Introduction—
1)- Company Detail
2)–Annual Report–
3)-Objects
4)-Silicon Rental Solutions IPO important Date-
5)Lot Size
6)-Promoter Holding https://allideass.com
Silicon Rental Solutions IPO GMP, Review, Price, Allotment
.The company is an IT equipment outsourcing company. It is engaged in providing end-to-end IT equipment on a rental and returnable basis in India.
It provides laptops, desktops, printers, servers and other peripherals like CCTV cameras, projectors, storage devices, etc.
| mainly to small, medium and large https://upstox.com/open-account/?f=4LB6Y8 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.
Based on the client’s IT requirements, the company offer them tailor-made rental schemes that suit their requirements. By providing the IT rental services to its customers, it provides them with the flexibility and advantage to acquire the requisite equipments that they need to maximize their productivity without compromising their IT budget. In addition, it also sells the used IT equipments to clients as per their requirements. In Fiscal 2022, revenue generated from rental services and sale of used IT equipments represented 92.81% and 7.19% of the total revenue in such period, respectively.
IT products and equipment of major brands for a short period OVER NIGHT from One 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
Company Located–
The company has a registered office located in Mumbai and Branch offices in Pune, New Delhi and Kolkata.
Objects–
- Meeting capital expenditure requirements relating to IT equipments.
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the company
- General corporate purpose.
- Issue expenses.
Silicon Rental Solutions Financial Performance–
| 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 |
Silicon Rental Solutions IPO Timetable—
| Event | Date |
|---|---|
| Silicon Rental Solutions IPO Opening Date | Sep 28, 2022 |
| Silicon Rental Solutions IPO Closing Date | Sep 30, 2022 |
| Basis of Allotment | Oct 6, 2022 |
| Initiation of Refunds | Oct 7, 2022 |
| Credit of Shares to Demat | Oct 10, 2022 |
| Silicon Rental Solutions IPO Listing Date | Oct 11, 2022 |
Silicon Rental Solutions IPO Details—
| Silicon Rental Solutions IPO Dates | 28 – 30 September 2022 |
| Silicon Rental Solutions IPO price | INR 78 per share |
| Fresh issue | 27,12,000 shares (INR 21.15 crore) |
| Offer For Sale | Nil |
| Total IPO size | 27,12,000 shares (INR 21.15 crore) |
| Minimum bid (lot size) | 1,600 share (INR 1,24,800) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME |
Company Promoters—
Mr. Sanjay Harish Motiani, Kanchan Sanjay Motiani, Ms. Anushka Sanjay Motiani, Nikhil Sanjay Motiani
Promoter Holding %–
Pre Issue Share Holding—-99.79%
Post Issue Share Holding—73.44%
FINANCIAL PERFORMANCE:—
On the financial performance front, for the last three fiscals, SRSL has reported a turnover/net profit of Rs. 12.28 cr. / Rs. 2.16 cr. (FY20), Rs. 13.76 cr. / Rs. 2.70 cr. (FY21), and Rs. 24.68 cr. / Rs. 7.47 cr. (FY22). Thus it has marked growth in its top and bottom lines.
Pros and strengths—
The company provides its customers a broad range of products including laptops, desktops, printers, servers and other peripherals like CCTV cameras, projectors, storage devices etc on rental basis. It understands the needs of the customers and based on their requirements it deliver them the best possible and most economical rental solution for their business.
For catering the needs of its customers it is required to maintain a large base of IT hardware including desktops, laptops, printers, scanners etc. Its vast portfolio and its services increase the scope of customers and its ability to cater to a diversified clientele base.
Silicon Rental Solutions offer size is INR 21.15 crore.
What is Silicon Rental Solutions IPO price.
Silicon Rental Solutions public offer price is INR 78 per shar