The Storage Technologies & Automation IPO started on April 30, 2024, and ended on May 3, 2024. Shares were allocated on May 6, 2024, and refund processes began on May 7, 2024. On May 7, 2024, the shares were credited to investors demat accounts. Storage Technologies & Automation was officially listed on the stock exchange on May 8, 2024.
During the IPO, Storage Technologies offered shares at a price range of ₹73 to ₹78 per share, and the lot size was 1600 shares. The total issue size was ₹29.95 crores, with ₹29.95 crores from new shares. The IPO was listed on the BSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Storage Technologies IPO Subscription Update Video
Storage Technologies IPO Subscription Status
The Storage Technologies IPO on May 3, 2024 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, the 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 Basic Details
| Company Name | Storage Technologies & Automation Limited |
| Domain of Company | Storage Solution Provider |
| Storage Technologies & Automation IPO Open Date | April 30, 2024 |
| Storage Technologies & Automation IPO Close Date | May 3, 2024 |
| Storage Technologies & Automation IPO Allotment Date | May 6, 2024 |
| Storage Technologies & Automation IPO Listing Date | 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 |
| 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 |
About Storage Technologies & Automation Limited
Established in October 2010, Storage Technologies and Automation Limited specializes in storage racking systems. We design and install metal storage racks, automated warehouses, and other storage solutions for a wide range of industries such as oil & gas, automotive, aerospace, food & beverages, pharmaceuticals, textiles, retail, and FMCG.
Our commitment to quality is backed by our ISO 9001:2015 certification. Operating out of a 56,250-square-foot manufacturing facility in Bangalore, with an additional 20,000 square feet of storage space, we ensure efficient production and timely delivery.
Since our inception, we’ve completed over 2500 projects and catered to more than 900 satisfied clients worldwide. Our global footprint spans across 30 countries, enabling us to serve diverse markets and industries.
As of October 31, 2023, our team comprises 166 permanent employees and 94 contracted staff members, all dedicated to delivering exceptional storage solutions to our valued customers.
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Storage Technologies & Automation IPO FAQs
What is the start and end date of Storage Technologies IPO Subscription?
The Storage Technologies IPO started on April 30, 2024, and ended on May 3, 2024.
When does Storage Technologies IPO Subscription open?
The Storage Technologies IPO open on April 30, 2024.
When does Storage Technologies IPO Subscription close?
The Storage Technologies IPO Close on May 3, 2024.
What is the allotment date of Storage Technologies IPO?
The allotment date for Storage Technologies IPO is May 6, 2024.
When is the initial refund date of Storage Technologies IPO?
The initial Refund date for Storage Technologies IPO is May 7, 2024.
When were the shares credited to investors demat accounts for the Storage Technologies IPO?
The shares for the Storage Technologies IPO were credited to investors demat accounts on May 7, 2024.
When will Storage Technologies IPO be listed on the stock market?
Storage Technologies IPO stock market will be listed on May 8, 2024 at 10 am.
What was the price range of the Storage Technologies IPO shares?
The Storage Technologies IPO shares were offered at a price range of ₹73 to ₹78 per share.
What was the lot size for the Storage Technologies IPO shares?
The lot size for the Storage Technologies IPO shares was 1600 shares.
What was the total issue size of the Storage Technologies IPO?
The total issue size of the Storage Technologies IPO was ₹29.95 crores.
How were the shares allocated among different types of investors for the Storage Technologies IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Storage Technologies IPO listed?
The Storage Technologies IPO was listed on the BSE SME.
What is the Storage Technologies IPO Subscription Status?
Storage Technologies IPO is subscribed 278.82 Times.
