Storage Technologies & Automation Ltd

Company Profile
Company Name Storage Technologies & Automation Ltd
Open Date 30-04-2024
Close Date 03-05-2024
Exchange BSE SME
Lot Size 1600 Shares
Issue Price ₹73 to ₹78 per share
Issue Size 38,40,000 shares
Application Amount ₹1,24,800
Recommendation Avoid
Incorporated in 2010, Storage Technologies & Automation Limited has its registered office in Yelahanka, Bangalore India. The company is engaged in a storage racking system. The company specialise in the design, manufacturing, and installation services of metal storage racks, automated warehouses and other storage solutions. The company caters to a wide range of industries which includes oil & gas, automotive components & aerospace, food & beverages and cold storage, pharmaceutical, textile, retail, FMCG and others. As of October 31, 2023, the company had a total of 166 employees on a consolidated basis on its payroll.
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Financial Summary in Lakhs

For the Period Ended Mar-21 Mar-22 Mar-23 Dec-23
Total Assets 3,113.04 3,567.70 4,004.01 6,375.77
Net Assets 566.81 546.31 594.61 953.52
Total Borrowings 2.51 7.71 15.08 27.16
Total Revenue 4,852.38 6,989.72 8,137.12 5,317.09
Profit After Tax 121.71 -20.89 60.54 358.34

Tentative Timeline

Opening Date 30-04-2024
Closing Date 03-05-2024
Basis of Allotment 06-05-2024
Initiation of Refunds 07-05-2024
Credit of Shares to Demat 07-05-2024
Listing Date 08-05-2024

Objects of the Issue

To Meet Working Capital Requirements.
General Corporate Purpose.

Contact Information

Registered Office 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/

Registrar Details

Name 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

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%)

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 70.09%

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