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 and Automation IPO – Details
| IPO Opening Date | 30 April 2024 |
| IPO Closing Date | 03 May 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 38,40,000 Shares Worth ₹29.95 Crore Fresh Issue: 38,40,000 Shares Worth ₹29.95 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹73 – ₹78 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | BSE SME |
| Register | Integrated Registry Management Services Private Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Storage Technologies and Automation IPO – Date Schedule
| IPO Open Date | 30 April 2024 |
| IPO Close Date | 03 May 2024 |
| Basis of Allotment | 06 May 2024 |
| Initiation of Refund | 07 May 2024 |
| Credit of Shares to Demat Account | 07 May 2024 |
| IPO Listing Date | 08 May 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 03, 2024 |
Storage Technologies and Automation IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1600 | ₹1,24,800 |
| Retail (Maximum) | 1 | 1600 | ₹1,24,800 |
| HNI (Minimum) | 2 | 3200 | ₹2,49,600 |
Competitive Strengths
- Experienced Promoters supported by senior management team.
- Wide range of products.
- Consistent focus on quality.
- Product development and design optimisation capabilities.
Company Promoters
- Mr. Khasim Sait
- Mr. Mohammad Arif Abdul Gaffar Dor
- Mr. Hanif A Khatri
- Mr. Syed Azeem
- Mr. Afzal Hussain
- Mr. Nuumaan Khasim
Object Of The Issue
- To meet Working Capital requirements.
- General Corporate Purpose.
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 48.52 | 46.65 | 1.18 | 3.47 |
| 31 March 2022 | 69.89 | 69.91 | -0.20 | 8.71 |
| 31 March 2023 | 81.37 | 80.58 | 0.48 | 9.31 |
| 31 October 2023 | 53.17 | 48.32 | 3.58 | 16.32 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 46.37% |
| ROCE | 22.52% |
| RoNW | 37.64% |
| PAT Margin (%) | 6.78 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 11.96 | – |
| P/E (x) | 48.45 | – |
Storage Technologies and Automation IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 70.09% |
Storage Technologies and Automation IPO Prospectus
Company Contact Information
| Storage Technologies & Automation Ltd No 10, Survey No 21/6A 21/7A, 21/7B and 21/8 Singanayakanahalli, Yelahanka, Bangalore, Bangalore-560064, Phone: +91 98444 86300 Email: cs@racksandrollers.com Website: https://racksandrollers.com/ |
Storage Technologies and Automation IPO Registrar
| Integrated Registry Management Services Private Limited Phone: + 91 44 2814 0801 to 803 Email: giri@integratedindia.in Website: https://www.integratedindia.in/corporate-container.aspx?cpi |
Storage Technologies and Automation IPO Lead Manager(s)
| 1. Oneview Corporate Advisors Private Limited |
Storage Technologies and Automation IPO FAQs
| What is Storage Technologies and Automation IPO? Storage Technologies and Automation IPO is a SME IPO. The issue is priced at ₹73 – ₹78 per equity share. The IPO is to be listed on BSE SME. |
| When Storage Technologies and Automation IPO will open? The IPO is to open on 30 April 2024 for QIB – 50%, NII – 15% and Retails – 35% Investors. |
| How to Storage Technologies and Automation IPO? You can apply for Storage Technologies and Automation IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Storage Technologies and Automation IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Storage Technologies and Automation”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Storage Technologies and Automation IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Storage Technologies and Automation”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Storage Technologies and Automation IPO Size? Storage Technologies and Automation IPO size is ₹29.95 crores. |
| What is Storage Technologies and Automation IPO Price Band? Storage Technologies and Automation IPO Price Band is ₹73 – ₹78. |
| What is Storage Technologies and Automation IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,24,800 amount while the maximum bid is 1600 shares with ₹1,24,800. |
| What is the Storage Technologies and Automation IPO Allotment Date? Storage Technologies and Automation IPO allotment date is 06 May 2024. |
| What is the Storage Technologies and Automation IPO Listing Date? Storage Technologies and Automation IPO listing date is 08 May 2024. The IPO is to list on BSE SME. |
