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Open
30 Apr to 3 May, 2024
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Close
30 Apr to 3 May, 2024
3
Allotment
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Listing
Wed, May 8, 2024
Price Band
₹73 to ₹78
Issue Size
38,40,000 shares (agg. up to ₹30 Cr)
Lot Size
1,600 Shares
Listing Date
Wed, May 8, 2024
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 195.72x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 63.76 | 40.04 | 35.68 | 31.13 |
| Total Income | 53.17 | 81.37 | 69.90 | 48.52 |
| Profit After Tax | 3.59 | 0.48 | -0.20 | 1.18 |
| NET Worth | 9.54 | 5.95 | 5.46 | 5.67 |
| Reserves and Surplus | 6.54 | 2.95 | 2.46 | 4.67 |
| Total Borrowing | 16.33 | 9.32 | 8.71 | 3.47 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Creative Graphics Solutions India Ltd. | SME | ₹54.40 Cr | ₹85 | 17.59 | ₹176.25 | +107.35% | ₹133.05 (-2.42%) |
| Gabriel Pet Straps Ltd. | SME | ₹8.06 Cr | ₹101 | 35.94 | ₹120.75 | +19.55% | ₹108.30 (-5.00%) |
| Megatherm Induction Ltd. | SME | ₹53.91 Cr | ₹108 | 10.68 | ₹207.90 | +92.50% | ₹227.00 (+2.18%) |
| Siyaram Recycling Industries Ltd. | SME | ₹22.96 Cr | ₹46 | 8.3 | ₹57.75 | +25.54% | ₹41.32 (-0.41%) |
| Holmarc Opto-Mechatronics Ltd. | SME | ₹11.40 Cr | ₹40 | 8.09 | ₹68.50 | +71.25% | ₹109.00 (+1.87%) |
| Meson Valves India Ltd. | SME | ₹31.09 Cr | ₹102 | 15.47 | ₹203.45 | +99.46% | ₹220.75 (-2.00%) |
| Jiwanram Sheoduttrai Industries Ltd. | SME | ₹17.07 Cr | ₹23 | 9.91 | ₹28.50 | +23.91% | ₹5.25 (+0.96%) |
| Alphalogic Industries Ltd. | SME | ₹12.88 Cr | ₹96 | 22.3 | ₹96.29 | +0.30% | ₹151.00 (+9.03%) |
| Auro Impex & Chemicals Ltd. | SME | ₹27.07 Cr | ₹78 | 12.07 | ₹75.70 | -2.95% | ₹25.15 (+2.03%) |
| Inox India Ltd. | Mainboard | ₹1,459.32 Cr | ₹660 | 39.22 | ₹939.95 | +42.42% | ₹1,994.40 (+1.76%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet Working Capital requirements | 27.50 |
| 2 | General Corporate Expenses | 0.03 |
About Storage Technologies IPO
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.+ Read More
Contact Details
Storage Technologies & Automation Ltd. AddressNo 10, Survey No 21/6A21/7A, 21/7B and 21/8 SinganayakanahalliYelahankaBengaluru, Karnataka, 560064+91 98444 86300cs@racksandrollers.comVisit Website