | 10.73 | |
| Promoter Holding | 99.79% | 73.44% |
| Market Cap | ₹80.12 Cr. |
The Silicon Rental Solutions IPO is subscribed 2.89 times on September 30, 2022 6:59:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.85 | 12,88,000 | 36,76,800 |
| Retail | 2.92 | 12,88,000 | 37,61,600 |
| Total | 2.89 | 25,76,000 | 74,38,400 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees | 0.23 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.02 |
| 4 | Fees Payable to Regulators including Stock Exchanges | 0.04 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.02 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.04 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees*, Underwriting fees and Miscellaneous Expenses) | 1.16 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹78.00 |
| Open | ₹80.00 |
| Low | ₹80.00 |
| High | ₹84.00 |
| Last Trade | ₹84.00 |
Lead Manager Reports
Silicon Rental Solutions IPO is a SME IPO of 27,12,000 equity shares of the face value of ₹10 aggregating up to ₹21 Crores. The issue is priced at ₹78 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Sep 28, 2022, and closes on Fri, 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
Visit Zerodha IPO Application Process Review for more detail.
The Silicon Rental Solutions IPO opens on Wed, Sep 28, 2022 and closes on Fri, Sep 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 Mon, Oct 10, 2022. Check the Silicon Rental Solutions IPO allotment status.
The Silicon Rental Solutions IPO listing date is on Mon, Oct 10, 2022.
