Silicon Rental Solutions IPO: Have you missed investing in the last few IPOs launched this month, are you still looking to invest in IPOs? If the answer is yes then this is a great opportunity for you. The Rs 21 crore IPO of Silicon Rental Solutions Limited, a company providing IT products like laptops, desktops on rent, is opening from today. This IPO will close on 30 September.
The company has currently come up with a plan to list its shares on the SME platform of BSE.
what is lot size
The company has finalized the price of Rs 78 per share under the issue. The face value of the shares is Rs 10. If you want to invest in this, then you have to bid in lots of 1600 shares. If we talk about the expenses for 1600 shares, then you will have to invest a total of 1 lakh 24 thousand 800 rupees. The company has earmarked 50 per cent of the issue for non-institutional investors, while 50 per cent is for retail investors.
what is the job of the company
It is a company outsourcing IT related stuff. That is, it provides laptops, desktops, printers, projectors and other IT related items on rent. It rents goods from 1 day to 36 months. The company’s business is currently spread over 16 states and 3 union territories of India.
How is the performance of the company
If we talk about the financial performance of the company, then it is also excellent. The company’s profit has increased in the last financial year 2021-22. The company’s profit was Rs 7.47 crore in 2021-22, while it was Rs 2.15 crore in 2019-20 and Rs 2.70 crore in the year 2021.
What will happen to the money raised from the IPO?
The company’s Chairman and Managing Director Sanjay Harish Motiani said that out of the proceeds of the IPO, Rs 8.55 crore will be used to meet the capital expenditure requirements. At the same time, 8.5 crores for loan repayment and the remaining amount will be used for general corporate purposes.