Silicon Rental Solutions was incorporated on January 28, 2016. The company is an IT equipment outsourcing company, engaged in providing end-to-end IT equipment on a rental and returnable basis in India.
| Bidding Dates |
|---|
| 28 Sep 2022 - 30 Sep 2022 |
| Subscription |
|---|
| 2.89x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,24,800 | 1 | 1 | 1600 | 2.7 M | ₹78 | 73.6 % | ₹211.5 M | DRHP DOC |
Silicon Rental Solutions IPO SUBSCRIPTION STATUS
30 Sep '22Silicon Rental Solutions IPO overall subscription rate was 2.89 times the total available shares
Silicon Rental Solutions IPO retail subscription rate was 2.92 times in the retail segment
Silicon Rental Solutions IPO non-institutional investor subscription rate was 2.85 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
30 Sep 2022 (Day 3) | 2.92x | 2.85x | - |
29 Sep 2022 (Day 2) | 0.93x | 0.86x | - |
28 Sep 2022 (Day 1) | 0.28x | 0.26x | - |
Silicon Rental Solutions FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| FY22 | 74.7 | 246.1 | 153.6 | -56.0 |
| FY21 | 27.0 | 137.5 | 101.3 | 9.1 |
| FY20 | 21.6 | 122.8 | 77.1 | 3.0 |
Silicon Rental Solutions IPO SUBSCRIPTION STATUS DETAILS
Silicon Rental Solutions had 2.7 M shares on offer
Silicon Rental Solutions IPO offer price was ₹78
Silicon Rental Solutions IPO minimum Investment was ₹124800
Silicon Rental Solutions IPO issue size was ₹ 211.5 M
Silicon Rental Solutions had a minimum lot size of 1600 Shares per application
Silicon Rental Solutions NUMBER OF SHARES ON OFFER
Silicon Rental Solutions IPO IMPORTANT DATES
| Issue Open Date | 28 Sep 2022 |
| Issue close Date | 30 Sep 2022 |
| Allotment Date | 06 Oct 2022 |
| Refund Date | 07 Oct 2022 |
| Demat Account Credit Date | 10 Oct 2022 |
| Listing Date | 10 Oct 2022 |
| Listing on Exchange(s) | BSE |
| Silicon Rental Solutions Allotment Status | Exchange |
Silicon Rental Solutions IPO subscription opened on 28 Sep 2022, and closed on 30 Sep 2022
IPO allotment for Silicon Rental Solutions was finalized on Thursday, 06 Oct 2022
IPO listing for Silicon Rental Solutions was on BSE on Monday, 10 Oct 2022
Silicon Rental Solutions IPO LISTING GAINS
| Issue Price (adjusted) | 78.0 |
| Listing Open Price | 80.0 |
| Listing Close Price | 84.0 |
| Listing Gain% | 2.6% |
| Current Gain% | -5.9% |
Silicon Rental Solutions Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Silicon Rental Solutions Ltd. | 73.4 | 75.4 | 8.2 | -0.3 | 0.7 | 9.3 | 8.2 | 115.9 | 12.6 | 10.2 | -22.4 | 9 | -30.2 |
| Sagility Ltd. | 43.6 | 20429.3 | 20.6 | 0.4 | 2.7 | 9.6 | 7.3 | 7290.8 | 29.6 | 924.8 | 71.5 | 2.1 | 49.2 |
| International Gemological Institute Ltd. | 354.4 | 15313.6 | 25.1 | 1 | 11.2 | 47.8 | 38.3 | 1661.9 | 52.7 | 711.2 | 66.4 | 14.1 | 24.3 |
| Indiabulls Ltd. | 28.8 | 6709.1 | 16 | 0 | 6.1 | 8.9 | 6.6 | 880.8 | 172602 | 273.9 | 501.6 | 1.8 | 739.2 |
| SIS Ltd. | 427.4 | 6038.8 | 41.2 | 0.2 | 0.4 | 5.4 | 1.8 | 16030.1 | 20.9 | 137.8 | 1069.1 | 10.4 | 261.6 |
| eMudhra Ltd. | 530 | 4389 | 38.1 | 1.5 | 5.9 | 11.8 | 8.9 | 713.2 | 35.1 | 107.8 | 27.4 | 13.9 | 25.5 |
Silicon Rental Solutions INFORMATION ON IPO ISSUE
About Silicon Rental Solutions
Silicon Rental Solutions was incorporated on January 28, 2016. The company is an IT equipment outsourcing company, engaged in providing end-to-end IT equipment on a rental and returnable basis in India.
Object 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
- Issue expenses
Silicon Rental Solutions - PROMOTERS
| Name |
|---|
| Sanjay Harish Motiani |
| Kanchan Sanjay Motiani |
| Anushka Sanjay Motiani |
| Nikhil Sanjay Motiani |
Silicon Rental Solutions Lead Manager of the Issue
Hem Securities Limited
ib@hemsecurities.com
Silicon Rental Solutions Registrar to the Issue
Bigshare Services Private Limited
ipo@bigshareonline.comWebsite
Silicon Rental Solutions Strengths
Wide range of offerings
The company provides customers a broad range of products including laptops, desktops, printers, servers, and other peripherals like CCTV cameras, projectors, storage devices, etc on a rental basis.
Wide presence in domestic market
For FY22, the company has served over 275+ clients in India located at over 16 states and 3 Union Territories of India.
Strong financial performance
In FY22, FY21 and FY20, the company generated total revenue of Rs 2,467.91 lakhs, Rs 1,375.65 lakhs, and Rs 1,227.85 lakhs respectively. Net profit after tax was Rs 746.54 lakhs, Rs 270.39 lakhs and Rs 215.50 lakhs for FY22, FY21 and FY20.
Silicon Rental Solutions Risks
Capital intensive
The business is capital-intensive in nature. If the company is unable to raise additional funds when needed, or on terms acceptable, it may be required to scale down or abandon expansion and growth plans.
Dependent on few clients
The company generates a significant percentage of revenue from a few clients.
IPO FAQs
The promoters of the company are Sanjay Harish Motiani, Kanchan Sanjay Motiani, Anushka Sanjay Motiani and Nikhil Sanjay Motiani.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 78.0 - 78.0.
The IPO application opens on Sep 28, 2022 and closes on Sep 30, 2022.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 124,800.0, the maximum value for this IPO is Rs 124,800.0.
This IPO will be allotted on Oct 06, 2022.
The refund will be credited to your account on Oct 07, 2022.
The allotted shares will be credited to your demat on Oct 10, 2022.
Silicon Rental Solutions Ltd.’s shares listed on the stock exchanges on Oct 10, 2022.