Skip to main content

Silicon Rental Solutions IPO to open on BSE SME

 

Silicon Rental Solutions Limited (SRSL), an IT equipment outsourcing company, has launched its public issue of up to 27, 12,000 Equity Shares of face value of Rs. 10 each for cash at price of Rs. 78 per Equity Share, available in a lot size of 1600, for subscription on the BSE SME Exchange. The issue will close on 30 September 2022.  The Lead Manager to the Issue is Hem Securities Limited, a leader in SME IPOs and the Registrar to the Offer is Bigshare Services Pvt. Ltd.

The Company’s Chairman and Managing Director, Sanjay Harish Motiani said” We are an IT equipment outsourcing company, engaged in providing end to end IT equipment on a rental and returnable basis in India. The Company is raising Rs 2115.36 lakh through the public issue. Out of net offer proceeds, Rs. 854.78 Lakhs will be utilized to meet capital expenditure requirements, Rs 850 lakhs for repayment of borrowings and the balance towards general corporate purposes.

In Fiscal 2022, we served over 275 customers, across different business sectors, located at over 16 States and 3 Union Territories of India. We have established long-term relationships with our customers that include names such as Tata Motors Insurance Broking, Reliance Broadcast Network, Mahindra Integrated Business Solutions, Bewakoof Brands, Grab a Grub, Epicenter Technologies and Sitel India among many others. With the growing customer demand towards IT hardware renting in tier 2 and tier 3 cities, we plan to capitalize on the opportunity to grow our customer base. We are focusing on acquiring customers that can provide higher value business & margins through combined efforts of marketing strategies and service offerings enhancement to improve our services to attract customers.

We focus on emerging technologies and help businesses to expand easily with lower budgets and initial setup costs without any compromise on IT infrastructure. The combination of all these provide us an opportunity to make inroads in these emerging cities and would be a strong growth driver for our business in the future.” He added.

Mr Prateek Jain, Director, Hem Securities Ltd, highlighting the offer and investment rationale said “We are happy to bring this issue at an opportune time of improved market sentiments with right valuations as the Company has shown strong growth in financials and bottom-line. The Company is managed by a team of experienced management having experience in different aspects of the IT hardware industry. We believe the knowledge, strength and entrepreneurial vision of promoters and senior management has been instrumental in driving the strong growth and leverage significant competitive advantage as they seek to grow their business going forward”

Mr Gaurav Jain, Director, Hem Securities Ltd, said “The Company’s focus on functional and operational excellence has contributed to its track record of strong financial performance. In the Fiscal 2022, Fiscal 2021 and Fiscal 2020, they generated total revenue of Rs. 2467.91 lakhs, Rs. 1375.65 lakhs and Rs. 1227.85 lakhs respectively, EBITDA of Rs. 1930.55 lakhs, Rs. 953.88 lakhs and Rs. 791.21 lakhs respectively and net profit after tax of Rs. 746.54 lakhs, Rs. 270.39 lakhs and Rs. 215.50 lakhs respectively. The Company has reported Return on Net Worth of 43.95%, 31.70% and 36.99% for Fiscal 2022, Fiscal 2021 and Fiscal 2020, respectively. The steady operating cash flows enable the Company to meet the present and future needs of its customers while the strong balance sheet and financial performance instill confidence in the overall health of business”

 

Comments

Post a Comment

Popular posts from this blog

Smallcase Platform: 2025 Wealth Creation Strategies to Achieve Your Investment Goals

  By Dr. Vikas Gupta, CEO and Chief Investment Strategist, OmniScience Capital In the intricate world of finance, wealth creation is a universal aspiration among investors, though few truly attain it. With a plethora of investment products, philosophies, and strategies available, the challenge is identifying an approach that not only offers returns but also minimizes risk. At OmniScience Capital, we believe the key to successful wealth creation lies in a scientific and disciplined investment strategy. Our unique offerings, rooted in the principles of Scientific Investing, are designed to help you achieve your financial goals with confidence. Pioneering Global Investing and Outperforming on Smallcase Platform OmniScience Capital, a global investment management firm specializing in global and Indian equities, is a pioneer in global investing and growth vectors such as Defense and Digital Transformation. Our strategies have consistently identified and capitalized on growth vectors tha...
Post a Comment
Read more

India’s Economic Slowdown: Navigating Challenges with Resilience and how planetary alignments are suggesting an optimistic economic outlook

 By Aryan Prem Rana, Founder, VRIGHT PATH GROUP (www.vrightpath.com ) India, the world’s fastest-growing major economy, faces a challenging phase as GDP growth slows. The latest figures show Q2 growth dipping to 5.4%, the lowest in seven quarters. This decline comes as 63 of the Nifty 100 companies miss revenue estimates, raising concerns about underlying economic health. Growth Engines Sputtering The economic slowdown is most pronounced in key sectors: • Manufacturing growth has dropped to 2.2%, a sharp decline from last year’s 14.3%. • Urban consumption, a cornerstone of economic growth, is weakening. Industry stalwarts such as Reliance, HUL, and Maruti have seen market corrections of 15-23%. RBI’s Balanced Approach The Reserve Bank of India (RBI) has responded with measured policies, holding the repo rate steady at 6.5% for the eleventh consecutive meeting. This neutral policy stance balances inflation control with growth needs. In a key liquidity-boosting move, the RBI redu...
Post a Comment
Read more

Press Release: Prachay Capital Limited (Company/ Issuer / Prachay Capital) Announces Public Issue of Secured NCDs

Prachay Capital Limited, an RBI-registered Non-Banking Financial Company – Investment and Credit Company (NBFC-ICC), has announced the public issue of its Secured, Rated, Redeemable Non-Convertible Debentures (NCDs) to raise up to ₹100 Crore. The BBB-/Stable CRISIL-rated NCDs offer investors a 13% p.a. return with monthly interest payments, making it a fixed-income investment opportunity. The proceeds from this issue of NCDs will be primarily used for the stated fund utilization. Speaking about the issue, Mr Girish Murlidhar Lakhotiya, Managing Director, Prachay Capital Limited said: "This NCD issue is a key step in Prachay Capital’s expansion strategy. With our focus on structured corporate lending and investment in private debt instruments, we aim to generate strong and sustainable returns for our investors while maintaining a robust financial profile. Prachay Capital has zero delays in servicing liabilities and has Gross NPA of 0% on its Assets Under Management (AUM). The Compa...
Post a Comment
Read more