Silicon Rental Solutions Limited IPO

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i. Silicon Rental Solutions is an IT equipment outsourcing company, engaged in providing end to end IT equipments 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 rental basis mainly to small, medium and large corporate. Based on the client’s IT requirements, Silicon Rental offer them tailor-made rental schemes that suit their requirements.

ii. By providing the IT rental services to its customers, they provide 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, they also sell 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.

iii. The company believes 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. The company 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.

iv. For providing seamless services to its customers and to cater its 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.

v. Benefits derived by their customers from its business:–

• Convenience to choose from wide choice of IT equipments from different manufacturers;
• Flexibility of operations by distributing the cost of equipments into multiple parts;
• Increasing purchasing power for the customers so that they can acquire more equipment and the latest technology from the market;
• Elimination of obsolescence by providing latest technology without the fear of equipment becoming obsolete as we offer timely up-gradation of technology hardware and software equipment;
• Overcoming budget constraints through renting rather than purchasing the equipment’s.

Objects of the Silicon Rental Solutions Limited IPO:

The company intend to utilize the proceeds of the Issue to meet the following objects: - i. To meet Capital Expenditure requirements relating to IT equipment ii. Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company iii. General Corporate Purpose iv. Issue expenses

Silicon Rental Solutions Limited IPO Details:

Open Date: Sep 28 2022
Close Date: Sep 30 2022
Total Shares: 2,712,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Fixed Price Issue
Issue Size: 21.15 Cr.
Lot Size: 1600 Shares
Issue Price: ₹ 78 Per Equity Share
Listing At: BSE SME
Listing Date: Oct 11 2022

Promoters And Management:

i. Sanjay Harish Motiani, aged 53 years, is the Promoter, Chairman and Managing Director of the Company. He has been on the Board since incorporation of the Company. He has completeddiploma in Electronics Engineering (I.T.) from Board of Technical Examination, Maharashtra in 1989. He has work experience of around 28 years in the IT Industry. He is a visionary entrepreneur and has played a pivotal role in setting up business of the Company. He primarily looks after the overall business operations of the Company including Purchase, Sales and formulation of policies for the business development. Under his guidance the Company has witnessed continuous growth. ii. Kanchan Sanjay Motiani, aged 52 years, is the Promoter, Whole Time Director& CFO of the Company. She has been on the Board since incorporation of the Company. She has been appointed as Chief Financial Officer of the Company w.e.f August 20, 2022. She has completed Master of Science in Microbiology from the University of Bombay in 1993. She has an experience of around 28 years in the field of accounting and finance. She primarily looks after the accounts and finance function of the Company. iii. Anushka Sanjay Motiani, aged 26years, is the Promoter &Whole Time Director of the Company. She has been on the Board since incorporation of the Company. She has completed Bachelor of Design in Visual Communication & Strategic Branding from University of Mysore in 2018. She is responsible for managing the marketing activities of the Company. She also works as a freelancer in the field of graphic designing. She has an experience of around 4 years in the field of graphic designing and digital marketing

Financials of Silicon Rental Solutions Limited IPO:

Particulars (in crores) Mar-22 Mar-21 Mar-20
Revenue from operations 24 13.00 12.00
Cost of material consumed 1.00 0.40 0.5
Employee Benifit Expense 1 0.9 1
Other Expense 2.00 2.00 2.00
Operating Profit 20 9.70 8.50
OPM% 83.33% 74.62% 70.83%
Finance Cost 0.3 0.1 0
Depreciation 9 5 5
Other Income 0.06 0 0
Profit (Loss) before tax 9 3 2
Profit (Loss) for the period 7 2 2

Comparison With Peers:

There are no listed companies in India that are engaged in a similar business.

Lead Manager of Silicon Rental Solutions Limited IPO:

  1. Hem Securities Limited

Registrar of Silicon Rental Solutions Limited IPO:

  1. Bigshare Services Private Limited

Company Address:

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: Website

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