Storage Technologies & Automation IPO Details ( Storage Technologies & Automation Limited IPO Review )
(30 Apr 2024 – 3 May 2024)
Founded in October 2010, “Storage Technologies and Automation Limited is engaged in storage racking systems.
The company manufactures and installs metal storage racks, automated warehouses, and other storage solutions. The company provides storage solutions for various industries, including oil & gas, automotive, aerospace, food & beverages, pharmaceuticals, textiles, retail, and FMCG.
The company is an ISO 9001:2015 certified storage solution manufacturing company.
The company’s manufacturing process is supported by approximately 56,250 square feet of space in Bangalore and 20,000 square feet of storage space.
To date, the company has executed more than 2500 projects and has served more than 900 customers worldwide.
The company has a presence in over 30 countries across the globe.
As of October 31, 2023, the company has a total of 166 permanent employees and 94 contracted employees.
Storage Technologies IPO Competitive Strength
- Strengthen customer relationship and acquire new business by adding new customers
- Continue to reduce operating costs and improve operational efficiencies
- Optimal Utilization of Resources
- Technological Advancement
Storage Technologies & Automation IPO Financials Performance ( Results )
Storage Technologies & Automation Limited Financial Information (Restated Consolidated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | Net Worth | Reserves | Borrowing |
| 31-Mar-21 | 3,113.04 | 4,852.38 | 118.42 | 566.81 | 466.81 | 347.48 |
| 31-Mar-22 | 3,567.70 | 6,989.72 | -20.49 | 546.31 | 246.31 | 871.10 |
| 31-Mar-23 | 4,004.01 | 8,137.12 | 48.30 | 594.61 | 294.61 | 931.63 |
| 31-Oct-23 | 6,375.77 | 5,317.09 | 358.91 | 953.52 | 653.52 | 1,632.53 |
Objective of Storage Technologies IPO Issue
- To meet Working Capital requirements
- General Corporate Purpose
Storage Technologies IPO Basic Details
| IPO Date | Apr 30, 2024 to May 3, 2024 |
| Listing Date | Friday, May 8, 2024 |
| Face Value | ₹10 per share |
| Price | ₹73 to ₹78 per share |
| Lot Size | 1600 Shares |
| Issue Size | 3,840,000 shares of ₹10 (aggregating up to ₹29.95 Cr) |
| Fresh Issue | 3,840,000 shares of ₹10 (aggregating up to ₹29.95 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 9,000,000 |
| Share holding post issue | 12,840,000 |
| Company Promoters | Mr. Khasim Sait, Mr. Mohammad Arif Abdul Gaffar Dor, Mr. Hanif A Khatri, Mr. Syed Azeem, Mr. Afzal Hussain and Mr. Nuumaan Khasim |
Storage Technologies IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Racks & Rollers IPO Timetable
Racks & Rollers IPO will open on April , 2024 and close on April , 2024. You can join Racks & Rollers IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 30 April 2024 (Tuesday) |
| Closing Date | 3 May 2024 (Friday) |
| Basis of Allotment | 6 May 2024 (Monday) |
| Initiation of Refunds | 7 May 2024 (Tuesday) |
| Credit of Shares to Demat | 7 May 2024 (Tuesday) |
| Listing Date | 8 May 2024 (Wednesday) |
| Deadline for UPI mandate confirmation | 5 PM on 3 May 2024 |
Racks and Rollers IPO Lot Size
For retail investors in Racks and Rollers IPO, 1600 shares will come in 1 lot or the minimum investment will be ₹124,800. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹124,800.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹124,800 |
| Retail (Max) | 1 | 1600 | ₹124,800 |
| S-HNI (Min) | 2 | 3200 | ₹249,600 |
Storage Technologies IPO Promoter Holding
The company’s promoters include Mr. Khasim Sait, Mr. Mohammad Arif Abdul Gaffar Dor, Mr. Hanif A Khatri, Mr. Syed Azeem, Mr. Afzal Hussain and Mr. Nuumaan Khasim.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 70.09% |
Storage Technologies & Automation Ltd IPO Key Performance Indicator ( Valuation )
In the table given below, all the figures have been told according to the latest financial year.
| KPI | Values |
| Earning Per Share (EPS) | ₹1.61 per Equity Share |
| Net Asset Value (NAV) | ₹19.82 per Equity Share |
| P/E Ratio (P/E) (x) | 48.45 |
| Return on Net Worth (RoNW) (%) | 37.64 |
| Return on equity (ROE) (%) | 46.37 |
| Return on Capital Employed (ROCE) (%) | 22.52 |
Storage Technologies IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| Today | ₹0 | – | – |
| 28 April 2024 | ₹0 | – | – |
Storage Technologies IPO Detail Video:
Storage Technologies IPO Subscription Status (Bidding Detail)
The Storage Technologies IPO on May 3, 2024 at 7:00:00 PM was subscribed 278.82 times, with the retail category being subscribed 242.74 times, the NII (Non-Institutional Investor) category being subscribed 577.02 times, QIB (Qualified-Institutional Buyers) category being subscribed 117.86 times.
