Storage Technologies Racks and Rollers IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Apr 30 to May 03 2024
Price Band
₹78
Current GMP
₹148.2(82.05%)
Subscription
278.82 times
IPO Details
| IPO Date | April 30, 2024 to May 3, 2024 |
| Listing Date | Wednesday, May 8, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹73 to ₹78 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 3,840,000 shares (aggregating up to ₹29.95 Cr) |
| Fresh Issue | 3,840,000 shares (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 |
| Market Maker portion | 200,000 shares Nikunj Stock Brokers |
IPO Date
April 30, 2024 to May 3, 2024
Listing Date
Wednesday, May 8, 2024
Face Value
₹10 per share
Price Band
₹73 to ₹78 per share
Lot Size
1600 Shares
Total Issue Size
3,840,000 shares (aggregating up to ₹29.95 Cr)
Fresh Issue
3,840,000 shares (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
Market Maker portion
200,000 shares Nikunj Stock Brokers
IPO Subscription Details
| Anchor Investors | 1 |
| Market Maker | 1 |
| Qualified Institutions | 117.86 |
| Non-Institutional Buyers*** | 577.02 |
| Retail Investors | 242.74 |
| Total ** | 278.82 |
Anchor Investors
1
Market Maker
1
Qualified Institutions
117.86
Non-Institutional Buyers***
577.02
Retail Investors
242.74
Total **
278.82
Day Wise Sub
| Day | QIB | NII* | Retail | Total |
|---|---|---|---|---|
| Day 1 Apr 30, 2024 | 0.02 | 2.23 | 5.00 | 2.98 |
| Day 2 May 2, 2024 | 0.12 | 37.75 | 48.25 | 32.26 |
| Day 3 May 3, 2024 | 117.86 | 577.02 | 242.74 | 278.82 |
DayDay 1
Apr 30, 2024
QIB0.02
NII*2.23
Retail5.00
Total2.98
DayDay 2
May 2, 2024
QIB0.12
NII*37.75
Retail48.25
Total32.26
DayDay 3
May 3, 2024
QIB117.86
NII*577.02
Retail242.74
Total278.82
Day Wise GMP
| Date | Price | GMP | Estimate List Price |
|---|---|---|---|
| 08-05-2024 | 78.00 | 60(76.92%) | 138 |
| 07-05-2024 | 78.00 | 60(76.92%) | 138 |
| 06-05-2024 | 78.00 | 53(67.95%) | 131 |
| 05-05-2024 | 78.00 | 53(67.95%) | 131 |
| 04-05-2024 | 78.00 | 53(67.95%) | 131 |
| 03-05-2024 | 78.00 | 53(67.95%) | 131 |
| 02-05-2024 | 78.00 | 49(62.82%) | 127 |
| 01-05-2024 | 78.00 | 35(44.87%) | 113 |
| 30-04-2024 | 78.00 | 18(23.08%) | 96 |
| 29-04-2024 | 78.00 | 9(11.54%) | 87 |
| 28-04-2024 | 78.00 | 0(0.0%) | 78 |
| 27-04-2024 | 78.00 | 0(0.0%) | 78 |
| 26-04-2024 | 78.00 | 0(0.0%) | 78 |
| 25-04-2024 | 78.00 | 0(0.0%) | 78 |
| 24-04-2024 | 78.00 | 0(0.0%) | 78 |
Date08-05-2024
Price78.00
GMP60(76.92%)
Estimate List Price138
Date07-05-2024
Price78.00
GMP60(76.92%)
Estimate List Price138
Date06-05-2024
Price78.00
GMP53(67.95%)
Estimate List Price131
Date05-05-2024
Price78.00
GMP53(67.95%)
Estimate List Price131
Date04-05-2024
Price78.00
GMP53(67.95%)
Estimate List Price131
Date03-05-2024
Price78.00
GMP53(67.95%)
Estimate List Price131
Date02-05-2024
Price78.00
GMP49(62.82%)
Estimate List Price127
Date01-05-2024
Price78.00
GMP35(44.87%)
Estimate List Price113
Date30-04-2024
Price78.00
GMP18(23.08%)
Estimate List Price96
Date29-04-2024
Price78.00
GMP9(11.54%)
Estimate List Price87
Date28-04-2024
Price78.00
GMP0(0.0%)
Estimate List Price78
Date27-04-2024
Price78.00
GMP0(0.0%)
