Silicon Rental Solutions IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Aug 07, 2023Let’s have a detailed review of the company and analytics of the Silicon Rental Solutions IPO release date, IPO offer price, subscription, Silicon Rental Solutions Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs. 10 |
| Price Band | Rs. 78 |
| Listing At | BSE SME |
| Min. Order Quantity | 1600 shares |
| Listing Date | Oct 11, 2022 |
| Offer for Sale | – |
| Fresh Issue | Rs. 2115 Lakh |
| IPO Size | Rs. 2115 Lakh |
| Tick Size | 1 |
Silicon Rental Solutions IPO is listed at a Rs. 68 premium. Check out the live share price by clicking on the below link.
Silicon Rental Solutions IPO – Summary
They are an IT equipment outsourcing company, engaged in providing end-to-end IT equipment on a rental and returnable basis in India. They provide laptops, desktops, printers, servers and other peripherals like CCTV cameras, projectors, storage devices etc. on a rental basis mainly to small, medium and large corporate. Based on the client’s IT requirements, they offer them tailor-made rental schemes that suit their requirements.
By providing IT rental services to their customers, they provide them with the flexibility and advantage to acquire the requisite equipment that they need to maximize their productivity without compromising their IT budget.
In addition, they also sell the used IT equipment to clients as per their requirements. In Fiscal 2022, revenue generated from rental services and sale of used IT equipment represented 92.81% and 7.19% of the total revenue in such period, respectively.
The Promoter of this company is Sanjay Harish Motiani, Kanchan Sanjay Motiani, Anushka Sanjay Motiani and Nikhil Sanjay Motiani. The lead manager to the issue is HEM SECURITIES LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.
Silicon Rental Solutions IPO Date
The opening of Silicon Rental Solutions IPO will be on Sep 28, 2022 and the closing date Sep 30, 2022.
Silicon Rental Solutions IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 28th Sept | 0.26x | 0.28x | 0.27x |
| 2nd Day – 29th Sept | 0.86x | 0.93x | 0.90x |
| 3rd Day – 30th Sept | 2.85x | 2.92x | 2.89x |
| Shares Offered or Net Issue | 1,288,000 | 1,288,000 | 2,576,000 |
The shares subscribed by the public will be updated here.
Silicon Rental Solutions IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Silicon Rental Solutions Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Oct 6, 2022 |
| Refunds Initiation | Oct 7, 2022 |
| Credit of Shares to Demat Account | Oct 10, 2022 |
| Share Listing Date | Oct 11, 2022 |
Silicon Rental Solutions IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.78.
Silicon Rental Solutions IPO Equity Size
This Initial Public Issue of 2,712,000 Equity Shares of Rs.10 each for cash at a price of Rs.78 per equity share aggregating to Rs.2115 Lakh.
Silicon Rental Solutions IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 2,712,000 Equity Shares of Rs.10/ each.
Issue Size: 2,712,000 Equity Shares of Rs.10 each, aggregating to Rs. 2115 Lakh.
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Silicon Rental Solutions IPO – Live Performance
The listing date of this IPO is Oct 11, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Silicon Rental Solutions Share Price |
Silicon Rental Solutions IPO Grey Market Premium
The Silicon Rental Solutions Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Silicon Rental Solutions IPO – Company Overview
They believe that the rapidly transforming technology and increased digitalization has made a robust IT infrastructure mandatory for companies to operate efficiently.
Many enterprises face challenges to optimize the IT framework according to the requirements of their business due to budget limitation, lack of knowledge or other issues. They support enterprises by providing them with the required IT products and equipments of major brands for short period of time ranging from 1 day to longer period upto 36 months based on the customer requirements.
For providing seamless services to their customers and to cater their customer’s diverse requirements they carry stocks of latest models of Laptops, desktops, Servers, Mac books,
and other IT equipments and also provide them the choice of equipment’s from all major brands like HP, Dell, Lenovo, Apple, Asus, Intel, AMD, Gigabyte, Sonicwall, Dlink, Cisco etc.
Silicon Rental Solutions IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 4172.4 | 2236.45 | 1762.25 |
| *Total Revenue | 2467.91 | 1375.65 | 1227.85 |
| Total Expense | 1,468.49 | 1,009.72 | 947.58 |
| Profit After Tax | 746.54 | 270.39 | 215.5 |
Earnings per Equity Share (in Lakh)
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 12.48 | 4.76 | 3.80 |
Further, their PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs. 746.54 Lakh, Rs. 270.39 Lakh, and Rs. 215.5 Lakh, respectively.
