Silicon Rental Sol IPO is an IT equipment outsourcing company, engaged in providing end-to-end IT equipment on a rental and returnable basis in India.
Silicon Rental Sol IPO – Overview
| IPO Dates | 28-30 sept 2022. |
| IPO Price | INR 78 per share |
| Fresh issue | 2,712,000 shares (INR 21.15 crore) |
| Offer For Sale | Nil |
| Total IPO size | 2,712,000 shares (INR 21.15 crore) |
| Minimum bid (lot size) | 1600 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE Emerge |
SILICON RENTAL SOL IPO -Tentative Dates
| IPO Offer Opening Date | 28 September 2022 |
| IPO Closing Date | 30 September 2022 |
| Finalisation of Basis of Allotment | 6 October 2022 |
| Initiation of refunds | 7 October 2022 |
| Transfer of shares to demat accounts | 10 October 2022 |
| IPO Listing Date | 10 October 2022 |
| Opening Price on BSE SME | Coming soon |
| Closing Price on BSE SME | Coming soon |
Company Overview
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.
Objects 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
Company Financials
| Particulars | 31-March-22 | 31-June-21 | 31-Mar-20 |
| Total Assets | 4172.4 | 2236.45 | 1762.25 |
| Total Revenue | 2467.91 | 1375.65 | 1227.85 |
| Profit After Tax | 746.54 | 270.39 | 215.5 |
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/
Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Lead Manager(s)
- Hem Securities Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