Estimate List Price78
Date26-04-2024
Price78.00
GMP0(0.0%)
Estimate List Price78
Date25-04-2024
Price78.00
GMP0(0.0%)
Estimate List Price78
Date24-04-2024
Price78.00
GMP0(0.0%)
Estimate List Price78
IPO Important Dates
| IPO Open Date | Tuesday, April 30, 2024 |
| IPO Close Date | Friday, May 3, 2024 |
| Basis of Allotment | Monday, May 6, 2024 |
| Initiation of Refunds | Tuesday, May 7, 2024 |
| Credit of Shares to Demat | Tuesday, May 7, 2024 |
| Listing Date | Wednesday, May 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 3, 2024 |
IPO Open Date
Tuesday, April 30, 2024
IPO Close Date
Friday, May 3, 2024
Basis of Allotment
Monday, May 6, 2024
Initiation of Refunds
Tuesday, May 7, 2024
Credit of Shares to Demat
Tuesday, May 7, 2024
Listing Date
Wednesday, May 8, 2024
Cut-off time for UPI mandate confirmation
5 PM on May 3, 2024
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹124,800 |
| Retail (Max) | 1 | 1600 | ₹124,800 |
| HNI (Min) | 2 | 3,200 | ₹249,600 |
ApplicationRetail (Min)
Lots1
Shares1600
Amount₹124,800
ApplicationRetail (Max)
Lots1
Shares1600
Amount₹124,800
ApplicationHNI (Min)
Lots2
Shares3,200
Amount₹249,600
Financial Information
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 6,375.77 | 4,004.01 | 3,567.70 |
| Revenue | 5,317.09 | 8,137.12 | 6,989.72 |
| Profit After Tax | 358.91 | 48.30 | -20.49 |
| Net Worth | 953.52 | 594.61 | 546.31 |
| Reserves and Surplus | 653.52 | 294.61 | 246.31 |
| Total Borrowing | 1,632.53 | 931.63 | 871.10 |
Period EndedPeriod Ended
31 Oct 202331 Oct 2023
31 Mar 202331 Mar 2023
31 Mar 202231 Mar 2022
Period EndedAssets
31 Oct 20236,375.77
31 Mar 20234,004.01
31 Mar 20223,567.70
Period EndedRevenue
31 Oct 20235,317.09
31 Mar 20238,137.12
31 Mar 20226,989.72
Period EndedProfit After Tax
31 Oct 2023358.91
31 Mar 202348.30
31 Mar 2022-20.49
Period EndedNet Worth
31 Oct 2023953.52
31 Mar 2023594.61
31 Mar 2022546.31
Period EndedReserves and Surplus
31 Oct 2023653.52
31 Mar 2023294.61
31 Mar 2022246.31
Period EndedTotal Borrowing
31 Oct 20231,632.53
31 Mar 2023931.63
31 Mar 2022871.10
Key Performance Indicator
| ROE | 46.37% |
| ROCE | 22.52% |
| RoNW | 37.64% |
| PAT Margin (%) | 6.78 |
| EPS (Rs) | 11.96 |
ROE
46.37%
ROCE
22.52%
RoNW
37.64%
PAT Margin (%)
6.78
EPS (Rs)
11.96
IPO Reservation
| Anchor Investor Shares Offered | 1,089,600 (28.38%) |
| Market Maker Shares Offered | 200,000 (5.21%) |
| QIB Shares Offered | 728,000 (18.96%) |
| NII (HNI) Shares Offered | 547,200 (14.25%) |
| Retail Shares Offered | 1,275,200 (33.21%) |
| Total Shares Offered | 3,840,000 (100%) |
Anchor Investor Shares Offered
1,089,600 (28.38%)
Market Maker Shares Offered
200,000 (5.21%)
QIB Shares Offered
728,000 (18.96%)
NII (HNI) Shares Offered
547,200 (14.25%)
Retail Shares Offered
1,275,200 (33.21%)
Total Shares Offered
3,840,000 (100%)
Information about company
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.
Objectives of IPO
The company intend to utilize the proceeds of the Issue to meet the following objects: -
To meet Working Capital requirements
General Corporate Purpose
Disclaimer
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