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Storage Technologies & Automation IPO

Storage Technologies & Automation IPO Dates, Price Band, Rating, Analysis, and Allotment Details 2024

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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:

  1. To meet the working capital requirement of the company
  2. General corporate purposes and issue expenses. 

#3. Storage Technologies & Automation Core Strengths 

  1. Product development 
  2. Consistent focus on quality 
  3. Wide Range of products
  4. 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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