Storage Technologies & Automation IPO
The initial public offering (IPO) of Storage Technologies & Automation will open for subscription on April 30 and close on May 03, comprising fresh issues of Rs.29.95 Crore. An investor can apply for the issue for a minimum of 1600 shares and the listing will happen on May 08, 2024.
#1. Quick Intro to Storage Technologies & Automation
Storage Technologies & Automation Limited (2010) is engaged in engaged into storage racking systems. The company specialise in the design, manufacturing, and installation services of metal storage racks, automated warehouses and other storage solutions.
The company’s range of products and services demonstrates its commitment to providing innovative, efficient solutions for diverse warehousing needs, catering to a wide range of industries each with its own specific storage and logistical requirements, which includes oil & gas, automotive components & aerospace, food & beverages and cold storage, pharmaceutical, textile, retail, FMCG and others.
Check out the IPO allotment status on IPO Deliver.
#2. IPO Object of Storage Technologies & Automation
The company intends to use the IPO Funds for the following purposes:
- To meet the working capital requirement of the company
- General corporate purposes and issue expenses.
#3. Storage Technologies & Automation Core Strengths
- Product development
- Consistent focus on quality
- Wide Range of products
- Experienced promoters supported by the senior management team
#4. Storage Technologies & Automation IPO Review & Rating
| Issue Size | Rs.29.95 Crore |
| Issue Price | Rs.73-78 per share |
| Minimum Lot Size | 1600 Shares |
| Total Profit (Latest) | Rs.358.91 Lakhs |
| ROE | 46.37% |
| ROCE (%) | 22.52% |
| Listing on | BSE SME |
| IPO Deliver Rating | Two |
#5. Storage Technologies & Automation IPO Dates, Price Band & Details
Storage Technologies & Automation IPO will open on April 30, 2024, and close on May 03, 2024. The IPO is to be listed on May 08, 2024.
| Type of issue | Book Built Issue IPO |
| Issue Size | Rs.29.95 Crore |
| Price Brand | Rs.73-78 per share |
| Face Value | Rs. 10/- per share |
| IPO Open Date | April 30, 2024 |
| IPO Close Date | May 03, 2024 |
| IPO Allotment Date | May 06, 2024 |
| Refund Date | May 07, 2024 |
| Share Credit Date | May 07, 2024 |
| Listing Date | May 08, 2024 |
#6. Storage Technologies & Automation IPO Offer Details
Storage Technologies & Automation IPO’s total issue size is 38,40,000 shares, comprising the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Crore) |
| Fresh Issue | 38,40,000 | 29.95 |
| Offer for Sale (OFS) | – | – |
#7. Storage Technologies & Automation Financials Overview (Lakhs)
The following table sets forth the summary of financial information of the company for the period October 31, 2023, March 31, 2023 and March 31, 2022.
| Category (Rs.) | Oct 31, 2023 | March 31, 2023 | March 31, 2022 |
| Total Revenue | 5317.09 | 8137.12 | 6989.72 |
| Net Worth | 953.52 | 294.61 | 246.31 |
| Profit | 358.91 | 48.30 | -20.49 |
| Total Borrowings | 1632.53 | 931.63 | 871.10 |
#8. Storage Technologies & Automation Quantitative Factors
The following table sets forth the summary of financial information of the company for the period October 31, 2023, 2023, March 31, 2023 and March 31, 2022.
| Category | Oct 31, 2023 | March 31, 2023 | March 31, 2022 |
| EPS (Rs.) | 11.96 | 1.61 | -0.68 |
| RoNW (%) | 37.64% | 20.89% | -3.75 |
| NAV (Rs.) | 31.78 | 19.82 | 18.21 |
#9. Storage Technologies & Automation Comparison with Other Peer Companies (Top 2)
Listed companies in India are comparable in all aspects of the business.
