Ritika
Silicon Rental Solutions IPO: Have you missed investing in the previous few IPOs launched this month, are you continue to wanting to make investments in IPOs? If the reply is sure then this can be a nice alternative for you. The Rs 21 crore IPO of Silicon Rental Solutions Limited, a company offering IT merchandise like laptops, desktops on hire, is opening from as we speak. This IPO will shut on 30 September.
The company has at present give you a plan to record its shares on the SME platform of BSE.
what’s lot dimension
The company has finalized the value of Rs 78 per share below the concern. The face worth of the shares is Rs 10. If you need to make investments in this, then you’ve to bid in tons of 1600 shares. If we discuss the bills for 1600 shares, then you definately will have to make investments a complete of 1 lakh 24 thousand 800 rupees. The company has earmarked 50 per cent of the concern for non-institutional traders, whereas 50 per cent is for retail traders.
what’s the job of the company
It is a company outsourcing IT associated stuff. That is, it gives laptops, desktops, printers, projectors and different IT associated gadgets on hire. It rents items from 1 day to 36 months. The company’s enterprise is at present unfold over 16 states and three union territories of India.
How is the efficiency of the company
If we discuss the monetary efficiency of the company, then it’s also glorious. The company’s revenue has elevated in the final monetary yr 2021-22. The company’s revenue was Rs 7.47 crore in 2021-22, whereas it was Rs 2.15 crore in 2019-20 and Rs 2.70 crore in the yr 2021.
What will occur to the cash raised from the IPO?
The company’s Chairman and Managing Director Sanjay Harish Motiani stated that out of the proceeds of the IPO, Rs 8.55 crore will be used to meet the capital expenditure necessities. At the similar time, 8.5 crores for mortgage reimbursement and the remaining quantity will be used for normal company functions.
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