Silicon Rental Solutions IPO – Promoters
The Promoter of this company is:
- Sanjay Harish Motiani
- Kanchan Sanjay Motiani
- Anushka Sanjay Motiani
- Nikhil Sanjay Motiani
List of Related Parties (Key Managerial Personnel)
- Sanjay Harish Motiani, Chairman &Managing Director
- Kanchan Sanjay Motiani, Whole Time Director & CFO
- Anushka Sanjay Motiani, Whole Time Director
- Himanshi Tiwari, -Company Secretary & Compliance Officer
Silicon Rental Solutions IPO – Promoters Holding
- Pre Issue Share Holding – 99.79%
- Pos Issue Share Holding -%
Silicon Rental Solutions IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 2,712,000 Equity Shares aggregating up to Rs. 2115 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,36,000 Equity Shares aggregating up to Rs.106.08 Lakh |
| Net Issue to the Public | Up to 25,76,000 Equity Shares aggregating up to Rs. 2009.28 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 50% |
| Other than Retail Individual Investors | Not more than 50% |
| Equity Shares outstanding prior to the Issue | 75,60,000 Equity Shares |
| Equity Shares outstanding after the Issue | 1,02,72,000 Equity Shares |
Silicon Rental Solutions IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding 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
Silicon Rental Solutions IPO – Business Strategy
- General economic and business conditions in the markets in which they operate and in the local, regional, national and international economies;
- Changes in consumer demand;
- Failure to successfully upgrade their product portfolio, from time to time;
- Any change in government policies resulting in increases in taxes payable by them;
- Their ability to retain their key managements persons and other employees;
- Changes in laws and regulations that apply to the industries in which they operate.
- Their failure to keep pace with rapid changes in technology;
- Their ability to grow their business;
- Their ability to make interest and principal payments on their existing debt obligations and satisfy the other covenants
contained in their existing debt agreements;
Silicon Rental Solutions IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- 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
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar -22 | 12.48 | 43.95% | 28.40 |
| 31-Mar-21 | 4.76 | 31.70% | 15.03 |
| 31-Mar-20 | 3.80 | 36.99% | – |
Silicon Rental Solutions IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Silicon Rental Solutions Limited | 10 | 6.25 | 12.48 | 43.95 | 2467.91 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Silicon Rental Solutions IPO Lead Managers
| Lead Managers |
| HEM SECURITIES LIMITED Address: 904,A Wing, Naman Midtown, Senapati Bapat Marg, Elphinstone Road, Lower Parel, Mumbai-400013, India Tel. No.: +91- 022- 49060000; Email: ib@hemsecurities.com Website: www.hemsecurities.com Contact Person : Sourabh Garg/Akun Goyal SEBI Regn. No. INM000010981 |
Silicon Rental Solutions IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No. S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre. Andheri (East), Mumbai – 400 093Tel. No.: +91 22 6263 8200 Email:ipo@bigshareonline.com Website:www.bigshareonline.com Investor Grievance Email:investor@bigshareonline.com Contact Person: Babu Rapheal SEBI Registration No.: INR000001385 |
Silicon Rental Solutions IPO – Other Details
- Statutory Auditor – Vinod Kumar Jain & Company
- Legal Counsel to the Company – Vedanta Law Chambers
- Bankers to the Company – Canara Bank
Silicon Rental Solutions IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Silicon Rental Solutions Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Silicon Rental Solutions IPO Review FAQs
Check out various FAQs related to Silicon Rental Solutions IPO:
What is the Issue Size of Silicon Rental Solutions IPO?
The Company is making an initial public offer of 2,712,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of Silicon Rental Solutions IPO?
The price band for this particular IPO ranges between Rs. 78. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Silicon Rental IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 28, 2022, while the closing date is set at Sep 30, 2022.
What is the Silicon Rental IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Oct 6, 2022, refund initiation is on Oct 7, 2022, credit of shares is on Oct 10, 2022, and share listing date is on Oct 11, 2022.
What is the Silicon Rental IPO Listing Date?
Shares of this company shall be listed in the exchanges Oct 11, 2022.The date, when the listing would be done, is stagnant on Oct 11, 2022 .
Who is the Registrar of Silicon Rental IPO?
One of the reputed registrars is managing the issue of this IPO, BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Silicon Rental IPO?
Here are the promoters of this IPO – Sanjay Harish Motiani, Kanchan Sanjay Motiani, Anushka Sanjay Motiani and Nikhil Sanjay Motiani. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Silicon Rental IPO?
They have obtained the GMP of this IPO and it is Rs. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Silicon Rental IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Silicon Rental Solutions Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs. 746.54 Lakh, Rs. 270.39 Lakh, and Rs. 215.5 Lakh, respectively.
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