| Company Names | Total Revenue
(Rs. in Lakhs) |
RoNW (%) | NAV (Rs.) |
| Alphalogic Inds. | 1823.14 | 50.60 | 138.61 |
| – | – | – | – |
#10. Storage Technologies & Automation Company Promoters
The company has seven promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP). (Top-2)
| Sr. No. | Name of Promoters |
| 01. | Hanif A. Khatri |
| 02. | Mohd. Asif Abdul Gaffar Dor |
#11. Storage Technologies & Automation Pre-offer and Post-Offer Promoters Shareholding
| Promoters Holding | Percentage (%) |
| Pre-issue | 100 |
| Post-issue | – |
#12. Storage Technologies & Automation IPO Reservation Details
Storage Technologies & Automation IPO total reservation shares are distributed between the below-mentioned categories.
| Category | Share Offered |
| QIB Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
#13. Storage Technologies & Automation IPO – Lot Size
An investor can apply for a minimum of 1600 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail (Min.) | 1 | 1600 | 1,24,000 |
| Retail (Max.) | 1 | 1600 | 1,24,000 |
| HNI (Min.) | 2 | 3200 | 2,49,000 |
#14. Storage Technologies & Automation IPO – Prospectus Copy
An investor can download/view the Storage Technologies & Automation prospectus copy, which the company filed to exchange, details are as follows.
| Storage Technologies & Automation IPO Prospectus |
| Draft Red Herring Prospectus (DRHP) |
| Red Herring Prospectus (RHP) |
#15. Storage Technologies & Automation IPO Registrar
Integrated Registry Management Services Private Limited
Website: www.integrateindia.in
#16. Storage Technologies & Automation IPO Lead Managers
Oneview Corporate Advisors Private Limited
Website; www.oneviewcorporate.com
#17. Storage Technologies & Automation IPO Application (How to Apply for an IPO)
There are three primary options for applying for a Storage Technologies & Automation IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Storage Technologies & Automation Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Storage Technologies & Automation Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you.
#18. Storage Technologies & Automation Company Details
Storage Technologies & Automation Limited
Registered Office: No.10 , Survey No.21/6A, 27/7A-7B & 21/8, Singanayakanahalli, Yelahanka, Bangalore, Karnataka, India-560064
Email:cs@racksandrollers.com
Website: www.racksandrollers.com
Investor Grievances/Compliance Officer: Theju Raju
#19. Storage Technologies & Automation Subsidiary Companies (Top 2)
| Sr.No. | Name of Companies (Indian) |
| 01. | – |
| 02. | – |
#20. Storage Technologies & Automation Company Board (Top 2)
| Sr. No. | Name of Directors |
| 01. | Hanif A. Khatri |
| 02. | Mohd. Asif Abdul Gaffar Dor |
Storage Technologies & Automation IPO – Frequently Asked Questions (FAQs)
| #1. What is a Storage Technologies & Automation IPO?
Storage Technologies & Automation brings its IPO of Rs. 29.95 Crore, on April 30, 2024, with a price band of Rs.73-78 per share. |
| #2. What is the Storage Technologies & Automation IPO Open date?
Storage Technologies & Automation IPO’s opening date is April 30, 2024. |
| #3. What is the Storage Technologies & Automation IPO Close Date?
Storage Technologies & Automation IPO’s closing date is May 03, 2024. |
| #4. What is the Storage Technologies & Automation IPO Listing date?
Storage Technologies & Automation’s IPO listing date is May 08, 2024. |
| #5. What is the Storage Technologies & Automation IPO Minimum investment amount?
Storage Technologies & Automation IPO’s minimum investment amount is Rs. 1,24,800. |
| #6. What is the Storage Technologies & Automation IPO offer issue Size?
Storage Technologies & Automation offers an issue size of Rs.29.95 Crore. |
| #7. What is the Storage Technologies & Automation IPO Price Band?
Storage Technologies & Automation’s IPO price band is Rs.73-78 per share. |
| #8. Is Storage Technologies & Automation IPO mainboard IPO or SME IPO?
Storage Technologies & Automation IPO is an SME IPO. |
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