| Category | Subscription |
| QIB | 117.86x |
| NII | 577.02x |
| Retail | 242.74x |
| Total | 278.82x |
Storage Technologies & Automation IPO Prospectus
| Storage Technologies & Automation IPO DRHP | Download |
| Storage Technologies & Automation IPO RHP | Download |
| Storage Technologies & Automation IPO Anchor Investors Details PDF | Download |
Storage Technologies & Automation IPO Rating
| Our Rating | 3.0/5.0 |
Storage Technologies & Automation Company Contact Information
Storage Technologies & Automation Limited
Registered Office: No 10, Survey No 21/6A, 21/7A, 21/7B and 21/8 Singanayakanahalli, Yelahanka, Bangalore, Bangalore, Karnataka, India, 560064
Website: https://racksandrollers.com
E-Mail: cs@racksandrollers.com
Telephone No: +91 98444 86300
Company Secretary and Compliance Officer: Ms. Theja Raju
Promoters of Our Company: Mr. Hanif a. Khatri, Mr. Mohammad Arif Abdul Gaffar Dor,mr. Khasim Sait, Mr. Syed Azeem, Mr. Afzal Hussain and Mr. Nuumaan Khasim
Storage Technologies IPO Registrar
Integrated Registry Management Services Private limited
SEBI Registration Number: INR000000544
Address: 30, Ramana Residency, 4th Cross, Sampige Road, Malleswaram, Bengaluru-560003
Tel. Number: 080-23460815 – 818
Email Id: csdstd@integratedindia.in
Investors Grievance Id: giri@integratedindia.in
Website: www.integratedindia.in
Contact Person: Mr. S Vijayagopal CIN: U74900TN2015PTC101466
Storage Technologies IPO Lead Manager
Oneview Corporate Advisors Private Limited
SEBI Registration Number: INM000011930
Address: Bajaj Bhawan, Room No. 111, 11th Floor, Nariman Point, Mumbai – 400021
Telephone Number: +91- 22- 43472247
Email Id: mbd@oneviewadvisors.com
Website: http://www.oneviewadvisors.com
Contact Person: Alka Mishra CIN: U74999MH1976PTC407933
Storage Technologies IPO FAQs
What is the lot size of Storage Technologies & Automation IPO?
The total size of Storage Technologies & Automation IPO is ₹29.95 crores and this is a complete fresh Issue.
When will Storage Technologies & Automation IPO start?
Storage Technologies & Automation IPO will open from 30 April 2024 and IPO will close on 3 May 2024.
What is the open date of Storage Technologies & Automation IPO?
Storage Technologies & Automation IPO will open date from 30 April 2024.
What is the last date ( close date ) of Storage Technologies & Automation IPO?
Storage Technologies & Automation IPO will close from 3 May 2024.
What is the price band of Storage Technologies & Automation IPO?
Storage Technologies & Automation IPO price band is ₹73 to ₹78. ( Upper Price Band: ₹78, Lower Price Band: ₹73 )
What is the minimum amount required to apply for Storage Technologies & Automation IPO?
The minimum investment for retailers to apply for Storage Technologies & Automation IPO is ₹124,800 and the maximum investment is ₹124,800.
What is going on gray market premium of Storage Technologies IPO?
View gray market premium of Storage Technologies IPO by Clicking Here
How much is the GMP of Storage Technologies IPO?
Watch Storage Technologies IPO GMP Today: Click Here
What is the allotment date of Storage Technologies IPO?
The allotment date of Storage Technologies IPO is 6 May 2024.
How to check allotment status in Storage Technologies IPO?
To check the allotment status of Storage Technologies IPO, first of all go to the registrar website by clicking here, select your bad Storage Technologies IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Storage Technologies IPO?
The listing date of Storage Technologies IPO is 8 May 2024.
How much will be the listing gain in Storage Technologies IPO?
View listing gain of Storage Technologies IPO by Clicking Here
How much time Storage Technologies IPO is subscribed?
Total 278.82 times subscribed in Storage Technologies IPO out of which 242.74 times subscription was done in retail quota, 577.02 times subscription in NII quota and 117.86 times subscription in QIB quota.
How to apply for Storage Technologies IPO from Upstox?
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How to apply for Storage Technologies PO from Zerodha?
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How to apply for Storage Technologies IPO from Angle One?
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