Storage Technologies and Automation Ltd IPO
- IPO Date30 Apr, 2024 to 03 May, 2024
- Listing Date08 May, 2024
- Face Value₹10 per share
- Issue Price₹73 to ₹78 per share
- Lot Size1600 Shares
- Minimum Investment₹1,24,800
- Listing AtBSE SME
- Total Issue Size38,40,000 Shares
(aggregating up to ₹29.95 Cr) - Fresh Issue38,40,000 Shares
(aggregating up to ₹29.95 Cr)
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue90,00,000
- Shareholding post issue1,28,40,000
IPO Dates
Closing Date
03 May, 2024
Initiation of Refunds
07 May, 2024
Listing Date
08 May, 2024
30 Apr, 2024
Opening Date
06 May, 2024
Basis of Allotment
07 May, 2024
Credit of Shares
Storage Technologies and Automation Ltd Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,24,800 |
| HNI (Min) | 2 | 3200 | ₹2,49,600 |
| Retail (Max) | 1 | 1600 | ₹1,24,800 |
Storage Technologies and Automation Ltd Promoter Holding
The promoters of the company, are Mr. Khasim Sait, Mr. Mohammad Arif Abdul Gaffar Dor, Mr. Hanif A Khatri, Mr. Syed Azeem, Mr. Afzal Hussain and Mr. Nuumaan Khasim
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 100% | 70.09% |
Storage Technologies and Automation Ltd COMPANY INFORMATION
Storage Technologies Racks and Rollers IPO is a book built issue of Rs 29.95 crores. The issue is entirely a fresh issue of 38.4 lakh shares. Storage Technologies Racks and Rollers IPO bidding started from April 30, 2024 and ended on May 3, 2024. The allotment for the Storage Technologies Racks and Rollers IPO is expected to be finalized on Monday, May 6, 2024. Storage Technologies Racks and Rollers IPO will list on BSE SME with tentative listing date fixed as Wednesday, May 8, 2024. Storage Technologies Racks and Rollers IPO price band is set at ₹73 to ₹78 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹124,800. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹249,600. Oneview Corporate Advisors Private Limited is the book running lead manager of the Storage Technologies Racks and Rollers IPO, while Integrated Registry Management Services Private Limited is the registrar for the issue. The market maker for Storage Technologies Racks and Rollers IPO is Nikunj Stock Brokers. Refer to Storage Technologies Racks and Rollers IPO RHP for detailed information.
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.
FAQs About Storage Technologies And Automation Ltd Ipo
Storage Technologies and Automation Ltd IPO will open on 30 Apr, 2024 and close on 03 May, 2024. Investors must apply within this period to participate.
The Storage Technologies and Automation Ltd IPO price band is set between ₹73.00 and ₹78.00 per share. The minimum lot size is 1600, requiring an investment of at least ₹124800.00.
The Storage Technologies and Automation Ltd IPO shares are expected to be listed on 08 May, 2024, subject to regulatory approvals and final allotment.
You can track your Storage Technologies and Automation Ltd IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Storage Technologies and Automation Ltd IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.